Latest Business News Wires - Business Headlines


  • BERLIN, Dec 1- An American who won this year's Nobel Prize for economics believes sharp rises in equity and property prices could lead to a dangerous financial bubble and may end badly, he told a German magazine. He had also looked at "drastically" higher house prices in Rio de Janeiro and Sao Paulo in Brazil in the last five years.

  • BERLIN, Dec 1- A majority of Social Democrat supporters back the deal agreed last week with German Chancellor Angela Merkel's conservatives, polls showed on Sunday, signalling grassroots members may vote for the "grand coalition" in a ballot.

  • VANCOUVER, Dec 1- British Columbia is finalizing tax rules for companies seeking to export Canadian natural gas to Asia. Other countries, including the United States, are ahead of Canada in the race to export liquefied natural gas, a fuel that fetches far more in energy hungry Asia than in North America.

  • VANCOUVER, Dec 1- British Columbia, Canada's westernmost province, is working on a tax framework for a dozen new gas export terminals along its Pacific coastline. The majority of these proposed terminals would be in the Prince Rupert and Kitimat areas, port communities along Canada's west coast. Corp, Korea Gas Corp, PetroChina.

  • IC Power wins $1 bln power plant deal in Peru Sunday, 1 Dec 2013 | 7:40 AM ET

    JERUSALEM, Dec 1- IC Power has won a government tender worth $1 billion over 20 years to build a power plant in Peru that will provide reserves for the national power grid, IC Power's parent company Israel Corp said on Sunday.

  • KUWAIT, Dec 1- Iran said on Sunday it wanted stronger cooperation with U.S. ally Saudi Arabia, as it seeks to ease concerns among Gulf Arab neighbours about a potential resurgence in its influence following a nuclear deal with world powers.

  • Freeport says worker dead at Indonesian copper mine Sunday, 1 Dec 2013 | 6:21 AM ET

    TIMIKA/ JAKARTA, Dec 1- A worker was killed after an incident in an underground section of Freeport McMoRan Copper and Gold Inc's giant Grasberg copper mine in Indonesia, the company said.

  • JIQUITAIA, Brazil, Dec 1- They were heckled and called slaves of a communist state when they first landed, but in the poorest corners of Brazil the arrival of 5,400 Cuban doctors is being welcomed as a godsend.

  • NEW YORK/ TOKYO, Dec 1- U.S. airlines United, American and Delta, have notified Chinese authorities of flight plans when traveling through an air defense zone Beijing has declared over the East China Sea, following U.S. government advice. He will travel to Japan, China, and South Korea and try to ease tensions, senior American officials said.

  • BEIJING, Dec 1- China's factory growth held at an 18- month high in November on firm domestic and foreign demand, defying expectations the economy faces a modest slowdown as 2013 draws to a close.

  • Growth of sales to China, the United States and the European Union all slowed whereas exports to Southeast Asia's 10- nation ASEAN bloc posted the worst decline since the 2008-2009 global financial crisis, the data showed.

  • SEOUL, Dec 1- Industrial powerhouse South Korea on Sunday published disappointing foreign trade data for the past month, dashing hopes for the global economy to pick up on a U.S. recovery and stabilising European economies.

  • Nov 30- U.S. shoppers visited more stores and spent more money at brick-and-mortar sites across Thanksgiving Day and "Black Friday" than they did in 2012 while online sales set records, data showed on Saturday.

  • TABLE-South Korea Nov exports rise 0.2 pct vs yr ago Saturday, 30 Nov 2013 | 7:10 PM ET

    SEOUL, Dec 1- Following are South Korea's preliminary export and import figures for November, released by the Ministry of Trade, Industry and Energy on Sunday:. NOV* OCT Balance 4.8 4.9 Exports 47.9 50.5 +0.2 +7.2 Imports 43.1 45.6 -0.6 +5.2* Revised figures released on Nov. 14.

  • Nov 30- The rollout of President Barack Obama's healthcare law entered a critical phase on Saturday, the deadline for substantially fixing the program's troubled enrollment website, as the administration scrambled to address the most obvious glitches.

  • Nov 30- U.S. shoppers visited more stores and spent more money across Thanksgiving Day on Thursday and on "Black Friday" than they did in 2012, research firm ShopperTrak said on Saturday. "The Black Friday shopping experience is changing with more shoppers choosing to go out on Thanksgiving Day," Bill Martin, ShopperTrak founder, said in the statement.

  • NEW YORK/ WASHINGTON, Nov 30- U.S. airlines United, American and Delta, have notified Chinese authorities of flight plans when traveling through an air defense zone Beijing has declared over the East China Sea, following U.S. government advice.

  • CARACAS, Nov 30- Venezuela's government said on Saturday it was temporarily occupying the local subsidiary of multinational packaging company Smurfit Kappa, accusing the company of using its dominant position in the market to inflate prices.

  • Nov 30- Americans got their first look on Saturday at an overhaul of the troubled enrollment website at the heart of President Barack Obama's healthcare law, but it was unclear yet if the White House had made good on its pledge to fix the glitches.

  • East African trade bloc approves monetary union deal Saturday, 30 Nov 2013 | 12:31 PM ET

    KAMPALA, Nov 30- The leaders of five East African countries signed a protocol on Saturday laying the groundwork for a monetary union within 10 years that they expect will expand regional trade.

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