GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Pimco launches first closed-end fund in Canada Friday, 21 Mar 2014 | 1:40 PM ET

    March 21- Pacific Investment Management Co on Friday launched the Pimco Global Income Opportunities Fund, one of the largest closed-end funds to list on the Toronto Stock Exchange, according to a statement by the firm.

  • LONDON, March 21- European shares edged higher in choppy trading on Friday and recorded their biggest weekly gain in a month, helped by a rally in basic resources stocks and some positive technical buying signals.

  • SAN FRANCISCO, March 21- Twitter said on Friday that it hopes access to its service in Turkey will be restored soon. "We stand with our users in Turkey who rely on Twitter as a vital communications platform. We hope to have full access returned soon, "the company said in a tweet on Friday.

  • WASHINGTON, March 21- A Senate proposal to overhaul the U.S. housing finance system would make mortgages more expensive and less available, especially in minority communities, a coalition of consumer advocates and civil rights groups warned on Friday.

  • MOSCOW/ BRUSSELS, March 21- President Vladimir Putin signed laws completing Russia's annexation of Crimea on Friday, as investors took fright at a U.S. decision to slap sanctions on his inner circle of money men and security officials.

  • March 21- Nordstrom Inc is postponing the opening of its discount Rack stores in Canada until 2017, to focus on the launch of its full-line department stores there, its first department stores abroad.

  • March 21- Endocyte Inc's shares more than doubled after the company said its cancer drug was recommended for conditional approval in Europe for ovarian cancer and that the drug improved survival rates in lung cancer patients.

  • PARIS/ GENEVA, March 21- CME Group Inc, the world's largest futures exchange operator, is working on plans to launch a European milling wheat contract in a direct challenge to Euronext's Paris- based wheat market, several sources familiar with the matter said.

  • *Barroso, Van Rompuy smile when asked about Italy budget. *PM Renzi says Italy will respect 3 pct deficit limit. However the reaction in Italy reflected questions over how well Renzi's fast-talking style and his promises to end the austerity policies which have dominated the EU's response to the euro zone debt crisis will go down in Brussels.

  • LONDON, March 21- European shares headed for their biggest weekly gain in a month on Friday, supported by a rally in basic resources stocks and some positive technical buying signals.

  • TORONTO, March 21- The Canada Pension Plan Investment Board has agreed to buy U.S. life insurance and reinsurance provider Wilton Re Holdings Ltd for $1.8 billion from a group of private equity firms, the first foray by the global dealmaker into the U.S. insurance business.

  • UK budget may hit funding for infrastructure revamp Friday, 21 Mar 2014 | 12:07 PM ET

    LONDON, March 21- Britain's government may have damaged its own ambitions to revamp the country's infrastructure using private sector money after new economic policies hobbled a key industry's incentive to invest.

  • REFILE-Sanctions bind Russia nation together, for now Friday, 21 Mar 2014 | 11:54 AM ET

    MOSCOW, March 21- Far from dividing Vladimir Putin's inner circle, U.S. sanctions are drawing them ever closer together behind the former KGB spy and his drive to create a Great Russia.

  • Sanctions Russia nation together, for now Friday, 21 Mar 2014 | 11:52 AM ET

    MOSCOW, March 21- Far from dividing Vladimir Putin's inner circle, U.S. sanctions are drawing them ever closer together behind the former KGB spy and his drive to create a Great Russia.

  • MEXICO CITY, March 21- Mexico's central bank kept interest rates on hold on Friday as policymakers pointed to slack in the economy while noting that a recent spike in inflation had eased and was unlikely to spur wider price pressures.

  • FOREX-Dollar rally fizzles as euro comes off lows Friday, 21 Mar 2014 | 11:36 AM ET

    NEW YORK, March 21- The dollar's three-day rally sputtered on Friday as the euro rose against the greenback on after data showed a record euro zone current account surplus in January. The euro, which earlier this week had been trading just shy of $1.40, was up 0.22 percent to $1.3809.

  • NEW YORK, March 21- Crude oil futures surged more than $1 on Friday as traders scrambled to cover short positions ahead of the weekend after U.S. sanctions against Russia, the world's second-largest oil exporter, renewed fears of a supply disruption. "The uncertainty is definitely back," said Abhishek Deshpande, a commodities analyst at Natixis in London.

  • *Ghana also put hold on planned 2014 $1 bln Eurobond. ACCRA, March 21- Ghana has cancelled plans to issue a 5- year domestic bond worth 300 million cedis this month, the central bank said on Friday, a move analysts said was to avoid a further spike in already high yields. Abalo said Ghana's finance ministry had made the decision not to go ahead with the auction.

  • *Stocks buoyed as fear of further Ukraine tensions ebb. Brent remained on track for a fourth weekly loss, however, and President Vladimir Putin signed laws completing Russia's annexation of Crimea on Friday.