Latest Business News Wires - Business Headlines


  • China misses out on first wave of new iPhone releases Wednesday, 10 Sep 2014 | 11:28 PM ET

    BEIJING, Sept 11- Consumers in China, who represent an increasingly critical pillar of Apple Inc's business, will not be able to buy the new iPhone 6 as part of the first wave of buyers around the world this month.

  • China's yuan falls slightly on c.bank guidance Wednesday, 10 Sep 2014 | 11:06 PM ET

    HONG KONG, Sept 11- China's yuan fell slightly against the dollar on Thursday, guided by a weaker midpoint set by the central bank to reflect strength in the global dollar index. The People's Bank of China fixed the midpoint at 6.1453 per dollar prior to market open, down 0.05 percent from the previous day's 6.1425.

  • SYDNEY, Sept 11- Australian employment surged by the most on record in August and far beyond the most optimistic forecast, on the face of it a stunningly strong report that should calm recent concerns about the health of the economy.

  • WASHINGTON, Sept 10- The U.S. Navy's planned unmanned plane for use on aircraft carriers should eventually be able to take on additional roles besides just surveillance, Navy Secretary Ray Mabus said on Wednesday.

  • BEIJING, Sept 11- China's consumer inflation cooled more than expected in August, further evidence after a fall in imports that the economy is losing momentum, but giving policymakers room for more stimulus measures if needed.

  • TOKYO, Sept 11- Japan's Nikkei share average rose to a near eight-month high on Thursday morning as the weak yen lifted sentiment ahead of a meeting later in the day between the central bank governor and prime minister fuelled expectations for additional easing.

  • BEIJING, Sept 11- China's annual consumer inflation slowed more than expected to 2 percent in August, data showed on Thursday, further evidence that the economy is cooling but giving more room to policymakers for further stimulus measures if needed.

  • Obama told Americans in a speech late on Wednesday that he had authorized U.S. air strikes for the first time in Syria and more attacks in Iraq in a broad escalation of a campaign against the Islamic State militant group.

  • FACTBOX-Hong Kong's electoral process Wednesday, 10 Sep 2014 | 9:18 PM ET

    Sept 11- China's rubber-stamp parliament on Aug. 31 endorsed the framework for Hong Kong's first direct leadership election, due in 2017. It says a 1,200 person nominating panel will vet candidates, who must be "patriots".

  • WASHINGTON, Sept 10- The U.S. government is continuing to advocate for the Patriot missile defense system offered by Raytheon Co and Lockheed Martin Corp in a Turkish tender after Turkey cited disagreements with the Chinese firm that initially won the bid, a senior U.S. official said on Wednesday.

  • BRASILIA, Sept 10- Brazilian President Dilma Rousseff has recovered support and would run a tight race with opposition candidate Marina Silva if October's election leads to a runoff vote, polls published on Wednesday showed.

  • TOKYO, Sept 11- Japan's prime minister will meet the head of the central bank on Thursday to exchange of views on the economy, sources with knowledge of the meeting said, amid lingering worries over a prolonged drop in consumption after an April sales tax hike.

  • Long-awaited diet pill gets U.S. approval Wednesday, 10 Sep 2014 | 9:00 PM ET

    Sept 10- A new diet pill Contrave got approval to be sold in the United States on Wednesday, only the third obesity treatment in more than a decade to win approval from the Food and Drug Administration.

  • SINGAPORE Sept 11- U.S. crude futures held near a 16- month low below $92 a barrel on Thursday, after falling sharply in the previous session on lower OPEC demand forecasts and a jump in U.S. refined product stocks. *U.S. crude for October delivery edged up 11 cents to $91.78 as of 0036 GMT after falling $1.08 to settle at $91.67 a barrel in the previous session.

  • SYDNEY, Sept 11- Copper was perched above one-month lows on Thursday but looked vulnerable to fresh losses as cracks appeared in global economic growth, while expectations supply will rise towards the year-end also kept a lid on prices. *Copper prices on Tuesday slipped to a four-week low at $6,821.75 a tonne, its weakest since Aug. 14.

  • SINGAPORE, Sept 11- Gold was trading near its lowest level in three months on Thursday, hit by fears of an early hike in U.S interest rates, a stronger dollar and an apparent easing of tensions over the Ukraine. *Spot gold was little changed at $1,248.95 an ounce by 0030 GMT, after dropping 0.6 percent on Wednesday, when it hit a three-month low of $1,243.56.

  • Obama will deliver a speech late on Wednesday in which he will vow to attack Islamic State militants "wherever they exist," lay out a strategy for expanding U.S. air strikes in Iraq and, for the first time, strike targets in Syria.

  • UPDATE 1-RadioShack restructuring begins to takes shape Wednesday, 10 Sep 2014 | 8:26 PM ET

    Sept 10- Troubled electronics retailer RadioShack Corp, whose shares swung wildly on Wednesday, is being advised by a restructuring attorney at law firm Jones Day as it tries to strike a deal with creditors to close stores while averting bankruptcy, two people close to the matter told Reuters.

  • DIARY - Top economic Events to Sept 23 Wednesday, 10 Sep 2014 | 8:01 PM ET

    WELLINGTON- Reserve Bank of New Zealand announces Monetary Policy Statement and Official Cash Rate. Speakers:- Latvia Prime Minister Laimdota Straujuma, OECD Secretary-General Angel Gurria, Norway Defense Minister Eriksen Soreide, Georgia Foreign Minister Maia Panjikidze and Poland Defense Minister Tomasz Siemoniak.

  • Sept 10- American Airlines has won regulatory approval to swap flight attendants' paper manuals for lighter Samsung tablets in a change that will save nearly $1 million a year, the company said on Wednesday.