Latest Business News Wires - Business Headlines


  • SANTIAGO, April 1- Chile's navy says a tsunami has already hit some areas in the north of the country following a massive earthquake offshore.

  • SANTIAGO, April 1- Global miner BHP Billiton said its Cerro Colorado mine is located far from the quake that hit northern Chile on Tuesday night and is likely unaffected.

  • SINGAPORE, April 2- Gold steadied on Wednesday after two days of losses but the precious metal continued to stay near its lowest in seven weeks as strong U.S. factory data boosted optimism about economic growth, diminishing bullion's safe-haven appeal. *Spot gold edged up 0.1 percent to $1,280.39 an ounce by 0022 GMT, not far from its seven-week low of $1,277.29.

  • WASHINGTON, April 1- A major earthquake of magnitude 8.0 struck off the coast of Chile on Tuesday, sparking a tsunami warning for all of South and Central America's Pacific coast, the Pacific Tsunami Warning Center said. The warning said that aside from Chile, the coasts of Peru, Ecuador, Colombia, Panama, Costa Rica and Nicaragua were also at risk.

  • WASHINGTON, April 1- Standing on the lawn of the U.S. Capitol on Tuesday morning in the path of an early spring breeze, Renee Trautwein tearfully braced herself to relive the worst morning of her life.

  • Chile wants northern coastline evacuated after quake Tuesday, 1 Apr 2014 | 8:21 PM ET

    SANTIAGO, April 1- Chile on Tuesday requested the "preventive evacuation" of the country's northern coastline, the country's ONEMI emergency office said on its website, following an earthquake near the mining area of Iquique that authorities fear could cause a tsunami.

  • Poor manufacturing data from China and Europe dampened the demand outlook on Tuesday and caused oil prices to tumble, with Brent hitting its lowest in nearly five months. *U.S. crude for May delivery edged down 10 cents to $99.64 a barrel by 0002 GMT after dropping 1.8 percent on Tuesday to its lowest settlement since March 26.

  • WASHINGTON, April 1- A massive magnitude 8.0 earthquake on Tuesday off the coast of Chile, near the mining port of Iquique, sparked a tsunami warning for all of Latin America's Pacific coast, the Pacific Tsunami Warning Center said. The U.S. Geological Survey said the quake was very shallow, only 6.2 miles below the seabed.

  • DIARY - Top economic Events to April 15 Tuesday, 1 Apr 2014 | 8:01 PM ET

    CHICAGO- Federal Reserve Bank of St. Louis President James Bullard gives welcome remarks before the Homer Jones Memorial Lecture event- 2100 GMT.

  • April 1- Wells Fargo& Co said on Tuesday that it agreed to issue and service credit cards for retailer Dillard's Inc, the latest move by the fourth-largest U.S. bank to boost its card business.

  • NEW YORK, April 1- Textbook publisher Cengage Learning has ended its nine-month bankruptcy, emerging from Chapter 11 after reducing its $5.8 billion debt by more than two-thirds. In a statement on Tuesday, Stamford, Connecticut- based Cengage said it cut $4 billion in debt and secured $1.75 billion in new loans to fund its bankruptcy exit.

  • UPDATE 1-U.S. House backs Ukraine aid, sanctions Tuesday, 1 Apr 2014 | 7:36 PM ET

    WASHINGTON, April 1- The U.S. House of Representatives voted overwhelmingly on Tuesday to provide aid to Ukraine, back a $1 billion loan guarantee for the Kiev government and impose sanctions over Russia's annexation of Crimea.

  • SYDNEY, April 2- Asian share markets were looking to extend their recent rally on Wednesday as investors chose to accentuate the positive in a mixed bag of global economic data, pressuring safe havens such as the yen and government bonds.

  • April 1- France's Stallergenes said on Tuesday it received the U.S. Food and Drug Administration's green light to sell its immunotherapy pill Oralair for treating grass allergies. Oralair was approved in the European Union in 2008 and is also sold in Canada, Australia and Russia for the treatment of grass pollen allergy.

  • FOREX-Yen still friendless, euro firms ahead of ECB Tuesday, 1 Apr 2014 | 7:12 PM ET

    SYDNEY, April 2- The beleaguered yen found little reprieve in Asia early on Wednesday, the only major currency showing a clear trend as risk appetite stayed buoyant and investors continued to bet on more stimulus from China and perhaps even Japan. The New Zealand dollar fetched 89.42 yen, having scaled a 6-1/ 2 year peak of 89.91.

  • TRIPOLI, April 1- A rebel group in eastern Libya has agreed with the government to end its seizure of vital oil ports within days, a senior leader told Reuters on Tuesday, raising hopes for an end to an eight-month stalemate that has dried up state income and fuelled chaos.

  • NEW YORK, April 1- Investors pulled another $3.1 billion from Pimco's flagship fund in March, the 11th straight month of outflows from the world's largest bond fund, and its performance on the month lagged 95 percent of its peers due to a spate of wrong calls by long-time manager Bill Gross.

  • April 1- Spanish renewable energy and engineering firm Abengoa SA made public its U.S. subsidiary's plans to raise up to $600 million in an initial public offering of ordinary shares. Abengoa in March filed confidentially with the U.S regulators for the proposed IPO of its yieldco vehicle.

  • NEW YORK/ SAO PAULO, April 1- Brazil's securities industry watchdog CVM on Tuesday lifted a suspension on Grupo Oi SA's 6 billion real share offering, paving the way for the Brazilian telecommunications company's merger with Portugal Telecom SGPS SA.

  • *Swiss structure not challenged by IRS- Caterpillar. WASHINGTON, April 1- Caterpillar Inc defended itself on Tuesday against accusations of offshore tax-dodging, telling a U.S. Senate panel that a low-tax unit the company set up years ago in Switzerland has not been challenged by U.S. tax authorities.