GO
Loading...

Latest Business News Wires - Business Headlines

More

  • *Gold steadies after 0.7 percent drop overnight. SINGAPORE, Oct 23- Gold steadied above $1,240 an ounce on Thursday as Asian stock markets weakened, but caution prevailed as the dollar hovered near one-week highs and outflows from bullion funds continued. Wednesday's loss took gold away from a six-week high of $1,255.20 hit earlier in the week when fears...

  • BEIJING, Oct 23- Fast-growing Chinese smartphone maker Xiaomi Inc said on Thursday it is migrating some data on non-Chinese customers away from its servers in Beijing due to performance and privacy considerations. Data belonging to the privately owned company's non-Chinese users will be moved in several phases to Amazon Inc servers in the United States and...

  • SHANGHAI/ HONG KONG, Oct 23- Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favour as they increasingly lag behind the country's top five lenders. China's five biggest banks are Industrial and Commercial Bank of China Ltd, China Construction Bank Corp,...

  • Costa Rica intervenes to stop strike at port, arrests 68 Wednesday, 22 Oct 2014 | 11:14 PM ET

    Workers at Puerto Limon's Moin and Limon terminals, which handle about 80 percent of Costa Rica's foreign trade, went on strike to protest a $1 billion expansion concession granted to APM Terminals, a unit of A.P. Costa Rica's government says the expansion plan would quadruple the amount of cargo that the Caribbean port can handle. Costa Rica has some of the...

  • JGBs steady, yield curve steepens a touch as supply weighs Wednesday, 22 Oct 2014 | 10:21 PM ET

    TOKYO, Oct 23- Japanese government bond prices were little changed in limited trading on Thursday, with the yield curve steepening by a touch as extra supply weighed on the longer-dated maturities. The Ministry of Finance auctioned 400 billion yen of off-the-run 10- year and 20- year JGBs on Thursday through a regular sale intended to enhance market liquidity.

  • Japan's Nikkei share average fell 0.5 percent while MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.2 percent. The flash HSBC/ Markit manufacturing purchasing managers' index edged up to a three-month high of 50.4 from a final reading of 50.2 in September, and just a hair's breadth from the 50.3 reading forecast by analysts.

  • BEIJING, Oct 23- China's vast factory sector grew a shade faster in October as firms drew more foreign and domestic orders, a private survey showed on Thursday, though the modest expansion likely won't dispel concerns about the cooling Chinese economy. The flash HSBC/ Markit manufacturing purchasing managers' index edged up to a three-month high of 50.4 from a...

  • *Takata shares fall to 18- month low. The Nikkei share index lost 0.7 percent to 15,089. 14 Wall Street shares slid on Wednesday after big gains in the past few days. 1/ 8 ID: nL2N0SH2QI 3/ 8 Oil prices also fell sharply, pressured by data that showed a second big jump in weekly U.S. crude stockpiles, as well as a rising U.S. dollar and falling equity markets. 1/ 8 ID: nL6N0SH1EW 3/...

  • SYDNEY, Oct 23- London copper marked time on Thursday ahead of an initial reading on the health of China's vast manufacturing sector that could spur further policy fine tuning, shoring up liquidity and metals demand. *The most-traded January copper contract on the Shanghai Futures Exchange slipped 0.1 percent to 47,060 yuan a tonne. *China's central bank is...

  • SINGAPORE, Oct 23- Gold steadied above $1,240 an ounce on Thursday after dipping overnight on a stronger dollar, but caution prevailed ahead of a host of global economic data and on further outflows from bullion funds. *Spot gold was little changed at $1,241.60 an ounce by 0045 GMT, after losing 0.7 percent in the previous session. *Investors will be eyeing data from...

  • TOKYO, Oct 23- Asian shares sagged on Thursday after a retreat on Wall Street and falling crude oil prices revived investor concerns over slowing global growth, as markets nervously waited for Chinese and European manufacturing reports later in the day. Japan's Nikkei share average fell 0.8 percent while MSCI's broadest index of Asia-Pacific shares outside...

  • TOKYO, Oct 23- The dollar steadied on Thursday, hovering near a one-week high versus the euro, supported by a slight rise in Treasury yields following news of an uptick in U.S. inflation. Concerns over the health of the European banking sector also weighed on the euro and underpinned the dollar after media reported that 11 euro zone banks had failed stress tests run...

  • SINGAPORE, Oct 23- U.S. oil futures fell further on Thursday after losing over $2 the session before as crude stockpiles in the world's top oil consumer surged far more than analysts had expected. *Front-month U.S. crude was down 9 cents at $80.43 a barrel by 0021 GMT. The 12- member OPEC meets on Nov. 27.

  • DIARY - Top economic Events to Nov 4 Wednesday, 22 Oct 2014 | 8:01 PM ET

    Treasury Under Secretary David Cohen speaks on "Disrupting ISIL's Money Trail" before the Carnegie Endowment for International Peace in Washington- 1400 GMT. LONDON- Bank of England Deputy Governor Ben Broadbent gives a speech on monetary policy outlook to Society of Business Economists- 0805 GMT. OTTAWA- Bank of Canada Governor Stephen Poloz and Senior...

  • *China, HK fees account for 55 pct of AsiaPac region in 2014. HONG KONG, Oct 23- Private firms have overtaken state-owned companies this year for the first time as the biggest drivers of investment banking revenues in China- a sign of how Beijing's reforms are transforming private capital's role in the world's second-largest economy. Private firms are also...

  • BRASILIA, Oct 22- A Brazilian court has approved a bankruptcy protection petition filed by MMX Sudeste Mineracao SA, an iron-ore mining company controlled by Brazilian tycoon Eike Batista, the company said on Wednesday in a securities filing. The decision was taken by a court in Belo Horizonte in the Minas Gerais state. MMX Sudeste holds nearly all the...

  • DETROIT, Oct 22- The United Auto Workers hopes to be recognized as the exclusive bargaining agent for workers at a Volkswagen AG assembly plant in Chattanooga, Tennessee within a year, the union's President Dennis Williams said on Wednesday. He said "I hope so," however, when asked if the UAW would gain recognition to bargain for VW workers by the time contract talks...

  • WASHINGTON, Oct 22- AT&T Inc on Wednesday reported a rise in quarterly revenue, but the increase was less than Wall Street expected as a wave of subscribers plugged into the network using pre-purchased devices. "People look at this and say,' Oh, I can do with my phone a little bit longer," said Roger Entner, analyst at Recon Analytics in Boston. Earlier on Wednesday, the U.S....

  • EU leaders seek climate deal, but are divided over costs Wednesday, 22 Oct 2014 | 7:00 PM ET

    *Poland leads objections, but is not alone. BRUSSELS, Oct 23- European leaders aim to agree a new decade of energy policy to cut climate-warming gas emissions out to 2030 at an EU summit on Thursday, though sharp differences over sharing the cost means a deal could elude them. The 28 member states want to set the pace for a global pact to be hammered out in Paris next year...

  • Oct 22- Texas tycoon Sam Wyly, who filed for bankruptcy this week, is trying to exhaust his fortune through exorbitant spending to impede the U.S. Securities and Exchange Commission's collection of a $198.1 million fraud claim against him, the regulator told a U.S. judge on Wednesday. During a hearing in Dallas bankruptcy court, a lawyer for the SEC criticized...