Latest Business News Wires - Business Headlines


  • *Fed trims bond buying $10 bln to $75 bln, starting in Jan. *Wall Street at record peaks, dollar takes out 104 yen.

  • *South Sudan army says loses town as fighting spreads. SINGAPORE, Dec 19- Brent futures slipped towards $109 a barrel on Thursday after the U.S. Brent crude slipped 23 cents to $109.40 a barrel by 0535 GMT, after settling $1.19 higher overnight.

  • HOUSTON, Dec 19- On a wall inside an old hunting lodge in west Texas that Apache Corp uses as a field office, a board lists the winners of $10,000 prizes given to workers with big ideas to cut costs- the new way to get ahead in North America's shale oil industry.

  • Boeing machinists bloc demand vote on 777X contract offer Thursday, 19 Dec 2013 | 12:41 AM ET

    EVERETT, Washington, Dec 18- Several dozen machinists rallied near Boeing's main aircraft factory here on Wednesday, demanding the chance to vote on a labor contract that union leaders rejected last week.

  • Yuan eases as Fed taper boosts dollar Thursday, 19 Dec 2013 | 12:25 AM ET

    *C.bank sets weakest fixing since Dec. 6. SHANGHAI, Dec 19- China's yuan edged slightly weaker on Thursday after the dollar surged in global markets in response to the U.S. The People's Bank of China often fixes the yuan weaker in response to dollar gains in an effort to hold the Chinese currency roughly stable against non-dollar currencies.

  • LAUNCESTON, Australia, Dec 19- China's commodity demand has been lumpy this year, with weakness in crude oil and copper being offset by robust gains in iron ore and coal, and this pattern is likely to continue into next year.

  • DETROIT, Dec 19- Toyota Motor Corp erased a black mark on its reputation for quality on Thursday when Consumer Reports restored a recommended rating for the flagship Camry sedan less than two months after the influential magazine had pulled the rating due to poor crash test results a year ago.

  • *Hong Kong shares underperform Asia after Fed decision. *Fu Shou Yuan shares jump 53 pct in Hong Kong debut. Dec 19- China shares surrendered early gains on Thursday, weighing on Hong Kong markets, as moves by the U.S.

  • GUANGZHOU, Dec 19- The first day's trading in what will be by far the largest carbon market in China kicked off briskly on Thursday with pricing in line with expectations, as Beijing continues its drive to slow its rapid growth of heat-trapping emissions.

  • TOKYO, Dec 19- The dollar gave back some of its gains after cresting at its highest against the yen in more than five years on Thursday in Asia, after the U.S.

  • *Fed trims bond buying $10 bln to $75 bln, starting in Jan. *Wall Street at record peaks, dollar takes out 104 yen.

  • *Copper extends losses as Fed cuts stimulus. Copper for February delivery on the Shanghai Futures Exchange slid 0.3 percent to 51,040 yuan a tonne. Copper touched $7,307.70 a tonne on Monday, its highest since Oct. 23.

  • *South Sudan army says loses town as fighting spreads. SINGAPORE, Dec 19- Brent futures slipped towards $109 a barrel on Thursday after shrugging off in the previous session the U.S. Brent crude slipped 24 cents to $109.39 a barrel by 0225 GMT, after settling $1.19 higher overnight.

  • SINGAPORE, Dec 19- Oil and copper retreated only slightly on Thursday after the U.S. Gold edged higher with the Fed's move largely expected, having built up on a recent raft of strong U.S. economic data, and most investors in bullion have already cut positions long before Wednesday's stimulus decision.

  • WELLINGTON, Dec 19- New Zealand's economy grew at its fastest clip in nearly four years in the third quarter as its vital agricultural sector bounced back from drought, putting it on track to become the first developed country to raise rates as early as March. The result blew past economists' and the Reserve Bank of New Zealand's forecasts for growth of 1.1 percent.

  • JGB 30-yr yield dips on buying by overseas life insurers Wednesday, 18 Dec 2013 | 9:53 PM ET

    TOKYO, Dec 19- Japanese government bond prices ended Thursday's morning session marginally mixed, with the superlong 30- and 40- year yields down on the back of buying by overseas life insurers ahead of the massive quarterly JGB redemption set for Friday.

  • MEXICO CITY, Dec 18- Rules aimed at boosting oversight of Mexican derivatives trades and pushing most transactions through a central clearing house will soon be published, Mexico's banking regulator said on Wednesday.

  • GUANGZHOU, Dec 19- The debut trade on Guangdong's carbon permit exchange in China went through at 61 yuan on Thursday, in line with market expectations.

  • *JPMorgan and others sell futures to lock in profits from Wed- traders. TOKYO, Dec 19- Japan's Nikkei share average jumped 1.5 percent on Thursday morning to within striking distance of its year high, as global equity markets took the glass half-full view after the U.S.

  • METALS-Copper falls after Fed's move to cut stimulus Wednesday, 18 Dec 2013 | 8:45 PM ET

    SINGAPORE, Dec 19- London copper lost more ground on Thursday, falling for a third consecutive session, as the Federal Reserve's decision to cut back its bond-buying stimulus weighed on the market. Copper for February delivery on the Shanghai Futures Exchange dropped 0.4 percent to 50,990 yuan a tonne.

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