Latest Business News Wires - Business Headlines


  • BUDAPEST, Dec 16- Hungarian drugmaker Richter has bought a 51 percent stake in Brazil's Next Pharma to register and distribute its female healthcare products in the South American country, Richter said in a statement on Monday.

  • *Bonded copper premiums steady at $190- $210- Shmet. SINGAPORE, Dec 16- London copper stalled after six sessions of gains on Monday as traders cut risk ahead of this week's Federal Reserve decision on whether to trim stimulus that has supported commodities and a string of manufacturing reports later in the day.

  • MILAN, Dec 16- BlackRock holds 7.783 percent of Telecom Italia's voting share capital, ANSA news agency reported on Monday, citing a statement by the U.S. money manager. BlackRock has a further 0.006 percent in American Depositary Receipts and holds the rest of its stake in the Italian phone group through a convertible bond, ANSA said.

  • HONG KONG, Dec 16- Chinese shares extended losses on Monday and ended at a four-week low after a private survey showed that growth in China's manufacturing activity slipped in December, pointing to a resilient but slowing economy.

  • *Executive sees volume growth opportunity in India. With the latest India deal, GSK is set to spend close to $2 billion in roughly a year to increase its holdings in two listed Indian companies, its biggest incremental investment in any country in that period.

  • MILAN, Dec 16- Telecom Italia said on Monday it had not received any information from U.S. money manager BlackRock regarding an increase in its stake in the Italian telecoms group to 10.14 percent, as shown by U.S. regulatory filings.

  • Former Swiss banker Raoul Weil is looking forward to confronting U.S. charges for allegedly helping rich Americans avoid tax, according to his lawyer.

  • TOKYO, Dec 16- Japan's Nikkei share average fell 1.6 percent to a 3-1/ 2- week closing low on Monday, hit by selling in futures and index-heavyweight stocks as investors braced for possible tapering in monetary stimulus by the U.S.

  • *Boeing jets chief tells staff winning key to funding growth. *Boeing seen pushing to restore equal market share vs Airbus. No longer would Boeing let Airbus walk away with a larger share of the market with competitive deals.

  • *U.S. sanctions move angers Iran, Russia sees threat to nuclear deal. SINGAPORE, Dec 16- Brent futures rose above $109 a barrel on Monday as supply concerns revived after Libya failed to reach a deal with tribal leaders to end the blockade of several oil-exporting ports.

  • *Power Assets jumps 2 pct on Hong Kong spin-off plan. HONG KONG, Dec 16- China shares extended losses on Monday, with Hong Kong shares lower too, after a preliminary survey showed manufacturing activity in the mainland slipped to an 3- month low in December.

  • Strong dollar view keeps yuan bulls on backfoot Sunday, 15 Dec 2013 | 11:27 PM ET

    HONG KONG, Dec 16- China's yuan crawled lower on Monday as traders stayed on the sidelines ahead of a U.S. central bank meeting this week which will likely determine the dollar's trend in the opening months of next year.

  • Amazon's German workers set to go on strike Sunday, 15 Dec 2013 | 11:00 PM ET

    FRANKFURT, Dec 16- Workers at Amazon.com' s German operations were set to go on strike on Monday, in the middle of the crucial Christmas holiday season, in a dispute over pay that has been raging for months. The Verdi union said workers would strike in Amazon's logistic centres in Bad Hersfeld and Leipzig and, for the first time, in Graben.

  • BEIJING/ SHANGHAI, Dec 16- Renault SA clinched full access to China's auto market on Monday by sealing a joint venture agreement with state-owned Dongfeng Motor Group in Wuhan, a city fast shaping up as China's own Detroit. The deal allows Renault to fully tap demand in China, something it has been unable to do until now because of the lack of a strong local partner.

  • *Japan business confidence at 6- year high helped by low yen. SYDNEY, Dec 16- Asian share markets were mostly lower on Monday with investors just a few short days away from finding out the fate of U.S. monetary stimulus, in what looks set to be a very close call indeed.

  • *U.S. sanctions move angers Iran, Russia sees threat to nuclear deal. SINGAPORE, Dec 16- Brent futures rose above $109 a barrel on Monday as supply concerns revived after Libya failed to reach a deal with tribal leaders to end the blockade of several oil-exporting ports.

  • TOKYO, Dec 16- Japanese business confidence improved over the three months to December to its highest level in six years, a central bank survey showed, suggesting Prime Minister Shinzo Abe's "Abenomics" stimulus policies are gaining broader traction across the economy.

  • SYDNEY/ TOKYO, Dec 16- The dollar moved little in Asia on Monday as investors waited to see if the Federal Reserve would begin to scale back its massive bond buying stimulus program this week. But the yen remains under pressure, as an uptick in Japanese business sentiment hardly dented expectations of more easing by the Bank of Japan.

  • JGBs edge down as BOJ refrains from buying operations Sunday, 15 Dec 2013 | 10:12 PM ET

    TOKYO, Dec 16- Japanese government bond prices mostly edged down in relatively quiet trading as the Bank of Japan refrained from any purchases under its asset-buying program on Monday, contrary to market expectations.

  • TAIPEI, Dec 16- Qualcomm Inc and other clients of Advanced Semiconductor Engineering Inc have started to consider shifting some of their business elsewhere after the Taiwanese company's main plant was accused of polluting a river, local media said on Monday.

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