Latest Business News Wires - Business Headlines


  • *Poll pegs Brazil 14/ 15 coffee crop at 48.9 mln bags. NEW YORK/ LONDON, March 7- ICE arabica coffee futures rose on Friday, as resistance near the key psychological level of $2 slowed the sharp rally triggered by dry weather earlier this year in top grower Brazil.

  • Global grain prices, along with domestic ones on Ukraine's physical market, have rallied this week on the rising tensions in one of the world's top grain exporters.

  • *Commission has begun legal proceedings against Germany. BRUSSELS, March 7- EU scientists have found that the new car coolant at the centre of a dispute that has pitched regulators against Germany and its luxury carmaker Daimler does not pose any serious safety risks, the European Commission said on Friday.

  • Global grain prices, along with domestic ones on Ukraine's physical market, have rallied this week on the rising tensions in one of the world's top grain exporters.

  • FACTBOX-How women are represented in global business Friday, 7 Mar 2014 | 12:28 PM ET

    LONDON, March 7- Reuters is running a series of stories about women in finance as part of its coverage of International Women's Day on March 8. *Just one in seven delegates attending the annual World Economic Forum this year was a woman, according to Grant Thornton's report.

  • LONDON, March 7- For top Morgan Stanley financier Cecile Houlot-Hillary, every day brings pressure in the form of complex loan deals, intense competition and demands from high level clients.

  • March 7- Close-out retailer Big Lots Inc said same-store sales would stop falling in the current fiscal year as its investments to boost sales start paying off.

  • Speak up, top French advisor tells women in business Friday, 7 Mar 2014 | 12:25 PM ET

    LONDON, March 7- The first time Anne Meaux met Indian billionaire Lakshmi Mittal he laughed at her. The incident was an early example of an ability to tell unpalatable truths to powerful people that has since propelled Meaux to the position of France's top PR advisor.

  • LONDON, March 7- Women in the world of finance must not be scared to look further afield if opportunities at their current employer dry up. "I became very frustrated, so I left," says Javary, who 20 years later now advises BNP Paribas' most senior clients and coordinates the bank's corporate finance team in Europe, Middle East and Africa.

  • LONDON, March 7- A bee sting nearly killed Natalie Blyth in 2012 but the HSBC investment banker didn't take fright from the experience- she took inspiration from it. Blyth is one of the highest ranking female bankers at HSBC.

  • WINNIPEG, Manitoba, March 7- Canada's government said on Friday it would force major rail companies to ship at least 500,000 tonnes of grain each a week to help deal with a massive backlog that is hurting farmers.

  • *Putin rebuffs Obama as Ukraine crisis escalates. NEW YORK, March 7- U.S. oil rose more than $1 a barrel on Friday as tensions lingered in Ukraine and a report that U.S. job growth accelerated by more than expected in February offset a seasonal slowdown in demand for crude. The Ukraine crisis escalated as President Vladimir Putin rebuffed a warning from U.S.

  • NEW YORK, March 7- U.S. equities and other risk assets pared gains on Friday as uncertainty over Ukraine tensions outweighed stronger-than-expected U.S. jobs growth, leading investors to pull money before the weekend.

  • LONDON, March 5- Ukraine's steel exporters are trying to push into new markets such as in North Africa as a weak currency, battered by political upheaval and tensions with Russia, has pushed rebar prices to 3 1/ 2- year lows.

  • NEW YORK, March 7- InterMune Inc, a drugmaker that specializes in treating fatal scarring of the lungs, is attracting takeover interest from several pharmaceutical companies, according to people familiar with the matter. InterMune had considered selling itself about three years ago and held discussions with potential buyers.

  • March 7- Shares of digital coupon company Coupons.com Inc nearly doubled in their trading debut, valuing the company at over $2.2 billion and underscoring the popularity of technology IPOs. Coupons.com is the third technology company to go public this year, after the successful debuts of Care.com Inc and Varonis Inc..

  • WASHINGTON, March 7- The price for power plants to emit 1 ton of carbon dioxide in nine northeastern U.S. states cleared at a record $4 per short ton at the Regional Greenhouse Gas Initiative's 23rd permit auction, the market's administrator said Friday.

  • BERLIN, March 7- A German business group says the imposition of economic sanctions on Russia should the Ukraine crisis worsen would have a huge effect on the global economy. Some 6,200 German firms are active in Russia, and have invested 20 billion euros in the country, while 300,000 German jobs are dependent on trade with Russia, Cordes said.

  • FACTBOX-North America natural gas export plans Friday, 7 Mar 2014 | 11:11 AM ET

    March 7- Tensions in Ukraine have spurred U.S. officials to press the government to speed up exports of abundant U.S. natural gas to Europe as Russia moves to take control of part of the embattled nation.

  • *Gold still heads for weekly gain on Ukraine tensions. LONDON, March 7- Gold tumbled more than 1 percent on Friday after stronger-than-expected U.S. jobs data helped soothe fears of an abrupt slowdown in the world's biggest economy. Gold futures for April delivery fell $16.70 to $1,335.00 an ounce.