GO
Loading...

Latest Business News Wires - Business Headlines

More

  • UPDATE 5-Oil steadies around $103 on ample supply Thursday, 28 Aug 2014 | 9:34 AM ET

    *Fire hits BP's largest U.S. refinery, at Whiting, Indiana. LONDON, Aug 28- Brent crude oil steadied around $103 a barrel on Thursday, not far above 14- month lows on ample supply and lacklustre demand as global economic growth remained tepid.

  • ANKARA, Aug 28- Iraqi Kurdistan has shipped over 8 million barrels of oil from the Turkish port of Ceyhan since May, sources and energy officials said, as the autonomous region employs new tactics to establish independent oil sales in defiance of Baghdad.

  • BRUSSELS, Aug 28- EU lawmakers are threatening to block a multi-billion dollar trade pact between Canada and the European Union-- a blueprint for a much bigger EU-U.S. deal-- because it would allow firms to sue governments if they breach the treaty.

  • *Shanghai rebar futures drop to record low. SINGAPORE, Aug 28- Spot iron ore hit a two-year low on Thursday and was on course to fall to its lowest since 2009 as tighter credit in China curbed purchases of imported cargoes, and iron ore futures in Dalian slumped to a contract low.

  • *Ukraine tensions add safety bid. Ukraine accused Russia on Thursday of bringing troops into the southeast of the country in support of pro- Moscow separatist rebels. "It's all about Europe," said Ira Jersey, an interest rate strategist at Credit Suisse in New York.

  • Aug 28- Canadian oil and gas company Crew Energy Inc said it would sell its liquids-rich assets in Princess, Alberta for C $150 million to focus on the development of its core Montney properties in British Columbia.

  • Iraq to appeal U.S court decision on Kurdish oil Thursday, 28 Aug 2014 | 9:15 AM ET

    However, the court gave Baghdad 10 days to resubmit its case. The United Kalavrvta tanker, carrying about $100 million worth of Kurdish crude, has been anchored in the Gulf of Mexico for weeks, with the Iraqi region of Kurdistan locked in a legal battle over ownership with the central government of Iraq.

  • Aug 28- Johnson& Johnson is recalling some lots of its implant used to correct defects of the jaw, following more than a dozen cases of injury.

  • WASHINGTON, Aug 28- The U.S. economy rebounded more strongly than initially thought in the second quarter with more of the growth being driven by domestic demand and less by restocking by businesses.

  • Aug 28- Digital Ally Inc said the Michigan police force placed an order for the company's flagship video cameras for its fleet, highlighting the spike in demand for surveillance systems since a policeman fatally shot an unarmed teenager in Ferguson, Missouri on Aug. 9.

  • *UK company has attractive niche in Internet of Things. LONDON, Aug 28- Britain's CSR has rebuffed an approach from Microchip Technology, saying its U.S. rival would have to pay more if it wants to bolster its role in the "Internet of Things" with the chipmaker's radio technology.

  • US 30- YEAR TREASURIES EXTEND RALLY, YIELDS FALL TO 3.07 PERCENT, LOWEST SINCE MAY 2013.

  • NEW YORK, Aug 28- U.S. stock index futures pointed to a lower open on Thursday after Ukraine's president said Russian forces had been brought into his country, bringing concerns over the volatile region back into focus and overshadowing some positive economic data.

  • Aug 28- OncoMed Pharmaceuticals Inc said the U.S. Food and Drug Administration lifted a partial hold on patient enrolments for three trials testing its experimental cancer drug, vantictumab. OncoMed is developing the drug in collaboration with Germany's Bayer AG. The FDA formally placed a partial hold on vantictumab, following the voluntary halt.

  • Aug 28- JPMorgan Chase& Co is investigating a possible cyber attack and working with law enforcement authorities to determine the scope, a company spokeswoman said on Thursday morning.

  • BERLIN, Aug 28- After ramming austerity medicine down the throats of smaller euro zone countries for the past four years, Germany is showing clemency towards its closest ally, France.

  • UPDATE 3-Vivendi picks Telefonica in GVT fight Thursday, 28 Aug 2014 | 8:46 AM ET

    PARIS/ MILAN, Aug 28- French media group Vivendi said it would enter into exclusive talks with Telefonica over the sale of its Brazilian broadband unit GVT, choosing the Spanish group over a rival bid from Telecom Italia.

  • TABLE-OPEC oil output rises by 90,000 bpd in August Thursday, 28 Aug 2014 | 8:44 AM ET

    Aug 28- The following table shows OPEC crude oil output in millions of barrels per day in July and August, according to a Reuters survey published on Thursday. Overall OPEC supply has stayed above its notional target of 30 million bpd.

  • *Supply rises by 90,000 bpd, led by Libya, Angola. LONDON, Aug 28- OPEC's oil production has risen in August from July, a Reuters survey found on Thursday, as a recovery in Libyan supply held up and Angola and Iran boosted supplies, outweighing a further decline in Iraq.

  • WASHINGTON, Aug 28- The U.S. economy rebounded more strongly than initially thought in the second quarter and details of a report on Thursday pointed to sustainable underlying strength.