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Latest Business News Wires - Business Headlines

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  • MANILA, Dec 17- The Asian Development Bank slightly trimmed its growth forecast for developing Asia for this year and next, but said sliding prices for oil should help economies in the region push through with growth reforms. In its update to the 2014 outlook, ADB said on Wednesday developing Asia was now expected to grow 6.1 percent this year, a tad below its 6.2...

  • *OPEC unwilling to cut supply, spurring weakness. Non- OPEC member Russia, one of the world's top producers, has also indicated that it does not plan to cut output despite a glut in the market. U.S. crude for January delivery dropped 97 cents to $54.96 a barrel after touching the lowest since May 2009 at $53.60 on Tuesday.

  • WASHINGTON, Dec 16- The United States confirmed steep import duties on solar products from China and Taiwan on Tuesday in a decision that may inflame trade tensions between the two countries. Producers in China face separate anti-subsidy duties. The move is set to deal a heavy blow to China and Taiwan's solar panel shipment to the U.S. market in the short term,...

  • *Honda CEO frustrated by Takata failure to explain defect. *Takata says Honda did not disclose any faults uncovered. Two senior Honda insiders, who asked not to be named, said the tests on 100-150 Takata air bags at Honda's quality centre near Utsunomiya, north of Tokyo, in the first half of this year indicated shortcomings in Takata's manufacturing quality and...

  • Dec 16- When the almost 11,000 financial advisers in Wells Fargo& Co's branch brokerage system get their 2015 compensation plan on Wednesday they may grimace at one change that could hit their pay, or cost their customers a little more. Morgan Stanley, the largest U.S. brokerage firm with more than 16,000 advisers, for example, does not credit brokers for purchases...

  • WASHINGTON, Dec 16- A decision by the U.S. Senate on Tuesday to set aside a terrorism insurance bill until 2015 has killed, for now, a provision requiring that one seat on the Federal Reserve's board be dedicated to a person with community banking experience. Congress moved a step closer last week to mandating a seat on the central bank's seven-person board be given...

  • SINGAPORE, Dec 17- Asia's top companies reported a much more positive outlook in the fourth quarter of 2014 with optimism among Indian companies in particular buoyed by a change in government, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey showed. The Thomson Reuters/ INSEAD Asia Business Sentiment Index rose to 72 in the fourth quarter...

  • THOMSON REUTERS/ INSEAD ASIA SENTIMENT SURVEY SHOWS BUSINESSES IN INDIA, AUSTRALIA MOST OPTIMISTIC.

  • SINGAPORE, Dec 17- Business sentiment among Asia's top companies rose in the fourth quarter with builders switching to most optimistic from least just three months earlier due in part to increased new orders, while property developers also showed a rise in sentiment. The Thomson Reuters/ INSEAD Asian Business Sentiment Index rose to 72 in the fourth quarter, up...

  • NEW DELHI, Dec 17- Business sentiment among Asia's top companies rebounded in the fourth quarter to the second-highest level in almost three years, a Thomson Reuters/ INSEAD survey showed, helped by a stronger U.S. economy and a plunge in oil prices. The Thomson Reuters/ INSEAD Asian Business Sentiment Index increased to 72 in the fourth quarter from 66 in the...

  • NEW DELHI, Dec 17- Business sentiment among Asia's top companies rebounded in the fourth quarter to the second-highest level in almost three years, a Thomson Reuters/ INSEAD survey showed, helped by a stronger U.S. economy and a plunge in oil prices. The Thomson Reuters/ INSEAD Asian Business Sentiment Index increased to 72 in the fourth quarter from 66 in the...

  • THOMSON REUTERS/ INSEAD ASIA SENTIMENT SURVEY SHOWS FINANCIAL, SHIPPING SECTORS LEAST POSITIVE.

  • THOMSON REUTERS/ INSEAD ASIA SENTIMENT SURVEY SHOWS BUILDING, PROPERTY, RETAIL SECTORS MOST POSITIVE.

  • THOMSON REUTERS/ INSEAD ASIA SENTIMENT SURVEY SHOWS GLOBAL ECONOMIC UNCERTAINTY REMAINS BIGGEST RISK.

  • THOMSON REUTERS/ INSEAD ASIA SENTIMENT SURVEY SHOWS BUSINESSES IN CHINA, SINGAPORE LEAST OPTIMISTIC.

  • WASHINGTON, Dec 16- President Barack Obama on Tuesday signed a $1.1 trillion spending bill passed by Congress last week that lifted the threat of a government shutdown. The Department of Homeland Security will be treated differently, getting a funding extension only through Feb. 27, by which time Republicans will control both chambers of Congress.

  • HONG KONG, Dec 17- The billionaire behind shopping mall developer Dalian Wanda says China's era of rapid urbanisation will end within a decade, so he is speeding up his company's shift toward tourism and entertainment after a $3.7 billion initial public offering. Wang Jianlin became China's fourth-richest man in part by following the migration of 300 million...

  • *Japan Tobacco falls on Russia fears. TOKYO, Dec 17- Japanese stocks rose on Wednesday as hopes of a continuation of the U.S. On Tuesday the benchmark closed at its lowest level since Oct. 31, when the Bank of Japan shocked markets by unexpectedly easing policy.

  • *Copper down on China, Russian signs of more supply. SYDNEY, Dec 17- Copper eased on Wednesday, dragged down by a rise in Chinese output and concerns a sharp drop in the rouble could see Russian producers step up metals production. Copper prices have now plunged by around $1,000 a tonne since the start of the year, underscoring a mounting supply glut, which miners says...

  • MEXICO CITY, Dec 16- Mexico's telecommunications regulator IFT has approved a plan from dominant broadcaster Televisa that lays out how the company will share infrastructure with competitors in order to avoid stiff penalties tied to its share of controlling more than half the market, the watchdog said on Tuesday. The plan is part of a process that Televisa, the...