GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • HONG KONG, Jan 13- The specter of default hanging over China's Kaisa Group, a property developer in seemingly reasonable financial health just two months ago, is forcing investors to rethink how they account for political risk when buying offshore Chinese corporate debt. But Kaisa's case has shown the conventional model of pricing property developers' bonds...

  • LONDON, Jan 13- Sterling fell towards an 18- month low against the dollar on Tuesday, after data showed British inflation at its lowest since 2000, bolstering expectations that the Bank of England will keep interest rates suppressed for longer. The euro fell below $1.1800, dragged down by expectations that the European Central Bank will launch a full-fledged...

  • UPDATE 1-Airbus says beats Boeing in 2014 order race Tuesday, 13 Jan 2015 | 6:11 AM ET

    *Airbus says won 1,456 net orders in 2014 vs 1,432 for Boeing. TOULOUSE, France, Jan 13- Airbus clung to the top spot in commercial plane orders by confirming it outsold Boeing last year, while failing to close a gap in deliveries that leaves its U.S. rival as the world's largest plane manufacturer for the third year running. Airbus said on Tuesday that it won 1,456 net...

  • IHS reports better-than-expected profit on lower costs Tuesday, 13 Jan 2015 | 6:05 AM ET

    Jan 13- Business and information services provider IHS Inc, the publisher of Jane's Defense Weekly, reported a better-than-expected quarterly profit, helped by lower operating expenses. "We took a pause after our very big acquisition of R.L. Polk, we de-levered and now we are acquiring again," Chief Executive Scott Key said. The company's net income increased to...

  • *Kiev military report regular deaths of soldiers. BERLIN/ KIEV, Jan 13- Ukraine, Russia, Germany and France have scrapped plans for a summit this week on the conflict in Ukraine because of a lack of progress in implementing a four-month-old ceasefire agreement. The separatists and government forces blame each other for regular violations of the ceasefire which...

  • *BoE Governor Mark Carney must explain fall to Osborne. LONDON, Jan 13- British consumer price inflation plunged to its lowest level since May 2000 last month and looks set to fall further, easing a squeeze on consumers and leaving the Bank of England under no pressure to raise interest rates soon. Reflecting a slide in global oil prices, the rate of consumer price...

  • *Gold rallies for third day to highest since October. LONDON, Jan 13- Gold hit a 12- week high on Tuesday as investors sought refuge from volatility in the wider markets, with a slide in crude oil prices to a near six-year low fuelling turbulence in stock markets and currencies. Gold has risen nearly 5 percent this month as equities, which were boosted last year by...

  • SHANGHAI, Jan 13- For a second straight day, offshore investors on Tuesday sold more Shanghai shares than they bought through the Hong Kong "connector," highlighting waning foreign confidence in the sustainability of China's stock market rally. Between the connector's launch on Nov. 17 and this week, there was only one day when foreigners were net sellers of...

  • DUBAI, Jan 13- Iranian President Hassan Rouhani said on Tuesday that countries behind the fall in global oil prices would regret their decision and warned that Saudi Arabia and Kuwait would suffer alongside Iran from the price drop. "If Iran suffers from the drop in oil prices, know that other oil-producing countries such as Saudi Arabia and Kuwait will suffer...

  • SHANGHAI, Jan 13- French utility Suez Environnement Company SA and Australia's Clean TeQ Holdings Ltd are looking to expand in China where the government has pledged at least $97 billion by 2020 to tackle a worsening water shortage. Foreign water firms have struggled to gain market share in China due to frequent regulation changes, so the latest pledge offers a...

  • *Deal potentially worth up to $750 million. ZURICH, Jan 13- Roche has boosted its efforts to tackle antibiotic resistance, striking a deal worth up to $750 million with Japan's Meiji Seika Pharma and Canada's Fedora for a drug that can restore the power of antibiotics to combat infections. Under Tuesday's deal Roche will gain the right to develop and...

  • *Andrew Higginson to become chairman on Jan. 22. LONDON, Jan 13- The intense pressure in Britain's supermarket sector claimed its first scalp of the year on Tuesday with the departure of Morrisons chief executive Dalton Philips following a plunge in Christmas sales from Britain's No. 4 grocer. The firm, which has been slow to expand into stronger parts of the market...

  • SHANGHAI, Jan 13- Saudi Arabia and Tajikistan will join 24 other nations as founding members of the Asian Infrastructure Investment Bank, China's Ministry of Finance said on Tuesday. The entry, which China said was approved unanimously by the other founding members of the China- backed multilateral lender, brings the total number of founder nations intending...

  • *Energy shares hit but Alcoa cites low energy costs. LONDON, Jan 13- Oil prices slid on Tuesday to their lowest in almost six years, depressing energy shares but cheering those investors who focused on stocks seen as likely to benefit from cheaper fuel costs. "Investors are bracing for some serious damage in the energy sector's fourth-quarter earnings, and with oil...

  • ABU DHABI, Jan 13- OPEC will not cut its oil output to support prices but expects higher-cost producers to do so, the United Arab Emirates energy minister insisted on Tuesday as oil plunged near six-year lows. By not reducing output, "we are telling the market and other producers that they need to be rational and like OPEC, they need to look at growth in the...

  • European shares inch up, led by Metro Tuesday, 13 Jan 2015 | 4:15 AM ET

    PARIS, Jan 13- European stocks inched up in early trade on Tuesday, with Germany's Metro rallying after the retailer reported strong Christmas sales at some of its core units. Total was down 1.9 percent and Royal Dutch Shell down 1.5 percent as Brent futures tumbled to $45.43 a barrel, down 4.2 percent despite China reporting record crude imports.

  • BERLIN, Jan 13- Germany has balanced the federal budget for the first time in almost half a century, helped by robust tax revenues and rock-bottom interest rates, the finance ministry said on Tuesday. It was the first time since 1969 that Germany achieved the feat and is a boon for Chancellor Angela Merkel's government, which wrote the goal into a coalition...

  • LONDON, Jan 13- British online fashion retailer ASOS ended a difficult 2014 on a high, with strong demand at home lifting its retail sales over the Christmas period and boosting its shares. ASOS, which lost almost two thirds of its market value last year because of a warehouse fire and three profit warnings, said retail sales in the six weeks to Jan. 9 were up 15 percent,...

  • *Focus on UK inflation, downside risk to sterling. In Europe, the focus will be on the pound ahead of UK inflation data. A drop below one percent would require BoE Governor Mark Carney to write an explanatory letter to Britain's finance minister and would boost expectations that the bank will wait until the second quarter of 2016 before raising interest rates.

  • *Some owners of IDH to float up to 45 pct in London. DUBAI, Jan 13- Integrated Diagnostics Holdings, a healthcare diagnostics service provider with operations in Egypt, Jordan and Sudan, has announced plans to list its shares on the London stock exchange. It is the latest firm in recent years from the Middle East to choose the UK bourse for a flotation, avoiding more...