GO
Loading...

Latest Business News Wires - Business Headlines

More

  • LONDON, Oct 23- The euro recovered from a two-week low against the dollar on Thursday after data showed euro zone business growth unexpectedly picked up in October, though gains could be fleeting amid continued expectations of more monetary easing. The euro rose to $1.2662, rebounding from a two-week low of $1.2614 hit after data showed France's preliminary...

  • HELSINKI, Oct 23- Finland's Nokia beat market expectations as it reported strong third-quarter profit growth and lifted the profitability outlook for its core network gear unit on the back of large network roll-outs in North America and China. Nokia shares rose 5.3 percent to 6.85 euros by 0830 GMT, underscoring investors' positive view of the transformation...

  • *Michelin, Unilever fall, flag weak EM demand. Michelin and Unilever cited poor demand from emerging markets as the former cut its full-year revenue goal and the latter reported weaker-than-expected quarterly sales. Unilever's London- listed shares were down 2.4 percent, while Michelin shed 3.6 percent.

  • COPENHAGEN, Oct 23- Danish industrial enzymes maker Novozymes raised its full-year profit forecast thanks to strong quarterly results and a rising dollar which has boosted sales in the United States. Novozymes' chief financial officer Benny Loft said the full-year outlook hike was also down to exchange rates trends- most importantly the strengthening...

  • *Gulf airlines using Italy as base for expansion. Italy is Europe's fourth largest travel market, one of the world's top tourist destinations and its thriving fashion and leather industry underpin demand for business travel. That is taking passengers away from Germany's Lufthansa, British Airways and Air France-KLM in Europe, and Delta Air Lines and American...

  • *Sistema lost 72 percent of its capitalisation since July. Russian prosecutors filed the suit last month to regain state ownership of Bashneft, saying there had been alleged violations in the privatisation and subsequent sale of the oil producer to Russian oil-to-telecoms conglomerate Sistema in 2009.. Sistema's shares, which lost 70 percent after it...

  • Hong Kong shares fall, China manufacturing caps losses Thursday, 23 Oct 2014 | 4:13 AM ET

    SHANGHAI, Oct 23- Hong Kong main share index finished lower on Thursday in line with regional bourses, but further declines were capped by slightly stronger China manufacturing activity. China CNR Corp Ltd said it had been awarded a subway contract from Massachusetts. China CNR Corp Ltd jumped 3.2 percent, and CSR Corp Ltd climbed 1.5 percent.

  • Exporters fail on pledge to curb bribery - watchdog Thursday, 23 Oct 2014 | 4:00 AM ET

    *Transparency International says OECD convention largely ignored. BERLIN, Oct 23- Big exporting nations are breaking their pledge to fight corruption in global trade, with more than half of the countries that have signed an anti-bribery convention failing to implement it, a report by Transparency International showed on Thursday. The Berlin- based...

  • *PMIs suggest Q3 economic growth of 0.3 pct- Markit. Markit's Composite Flash Purchasing Managers' Index, based on surveys of thousands of companies across the region and seen as a good indicator of growth, rose to 52.2, above all forecasts in a Reuters poll. Most worrying is the decline in new orders, "said Chris Williamson, chief economist at data collator Markit.

  • LONDON, Oct 23- European stocks fell early on Thursday as weak results from French tyre-maker Michelin and consumer goods group Unilever added to a subdued tone for global equities overnight. Unilever fell 3 percent in London by 0705 GMT after it reported a weaker-than-expected 2.1 percent rise in third-quarter sales on Thursday as a slowdown in emerging...

  • UPDATE 2-Mercedes-Benz cars help to lift Daimler profit Thursday, 23 Oct 2014 | 3:06 AM ET

    *1.01 bln euro gain from Rolls-Royce Power Systems sale. The company is the first of the German premium auto makers, to release third-quarter results, which included the group's best-ever month for sales of Mercedes-Benz cars in September, benefiting from new models and growing demand in China. Earnings before interest and tax were 3.73 billion euros,...

  • LONDON, Oct 23- Tesco reported a bigger than expected hole in its accounts on Thursday after finding mistakes in booking income had gone back further than initially thought, forcing Britain's biggest grocer to scrap its full-year profit outlook. Tesco, once the unstoppable juggernaut of Britain's retailers, has in recent years been battling fierce...

  • *China October PMI at 3- month high of 50.4- HSBC/ Markit. *OPEC should cut output by at least 500,000 bpd- Libya. China's manufacturing activity quickened to a three-month high in October, with the HSBC/ Markit manufacturing purchasing managers' index rising to 50.4 from 50.2 in September.

  • LONDON, Oct 23- Britain's biggest grocer Tesco scrapped its full-year profit outlook and reported a bigger than expected hole in its accounts on Thursday after finding an erroneous practice of booking profit had gone back further than expected. Tesco, which has lost 20 percent of its market value this month after three profit warnings and the accounting...

  • MOSCOW, Oct 23- A Russian court decided on Thursday to postpone hearings on the sale of shares in oil producer Bashneft to Russian conglomerate Sistema to Oct. 30.

  • RUSSIAN COURT SAYS MORE TIME NEEDED TO PREPARE LAW SUIT, HEARINGS TO RESUME ON NOV 30.

  • RUSSIAN COURT POSTPONES RULING ON BASHNEFT SHARES OWNED BY SISTEMA.

  • TOKYO, Oct 23- Japanese stocks fell on Thursday as a slight expansion in China's manufacturing sector did little to quell market concerns about fragile global growth prospects. The Nikkei share index closed down 0.4 percent at 15,138.96. Airbag maker Takata Corp's shares tumbled 6.2 percent to an 18- month low after U.S. regulators expanded the number of...

  • LONDON, Oct 23- Britain's biggest grocer Tesco reported a larger than expected hole in its accounts on Thursday, forcing it to scrap its full-year trading profit outlook. Tesco, which has lost a fifth of its market value in the last month, scrapped the outlook as its second-quarter underlying domestic sales fell sharply, down 5.5 percent. The group said last month...

  • Oct 23- The Orange County Sanitation District, a wastewater treatment facility in California, became the latest institutional investor to move money away from bond giant Pimco, weeks after the shock departure of Pimco's CIO Bill Gross. The OCSD said its board on Wednesday unanimously approved the selection of Chandler Asset Management as its external...