Latest Business News Wires - Business Headlines


  • MOSCOW, Aug 8- The rouble looked set to end the week close to an all-time low following Moscow's decision to ban most food imports from the West in retaliation for sanctions over Ukraine and warnings from NATO that Russia appeared ready to invade its neighbour.

  • Aug 8- McDonald's Corp said its global sales forecast for 2014 was at risk after a food scare forced it to temporarily withdraw menu items such as Big Macs and Spicy McWings in China.

  • *Tensions with Russia start to bite into results.

  • TORONTO, Aug 8- Canada's economy added just 200 jobs in July, as losses in full-time work wiped out gains in part-time employment, Statistics Canada data indicated on Friday. PAUL FERLEY, ASSISTANT CHIEF ECONOMIST AT ROYAL BANK OF CANADA:. "Disappointing report, not only showing no gain in July, follows weakness in June.

  • OTTAWA, Aug 8- Canada's economy created a net 200 jobs in July, far fewer than analysts had expected, in a further sign of how employment growth has stalled, Statistics Canada data indicated on Friday. Despite an economic recovery in the United States, Canada has struggled to boost employment.

  • LONDON, Aug 8- The British government told its citizens to leave parts of Iraqi Kurdistan, including the regional capital Arbil, on Friday as the sweeping advance of Islamist militants brought them closer to Kurdish territory.

  • FOREX-Euro inches higher, eyes on Iraq, Russia Friday, 8 Aug 2014 | 8:33 AM ET

    LONDON, Aug 8- The euro gained back some ground against the dollar and sterling on Friday, while investors sought the traditional safety of the yen and Swiss franc after U.S. President Barack Obama approved air strikes in Iraq.

  • WASHINGTON, Aug 8- U.S. nonfarm productivity rebounded more strongly than expected in the second quarter, but a sharp slowdown in unit labor costs pointed to still-tame wage pressures that could give the Federal Reserve room to keep interest rates low for a while.

  • Russia, which consumes nearly 7 percent of global salmon production, banned all Norwegian seafood on Thursday, along with a wide range of agricultural products from countries which have imposed sanctions against Russia over its role in the Ukrainian conflict.

  • *Gold set to snap three-week losing streak. LONDON, Aug 8- Gold hit a 3-1/ 2 week high on Friday and was set for its biggest weekly gain in seven as the dollar and equities fell after U.S. President Barack Obama authorized air strikes in Iraq, adding to simmering international tensions and sapping appetite for risk.

  • LONDON, Aug 8- OPEC trimmed its 2014 global oil demand growth forecast for a second consecutive month and said the group managed to increase output in July despite violence in Iraq and Libya, pointing to more comfortable global supplies.

  • Aug 8- U.S. publisher Hachette Book Group, owned by France's Lagardere SCA, has dropped its plan to buy unlisted Perseus Books Group, a spokeswoman for Hachette confirmed on Friday. Amazon claims that pricing an ebook at $14.99 or $19.99 is too expensive and unjustifiable in most cases and has argued that ebooks priced at $9.99 sold more.

  • Aug 8- McDonald's Corp reported lower-than-expected global sales at established restaurants in July after a food scare forced it to temporarily withdraw menu items such as Big Macs and Spicy McWings in China. McDonald's shares were down 0.8 percent in premarket trading.

  • LONDON, Aug 8- Average daily volumes in the global foreign exchange market dropped by almost 14 percent in July, data from FX settlement system CLS showed, as traders took their summer breaks and as volatility approached historic lows.

  • LONDON, Aug 8- The European Union's trio of new financial watchdogs should have more powers over banks, insurers and markets to ensure national regulators apply EU rules, the bloc's executive body said on Friday in a review that may raise hackles in Britain.

  • European shares weaken on concerns over Iraq Friday, 8 Aug 2014 | 8:00 AM ET

    *Afren suspends output from Kurdistan, shares weaken. *Nokian Renkaat hit by plummeting sales in Russia. President Barack Obama authorized air strikes in Iraq.

  • LONDON, Aug 8- Sagging exports pushed Britain's trade deficit to a five-month high in June, suggesting a more balanced economic recovery still looks a way off, although the construction industry recovered from a dip in May.

  • Gaza war takes its toll on business and jobs Friday, 8 Aug 2014 | 7:49 AM ET

    GAZA, Aug 8- Palestinian businessman Hatem Shammaly paid $2 million a year ago for a tile factory near Gaza City. Now the once profitable business is buried under rubble after Israel bombed it.

  • *Gold shares up 22%, heavily outperform basic gold price. LONDON, Aug 8- Gold mining shares are bouncing back from a disastrous 2013 and are expected to far outperform the price of the metal in coming months as company efficiency measures lure investors back to the sector.