Latest Business News Wires - Business Headlines


  • LONDON, Dec 17- Tom Hayes, a former UBS and Citigroup trader, on Tuesday pleaded "not guilty" in a London court to charges that he had sought to manipulate Libor benchmark interest rates with peers from around 10 leading banks and brokerages.

  • *Gold and oil ease back after recent push. LONDON, Dec 17- European shares and bonds got off to a weak start and the dollar hovered cautiously on Tuesday as the Federal Reserve prepared for a two-day meeting where it may start to wind down its stimulus programme.

  • JP Morgan bans multi-dealer online chat rooms - source Tuesday, 17 Dec 2013 | 6:01 AM ET

    LONDON, Dec 17- JP Morgan Chase, the biggest U.S. bank by assets, is banning the use of multi-dealer online chat rooms and the use of such chat rooms among staff for social purposes, a person familiar with the matter told Reuters on Tuesday.

  • MOSCOW, Dec 17- Gazprom, the world's top gas producer, could sign a contract with China at the end of February, Chief Executive Alexei Miller was quoted as saying by Interfax news agency on Tuesday.

  • PRECIOUS-Gold edges lower ahead of Fed policy meeting Tuesday, 17 Dec 2013 | 5:50 AM ET

    LONDON, Dec 17- Gold prices eased on Tuesday ahead of this week's Federal Reserve policy meeting, on expectations that the U.S. central bank may soon be set to taper its bullion-friendly economic stimulus programme. Spot gold was down 0.3 percent at $1,236.30 an ounce at 1022 GMT, while U.S. gold futures for February delivery were down $8.10 an ounce at $1,236.30.

  • LONDON, Dec 17- Copper was steady near a 2- month peak on Tuesday, as upbeat economic data from the United States brightened the outlook for metals demand but also raised the chances the Federal Reserve will curb its commodity-friendly stimulus programme soon.

  • TOKYO, Dec 17- Iraq is keen to see oil shipped via pipeline from the northern Kurdish region but any exports must be approved by Baghdad, Deputy Prime Minister for energy Hussain al-Shahristani said, after flows on the pipeline started on Friday.

  • The Delaware Supreme Court on Monday dismissed Cooper's appeal against an earlier lower court ruling that Apollo was meeting its obligations to reach new contract terms with unions at Cooper plants in Ohio and Texas.

  • GM corn, feta cheese: hurdles for EU-U.S. trade talks Tuesday, 17 Dec 2013 | 5:25 AM ET

    U.S. and European Union negotiators will determine a list of sticking points this week in Washington during their third round of talks, and food issues are expected to be chief among them.

  • KUALA LUMPUR, Dec 17- Genting Bhd, Southeast Asia's largest gaming and leisure group, will spend $3 billion to $4 billion developing an unfinished resort on the Las Vegas strip, its chief executive said on Tuesday.

  • More than a year ago, FCC circulated a draft that would eliminate the ban on owning a radio station and a newspaper in the same market. However, on Monday, FCC said it has taken the item off the table while it reassesses the issue, the Journal said.

  • LONDON, Dec 17- "Life in Luxembourg is simply different," says its government website. The profits that escape tax have often not been earned in Luxembourg, but in countries like Britain, the United States and Germany.

  • UPDATE 3-Brent slips below $109 ahead of Fed meeting Tuesday, 17 Dec 2013 | 4:49 AM ET

    *Speculation Fed may start to reduce $85 billion- a-month stimulus. LONDON, Dec 17- Brent oil slipped below $109 a barrel on Tuesday, ahead of a key U.S. Brent futures for January traded 59 cents down at $108.82 by 0931 GMT, after settling $1.64 higher on Monday, its biggest daily gain in two weeks.

  • LONDON, Dec 17- The euro rose against the dollar on Tuesday as investors anticipated an improved reading in German economic sentiment while uncertainty about a Federal Reserve decision on bond-buying kept the dollar in tight ranges. The euro rose 0.1 percent against the dollar to $1.3772.

  • European shares fall; CGG tumbles 14 pct Tuesday, 17 Dec 2013 | 4:10 AM ET

    PARIS, Dec 17- European shares fell on Tuesday, trimming some of the previous session's gains as investors were on edge ahead of a Federal Reserve policy meeting at which the central bank could decide to start trimming its stimulus.

  • LONDON, Dec 17- GlaxoSmithKline will stop paying doctors to promote its products at events and remove individual sales targets for its marketing staff in a first for the drugs industry looking to recover from scandals over improper sales practices.

  • *He may also decide to launch a new airline in Europe. *Efromovich wants to gain market share in Europe. WARSAW, Dec 17- The owner of Colombian airline Avianca is considering taking over Italian airline Alitalia or Polish state-owned LOT to boost his presence in Europe, he was quoted as saying in a Polish newspaper on Tuesday.

  • European shares retreat; all eyes on Fed Tuesday, 17 Dec 2013 | 3:27 AM ET

    PARIS, Dec 17- European shares fell in early trade on Tuesday, trimming some of the previous session's gains as investors were kept on edge ahead of a Federal Reserve policy meeting at which the Fed could decide to start trimming its stimulus.

  • BAKU, Dec 17- Backers of Azerbaijan's Shah Deniz II gas project signed a final investment decision on Tuesday, with a view to pumping natural gas to Europe from 2019, while Norway's Statoil made the surprise announcement it was cutting its stake to 15.5 percent.

  • MADRID, Dec 17- Spanish drugs company Almirall is buying U.S. group Aqua Pharmaceuticals for up to around $400 million in a deal which will help open the U.S. market for a group which is already in both Mexico and Canada.

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