GO
Loading...

Latest Business News Wires - Business Headlines

More

  • EDINBURGH, June 9- Retired military general Norman Arthur represented Queen Elizabeth in his Scottish neighbourhood and is passionate that the country should remain part of the United Kingdom.

  • LONDON, June 9- Emerging local currency bond yields fell to multi-month lows on Monday after the euro zone's extraordinary monetary easing pushed cash into high-yield assets and boosted expectations of rate cuts in the developing world. "We've seen a three-pronged attack on short emerging market positions," UBS strategist Manik Narain said.

  • QINGDAO, China, June 9- China's Qingdao Port has sealed its Dagang bonded metal storage area and suspended delivery of metals from the section, as authorities investigate an alleged fraud into financing of copper, aluminium and alumina, two sources with direct knowledge of the matter said.

  • SOFIA, June 9- Bulgaria has not given up on plans to build the South Stream pipeline delivering Russian natural gas to Europe and sees the Gazprom- led project as irreversible, Energy Minister Dragomir Stoynev said on Monday. Bulgaria said on Sunday it had halted work on the pipeline after the European Union and United States expressed concerns about the project.

  • CAIRO, June 9- Egyptian Prime Minister Ibrahim Mehleb is about to present his government's resignation to new President Abdel Fattah al-Sisi, the state news agency reported on Monday.

  • BEIJING, June 9- Quarantine authorities in China have stopped issuing permits for the import of distillers dried grains from top exporter the United States due to the presence in some shipments of an unapproved genetically-modified organism, traders said.

  • LONDON, June 9- British hedge fund manager Man Group said on Monday it is buying credit-focused privately held fund of hedge fund firm Pine Grove Asset Management, stepping up a push into the United States.

  • CAIRO, June 9- Egyptian Prime Minister Ibrahim Mehleb is about to present his government's resignation to the country's new president Abdel Fattah al-Sisi, the state news agency reported on Monday.

  • SOFIA, June 9- Bulgaria has not given up plans to build the South Stream pipeline delivering Russian natural gas to Europe and sees the Gazprom- led project as irreversible, Energy Minister Dragomir Stoynev said on Monday.

  • MUMBAI/ NEW DELHI, June 9- India will likely raise the foreign investment limit in government debt soon, as almost all the allocation has already been taken up as overseas buyers pile into the country's financial markets, said four officials with direct knowledge of the government's thinking.

  • *Hackers stealing huge volumes of customer data. WASHINGTON, June 9- With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next.

  • *China's commodity imports fall in May on high stocks, tighter credit. Brent was up 50 cents at $109.11 by 0825 GMT, after settling down 18 cents and declining 0.7 percent last week. U.S. oil rose 50 cents to $103.16, extending gains after ending 18 cents up on Friday.

  • BERLIN, June 9- Sentiment in the euro zone unexpectedly fell in June with investors unimpressed by the European Central Bank's package of measures to kickstart growth, the Sentix index survey showed on Monday. The index fell for a second consecutive month to 8.5 in June, its lowest since December 2013.

  • *FTSEurofirst 300 up 0.2 pct, Euro STOXX 50 up 0.1 pct. PARIS, June 9- European shares inched higher on Monday, building on last week's rally and tracking gains on Wall Street and in Asia in the wake of reassuring U.S. jobs data.

  • HANOI, June 9- A Vietnamese court jailed a tycoon and former banker for 30 years on Monday for his part in a series of elaborate financial scams worth $1.1 billion that have become one of the country's most high-profile banking scandals.

  • *China trade data lends support, though import drop a worry. LONDON, June 9- World shares were within touching distance of an all-time high on Monday, spurred on by the combination of record low global interest rates and the improving health of major economies.

  • MUMBAI/ NEW DELHI, June 9- India is likely to raise the foreign investment limit in government debt soon, as almost all of the current allocation has been taken up, said four officials with direct knowledge of the government's thinking. The current limit is 995.46 billion rupees.

  • HONG KONG, June 9- Hong Kong shares snapped a three-day losing streak on Monday after U.S. jobs and China export data bolstered the view that the global economy is improving. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong added 0.6 percent.

  • LONDON, June 9- The euro rose against the dollar and the yen on Monday, as speculators cut large bets against the single currency, confident the ECB will not be easing policy again soon. Amid lower-than-usual volumes due to a holiday in some parts of Europe, the dollar gave up some gains made after upbeat U.S. jobs data on Friday.

  • TOKYO, June 9- A draft economic plan being prepared by Japan's government commits it to "corporate tax reform" without specifying a target for a cut in the tax rate, according to a current version of the plan reviewed by Reuters.