Latest Business News Wires - Business Headlines


  • 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.

  • 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.

  • *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.

  • DETROIT, Dec 2- Chrysler Group LLC said on Monday it will offer a new small commercial van for the North American market based on parent Fiat's Doblo van. The Ram ProMaster City will be built at a Fiat joint venture plant in Turkey. The plant, called Tofas, is a joint venture of Turkish conglomerate Koc Holding AS and Fiat SpA.

  • 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.

  • WASHINGTON, Dec 2- The U.S. Supreme Court declined on Monday to tackle the long-standing question of whether Internet retailers like Amazon.com Inc should be required to collect sales taxes in states where they have no physical presence.

  • U.S. Supreme Court throws out Ford tax ruling Monday, 2 Dec 2013 | 10:04 AM ET

    WASHINGTON, Dec 2- The U.S. Supreme Court on Monday sent a $470 million tax dispute between Ford Motor Co and the Internal Revenue Service back to a lower court for further review. Ford was denied a $470 million interest payment by a Michigan district court in 2010. The U.S. appeals court ruled against Ford in December 2012.

  • BANGKOK, Dec 2- Thai Prime Minister Yingluck Shinawatra said on Monday she would "open every door" to find a peaceful solution to a political crisis gripping Bangkok as police used rubber bullets against protesters seeking to topple her government.

  • *Zain is Sudan's top mobile operator, lacks fixed line. *Canar is Sudan's No.1 fixed line operator. DUBAI, Dec 2- Etisalat could resurrect talks to sell its Sudanese telecom arm Canar to Kuwait's Zain, as both sides remain keen on a deal despite a breakdown in negotiations earlier this year, a source close to the matter said.

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