Latest Business News Wires - Business Headlines


  • SANTIAGO, July 15- Chile's state oil company ENAP said on Tuesday it would start using U.S. shale gas during the first half of 2016 via an ongoing supply contract with Britain's BG Group Plc.

  • NEW YORK/ LONDON, July 15- Reynolds American Inc had no choice but to sell Lorillard Inc's top-selling blu electronic cigarettes brand after Britain's Imperial Tobacco Group Plc insisted it be part of a wider portfolio of assets it is buying, a source familiar with the transaction said.

  • FARNBOROUGH, England, July 15- The founder and head of Asian low-cost airline AirAsia said German carrier Lufthansa's potential expansion into budget long-haul flights was risky and the airline would perhaps be better off not doing so.

  • Leaders of the BRICS group- Brazil, Russia, India, China and South Africa- are meeting in Brazil this week to launch a development bank and emergency reserves fund that would loosen the stranglehold that Western-run multilaterals have had over global finances since the end of World War Two. >China pushes for developing world rights at BRICS summit.

  • The planned transformation of EBS, owned by the world's largest interdealer broker ICAP, comes as the sector faces greater regulatory scrutiny after alleged manipulation of foreign exchange benchmarks used to price trillions of dollars of investments and company deals.

  • *Libya output rises to 580,000 bpd. World oil prices have rapidly erased a geopolitical risk premium that had been pushing prices up since April, and selling has accelerated in recent days as traders shift their focus from violence in Iraq and Libya to weak global fundamentals.

  • WASHINGTON, July 15- A federal appeals court on Tuesday issued a surprising rebuke to U.S. President Barack Obama and said he deprived a small Chinese-owned firm of its right to due process when he squashed its bid to build wind farms close to a U.S. naval training site.

  • The unusual comments from the Fed's monetary policy report- the first time in 14 years that the Fed has commented specifically on valuation of a particular equity sector- that accompanied Fed Chair Janet Yellen's semi-annual testimony to Congress, hit stocks in riskier sectors of the market.

  • *Portugal jitters seen as sign of things to come. LONDON, July 15- Investors are bracing for more "mini-crises" in the euro area's periphery- like that triggered by Portugal's biggest listed bank last week- after a two-year rally that has left stocks and bonds looking pricey.

  • STRASBOURG, France, July 15- Jean-Claude Juncker won a wide endorsement from the European Parliament on Tuesday to be the next head of the executive European Commission after setting out a "grand coalition" investment programme to help revive Europe's economy.

  • FARNBOROUGH, England, July 15- The chief executive of Airbus Group said the first two days' sales of its newly revamped jet had backed up the group's decision to invest in the model. Airbus unveiled the new plane on Monday and has signed up three lessors and Asian low-cost airline AirAsia for the plane already.

  • NEW YORK/ LONDON, July 15- Gold fell below $1,300 an ounce to a four-week low on Tuesday, as the dollar rose and bullion investors focused on a U.S.

  • WASHINGTON, July 15- The U.S. economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday.

  • India may appeal parts of WTO steel ruling Tuesday, 15 Jul 2014 | 11:56 AM ET

    NEW DELHI, July 15- India said on Tuesday it may appeal against parts of a World Trade Organization ruling against countervailing U.S. duties on some of its steel exports, despite being partly vindicated in a trade dispute.

  • *Ukraine accuses Russia of involvement, rebels blame Kiev. KIEV, July 15- Ukraine has made fresh charges of Russian involvement in its conflict with separatist rebels, suggesting Moscow may have had a role in an air strike on Tuesday that killed 11 people.

  • NEW YORK, July 15- U.S. stocks slipped on Tuesday, with riskier equities hit hardest after the U.S.

  • FARNBOROUGH, England July 15- The supply of Russian titanium to aircraft manufacturers Airbus and Boeing will not be affected by the deterioration of East-West relations over the Ukraine crisis, the Russian deputy trade minister said on Tuesday.

  • METALS-Copper edges up, China growth in focus Tuesday, 15 Jul 2014 | 11:27 AM ET

    *China Q2 gross domestic product due on Wednesday. LONDON, July 15- Copper steadied on Tuesday as optimism about demand for industrial metals from top consumer China and dovish comments from the U.S.

  • *Corn, soy crop conditions best in 20 years- USDA. CHICAGO, July 15- U.S. new-crop corn futures sank to a fresh contract low on Tuesday on forecasts for mild weather to boost the size of the U.S. crop, which already has the best condition rating in 20 years.

  • BEIJING, July 15- Beijing stepped up efforts to re-energize China's economy in June, pumping in more money and pressing banks to extend more loans, but analysts say more stimulus will be needed to sustain recovery.