GO
Loading...

Latest Business News Wires - Business Headlines

More

  • SEOUL, Jan 15- South Korea's central bank held monetary policy steady and sharply cut this year's economic growth and inflation forecasts, but its firm conviction in a sustained recovery torpedoed the prospects of an imminent cut in interest rates. Bank of Korea Governor Lee Ju-yeol spent much of a 1- hour news conference after the decision promoting a view...

  • China stocks rise on infrastructure firms, Hong Kong flat Thursday, 15 Jan 2015 | 12:10 AM ET

    SHANGHAI, Jan 15- China stocks rose in thin volume on Thursday, propped up by strong infrastructure firms and the prospect of more policy stimulus after weaker-than-expected bank lending. "IPOs have locked money up in the market, causing tight liquidity," said Li Zheming, an analyst at Datong Securities. Jinggong Steel hit its 10 percent trading limit, Huadian...

  • SYDNEY, Jan 15- Australian authorities said on Thursday they would start investigating petrol stations without warning for possible price fixing after a lawmaker accused some of failing to pass on huge falls in the oil price to consumers. The probe will put additional pressure on firms like Chevron Corp and its half-owned retail subsidiary Caltex Australia...

  • WASHINGTON, Jan 15- The number of U.S. properties in the process of being foreclosed upon dropped last year to its lowest level since 2006, real estate data firm RealtyTrac said on Thursday. The data for the year overall showed the foreclosure market is "close to finding a floor and stabilizing at a historically normal level," Daren Blomquist, vice president at...

  • BOGOTA, Jan 14- Facebook Inc Chief Executive Mark Zuckerberg launched a free Internet application in Colombia on Wednesday as part of a drive to bring developing markets online, but remained mute on when and if the company would look to move into China. Colombia is the first nation in Latin America and the fourth in the world to receive the new Internet.org...

  • --Clyde Russell is a Reuters columnist. The views expressed are his own.--. LAUNCESTON, Australia, Jan 15- Asian buyers of liquefied natural gas may come to view the plunge in oil prices as a case of be careful what you wish for, as you may get it.

  • Kaisa Group last week failed to pay coupons for its dollar bond maturing in 2020, after government officials blocked sales of some of its projects in Shenzhen and several executives unexpectedly exited. Kaisa woes have frozen high-yield bond issuance from Chinese companies in the offshore market, where about $3.9 billion worth of G3 and dim sum bonds from...

  • By Lisa Twaronite and Ian Chua. TOKYO/ SYDNEY, Jan 15- The dollar edged up in Asian trade on Thursday, regaining some ground lost overnight after a surprisingly big fall in U.S. retail sales. The greenback added about 0.2 percent to 117.59 yen, after skidding as low as 116.07 yen on Wednesday, a level last seen on Dec. 16.

  • *China bonded premiums climb $5 to $85- Shmet. MELBOURNE, Jan 15- London copper climbed on Thursday on a mix of bargain-hunting and short covering, a day after its biggest slide in more than three years, but traders said selling would cap rallies even if large-scale buyers were lying in wait at lower levels. Copper took a bruising after a bearish World Bank report on...

  • NY AG to propose new bill to strengthen data security law Wednesday, 14 Jan 2015 | 11:22 PM ET

    Jan 14- New York Attorney General Eric Schneiderman on Thursday will propose a legislation that he says would make the state's data security law the strongest in the country and require "unprecedented safeguards" for the personal data of consumers and workers. If it becomes a law, New York's requirements would meet California standards in terms of the breadth...

  • SINGAPORE, Jan 15- Gold was steady on Thursday as Asian stocks recovered from earlier losses, but the metal stayed below a 12- week high as a recent sell-off in commodities took its toll. Gold was sold off along with copper, which slid to a 5-1/ 2 year low on Wednesday after the World Bank cut its global growth forecast, and oil, which rebounded late in the session.

  • SYDNEY, Jan 15- The Corner, a new cafe in Sydney's trendy inner west, looks a lot like its peers- white frontage, rustic wooden seating, potted plants on the counter, quinoa on the menu and servers wearing hemp aprons. Owner McDonald's Corp's is saying little about the unique cafe and a series of other "learning labs" it is opening in Australia. "While we don't have plans at...

  • UPDATE 1-Indian central bank surprises with early rate cut Wednesday, 14 Jan 2015 | 11:00 PM ET

    MUMBAI, Jan 15- The Reserve Bank of India cut its repo interest rate by 25 basis points to 7.75 percent in a surprise move on Thursday, making its first reduction in a year as inflation showed signs of slowing and the government was making efforts to contain the fiscal deficit. Helped by plunging global oil prices, India's wholesale price index for December rose...

  • TOKYO, Jan 15- Asian stocks pared earlier losses and edged up on Thursday after a significant rebound in oil prices brought a semblance of calm, but global growth worries remained after weak U.S. retail sales data compounded concerns over plunging copper prices. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent.

  • TOKYO, Jan 15- Japan's core machinery orders rose less than expected in November, suggesting companies are still cautious about capital expenditure with renewed worries about global growth adding to doubts over how quickly the economy can recover from recession. Japan's policymakers have said consumer spending, corporate profits, capital expenditure and...

  • *ANZ sees Brent price of $40 to $60 barrel in first half of 2015. SINGAPORE, Jan 15- Crude oil dipped in early Asian trade on Thursday after a volatile session the previous day, when prices rebounded sharply from near-six-year lows that reflected a global oversupply. However, the tone remains bearish because of the supply glut and on Thursday Brent had fallen back 56...

  • MEXICO CITY, Jan 14- Mexican builder and transport infrastructure firm OHL Mexico said on Wednesday it has agreed to sell 24.99 percent stakes in two of its subsidiaries to a fund controlled by Australia's IFM Investors for 8.78 billion pesos. OHL Mexico said it would sell stakes in Organizacion de Proyectos de Infraestructura and the recently created OPCEM,...

  • *Softbank, Alibaba, Tiger Global invest $600 mln in Kuaidi Dache. TOKYO, Jan 15- Japan's SoftBank Corp said it and other firms including Chinese e-commerce giant Alibaba Group Holding Ltd had invested about 70 billion yen into Travice Inc, the operator of Chinese taxi hailing app Kuaidi Dache. Alibaba already holds an undisclosed stake in Kuaidi, one of two local...

  • *Dec new loans 697.3 bln yuan vs f'cast 852.7 bln yuan in Nov. China is likely to report next week that its economic growth last year was the slowest in 24 years, and analysts predict a further loss of momentum in 2015 even if the government rolls out more stimulus measures, as widely expected. "Given the fact that the central bank cut interest rates in November, I think...

  • WASHINGTON, Jan 14- U.S. Air Force Secretary Deborah James on Wednesday mapped out a series of initiatives aimed at lowering the cost of key weapons systems and getting them fielded sooner, saying that leaner budgets and growing threats made action imperative. James said the initiatives are part of a broader push by the Air Force to be more flexible, adaptable and...