Live at 2:30p ET
CNBC.com web-only interview
Downhill skier Lindsay Vonn

Latest Business News Wires - Business Headlines


  • Chinese shares up on urbanisation investment plans Monday, 17 Mar 2014 | 3:05 AM ET

    HONG KONG, March 17- China shares rose on Monday, lifted by property and infrastructure counters after Beijing announced plans to speed the pace of urbanisation. The CSI300 of the leading Shanghai and Shenzhen A-share listings also rose 1 percent.

  • MOSCOW, March 17- Russian shares opened higher on Monday after Ukraine's Crimea region voted in favour of joining Russia, as local investors shrugged off threatened Western sanctions believing they would be largely symbolic.

  • TOKYO, March 17- Tokyo Steel Manufacturing Co will maintain current product prices for delivery in April as customer stockpiles grow after a winter freeze and labour shortages curbed construction projects, said the country's top electric furnace steelmaker.


  • TOKYO, March 17- Japan's Nikkei share average stumbled to a 6- week low on Monday as escalating tensions in Ukraine soured investor sentiment, although SoftBank Corp jumped after its affiliate said it would go public in the United States. The Nikkei slipped 0.4 percent to 14,277.67, hitting its lowest closing level since February 6.

  • MOSCOW, March 17- Russian shares opened unexpectedly higher on Monday after Ukraine's Crimea region voted in favour of joining Russia. The dollar-denominated RTS index was up 2.5 percent at 1,088.7 points, while the rouble-traded MICEX was up 2.4 percent at 1,266.3 points.

  • The bullish side can point to falling inventories in major exporter Malaysia, rising domestic demand in top producer Indonesia and the threat of lower supply as the likelihood of an El Nino weather event increases this year.

  • SHANGHAI/ HONG KONG, March 17- China's yuan eased against the dollar on Monday after the central bank doubled the currency's daily trading band as part of its commitment to let markets play a greater role in the economy.

  • TOKYO, March 17- Asian shares hovered around one-month lows on Monday as Western countries issued fresh warnings of more sanctions on Moscow after Crimea voted overwhelmingly to break from Ukraine to join Russia, as expected. The MSCI's broadest index of Asia-Pacific shares outside Japan was flat, staying near Friday's one-month low.

  • TOKYO, March 17- The yen lost some ground against the dollar and euro but remained near the tops of its recent ranges on Monday as Western countries warned of sanctions on Russia after Crimea voted to separate from Ukraine.

  • *Hong Kong slips as uncertainty lingers. Hong Kong stocks extended losses and fell to a five-week low, tracking weakness in global markets on investor uncertainty over Chinese economic growth and diplomatic tensions over Crimea. The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.4 percent.

  • NEW YORK, March 17- In mid-February, a group of current and former Pimco employees were invited to a private farewell party for Mohamed El-Erian on March 10, to mark his impending departure as chief executive of the world's largest bond fund.

  • BOSTON, March 17- Big U.S. companies appear to have handed out smaller increases in compensation to their chief executives in 2013 than in 2012, mainly as a result of reduced grants of stock options, according to an early review of annual regulatory filings.

  • Borrowers took out $15.3 billion of the loans in 2013, an increase of 20 percent from the year before, according to industry publication Inside Mortgage Finance. But at this stage, most bigger lenders are uncomfortable with the loans- for example, in 2011, Wells Fargo& Co and Bank of America backed out of the business.

  • Brent holds above $108 on Ukraine tensions Monday, 17 Mar 2014 | 12:34 AM ET

    SINGAPORE, March 17- Brent futures edged higher on Monday to hold above $108 a barrel as the deepening crisis in Ukraine led to supply disruption worries. Brent crude edged up 10 cents to $108.31 by 0322 GMT, while U.S. crude futures were up 24 cents at $99.13.

  • *Gold rises to highest since September. SINGAPORE, March 17- Gold was trading near its highest level in over six months on Monday on weaker equities and as Crimea voted to join Russia, heightening tensions between Moscow and the West.

  • Twitter CEO Costolo to make first China visit Sunday, 16 Mar 2014 | 10:33 PM ET

    SAN FRANCISCO, March 16- Twitter Inc CEO Dick Costolo will meet Shanghai government officials, academics and students in his first visit to China, signaling Twitter's interest in cracking a lucrative but thorny market with 600 million Internet users.

  • Truckers' strike at Vancouver port to continue Monday Sunday, 16 Mar 2014 | 10:10 PM ET

    VANCOUVER, March 16- A two-and-a-half week container truck driver strike at Port Metro Vancouver was set to continue on Monday after a government and port authority plan to end the job action at Canada's largest port failed to make headway on the weekend.

  • TOKYO, March 17- Japan's Nikkei share average hovered near a one-month low on Monday morning as escalating tensions in Ukraine dampened risk-appetite, though SoftBank Corp soared after its affiliate said it would go public in the United States.

  • SYDNEY, March 17- London copper was steady on Monday, hovering close to last week's three-year lows in light trade as concerns about Chinese growth capped gains and eroded buying interest.