Latest Business News Wires - Business Headlines


  • The proposed halt is similar to a ban introduced by Indonesia that led to a sharp spike in nickel prices and cut other ore exports from January. The ban in Indonesia has led stainless steel makers in China and in Japan to source more ore from the Philippines.

  • European shares rise; Hermes slumps after LVMH deal Wednesday, 3 Sep 2014 | 4:32 AM ET

    *Hugo Boss drops after share placement. PARIS, Sept 3- European shares rose early on Wednesday, boosted by news that Ukraine's President has reached an agreement with Russia over a ceasefire in eastern Ukraine's Donbass region.

  • LONDON, Sept 3- Britain's services industry expanded last month at the fastest pace in nearly a year, a survey showed on Wednesday, but some signs indicate that the crisis in Ukraine might cool things down soon.

  • LONDON, Sept 3- The euro climbed against almost every other major currency on Wednesday after Ukraine said it has agreed on a ceasefire with Russia, offering some comfort to the euro zone economy which has borne the brunt of the impact of the conflict.

  • MOSCOW, Sept 3- Russian shares surged after Ukraine's President Poroshenko said that he had agreed with President Vladimir Putin on a permanent ceasefire in the Donbass region of eastern Ukraine. At 0810 GMT, the dollar-denominated RTS index was up 3.9 percent on the day at 1,224 points, with the rouble-based MICEX index up 2.6 percent to 1,437 points.

  • Hong Kong shares close at highest level since May 2008 Wednesday, 3 Sep 2014 | 4:10 AM ET

    HONG KONG, Sept 3- Hong Kong's benchmark index made its largest daily gain in 9-1/ 2 months on Wednesday to close at its highest level since May 2008, while China's onshore markets took heart from upbeat results of two surveys on service sector activity.


  • *Aug trade numbers due on Monday, Sept 8. BEIJING, Sept 3- A data deluge over the coming week is likely to show continued weakness in China's economy in August due to a slowdown in the property sector, which would increase pressure on the government to unveil more pro-growth policy steps.

  • Best sell-side stockpickers stand apart from the crowd Wednesday, 3 Sep 2014 | 4:00 AM ET

    LONDON, Sept 3- The best sell-side equities analysts in the past financial year were those who catered to the buy side's needs with more focused in-depth knowledge of companies and sectors, the 2014 StarMine Analyst Awards showed on Wednesday.

  • *Heightened tensions over Ukraine weighing on sentiment. LONDON, Sept 3- Euro zone business grew at the slowest rate this year in August as escalating tension between Russia and Ukraine subdued spending and investment, surveys showed on Wednesday.

  • *Abe seeks China thaw with party executive appointments. TOKYO, Sept 3- Japanese Prime Minister Shinzo Abe picked two veteran lawmakers with friendly ties to China for top party posts on Wednesday in an apparent signal of hope for a thaw in chilly ties with Beijing and a summit with Chinese leader Xi Jinping.

  • Analysts and industry sources said milk output during the 2014/ 15 season, which starts July 1, could well be stronger than the 2 percent rise to 9.3 billion liters predicted by the Australian Bureau of Agricultural, Resource Economics and Sciences. Australia is the world's third-largest dairy exporter behind New Zealand and the European Union.

  • HONG KONG, Sept 3- China shares rose to their highest levels for the year on Wednesday, after two surveys showed activity in China's services sector rebounded in August, giving a much needed fillip for an economy struggling to regain momentum.

  • MOSCOW, Sept 3- Sanctions-hit Russian oil producer Rosneft may cut its 2014 output by 2 million tonnes, the daily Kommersant reported on Wednesday, citing several sources close to the company.

  • SINGAPORE, Sept 3- Brent crude rose towards $101 a barrel on Wednesday, pulling away from a 16- month low hit in the previous session, supported by encouraging U.S. manufacturing data. Benchmarks on both sides of the Atlantic plummeted the day before on a stronger dollar and the prospect of slowing oil demand growth in China and Europe.

  • MUMBAI, Sept 3- Google Inc's partnership with three Indian phone makers is set to rev up fast-growing demand for lower priced smartphones, and spell more trouble for Samsung Electronics which is rapidly losing share in emerging markets.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Sept 3- There was maybe more than a touch of hubris in Rio Tinto boss Sam Walsh's recent comment that it's time for other iron ore producers to "really feel the consequences" of the current low price.

  • PARIS, Sept 3- French drugmaker Sanofi, developing the first vaccine against dengue fever, said its product reduced disease cases by 60.8 percent in a large final clinical trial. Sanofi has invested more than 1.3 billion euros in the project, undertaking two decades of research on the world's fastest-growing tropical disease.

  • WASHINGTON, Sept 3- U.S. bank regulators plan to adopt on Wednesday rules forcing big banks to hold more assets that they could sell easily in a credit crunch, a requirement that is closely linked to the experience of the 2007-2009 financial crisis.

  • HONG KONG, Sept 3- China shares rose for a fourth straight day on Wednesday, spurred by two surveys showing activity in China's services sector rebounded in August after a drop in July, pushing the major indexes to multi-month highs. The Hong Kong market followed suit, with its benchmark index scoring the best rise in six weeks.