GO
Loading...

Latest Business News Wires - Business Headlines

More

  • NABIULLINA SAYS RUSSIAN COMPANIES ARE ABLE TO REPAY FOREIGN DEBT- TASS.

  • NABIULLINA SAYS RATE INCREASE WILL LIKELY LOWER INFLATIONARY EXPECTATIONS- TASS.

  • JAKARTA, Dec 16- Indonesia's government said on Tuesday it will buy government bonds back from the secondary market if needed as the rupiah slumps and government bond yields soar on the flight of capital from the country. Finance Minister Bambang Brodjonegoro said the rupiah's fall was also caused by expectations of more hawkish statements coming out the...

  • NABIULLINA SAYS CENTRAL BANK OVERNIGHT DECISION TO RAISE RATES WAS AIMED AT CURBING NEGATIVE EFFECT FROM ROUBLE WEAKENING- TASS.

  • RUSSIAN CENTRAL BANK GOVERNOR NABIULLINA SAYS ROUBLE'S WEAKENING IS A SIGNAL FOR ECONOMY TO ADAPT TO NEW CONDITIONS- TASS NEWS AGENCY.

  • Rouble slides vs dollar, Russian shares drop Tuesday, 16 Dec 2014 | 3:45 AM ET

    MOSCOW, Dec 16- The rouble slipped into negative territory against the dollar on Tuesday, despite an emergency rate hike by the central bank overnight, and Russian shares sold off sharply as oil prices dropped. At 0842 GMT, the rouble was down around 0.2 percent versus the dollar at 64.30 roubles per dollar after opening as much as 9 percent stronger.

  • RUSSIA'S RTS SHARE INDEX DROPPING SHARPLY, DOWN OVER 7 PCT ON DAY.

  • MOSCOW, Dec 16- The rouble hit a new record low against the euro on Tuesday and trimmed gains against the dollar after an overnight rate hike by Russia's central bank failed to bolster the currency for long as oil prices dropped sharply. The rouble opened around 9 percent stronger against the dollar following the 650 basis point rate hike, but then fell back in...

  • RUSSIAN ROUBLE HITS NEW RECORD LOW VS EURO, TRIMS GAINS VS DOLLAR.

  • BEIJING, Dec 16- Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators that will intensify calls for more stimulus measures to head off a hard landing. The flash HSBC/ Markit manufacturing purchasing managers' index fell to 49.5 in December from November's final reading of...

  • UPDATE 4-Repsol to buy Talisman Energy for $13 billion Tuesday, 16 Dec 2014 | 3:15 AM ET

    *Repsol strikes deal to buy Canada 5th largest oil producer. MADRID, Dec 16- Spanish oil company Repsol said on Tuesday it had reached a deal to buy Talisman Energy, Canada's fifth-largest independent oil producer, for $13 billion. Repsol will pay $8.3 billion Repsol for 100 percent of Talisman shares which represents a 56 percent premium to the Calgary- based...

  • LONDON, Dec 16- InterContinental Hotels Group, one of the world's largest hoteliers, has agreed to buy U.S.-focused Kimpton Hotels& Restaurants for $430 million to boost its exposure to the faster-growing boutique hotel sector. IHG, home to the Crowne Plaza, Holiday Inn and InterContinenal brands, said on Tuesday that the cash acquisition would be earnings...

  • PARIS, Dec 16- European shares inched up in early trading on Tuesday, halting their week-long sell-off, with Orange and Deutsche Telekom rallying on news of talks with BT to sell EE. Orange was up 4.1 percent and Deutsche Telekom up 1.4 percent after the two firms entered exclusive talks with BT for a potential 12.5 billion-pound sale of EE. At 0811 GMT, the...

  • The increasing disconnect between sentiment in Hong Kong and Shanghai is evident in the A-H share price index, which closed up at 119.69 on Tuesday, its highest level since November 2011. Among the most actively traded stocks on Hong Kong's main board were CCT Land, down 5.6 percent to HK $0.02 Unity Investment Holdings, down 37.0 percent to HK $0.05 and Landing...

  • *China's factory sector shrinks first time in seven months. *Russia hikes interest rates, Indonesian rupiah hits 16- year low. SINGAPORE, Dec 16- Brent crude oil prices fell over $1 per barrel and below $60 for the first time since July 2009 in early European trading on Tuesday as Chinese factory activity slowed and stumbling emerging market currencies dented...

  • MOSCOW, Dec 16- The Russian rouble trimmed its gains on Tuesday after opening 9 percent stronger against the dollar following the central bank's overnight decision to raise rates by 650 basis points, but the currency was still 46 percent down on the year. "We are not expecting a sharp recovery- a recovery towards 50 will definitely not happen," said Dmitry Stadnik, a...

  • LONDON, Dec 16- Imagination Technologies, the British company that supplies graphics processing to Apple, reported a 75 percent drop in adjusted profit in the first half, reflecting heavy investment in its product line. The company said its now complete product line would help deliver a much stronger second-half financial performance. Imagination, which...

  • LONDON, Dec 16- InterContinental Hotels Group, one of the world's largest hoteliers, said it had agreed to acquire U.S.-focused Kimpton Hotels& Restaurants for $430 million to boost its exposure to the boutique hotel space. IHG, home to the Crowne Plaza, Holiday Inn and InterContinenal brands, said on Tuesday that the cash acquisition would be earnings enhancing...

  • MOSCOW, Dec 16- The Russian central bank said on Tuesday it had conducted $2.38 billion worth of forex market interventions on Dec. 12, a day after a one-percentage point hike in its main lending rate failed to break the rouble's fall.

  • MOSCOW, Dec 16- The Russian rouble firmed sharply on Tuesday after the central bank raised its key lending rate overnight by 650 basis points. At 0702 GMT, the rouble was up 9 percent against the dollar at 58.61 after the central bank raised its rate to 17 percent following the rouble's sharpest decline in 15 years on Monday. The rouble was 7.3 percent stronger...