Latest Business News Wires - Business Headlines


  • Iran currency jumps over 3 pct after nuclear deal Sunday, 24 Nov 2013 | 4:11 AM ET

    "We are feeling the positive sentiment in Iran," Nariman Aflani, foreign exchange trader at AFI Group, an Iranian civil engineering firm, said by telephone.

  • UK housebuilders' rally on shakier ground in 2014 Sunday, 24 Nov 2013 | 4:00 AM ET

    *Strong rally in UK housebuilders to slow next year. LONDON, Nov 24- UK housebuilders' shares have more than doubled in two years as home prices have recovered, but an uncertain interest rate outlook and rising costs mean gains look more modest- and more precarious- in 2014..

  • *GN Store Nord device links direct from iPhone to ear. GN Store Nord, headquartered in Ballerup, near Copenhagen, has a product it hopes will reach that demographic- famously averse to accepting the depredations of age- by taking the stigma out of wearing an aid.

  • Iran Supreme Leader Khamenei welcomes nuclear deal Sunday, 24 Nov 2013 | 3:47 AM ET

    DUBAI, Nov 24- Iranian Supreme Leader Ayatollah Ali Khamenei said on Sunday the deal reached with world powers in Geneva was the basis for further progress, and the prayers of the Iranian nation had contributed towards its success. "This can be the basis for further intelligent actions.

  • *Road projects, labour policies popular with Zambians. KATOBA, Zambia, Nov 24- John Moyo is at the end of the road. President Michael Sata's drive to upgrade the country's rough roads, which often become impassable in the rainy season, is popular with many Zambians like Moyo.

  • TEXT-U.S. fact sheet on preliminary deal with Iran Saturday, 23 Nov 2013 | 11:52 PM ET

    GENEVA, Nov 24- Iran and six world powers reached a breakthrough deal on Sunday to curb Tehran's nuclear programme in exchange for limited sanctions relief, in what could be the first sign of an emerging rapprochement between the Islamic state and the West.

  • HONG KONG, Nov 24- A group of 10 investors, including Norway's sovereign wealth fund and Och-Ziff Capital Management Group LLC, have together committed to buy about $1.1 billion into China Cinda Asset Management Corp as part of its Hong Kong IPO, people familiar with the matter said on Sunday.

  • WASHINGTON, Nov 23- A deal between Iran and six major powers halts progress on Iran's nuclear program, including its Arak reactor, a senior U.S. official said on Saturday. The official, speaking on condition of anonymity, said the deal would neutralize Iran's stockpile of 20 percent enriched uranium and calls for instrusive inspections.

  • GENEVA, Nov 24- Iran and six world powers reached a breakthrough agreement early on Sunday to curb Tehran's atomic ambitions in exchange for limited sanctions relief, in a first step towards resolving a dangerous decade-old standoff.

  • FRANKFURT, Nov 24- German labour union Verdi is preparing more strikes to step up pressure on Amazon, the world's biggest Internet retailer, in a dispute over pay and conditions, a newspaper reported. Amazon regards staff in Bad Hersfeld and Leipzig as logistics workers and says they receive above-average pay by the standards of that industry.

  • The bill raised hopes Pena Nieto was serious about breaking the hold a select few have on much of the economy, but a pile-up of pending bills in Congress has made the Dec. 9 deadline for the secondary telecoms legislation increasingly unlikely.

  • But people familiar with the discussions said that South Carolina, Alabama, Texas, Utah, California, Kansas, Missouri and Washington state are among the possibilities.

  • *Iran says its "right" to refine uranium must be recognised. GENEVA, Nov 23- Iran said on Saturday it cannot accept any agreement with six major powers that does not recognise what it describes as its right to enrich uranium, a demand the United States and its European allies have repeatedly rejected.

  • *Corruption is endemic in China. BEIJING, Nov 24- Chinese President Xi Jinping has raised expectations he will tackle corruption much more forcefully than his predecessors, but official data on investigations suggests the crackdown so far is little different to previous years.

  • INSIGHT-Kim Jong Un, North Korea's master builder Saturday, 23 Nov 2013 | 4:00 PM ET

    *Kim Jong Un makes North Korea infrastructure push. *North Korea betting on Chinese tourism to revive economy.

  • BERLIN, Nov 23- German Finance Minister Wolfgang Schaeuble said on Saturday that there were no longer any risks of contagion in the euro zone, and Greek Prime Minister Antonis Samaras stressed his country did not need a further bailout.

  • Eight of the most active business PACs wrote checks totaling $84,750 to 56 Republicans in the Senate and the House of Representatives after they voted against an Oct. 16 deal to re-open the government that had been shut down since Oct. 1 and avert an imminent debt default, according to a Reuters analysis.

  • FCC head says he's not a fan of in-flight calls Saturday, 23 Nov 2013 | 10:22 AM ET

    The head of the U.S. FCC said Friday he personally opposed cellphone use on planes but the decision would be up to airlines.

  • PARIS/ BEIJING, Nov 23- PSA Peugeot Citroen is interviewing candidates to replace Chief Executive Philippe Varin, after Chinese partner Dongfeng said a deeper alliance under negotiation should be accompanied by management change, sources with knowledge of the matter said.

  • *Nascent compromise on Iran's "right to enrich" uranium. *Fate of Iran's Arak heavy-water reactor remains dispute.

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