Latest Business News Wires - Business Headlines


  • TOKYO, Sept 17- Sony Corp on Wednesday sharply deepened its net loss estimate and said it would not pay a dividend this fiscal year for the first time since it listed in 1958 after it was hit by a massive impairment charge for its struggling smartphone division.

  • LONDON, Sept 17- Global stocks and commodity prices rose on Wednesday, boosted by speculation the U.S.

  • UPDATE 1-Credit Suisse loans under U.S. Fed scrutiny -WSJ Wednesday, 17 Sep 2014 | 4:16 AM ET

    Federal Reserve has asked Credit Suisse to address problems relating to the bank's underwriting and sale of leveraged loans, the Wall Street Journal reported, citing a source familiar with the matter.

  • *OPEC could trim 2015 output to 29.5 mln bpd- Badri. Many OPEC countries need oil prices above $100 a barrel in order to meet their budget needs and analysts say Saudi Arabia, OPEC's biggest producer, could cut production in an effort to support prices. Any production cut by OPEC, due to meet in November, would be the group's first since 2008..

  • HONG KONG, Sept 17- Hong Kong's benchmark index closed higher for the first time in nine sessions on Wednesday, tracking gains in U.S. markets on speculation the Federal Reserve would maintain a pledge on low rates when a two-day policy meeting ends later in the day.

  • European stocks track Wall St gains ahead of Fed Wednesday, 17 Sep 2014 | 4:09 AM ET

    PARIS, Sept 17- European shares rose in early trade on Wednesday, mirroring a rally on Wall Street sparked by a report that shifted investor expectations for the U.S.

  • *Army seized power in May to end protracted political tensions. BANGKOK, Sept 17- Thailand's central bank left its benchmark interest rate unchanged on Wednesday, as expected, repeating that it believes the current level supports moves to spur an economic recovery.

  • *Shoemaker Ultrasonic says cash in China, Hong Kong transferred. FRANKFURT/ HONG KONG, Sept 17- A Germany- listed shoemaker became the latest Chinese company to report the disappearance of top executives, underscoring the danger of doing business in the Asian powerhouse at a time of heightened scrutiny of its firms' corporate governance.

  • TOKYO, Sept 17- The Bank of Japan has begun paying banks for the privilege of lending them cash in a sign the central bank is reaching the limits of its power to reflate the economy, although it may soon be forced to pump yet more money into the financial system.

  • JGBs rebound after 20-year auction draws solid bids Wednesday, 17 Sep 2014 | 3:38 AM ET

    TOKYO, Sept 17- Japanese government bond prices rebounded on Wednesday after an auction of 1.2 trillion yen 20- year JGBs drew solid bids, pulling yields back from 3- month highs. The 10- year JGB yield dropped 2.0 basis points to 0.555 percent, having reversed an earlier rise to a three month-high of 0.580 percent.

  • *Govt officials decline comment on stock sale. BANGKOK/ SINGAPORE, Sept 17- Thai rubber growers are calling for an investigation into government claims it sold half the country's stockpile of the commodity, as farmers grow increasingly disillusioned with what they see as a lack of state support.

  • AHMEDABAD, India, Sept 17- A combination the "world's factory" and the "world's back office" will drive global economic growth, Chinese President Xi Jinping said ahead of a rare visit to India on Wednesday, playing down mistrust that has kept the Asian giants apart.

  • Europe stocks track Wall St rally ahead of Fed Wednesday, 17 Sep 2014 | 3:08 AM ET

    PARIS, Sept 17- European shares rose in early trade on Wednesday, mirroring a rally on Wall Street sparked by a report which shifted investor expectations for the U.S. At 0704 GMT, the FTSEurofirst 300 index of top European shares was up 0.4 percent at 1,384.99 points, after hitting a two-week low in the previous session.

  • China shares end higher; machinery, property firms gain Wednesday, 17 Sep 2014 | 3:06 AM ET

    HONG KONG, Sept 17- China shares ended higher on Wednesday, reversing earlier losses, supported by machinery firms and property developers that were buoyed by Premier Li Keqiang's plans on urbanization.

  • Nikkei falls in choppy trade as market awaits Fed outcome Wednesday, 17 Sep 2014 | 2:43 AM ET

    TOKYO, Sept 17- Japan's Nikkei share average edged down in choppy trade on Wednesday as investors stayed focused on the outcome of the Federal Reserve's two-day policy meeting amid expectations that it may keep rates low. The Nikkei share average ended 0.1 percent lower to 15,888.67 after trading in positive territory.

  • MOSCOW, Sept 17- Russia's top oil producer Rosneft said comments by ex-Yukos chief Mikhail Khodorkovsky linking the house arrest of a the owner of Sistema to Rosneft's interests in the conglomerate's oil assets as "absurd," RIA news agency reported. "I don't understand why Rosneft has something to do with that?

  • Luxury watch makers are grappling with political instability in Hong Kong, the leading market for Swiss watches, and weak demand in China, where the government's fight against illegitimate gifting has hurt sales of expensive timepieces.

  • Yowie Group said on Wednesday that Wal-Mart Stores Inc, the world's largest retailer, will trial its "Yowie" chocolates across 50 stores in Texas. Shares in Yowie Group jumped as much as 18.5 percent after the company announced the tie-up with Wal-Mart. Yowie Group is based in Perth in western Australia.


  • MOSCOW, Sept 17- Russia's oil-to-telecom conglomerate Sistema said on Wednesday that the acquisition of oil assets in the Republic of Bashkortostan was legal and transparent after its chairman was placed under house arrest in connection to the deal. "Sistema's management believes that the acquisition of BashTEK group was legal and transparent.