GO
Loading...

Latest Business News Wires - Business Headlines

More

  • RUSSIAN CENTRAL BANK GOVERNOR NABIULLINA SAYS CENTRAL BANK SOLD SLIGHTLY OVER $4 MLN IN FOREX INTERVENTIONS ON WEDNESDAY.

  • RUSSIAN CENTRAL BANK GOVERNOR NABIULLINA SAYS WORST CASE SCENARIO THAT SEES OIL PRICES AT $60 PER BARREL DOES NOT INCLUDE INTRODUCTION OF CAPITAL AND CURRENCY CONTROLS.

  • DUBAI, Oct 2- The president of Emirates airlines said on Thursday that demand for flights to Africa from Asia has fallen due to concerns over the Ebola virus. "There are indications that demand in the east is coming off a little bit because of the perception that Ebola is Africa- wide," Sir Tim Clark told an Africa- focused investment event in Dubai.

  • TOKYO, Oct 2- If history is a guide, a string of disappointing economic reports in Japan would seem to argue against raising the country's sales tax again. Some economists, investors and businesspeople say it could spook financial markets already worried about Japan's commitment to curbing its runaway government debt. "If they don't go ahead with it, that will...

  • European shares extend losses; eyes on ECB Thursday, 2 Oct 2014 | 3:05 AM ET

    PARIS, Oct 2- European shares fell in early trading on Thursday, extending the previous session's sharp retreat and tracking losses on Wall Street, while investors awaited details on the European Central Bank's new asset-buying plan. At 0702 GMT, the FTSEurofirst 300 index of top European shares was down 0.3 percent at 1,364.02 points, after losing 0.9 percent...

  • TOKYO, Oct 2- More Japanese felt they were worse off than three months ago as the cost of living rose and earnings fell, a central bank survey showed, casting doubt on premier Shinzo Abe's growth revival strategy as the economy sputters under the weight of a sales tax hike. A diffusion index measuring households' confidence on the economy fell at the biggest pace in...

  • Oct 2- Electrocomponents Plc, a British distributor of electronic products for engineers, reported a 3 percent rise in first-half underlying sales, aided by strong demand for its products overseas. Sales in Asia-Pacific grew 5 percent, while revenue from its UK business declined 2 percent. The international business- comprising continental Europe, North...

  • MOSCOW, Oct 2- Russia's central bank will introduce seven-day and 28- day foreign currency repo auctions within a few weeks, the bank's governor Elvira Nabiullina said on Thursday. She told a VTB Capital conference that the new facility would help Russian companies and banks deal with problems caused by the closure of external markets. The bank recently...

  • RUSSIAN FINANCE MINISTER SILUANOV SAYS DOES NOT ENVISAGE TAPPING RESERVE FUND IN 2015.

  • *Exporters hit, Honda falls 4.2 pct. TOKYO, Oct 2- Japanese shares tumbled to one-month lows on Thursday as disappointing global manufacturing activity surveys stoked concerns over global growth, while the first confirmed case of Ebola in the United States fed into a risk-averse mood. Surveys on Wednesday showed German factory activity shrank for the first...

  • The watchdog said in a statement it had also stopped more than 70 tonnes of pig products from Poland and Germany as well as 100 tonnes of apples because they were labeled improperly.

  • Oct 2- Electrocomponents Plc, a British distributor of electronic products for engineers, reported a 3 percent rise in first-half underlying sales, helped by strong performance in its international market. The company, which distributes 500,000 products, sourced from over 2,500 suppliers, said international sales rose 5 percent in the six months ended Sept....

  • Renault has revamped the elderly Espace people carrier as a crossover sport utility vehicle as it seeks to relive the marque's past glories. "It's certainly a great nameplate to revive, because it was quite something for Renault," UBS analyst Philippe Houchois said. "It was about the closest Renault ever got to a premium product."

  • MOSCOW, Oct 2- Oil production in Russia increased by almost 0.9 percent month-on-month in September to 10.61 barrels per day largely because of increased output at joint ventures with foreign majors, Energy Ministry data showed on Thursday. The ministry does not provide a breakdown of the data for the projects, which include Sakhalin-1 of Rosneft, ExxonMobil,...

  • LONDON, Oct 2- "Things are always unnoticed, until they're noticed," Tesco Chairman Richard Broadbent said when asked how Britain's biggest retailer had failed to spot a 250 million pound sized hole in its first-half profits. Whether conspiracy or cock-up, the scandal raises doubts over the management and financial oversight at Britain's largest private...

  • LONDON, Oct 2- Bill Gross' exit from Pimco has seen billions of dollars leave the fund group and even more value wiped off the share price of its parent company, offering a warning both to firms who rely on star managers and the investors who chase them. Gross's flagship Pimco Total Return Fund lost money every month from May last year, totalling nearly $70 billion by...

  • Spreadbetters see lower open for Europe. The gloom is seen keeping Europe on the defensive, with spreadbetters forecasting Britain's FTSE and Germany's DAX each to drop as much as 0.2 percent, and France's CAX to start 0.1 percent lower. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.1 percent, with the downturn potentially limited by...

  • *Brent may struggle to recover on weak demand in China, Europe. SINGAPORE, Oct 2- Brent crude futures hovered near $94 a barrel on Thursday and were close to their lowest level in more than two years, reflecting sustained pressure from plentiful global supply and weak demand conditions in Europe and China. "Ultimately weak demand conditions in Europe and China mean...

  • Loan fraud inquiry focuses on used-car dealers - NYT Thursday, 2 Oct 2014 | 1:23 AM ET

    Oct 2- U.S. federal and state authorities are investigating used-car dealerships to examine if they are inflating borrowers' income or falsifying employment information on loan applications to ensure that anyone can buy a car, the New York Times reported, citing people briefed on the matter. Falsified loan applications may lead borrowers to ultimately fall...

  • NEW YORK, Oct 2- Mortgage credit remains. For example, at Boston- based real-estate lender Edward Voccola& Co. clients who borrow to buy rental properties must simply provide identification, the property address and the expected annual rent. The Mortgage Bankers Association's Mortgage Credit Availability Index, which measures the ease of obtaining a home loan,...