Latest Business News Wires - Business Headlines


  • *Russia says wants to engage with West. THE HAGUE/ MOSCOW, March 25- Russia and the West sought to draw a provisional line under the Ukraine crisis on Tuesday after major industrialised nations warned Moscow of tougher economic sanctions if it goes beyond the seizure of Crimea.

  • LONDON, March 25- Britain is reviewing its nuclear cooperation agreement with Russian state firm Rosatom because of the Ukraine crisis, the Department of Energy and Climate Change said. Under the deal, Britain's Office for Nuclear Regulation and the Environment Agency provided Rosatom with guidance on Britain's nuclear regulation.

  • TOKYO, March 25- Sony Corp is counting on the boom in smartphones and the market's voracious appetite for megapixels- vital to better quality video calls and "selfies"- to sustain the double-digit revenue growth in its image sensor business. Sony expects its sales of imaging sensor chips to jump 16 percent to 360 billion yen in the year ending this month.

  • NEW YORK, March 25- If there is one thing that gives brokerage executives the cold sweats at night, it is the attitude of younger Americans toward the stock market.

  • FRANKFURT, March 25- The European Central Bank could buy loans and other assets from banks to lift the euro zone economy, Germany's Bundesbank has said, marking a radical softening of its stance on the contested policy.

  • LONDON, March 25- Britain is reviewing an agreement it made with Russian state nuclear firm Rosatom on nuclear cooperation, in reaction to the crisis in Ukraine, the Department of Energy and Climate Change said.

  • BEIJING, March 25- The controversy surrounding missing Malaysia Airlines Flight MH370 has prompted many Chinese tourists, who once saw Malaysia as an attractive holiday destination, to look elsewhere, travel agents said on Tuesday.

  • UPDATE 3-Oil edges up above $107 on supply concerns Tuesday, 25 Mar 2014 | 6:23 AM ET

    LONDON, March 25- Oil edged up over $107 a barrel on Tuesday, supported by a further drop in production in Libya and speculation China will act to support its slowing economy. In Libya, oil production will be cut by about 80,000 barrels per day to about 150,000 bpd on Tuesday after a large oilfield was shut.

  • Markets were encouraged by hopes of stimulus measures in China and by a growing consensus that a rift between the West and Russia was unlikely to get out of hand. Bourses in London, Paris and Frankfurt opened around 0.9 percent higher, bouncing after Monday's 1 percent drop put the region's FTSEurofirst 300 index on track for its worst month since June.

  • Japan lifts offshore wind tariff, cuts solar prices Tuesday, 25 Mar 2014 | 6:00 AM ET

    TOKYO, March 25- Japan will lift the amount utilities must pay for electricity from offshore wind farms while cutting prices for power fed in from solar projects, as the country looks to diversify its use of renewable energy.

  • JOHANNESBURG, March 25- Platinum producers Anglo American Platinum, Impala Platinum and Lonmin said on Tuesday a strike now in its ninth week at their South African mines was causing irreparable damage to the sector and local economy.

  • ECB's Weidmann says QE not out of the question -MNI Tuesday, 25 Mar 2014 | 5:49 AM ET

    FRANKFURT, March 25- Bundesbank President Jens Weidmann said it was not' out of the question' for the European Central Bank to buy bank assets to fight deflation, in a softening of the German central bank's strict stance on the issue.

  • FOREX-Euro holds recent gains after German Ifo survey Tuesday, 25 Mar 2014 | 5:47 AM ET

    LONDON, March 25- The euro was steady on Tuesday, holding well above recent lows after a mixed German business sentiment survey, and the dollar was flat as investors awaited fresh U.S. economic data.

  • Private Chinese firm to buy 100 regional Sukhoi jets Tuesday, 25 Mar 2014 | 5:46 AM ET

    BEIJING, March 25- O-Bay Aircraft Co, a privately owned Chinese firm based in Henan province, has signed a $3.5 billion deal with Russia's Sukhoi Civil Aircraft to buy 100 SSJ-100 regional jets, a Chinese executive said on Tuesday.

  • *Eyes bolt-on acquisitions in U.S., UK, Canada. LONDON, March 25- British plumbing supplies group Wolseley is looking to buy more businesses in its core markets of the United States, Britain and Canada, the company said on Tuesday after posting an 8.8 percent rise in first-half trading profit.

  • BEIJING, March 25- Chinese President Xi Jinping will send a special envoy to Kuala Lumpur to consult with the Malaysian government over the missing Malaysia Airlines plane, state news agency Xinhua said on Tuesday. Xinhua said Xi "has ordered to send a special envoy to Kuala Lumpur".

  • NAIROBI, March 25- Standard Chartered Bank of Kenya expects east Africa's burgeoning middle class to drive growth in 2014 after it recorded a 16 percent rise in 2013 pretax profit, its chief executive said.

  • European shares bounce back on China stimulus talk Tuesday, 25 Mar 2014 | 5:18 AM ET

    *Miners gain most on China stimulus talk. LONDON, March 25- European shares advanced in cautious trading on Tuesday on expectations that recent disappointing data from China might prompt the country to launch new stimulus measures to maintain the pace of economic growth.

  • BERLIN, March 25- German business morale fell for the first time in five months in March as firms in Europe's largest economy begin to worry about the effects of the crisis in Ukraine.

  • TABLE-German Ifo business climate index falls in March Tuesday, 25 Mar 2014 | 5:06 AM ET

    BERLIN, March 25- Germany's Ifo economic research institute gave the following data from its March business climate survey on Tuesday:. GERMANY MARCH 14 FEB 14 MARCH 13 BUSINESS CLIMATE 110.7 111.3 106.7. BUSINESS CONDITIONS 115.2 114.4 109.9.