Latest Business News Wires - Business Headlines


  • MEXICO CITY, June 12- Mexico's telecom regulator said on Thursday it would postpone the first stage of a tender for two new national TV channels from June to September, citing a delay in laws that should set out details of a sector overhaul approved in 2013..

  • JGBs supported on Iraq, 30-year bonds outperform Thursday, 12 Jun 2014 | 10:22 PM ET

    TOKYO, June 13- Japanese government bond prices were mostly higher on Friday, after concerns over the crisis in Iraq boosted U.S. bond prices, with some investors rotating to 30- year maturities from the 10- year zone, as they awaited the outcome of a Bank of Japan policy meeting.

  • SYDNEY, June 13- London copper edged up on Friday but was still set for its third-straight weekly loss as seasonally strong demand from China passes its peak and on concerns about the pace of growth in the world's No.2 economy. *The most-traded August copper contract on the Shanghai Futures Exchange slipped 0.3 percent to 47,510 yuan a tonne.

  • TOKYO, June 13- Japan's Nikkei share average fell to a fresh 2 1/ 2- week low on Friday morning as fears for Iraq escalated, with oil shares soaring on rising oil prices.

  • LIMA, June 12- Peru plans to apply fewer environmental fines and ensure development rights in protected nature reserves as part of a bid to encourage mining and energy investments, the government said on Thursday.

  • June 12- Twitter Inc on Thursday announced the abrupt departure of two senior executives, including the chief operating officer who had been responsible for the social media company's efforts to revive flagging user growth.

  • MEXICO CITY, June 12- Mexico's telecom regulator said on Thursday it would postpone the first step for its tender of two new national TV channels until September from June, citing a delay in new laws that should set out details of a sector overhaul approved in 2013..

  • LOS ANGELES, June 12- Walt Disney Co expects global retail sales from its 10- month-old Infinity video game to reach $1 billion even as rivals also combine physical toys with video games, Jimmy Pitaro, president of the company's interactive unit, said in an interview.

  • NYMEX-US crude hits 9-month high amid Iraq unrest Thursday, 12 Jun 2014 | 8:55 PM ET

    SINGAPORE, June 13- U.S. crude futures rose by more than a dollar on Friday to the highest in nearly nine months amid upheaval in Iraq that threatens to disrupt supply from the second biggest OPEC producer.

  • The bitcoin were seized during an FBI raid in October on the Internet marketplace Silk Road, known as a hub for transactions involving illegal drugs and criminal activities.

  • SINGAPORE, June 13- Palladium and sister metal platinum regained some strength on Friday after falling sharply in the previous session, as South African producers struck a deal with the union to end a crippling five-month strike. *Palladium rose $5 an ounce to $827.00 by 0015 GMT.

  • *Regional focus on BOJ Governor, China data. TOKYO, June 13- Asian equities fell and crude oil hovered near nine-month highs early on Friday as escalating civil war in Iraq hit risk appetite. Taking its cue from an overnight slide in U.S. stocks, MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.2 percent.

  • The estimated value of the missile deal was $82 million.- It has delivered to Iraq 24 IA-407 armed reconnaissance helicopters.- It has provided Iraq with sniper rifles, M-16 rifles, M-4 rifles, millions of rounds of small arms ammunition and thousands of tank rounds.- Ten Scan Eagle reconnaissance drones, launched with a trailer-mounted pneumatic catapult, are to be delivered to Iraq later in the year.- U.S. special operations forces began a month of counterterrorism training for a group of Iraqi military troops on Monday in Jordan.

  • *Iraq tensions underpin traditionally safe-haven yen. TOKYO, June 13- The dollar steadied in Asian trading on Friday but remained near two-week lows against the yen after tensions rose in Iraq and downbeat U.S. economic data gave investors no reason to believe the Federal Reserve will be raising interest rates anytime soon.

  • SHANGHAI, June 13- China's crackdown on corruption in the pharmaceutical sector has frightened foreign executives so much that some fear they could be jailed and have asked their lawyers if they should leave the country for six months.


  • CARACAS, June 12- Venezuela's annualized inflation hit 60.9 percent in May while the monthly figure reached 5.7 percent, the central bank said on Thursday, reaching a five-year high as President Nicolas Maduro struggles to control runaway prices.

  • DIARY - Top Economic Events to June 25 Thursday, 12 Jun 2014 | 8:01 PM ET

    Treasury Under Secretary for Domestic Finance Mary Miller speaks before the 42nd Annual National Housing Conference Policy Symposium- 1315 GMT. DUBROVNIK, Croatia- 20th Dubrovnik Economic Conference organized by the Croatian National Bank in Dubrovnik, Croatia.

  • CARACAS, June 12- Venezuela's annualized inflation rate reached 60.9 percent in May, the central bank said on Thursday, with consumer prices rising by 5.7 percent both in May and in April.

  • American Securities has had advanced discussions with investment banks about merging Metaldyne LLC, HHI Group Holdings LLC and Grede Holdings LLC, and has drawn up plans for a subsequent initial public offering, the people said this week.