Latest Business News Wires - Business Headlines


  • HWASEONG, GYEONGGI, March 11- South Korea's Hyundai Motor Co plans to launch its first battery-powered electric vehicle in 2016, as the auto maker plays catch up in a nascent market already tapped by the likes of BMW and Nissan Motor Co Ltd..

  • NEW YORK, March 11- Several U.S. institutional investors said they are closely monitoring the developments at Pimco, the world's largest bond firm, in the wake of Mohamed El-Erian's abrupt resignation as CEO and ensuing acrimony between him and co-founder Bill Gross.

  • HONG KONG, March 11- Hong Kong and China shares rebounded early on Tuesday, led by some mid-sized bank stocks on expectation the country's annual parliamentary session will not unveil more aggressive reforms that could trim margins or restrict their lending.

  • JAKARTA, March 11- U.S. mining giant Freeport-McMoRan Copper and Gold Inc has cut production at its Indonesian copper and gold mine by around 60 percent, a union official told Reuters on Tuesday, two months after halting exports over a dispute with the government on a new export tax.

  • --Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, March 11- The reaction of commodities to the Chinese trade data show that sentiment and fundamentals are diverging, with the fear trade winning so far.

  • *China bonded copper premiums slide $15 to $120- $140- Shmet. SYDNEY, March 11- London copper edged up on Tuesday after sliding to its lowest in more than eight months in the previous session, although worries about the economic health of top metals consumer China continued to sour investor sentiment and cap gains.

  • TOKYO, March 11- The Bank of Japan maintained its massive monetary stimulus on Tuesday on the view that growth in the economy and consumer prices remains on track, but it downgraded its view of exports in a warning that external demand will continue to disappoint.

  • JGBs little changed, BOJ stands pat as expected Tuesday, 11 Mar 2014 | 12:08 AM ET

    TOKYO, March 11- Japanese government bonds were little changed on Tuesday, drawing little impetus from the Bank of Japan which left monetary policy unchanged as widely expected. The benchmark 10- year cash yield inched up 0.5 basis point to 0.625 percent, with a rise in Tokyo's Nikkei stock average mildly capping the bond market.

  • The influential American Society of Clinical Oncology, in a report released on Tuesday, cited estimates that cancer will become the leading killer in the United States by 2030 as the population ages, while treatment costs reach new heights.

  • SINGAPORE, March 11- Brent futures were steady on Tuesday and held above $108 a barrel as a worsening crisis over Ukraine stoked supply disruption fears, while concerns over demand growth from the world's two biggest oil consumers kept a lid on gains.

  • BOJ keeps policy on hold, downgrades exports Monday, 10 Mar 2014 | 11:12 PM ET

    TOKYO, March 11- The Bank of Japan kept its monetary stimulus in place on Tuesday as the overall economy is recovering but downgraded its view of exports given recent weak shipments to Asia. The BOJ, as expected, voted unanimously to maintain its pledge of increasing base money, its key policy gauge, at an annual pace of 60 trillion to 70 trillion yen.

  • SAN FRANCISCO, March 10- Microsoft Corp is betting on making sci-fi combat game "Titanfall" a hit big enough to boost sales of its Xbox One videogame device, helping it catch up in terms of sales with rival Sony Corp's PlayStation 4 console.

  • BEIJING, March 11- China's central bank governor said on Tuesday that the country's deposit rates are likely to liberalised in one to two years- the most explicit timeframe to date.

  • BEIJING, March 11- Following are comments from a media conference by Zhou Xiaochuan, the governor of the People's Bank of China, Deputy Governor Yi Gang, the head of China Banking Regulatory Commission, Shang Fulin, as well as the heads of China Insurance Regulatory Commission and the China Securities Regulatory Commission. For a related story, see.

  • SYDNEY, March 11- Asian markets were finding their feet on Tuesday after a rocky ride the previous session, though uncertainty about the true state of China's economy kept the mood brittle and commodity prices depressed. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent, after shedding 1.3 percent on Monday.

  • WASHINGTON, March 10- The United States held out the possibility on Monday that the U.S. and Russian foreign ministers could meet this week about Ukraine but said it needed to know Moscow would engage seriously on a diplomatic solution.

  • TOKYO, March 11- Japan's Nikkei average gained on Tuesday, reflecting hopes that the Bank of Japan could signal later in the day its readiness to adopt more stimulus, although most investors do not expect the BOJ take any action yet.

  • SYDNEY, March 11- London copper paused for breath on Tuesday, a day after it slid to 8- month lows, on speculation China's government is taking steps to soothe nerves jangled by a poor trade report that inflamed fears of flagging growth in the world's top user of metals.

  • BEIJING, March 11- China is likely to liberalise deposit rates in one to two years, central bank Governor Zhou Xiaochuan said on Tuesday at a media conference at China's annual palriament session. "Deposit rate liberalisation is on our agenda. Personally I think it's very likely to be realised within one or two years, "Zhou said.

  • DETROIT, March 10- General Motors Co on Monday said it had hired two outside law firms to probe the company's response to ignition-switch problems on cars that have been linked to 13 deaths, but both firms have done business with GM, raising questions of conflict of interest.