Latest Business News Wires - Business Headlines


  • *China's factory sector shows promise. LONDON, May 22- U.S. stocks are set to consolidate gains pending a slew of data that will be closely watched for further hints of the Federal Reserve's need to maintain some monetary support for the world's biggest economy.

  • "We sense and understand that the informal character of the pressure, which is being exerted by the United States and countries of the European Union, it is all causing serious consequences for our economy," Shuvalov was quoted as saying on the sidelines of the St Petersburg Economic Forum.

  • Starboard to launch Darden proxy fight: Source Thursday, 22 May 2014 | 8:07 AM ET

    Starboard Value is launching a fight to take over the board of Darden Restaurants over the planned sale of Red Lobster.

  • May 22- Isis Pharmaceuticals Inc said its experimental blood thinner was more effective than a commonly prescribed anticoagulant in patients undergoing total knee replacement surgery. The biotechnology company's stock rose about 2.8 percent in light trading before the bell on Thursday.


  • LONDON, May 22- European Union regulators have published 800 pages of draft rules for a sweeping reform of the bloc's securities markets, sparking a race among banks and exchanges to try to change any proposals that might damage their profitability.

  • *Best Buy falls in premarket after results. NEW YORK, May 22- U.S. stock index futures were little changed on Thursday, ahead of data on the labor and housing markets, after the S&P 500 advanced for a third time in four sessions. Dow Jones industrial average e-mini futures gained 8 points and Nasdaq 100 e-mini futures added 2.75 points.

  • LONDON, May 22- The keenly priced gas deal signed this week between Russia and China will create a new price benchmark for global markets that puts cost pressure on other producers because consumers have a growing number of supply sources to choose from.

  • *HSBC flash PMI shows Chinese factory activity steadying. LONDON, May 22- Robust expansion in Germany and the euro zone's private sector helped the euro recover from recent lows on Thursday, although growing expectations that the ECB will ease monetary policy next week kept gains muted.

  • SYDNEY, May 22- Hong Kong Exchanges and Clearing Ltd is targeting a fourth quarter launch for its mini metals and coal futures contracts, pending regulatory approval, an executive said on Thursday.

  • *Beans rise for 2nd day on tight supply, China indicator. *Corn hovers near 11- week low on planting hopes.

  • HARARE, May 22- Hundreds of illegal settlers invaded sugar estates owned by the Zimbabwe units of South Africa's Tongaat Hullett this week, raising new concerns about the security of foreign investment in the southern African country.

  • LONDON, May 22- Britain's second-largest property website Zoopla plans to list its shares on the London stock market next month to tap into rising confidence in the country's housing sector, potentially valuing the group at about 1 billion pounds.

  • May 22- Isis Pharmaceuticals Inc said its experimental blood thinner was more effective than an approved drug in patients undergoing total knee replacement surgery.

  • ISTANBUL, May 22- Turkey's central bank lowered its main interest rate for the first time in a year on Thursday despite stubbornly high inflation, in a surprise move weeks after Prime Minister Tayyip Erdogan called for a rate cut.

  • *French data brings ECB outlook back into focus. *Some in the market remain nervous about EU elections. LONDON, May 22- Yields on the euro zone's lower-rated bonds stabilised on Thursday as expectations the European Central Bank will ease monetary policy overshadowed concerns about EU elections.

  • Putin gives big China role to sanctions-hit Timchenko Thursday, 22 May 2014 | 7:14 AM ET

    ST PETERSBURG, Russia, May 22- Businessman Gennady Timchenko, who has had sanctions imposed on him by the United States, has been appointed Russia's main point person for business relations with China and expects a flurry of deals in a shift away from the West.

  • *Indian online retail growing rapidly, Amazon expanding. MUMBAI, May 22- Flipkart, India's largest e-tailer, on Thursday acquired the country's biggest fashion portal Myntra, as Amazon.com Inc's rapid expansion in the country stokes consolidation in the e-commerce industry.

  • *France contracts, Germany bounds ahead. LONDON/ BEIJING, May 22- Private business activity in the euro zone grew at just under its fastest pace in three years this month, while contraction in China's vast manufacturing sector slowed to its weakest pace this year, surveys showed on Thursday.

  • *Cuts in waste spending could trim borrowing by $4 bln. NEW DELHI, May 22- India's finance ministry is working on a proposal for the new government to cut welfare spending and rein in the deficit in its first budget, to allay fears of fiscal slippage that would increase the risk of a sovereign credit downgrade.