Latest Business News Wires - Business Headlines


  • SHANGHAI, Dec 5- China's state television accused foreign carmakers of charging domestic customers more for repair costs than in other markets, singling out Audi, Subaru and Jaguar Land Rover Ltd in the latest of a series of programmes targeting foreign firms.

  • DETROIT, Dec 5- Nearly 50 years after launching its affordable sports car, Ford Motor Co is unveiling a global redesign of the Mustang to try to burnish the U.S. automaker's image and spur sales of its more expensive models. The car will be shown in Dearborn, Michigan, Shanghai, Sydney, Barcelona, New York and Los Angeles.

  • Costco November same-store sales miss expectations Thursday, 5 Dec 2013 | 3:45 AM ET

    Dec 5- Costco Wholesale Corp's November same-store sales fell short of analysts' expectations, as lower gasoline prices and weak foreign currencies dampened a five percent increase in the company's monthly net sales. On that basis, analysts expected same-store sales to rise 3.3 percent for the month of November, according to Thomson Reuters data.

  • MADRID, Dec 5- Spanish industrial output fell in October, official data showed on Thursday, after briefly breaking 30 months of slowing activity in September, pointing to a slow and bumpy return to economic growth.

  • BEIJING, Dec 5- China's central bank warned on Thursday that financial institutions should not trade the digital currency bitcoin, saying that while it does not yet pose a threat to China's financial system, it carries risks.

  • SOFIA, Dec 5- Bulgaria's parliament voted on Thursday to impose a 20 percent charge on income from wind and solar power installations next year as the Socialist-led government struggles to keep down electricity bills.

  • UPDATE 1-New forecasts may put policy pressure on ECB Thursday, 5 Dec 2013 | 3:27 AM ET

    FRANKFURT, Dec 5- New projections from the European Central Bank on Thursday will probably point to euro zone inflation remaining below target into 2015, raising pressure on the bank to take fresh action to stimulate the economy next year.

  • *CEO says addressing technical issues to push London launch. SINGAPORE, Dec 5- CME Group says the delayed launch of its first overseas bourse could come in London in the first quarter of 2014, as the top U.S. futures market operator intensifies its focus on overseas growth.

  • McKesson launches tender offer for Celesio Thursday, 5 Dec 2013 | 3:18 AM ET

    Dec 5- McKesson Corp said it launched a tender offer to buy outstanding shares of German peer Celesio, as the largest U.S. drugs wholesaler moves ahead to prevent hedge fund Elliott International from potentially blocking the multi-billion dollar deal.

  • European shares fall for 4th day ahead of ECB, data Thursday, 5 Dec 2013 | 3:09 AM ET

    LONDON, Dec 5- European shares fell for a fourth straight day to trade near a seven-week low early on Thursday, with investors taking some money off the table before central bank rate decisions and Friday's crucial U.S. jobs data.

  • Hong Kong shares end down 0.1 pct in 3rd straight loss Thursday, 5 Dec 2013 | 3:05 AM ET

    HONG KONG, Dec 5- Hong Kong shares slipped in a third-straight loss on Thursday, with interest-rate sensitive sectors hit by lingering jitters about an earlier tapering in U.S. monetary stimulus after recent economic data came in stronger than expected.

  • China central bank warns banks against use of bitcoin Thursday, 5 Dec 2013 | 3:01 AM ET

    BEIJING, Dec 5- China's central bank warned on Thursday that financial institutions should not trade the digital currency bitcoin, saying that while it does not yet pose a threat to China's financial system, it carries risks.

  • BANGKOK, Dec 5- Thai King Bhumibol Adulyadej called on his people to do their duty for the good of the country in a birthday address on Thursday, but avoided direct reference to the latest political turmoil roiling the capital.

  • *Osborne to present upgraded budget forecasts at 1115 GMT. LONDON, Dec 5- British finance minister George Osborne is set to announce a turning point in his battle to fix the country's public finances on Thursday, but falling living standards mean he cannot declare victory.

  • SYDNEY/ SINGAPORE, Dec 5- The yen hovered above a five-year low on the euro and a six-month trough versus the dollar on Thursday, with moves lacking conviction as investors held their bets ahead of key events, including crucial U.S. jobs data.

  • SYDNEY, Dec 5- Australia has sealed a free trade agreement with South Korea that will eliminate tariffs of up to 300 percent on Australia's major exports, notably agricultural products and resources, Prime Minister Tony Abbott said on Thursday.

  • China shares ease from multi-week highs, ZTE sinks Thursday, 5 Dec 2013 | 2:08 AM ET

    HONG KONG, Dec 5- China shares slipped from multi-week highs on Thursday, led by telecoms equipment maker ZTE Corp as investors took profits after Beijing issued long-awaited 4 G licences to China's three biggest mobile operators.

  • *India gains supporters for its stance on food subsidies. A Bali trade deal, already diluted to the "low-hanging fruit" of the moribund Doha round of talks, largely hinges on India and whether the world's second most populous country can find common ground with the United States and other developed countries on food subsidies.

  • TOKYO, Dec 5- The Toyota Motor Corp group's labour federation will push for a unified rise in base wages, Japanese media said on Thursday, a major step towards permanent wage increases that will be key to ending Japan's decade and a half of deflation.

  • IMF Lagarde says Spanish banks solid and healthy Thursday, 5 Dec 2013 | 1:49 AM ET

    SEOUL, Dec 5- Spanish banks are solid and healthy thanks to effective recapitalising and restructuring efforts by the country's financial authorities, the head of the International Monetary Fund said on Thursday.

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