Latest Business News Wires - Business Headlines


  • WASHINGTON, March 26- Lifting the 40- year ban on U.S. crude exports is the fastest way the American drilling boom could be used to bolster energy security in Europe and Ukraine in the face of Russian aggression, the CEO of the biggest operator in North Dakota's vast oil fields will tell lawmakers on Wednesday.

  • On Wednesday, some of Adelson's allies in Congress, including South Carolina Senator Lindsey Graham, plan to propose legislation that would do just that.

  • WASHINGTON, March 26- A majority of Americans are skeptical about the proposed merger of Comcast Corp and Time Warner Cable Inc, and they are not convinced the U.S. government is doing enough to prevent monopolies generally, according to a Reuters/ Ipsos online poll released on Wednesday.

  • Hong Kong financial stocks strong. HONG KONG/ SHANGHAI, March 26- Hong Kong shares rose early Wednesday, aided by gains on Wall Street and solid earnings reports from Agricultural Bank of China and dairy products giant China Mengniu. The China Enterprises Index of the top Chinese listings in Hong Kong rose 1.8 percent.

  • March 26- Trustmark National Bank and Green Bank N.A. have sued security firm Trustwave for damages suffered from the holiday season data breach at Target Corp, accusing the company of failing to identify security gaps, the American Banker reported.

  • HONG KONG, March 26- China's yuan fell back behind the Swiss franc to rank as the eighth most-used world payment currency in February, likely due to the seasonal effect of the Chinese New Year, global transaction service organisation SWIFT said on Wednesday.

  • Reuters Business News Schedule at 0430 GMT/12.30AM ET Wednesday, 26 Mar 2014 | 12:30 AM ET

    SINGAPORE/ KUALA LUMPUR- Even before the loss of its Flight MH370, Malaysian Airline System was bleeding cash, prompting talk that it may need another financial rescue from state investor Khazanah Nasional Bhd, its majority shareholder.

  • JGBs inch lower on higher Tokyo stocks, softer Treasuries Wednesday, 26 Mar 2014 | 12:28 AM ET

    TOKYO, March 26- Japanese government bond prices eased on Wednesday, weighed down by a bounce in Tokyo stocks and overnight weakening in U.S. A regular bond purchasing operation by the Bank of Japan, a part of the central bank's massive monetary easing, limited JGB losses. The benchmark 10- year cash yield rose 1.5 basis points to 0.620 percent.

  • Last June the SEC put forth a plan, mostly focusing on prime funds for institutional investors, which called for two alternative proposals that could be adopted alone or in combination.

  • TOKYO, March 26- Japan's government will bring forward public works spending this year to offset the impact of a sales tax hike next month and will set a target of spending at least 10 trillion yen by the end of September, a source told Reuters on Wednesday.

  • HONG KONG, March 26- Chinese pork producer W.H. Group, which last year acquired U.S-based Smithfield Foods, has hired 28 book runners for its planned $5- 6 billion Hong Kong listing, a record number for banks working on an Asian IPO, IFR reported on Wednesday.

  • *Gold firmer on bargain hunting. SINGAPORE, March 26- Gold bounced on Wednesday from its weakest level since mid-February but signs of a recovery in the U.S. economy and an absence of support from the physical sector could limit gains and keep prices in a tight range.

  • HONG KONG, March 26- China's yuan fell against the dollar on Wednesday, after the central bank set a weaker midpoint, with traders generally seeing bigger intraday fluctuations since the currency's daily trading band was doubled.

  • NEW YORK, March 26- Mergers and acquisitions activity among developed and emerging markets fell to a record low in 2013, dropping 17.3 percent versus the prior year due to still fragile economic growth and rising political unrest, a new survey showed on Tuesday.

  • NEW YORK, March 26- For decades, Trafigura's co-founder and Chief Executive Officer Claude Dauphin has been the epitome of the successful commodity trader, a demanding workaholic who traveled to harsh frontiers in search of raw materials to sell at a profit.

  • The level of media investing activity is forging the underpinnings of "game-changing" developments for the industry, according to the Pew Research Center's State of the News Media 2014 report, which cited funding from entrepreneurs like Amazon's Jeff Bezos and eBay founder Pierre Omidyar.

  • Treasury Secretary Jack Lew was running a mild fever and will stay in the hospital overnight on Tuesday after treatment for a benign enlarged prostate, a Treasury spokesperson said.

  • Brazil's anti-spy Internet bill clears lower house vote Tuesday, 25 Mar 2014 | 11:04 PM ET

    BRASILIA, March 25- Brazil's lower chamber of Congress approved groundbreaking legislation on Tuesday aimed at guaranteeing equal access to the Internet and protecting the privacy of its users in the wake of U.S. spying revelations.

  • BEIJING, March 26- Some of China's struggling firms are finally getting the reception that regulators have been hoping for-- a cold shoulder from banks in the form of smaller and costlier loans.

  • *China stimulus hopes underpin commodities, Aussie dollar. TOKYO, March 26- Asian shares raced to two-week highs on Wednesday, with investor confidence getting a much needed boost from upbeat U.S. data and lingering hopes China may take steps to stimulate its sagging economy.