Latest Business News Wires - Business Headlines


  • BEIJING, May 20- China summoned the U.S. ambassador the United States accused five Chinese military officers of hacking into American companies to steal trade secrets, warning Washington it could take further action, the foreign ministry said on Tuesday.

  • *Vodafone, Apple, BHP Billiton screen as reliable payers. LONDON, May 20- Global investors are hunting for reliable dividend payouts as they grapple with jittery equity markets and meager bond yields, marking the revival of an investment style that has been shunned for the past two years.

  • LONDON, May 20- British repair and insurance company Homeserve plans to double the size of its U.S. sales force in its new financial year, after strong growth there and in Spain helped to lift annual revenues by 4 percent.

  • LONDON, May 20- Britain's Vodafone said next year's earnings would be hit by vital investment in its network, as it reported a 6.6 billion-pound dent to its 2014 results from writing down the value of European operations struggling in a tough market.

  • JOHANNESBURG, May 20- South African platinum miner Lonmin has dismissed 235 essential services workers who were on an unsanctioned strike and defied a court order to return to their jobs, it said on Tuesday.

  • SHANGHAI, May 20- A tense stand-off between the United States and China over state-backed cyber espionage has dragged China's secretive hacking unit "61398" back into focus, after the military group was pinpointed last year for mounting cyber attacks on Western commercial targets.

  • MUMBAI, May 20- Even as money floods into India, its central bank is bracing for the worst, building up currency reserves and drafting a game plan to protect the rupee against the sort of rout that alarmed policymakers and investors last year. Reserve Bank of India Gov.

  • *To pay $10.50 per Aeroflex share, 26 pct above Mon close. LONDON, May 20- British aerospace and defence supplier Cobham is buying U.S. communications equipment maker Aeroflex Holding Corp for $1.46 billion, continuing its quest for more commercial customers as its main defence clients cut spending.

  • European shares slip, Vodafone drops after results Tuesday, 20 May 2014 | 5:05 AM ET

    Credit Suisse up after tax settlement. LONDON, May 20- The pan-European FTSEurofirst 300 index slipped on Tuesday as Vodafone, the world's second-largest mobile network operator, sank after reporting huge impairment costs.

  • Speaking after a two-day meeting in Singapore, the ministers said recent bilateral talks between the United States and Japan helped breathe life into the stalled talks for the ambitious Trans-Pacific Partnership trade pact. But it hasn't been possible to reach an agreement on doing so, as the idea faces opposition, particularly in Japan.

  • *Total moves staff from Tripoli; Sonatrach withdraws staff from Libya. *Statoil shuts Snorre B platform in North Sea after oil leak. LONDON, May 20- Brent oil held steady above $109 a barrel on Tuesday, as unrest and low output in OPEC exporter Libya offset downward pressure from expectations of a weekly build in U.S. crude stocks to a record high.

  • *Investors warily eye Thailand martial law declaration. LONDON, May 20- European shares and southern European bonds made tentative progress on Tuesday, as expectations the European Central Bank will provide fresh support in coming weeks helped counter uncertainty over European Union elections.

  • German exports to Russia slumped 13 pct in Q1 Tuesday, 20 May 2014 | 4:12 AM ET

    BERLIN, May 20- German exports to Russia slid 13 percent in the first quarter of the year, led by sharp falls in cars and machinery, as the Ukraine crisis pushed the rouble currency down to record lows. The Russian rouble sank to record lows in February and March on fears of the economic fallout from Russia's standoff with the West over Ukraine.

  • PARIS, May 20- French nuclear group Areva could be interested in a deal for Alstom's wind turbines unit, its CEO said on Tuesday, while adding Areva was not directly involved in talks over the possible sale of Alstom's energy business.

  • HONG KONG, May 20- Hong Kong's benchmark index rose to a five-week closing high on Tuesday, helped by China Mobile after a broker upgrade pushed shares of the telecom giant to their highest since January. The Hang Seng Index ended up 0.6 percent at 22,834.68 points, its highest close since April 14.

  • FRANKFURT, May 20- Commerzbank is in the final stages of selling a portfolio of Spanish property loans for up to 3.9 billion euros to JP Morgan and private equity firm Lone Star, sources close to the matter said on Tuesday. One of the sources said that Lone Star would be taking on a team of roughly 25 people from Commerzbank as part of the deal, to help manage the loans.

  • Other majors were back in tight ranges, although some players said the euro was again looking shaky after two weeks of hints of more monetary easing by the European Central Bank which have shaken bets the single currency would top $1.40.

  • SINGAPORE, May 20- Rubber prices are likely to struggle near multi-year lows in the short-term, hurt by worries over China's economy and Thailand's plan to make huge sales from its state stockpiles, an industry body said on Tuesday.

  • LONDON, May 20- Yields on the euro zone's lower-rated bonds inched lower on Tuesday, but stayed well above their record lows as investors grew nervous about the outcome of this week's European elections. But political fears have clearly come to the surface, "said Nick Stamenkovic, a bond strategist at RIA Capital Markets.

  • SHANGHAI, May 20- China and Russia have not yet clinched a price agreement on a long-awaited multi-billion dollar gas supply contract, a Russian government official said on Tuesday, amid growing urgency for the Kremlin to seal a deal as it comes under pressure from Western nations over the crisis in Ukraine.