Latest Business News Wires - Business Headlines


  • *Letter sent to BCBS, IOSCO. HONG KONG, Aug 21- The international banking industry has asked regulators for more time to implement derivatives rules that could add $800 billion to the global financial industry's cost of doing business, people familiar with the matter said.

  • *U.S.- Russia ties soured by Ukraine crisis. MOSCOW, Russia, Aug 21- Russia said on Thursday it was investigating dozens of McDonald's restaurants, in what many businessmen said was retaliation for Western sanctions over Ukraine they fear could spread to other symbols of Western capitalism.

  • FRANKFURT, Aug 21- For German car parts maker ZF Friedrichshafen its attempt to buy U.S. rival TRW will take the company to the front of the grid as the race to make cars ever more intelligent and connected splits the industry into those making commoditised components and system providers which put the driver in the back seat.

  • The trial tested three doses on the drug, collagenase clostridium histolyticum, against a placebo in 150 women between the ages of 18 and 45 in the United States.

  • WASHINGTON, Aug 21- The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a sustained improvement in labor market conditions. Initial claims for state unemployment benefits declined 14,000 to a seasonally adjusted 298,000 for the week ended Aug. 16, the Labor Department said on Thursday.

  • Aug 21- Family Dollar Stores Inc rejected Dollar General Corp's acquisition offer, citing antitrust concerns, and reaffirmed its support for a buyout offer from Dollar Tree Inc..

  • ABU DHABI, Aug 21- Banking group Standard Chartered is liable to legal action in the United Arab Emirates after it agreed to close some customers' UAE accounts in an anti-money laundering settlement with U.S. regulators, the UAE central bank said on Thursday.

  • The trial tested the drug, collagenase clostridium histolyticum, against a placebo in 150 women between the ages of 18 and 45 in the United States.

  • Aug 21- An elongated area of low pressure located about 350 miles east of the Lesser Antilles has a 50 percent chance of becoming a tropical cyclone in the next 48 hours, the U.S. National Hurricane Center said on Thursday.

  • *China, Mongolia sign deals on mining, finance cooperation. *Struggling economy forces Mongolia to tilt towards China.

  • Dollar tree profit falls 2.6 pct Thursday, 21 Aug 2014 | 7:49 AM ET

    Aug 21- Dollar Tree Inc reported a 2.6 percent fall in quarterly profit as costs increased. Net income fell to $121.5 million, or 59 cents per share, in the second quarter ended Aug. 2 from $124.7 million, or $1.25 per share, a year earlier. Dollar Tree, which operates the Dollar Tree, Deal$ and Dollar Bills stores, agreed to buy Family Dollar Stores Inc in July.

  • *Jackson Hole conference to begin. *Bank of America gains before expected settlement deal. NEW YORK, Aug 21- U.S. stock index futures edged higher on Thursday, ahead of a flurry of economic data and the start of the meeting of top central bankers and economists in Jackson Hole, Wyoming.

  • The company, controlled by hedge fund manager Eddie Lampert, said quarterly revenue fell 9.7 percent, reflecting the impact of the separation of its Lands' End clothing business, store closures and sales declines at Sears Canada Inc..

  • REFILE-FACTBOX-European banks' exposure to Russia Thursday, 21 Aug 2014 | 7:45 AM ET

    Aug 21- Austria's Raiffeisen Bank International played down the significance of western sanctions on Russia to its business there despite being one of the foreign banks most exposed to the country.

  • German data helps Europe shares extend 2-week rally Thursday, 21 Aug 2014 | 7:37 AM ET

    *Raiffeisen Bank jumps on reassuring comments on Russia. PARIS, Aug 21- European stocks rose on Thursday, extending their sharp two-week rebound, boosted by better-than-expected German private sector growth figures which reassured investors about the outlook for Europe's biggest economy following a soft patch.

  • Aug 21- Eli Lilly and Co said its experimental psoriasis drug was found to be more effective in clearing skin than a generic treatment and a placebo in late-stage studies. The most common inflammatory disease in the United States- it can occur on any part of the body- it is associated with diabetes and heart disease.

  • Hong Kong, which returned to Chinese rule in 1997, has been roiled over the past year over how its next leader is chosen in 2017- by universal suffrage, as the democrats would like, or from a list of pro- Beijing candidates.

  • ABIDJAN, Aug 21- An American doctor who contracted Ebola treating victims of the deadly virus in Liberia has recovered and will be discharged on Thursday by the U.S. hospital that treated him with an experimental drug, his charity said.

  • HONG KONG/ SHANGHAI, Aug 21- China's Bank of Communications Co Ltd said on Thursday it expects bad loans to rise this year as businesses in major manufacturing regions suffer in a slowing economy, the second big lender to make such a forecast this week.

  • LONDON, Aug 21- The euro recovered from a 11- month low against the dollar on Thursday after better-than-expected German private sector growth data, although gains were limited given the numbers did little to alter expectations of more monetary stimulus.