Latest Business News Wires - Business Headlines


  • TOKYO, June 9- Asian stocks basked in the glow of a record close on Wall Street after bright U.S. jobs data pointed to improving economic momentum, while the dollar gained on Monday on rising U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.2 percent, while Japan's Nikkei stock average added 0.7 percent in early trading.

  • TOKYO, June 9- The dollar edged up against the yen in early trade on Monday thanks to upbeat U.S. employment data while the euro crept up from multi-month lows, continuing to shake off the impact from the European Central Bank's monetary easing last week.

  • TOKYO, June 9- Japan's current account logged a lower-than-expected surplus in April, government data showed on Monday, as income gains from overseas investments narrowed and the trade deficit widened. The surplus stood at 187.4 billion yen, against a median forecast for 322.5 billion yen.

  • Japan Q1 GDP revised up to +1.6 pct qtr/qtr Sunday, 8 Jun 2014 | 7:54 PM ET

    TOKYO, June 9- Japan's economy grew 1.6 percent in January-March from the previous quarter, government data showed on Monday, revised up from a preliminary 1.5 percent expansion due to faster growth in capital expenditure. The result compared with a median forecast for a 1.4 percent expansion in a Reuters poll of economists.

  • HONG KONG, June 9- Contrary to trends in the West, actively managed stock funds in China are set to become more popular with foreign investors, as moves to open up Chinese markets should give stock pickers an edge over poor performing index trackers.

  • COLUMN-Inequality is about more than Money: Summers Sunday, 8 Jun 2014 | 4:10 PM ET

    NEW YORK, June 8- With Thomas Piketty's book, "Capital in the 21st Century", rising to number one on best-seller lists, inequality has become central to the public debate over economic policy. Piketty, and much of this discussion, focuses on the sharp increases in the share of income and wealth going to the top 1.0 percent, 0.1 percent and 0.01 percent of the population.

  • June 8- The average price of gasoline in the United States changed little, rising 0.35 cents to $3.6911 per gallon over the past three weeks, according to the Lundberg survey released on Sunday. The price of gasoline peaked this year on May 2 when the price per gallon was $3.725.

  • SOFIA, June 8- Bulgaria will not resume work on the Russian-led South Stream gas pipeline project until it receives the all clear from the European Commission, Prime Minister Plamen Oresharski said on Sunday.

  • TRIPOLI, June 8- Libya is still able to supply its 120,000- bpd Zawiya refinery without drawing on oil from two offshore fields, an oil ministry official said on Sunday.

  • RIYADH/ DUBAI, June 8- Saudi Arabia's Shura Council, an influential advisory body to the government, will discuss a proposal for the country to establish a sovereign wealth fund that would invest some of its vast oil earnings, local media reported.

  • DUBAI, June 8- Low residential rental yields in Dubai and Abu Dhabi may indicate growing imbalances and overheating in the real estate sector, the United Arab Emirates central bank said on Sunday, in the first official warning about soaring property prices.

  • *Follows US settlement with Credit Suisse. JERUSALEM, June 8- Bank Leumi, Israel's second largest bank, said on Sunday it was close to a deal to pay nearly 1 billion shekels to the U.S. Justice Department in relation to its investigation into possible tax evasion by the bank's American clients.

  • ANKARA, June 8- Iranian President Hassan Rouhani visits Turkey on Monday to discuss expansion of trade and the civil war in Syria which has stained relations between the two neighbours.

  • BRUSSELS, June 8- Ukraine, Russia and the European Commission officials will meet in Brussels on Monday evening to continue talks how to resolve a dispute over gas prices, the Commission said on Sunday.


  • BANGKOK, June 8- Thailand's junta kept many of the thousands of troops and police it readied to deal with protests in Bangkok on Sunday off the streets as the number of people making a public show of dissent to the May 22 coup dwindled.

  • BRUSSELS, June 8- This week's light calendar gives investors room to digest the European Central Bank's radical moves to avert deflation and look beyond U.S. data which, in more normal times, might imply higher interest rates.

  • Thailand's junta has prepared a force of over 6,000 troops and police for deployment in Bangkok on Sunday to smother protests.

  • DUBAI, June 8- Saudi Arabia's Shura Council, an influential advisory body to the government, will discuss a proposal for the country to establish a sovereign wealth fund that would invest some of its vast oil earnings, local media reported.

  • OSLO, June 8- He is the self-made man who changed the way business was done in Norway, and from this week, Kjell Inge Roekke, a flamboyant billionaire with an explosive temper and a taste for the supersized, can also call himself an oil baron.