Latest Business News Wires - Business Headlines


  • KUWAIT, Dec 2- Kuwait Airways has signed a contract with Airbus to buy 25 new aircraft and lease 12 other new planes in the biggest overhaul of its fleet since the 1990 Iraqi invasion, the state-owned carrier said on Monday.

  • Global manufacturing PMI at highest since May 2011 Monday, 2 Dec 2013 | 11:23 AM ET

    JPMorgan's Global Manufacturing Purchasing Managers' Index rose to 53.2 from October's 52.1, above the 50 mark that indicates growth for the 11th month and notching up its highest reading since May 2011. Near-term momentum remains positive, "said David Hensley, a director at JPMorgan.

  • *Retailers down; Tesco, Debenhams fall after downgrades. LONDON, Dec 2- European shares edged lower on Monday as German steelmaker ThyssenKrupp plummeted after failing to find a buyer for its problematic Brazilian mill and British retailers were hit by margin worries.

  • KIEV, Dec 2- Ukrainian protesters blockaded the main government building on Monday, seeking to force President Viktor Yanukovich from office with a general strike after hundreds of thousands demonstrated against his decision to abandon an EU integration pact.

  • TRIPOLI, Dec 2- Libya is exporting 130,000 barrels per day of oil as strikes at its main ports and fields coupled with domestic refinery demand keep shipments at a fraction of July's levels, the country's deputy oil minister said on Monday.

  • NEW YORK, Dec 2- The yen tumbled on Monday after sources told Reuters the Bank of Japan was considering expanding its already massive economic stimulus, while U.S. stocks slipped after eight straight weeks of gains. Gold fell nearly 2 percent to below $1,230 an ounce, undermined by concerns that a stronger U.S. economy will lead the Fed to reduce its stimulus.

  • KUWAIT, Dec 2- Kuwait Airways said on Monday it had signed a contract with Airbus to buy 25 new aircraft and lease 12 other new planes.

  • LONDON/ NEW YORK, Dec 2- Increased demand boosted global manufacturing activity last month as U.S. factories expanded at their fastest pace in 2-1/ 2 years and Chinese output suggested improvement in the world's second largest economy.

  • TORONTO, Dec 2- Barrick Gold Corp, the world's largest gold producer, is poised to announce a board shuffle and name a new chief operating officer, according to several sources familiar with the situation.

  • NEW YORK, Dec 2- U.S. stocks were flat on Monday, in the wake of eight straight weeks of gains, after data indicated strengthening growth in manufacturing and construction spending increased.

  • MOSCOW, Dec 2- Massive protests against Viktor Yanukovich hammered Ukraine's financial markets on Monday, increasing the risk of a currency crisis as the president tries to hold on until an election in early 2015..

  • WASHINGTON, Dec 2- A gauge of U.S. factory activity hit a 2-1/ 2- year high in November and construction spending increased solidly in October, brightening the economic outlook as the year winds down.

  • VICTORIA, Dec 2- Seychelles rejected charges on Monday that it was one of the world's five most secretive tax havens for the super rich, saying the Indian Ocean archipelago had nothing to hide.

  • Dec 2- Forest Laboratories Inc, which is facing patent expirations on several of its biggest drugs, on Monday said it planned to buy rights to a new schizophrenia drug from Merck& Co and cut its annual operating costs by $500 million in 2016..

  • FACTBOX-Emerging pension assets as a share of GDP Monday, 2 Dec 2013 | 10:22 AM ET

    LONDON, Dec 2- Pension funds in some emerging economies have grown strongly as a percentage of gross domestic product, but others have been stagnant, data from the OECD shows. To read an article on the urgency of pension reform, please click:. *data until 2011 Source: Organisation for Economic Co-operation and Development.

  • LONDON, Dec 2- As a decade's worth of easy foreign money starts to ebb away from emerging economies, their governments are renewing efforts to deepen domestic savings pools- even if change is painfully slow.

  • *Gabon debt seen less attractive than Nigeria, Angola. JOHANNESBURG, Dec 2- Gabon plans to raise at least $500 million via a new 10- year Eurobond to fund infrastructure investment and will buy back up to $140 million of its 2017 Eurobond, according to a preliminary prospectus seen by Reuters.

  • WASHINGTON, Dec 2- Jeffrey Zients, charged with fixing the troubled HealthCare.gov website, will be replaced when he leaves to start his new job as a top economic adviser to President Barack Obama, a White House official said on Monday.

  • *Bank of Japan planners consider options to expand stimulus. NEW YORK, Dec 2- The dollar climbed to a more than six-month high against the yen on Monday on speculation the Bank of Japan may expand its already massive economic stimulus.

  • Euro shines in 2013, complicating deflation fight Monday, 2 Dec 2013 | 10:12 AM ET

    LONDON, Dec 2- The euro is poised to become the best performing major currency of 2013, defying expectations of weakness for another year but complicating the European Central Bank's fight to avert deflation. Federal Reserve and the Bank of Japan, making the euro a more attractive investment.

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