Latest Business News Wires - Business Headlines


  • LONDON, Nov 27- Brent oil fell below $111 a barrel on Wednesday as a higher-than-expected build in U.S. crude stocks weighed on prices, but unrest in Libya provided some support. Brent crude fell 32 cents to $110.56 a barrel by 1624 GMT, after settling 12 cents lower on Tuesday. U.S. oil was down $1.50 at $92.18 a barrel after falling as low as $92.04.

  • LONDON, Nov 27- Aluminium slid to the lowest levels in more than four years on Wednesday as speculators piled more pressure on a market weighed down by a global surplus. Three month aluminium touched a low of $1,748 a tonne, the weakest since July 2009, and was off 1.1 percent at $1,752.75 by 1616 GMT.

  • SAO PAULO, Nov 27- Brazil seems to have hit a sweet spot in private sector infrastructure investments, as local engineering firm Odebrecht Transport made the winning bid on a leg of the main highway in the heart of the country's grain belt on Wednesday. The competitive auction will favor President Dilma Rousseff as she heads into the 2014 election year.

  • Germany sets out plan to rein in surging energy costs Wednesday, 27 Nov 2013 | 11:31 AM ET

    LONDON/ FRANKFURT, Nov 27- German parties have agreed to limit the growth of renewables and reform controversial incentives for the sector by next summer in a move to slow the rise in electricity costs for households and give big utilities more time to adapt their business models.

  • Nov 27- The U.S. Justice Department is probing Morgan Stanley for its hiring practices in China as part of an industry-wide investigation by the government into whether banks' employment of politically connected Chinese breached U.S. bribery laws, according to people familiar with the matter.

  • NEW YORK, Nov 27- A judge on Wednesday approved a settlement resolving U.S. regulators' opposition to a merger between AMR Corp and US Airways Group Inc, allowing AMR, the bankrupt parent of American Airlines, to soon close on a tie-up that will create the world's largest carrier.

  • *Morocco relegated to frontier market stocks index. Morocco, which has avoided the worst of its neighbours' turmoil, became the latest casualty on Wednesday when it was relegated in the leading MSCI indices from the league of established emerging markets to the "frontier" division of economies with less developed capital markets.

  • JOHANNESBURG, Nov 27- Turkish mobile phone company Turkcell has taken to a South African court with its $4.2 billion lawsuit against rival MTN Group, alleging it was the victim of corruption and bribery that caused it to lose a contract in Iran.

  • SEATTLE, Nov 27- Icing problems that have occurred on Boeing Co 787 Dreamliner and 747-8 aircraft using engines made by General Electric Co could lead to forced landings, the U.S. aviation regulator said on Wednesday. Boeing and GE had said there were six incidents in which icing occurred, but the FAA's notice cited nine.

  • *China's imports from Hong Kong highest in 7 months. LONDON, Nov 27- Gold was flat on Wednesday, cutting initial gains as the dollar steadied after a series of U.S. economic data supported expectations the Federal Reserve will soon scale back monetary stimulus.

  • NEW YORK, Nov 27- U.S. stocks edged higher on Wednesday as a round of positive data boosted optimism about the pace of global growth and Hewlett-Packard rallied after announcing its results.

  • WASHINGTON, Nov 27- Japan's Stanley Electric Co Ltd has agreed to pay a $1.44 million criminal fine and plead guilty to a U.S. charge that it conspired to fix the prices of certain auto parts, the U.S. Justice Department said on Wednesday.

  • REUTERS BUSINESS-NEWS-SCHEDULE AT 1530 GMT / 10:30 AM EST Wednesday, 27 Nov 2013 | 10:38 AM ET

    Editor: Maureen Bavdek +1 646-223-6200 Global Picture Desk:+ 65 6870 3775 Global Graphics Desk:+ 65 6870 3595. WASHINGTON- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering signs of a steady improvement in the labor market.

  • UPDATE 1-SAP rejects calls for a pan-European IT champion Wednesday, 27 Nov 2013 | 10:33 AM ET

    FRANKFURT, Nov 27- Germany's biggest tech company, SAP, has rejected calls by domestic politicians for European IT firms to band together to better compete against U.S. tech groups in the wake of spying allegations.

  • NEW YORK, Nov 27- A judge on Wednesday approved a settlement resolving U.S. regulators' opposition to a merger between AMR Corp and US Airways Group Inc, allowing AMR to exit bankruptcy and close on a tie-up creating the world's largest carrier.

  • *Major German parties reach deal to form coalition government. *Markets wary over rising tension in East China Sea. NEW YORK, Nov 27- Agreement to form a German coalition government boosted the euro to a four-year high against the yen on Wednesday and helped buoy stocks around the world, already well bid on signs of more central bank liquidity.

  • TREASURIES-Prices dip ahead of auction, holiday closure Wednesday, 27 Nov 2013 | 10:15 AM ET

    *Treasury to auction $29 billion in seven-year notes. NEW YORK, Nov 27- Prices for U.S. "We need more data, we always need more data to confirm it seems, but 316 K claims to us means the labor market outlook is picking up," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York.

  • U.S. economic activity gauge edges up in October Wednesday, 27 Nov 2013 | 10:11 AM ET

    WASHINGTON, Nov 27- A gauge of future U.S. economic activity edged higher in October, suggesting that resilience in the housing and factory sectors was making up for businesses reticence to invest in new equipment. The Conference Board said on Wednesday that its Leading Economic Index rose 0.2 percent to 97.5 in October.

  • Ukrainian students join EU rallies, smart phones in hand Wednesday, 27 Nov 2013 | 10:05 AM ET

    KIEV, Nov 27- Student Taras Zagorbenskyy jumped on a bus from western Ukraine as soon as he saw on a social networking site that others were gathering in Kiev to protest President Viktor Yanukovich's walking away from a landmark deal with the European Union.

  • Nov 27- U.S. consumer sentiment rose in November as wealthier Americans' outlook on the economy improved, a survey released on Wednesday showed.

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