GO
Loading...

Latest Business News Wires - Business Headlines

More

  • RUSSIA OCT AUTO SALES DOWN 9.9 PCT Y/Y- INTERFAX CITES AEB LOBBY GROUP.

  • LONDON, Nov 12- Bank of England Governor Mark Carney is speaking at a news conference after the Bank published its quarterly Inflation Report on Wednesday. Below are comments from Carney at the news conference:. "I'm still the only G7 governor who has raised interest rates, I just haven't happened to have done it here.

  • Encana's operating profit nearly doubles Wednesday, 12 Nov 2014 | 6:14 AM ET

    Nov 12- Encana Corp, Canada's largest natural-gas producer, said its quarterly operating profit jumped 87 percent due to higher production of oil and natural gas liquids. The company's operating profit, excluding most one-time items, rose to $281 million, or 38 cents per share, in the third quarter ended Sept. 30 from $150 million, or 20 cents per share, a year earlier.

  • METALS-Copper steadies in narrow range, supplies in focus Wednesday, 12 Nov 2014 | 6:10 AM ET

    *Copper down 9 percent year-to-date. LONDON, Nov 12- Copper prices held steady on Wednesday, remaining locked in a sideways trading range, as lacklustre demand and expectations of more supplies next year capped gains. Copper has stayed in a narrow range between $6,500 and $6,800 since mid-September, and some analysts expect prices could weaken further towards...

  • *Russia involved in nuclear construction deals with Iran. Deputy Foreign Minister Sergei Ryabkov said Russia, which agreed on Tuesday to build up to eight new nuclear reactor units in Iran, was doing all it could to help secure the agrement which would provide assurances to the West that Tehran's programme was not intended to build weapons.

  • OECD: Big economy growth stable, but Germany weakening Wednesday, 12 Nov 2014 | 6:00 AM ET

    PARIS, Nov 12- The world's major economies show stable economic momentum but the euro zone continues to lose steam, notably in Germany and Italy, while Japan and Britain may be faltering too, the OECD said on Wednesday. The prediction, based on what the Paris- based Organisation for Economic Co-operation and Development calls a leading indicator to flag turning...

  • *Gold' fix' to be replaced by electronic platform. LONDON, Nov 12- Swiss regulator FINMA said on Wednesday that it found a "clear attempt" to manipulate precious metals benchmarks during its investigation into precious metals and foreign exchange trading at UBS. "The behaviour patterns in precious metals were somewhat similar to the behaviour patterns in foreign...

  • LONDON, Nov 12- The joint statement by the United States and China on climate change, issued on Wednesday, is more important for its political and diplomatic symbolism than any practical effect it might have in reducing emissions. The statement reiterates policies China and the United States have been developing on their own and contains no new binding limits...

  • Nov 12- Canadian Solar Inc's third-quarter profit nearly doubled, helped by the sale of five utility-scale solar power plants in Canada. Net profit attributable to the company rose to $104.2 million, or $1.75 per share, from $55.8 million, or 95 cents per share, a year earlier. Revenue shot up 47 percent to $914.4 million.

  • DUBAI, Nov 12- The impact of the Ebola outbreak, regional conflict and an uncertain global economic outlook will remain a drag on the airline industry, Dubai's flagship carrier Emirates said on Wednesday after reporting higher first-half net profit. The world's fourth-largest carrier of international passengers posted a profit of 1.9 billion dirhams for...

  • *Corporate updates knock UK retailers. LONDON, Nov 12- European shares and core bond yields fell on Wednesday, bucking a strong performance in Japan, with bank stocks under pressure following a landmark $3.4 billion settlement over allegations of price-fixing in currency markets. Regulators imposed penalties totalling $3.4 billion on UBS, Citigroup, HSBC,...

  • ADVISORY-US jobs data alerts repeated in error Wednesday, 12 Nov 2014 | 4:50 AM ET

    Nov 12- Alerts first released on Friday Nov. 7 detailing the U.S. non-farm payroll data were repeated in error at 0937 GMT Wednesday.

  • Europe shares fall; banks mixed after forex probe fines Wednesday, 12 Nov 2014 | 4:48 AM ET

    *HSBC, RBS, UBS, Barclays in focus after forex probe fines. The regulators imposed penalties totalling $3.4 billion on UBS, Citigroup, HSBC, Royal Bank of Scotland and JP Morgan. HSBC was down 0.9 percent and RBS dipped 0.2 percent, while the Frankfurt- listed shares of JPMorgan and Citi were down 0.6-0.9 percent.

  • UPDATE 2-Burberry says foreign exchange impact to fade Wednesday, 12 Nov 2014 | 4:35 AM ET

    *Burberry H1 adjusted profit before tax 152 million pounds. Burberry reported an adjusted profit before tax of 152 million pounds for the six months to Sept. 30, which was broadly in line with forecasts. Burberry said demand from the Chinese, which fell significantly in recent months, had not really improved while spending by the Russians, which have seen the value...

  • LONDON, Nov 12- Barclays did not join a group settlement over the alleged manipulation of foreign exchange rates because of complications with its regulator in New York, people familiar with the matter said. London- based Barclays is regulated by the New York State Department of Financial Services, unlike any of the other five banks who agreed a $3.4 billion...

  • *OPEC could cut output by 500,000 bpd at Nov meeting- delegates. With oil prices having fallen 30 percent since June, OPEC delegates are starting to suggest the producer group could informally cut output by around 500,000 barrels per day when it meets in Vienna on Nov. 27. "The consensus view is OPEC won't take any action, or if it does, not big enough or sufficiently...

  • EXCLUSIVE-Honda grandees chide CEO over quality, recalls Wednesday, 12 Nov 2014 | 4:17 AM ET

    BEIJING/ TOKYO, Nov 12- Two former Honda Motor chiefs have called on CEO Takanobu Ito this year, urging him to focus more on quality issues, increasing the pressure he's already under from U.S. regulators and politicians over mass air bag recalls. Nobuhiko Kawamoto and Hiroyuki Yoshino made separate visits to Ito at the Japanese car maker's Tokyo headquarters,...

  • UPDATE 1-Russia's rouble steady after central bank float Wednesday, 12 Nov 2014 | 4:15 AM ET

    MOSCOW, Nov 12- Russia's rouble held steady on Wednesday after several days of volatile trading and a central bank decision to float the currency, with investors cautious after the bank warned of large forex market interventions to punish "speculators". Prices for benchmark Brent crude futures, which slipped below $81 a barrel on Wednesday and were near their...

  • *China also looking to raise clean energy to 20 pct of total. BEIJING, Nov 12- China and the United States agreed on Wednesday to new limits on carbon emissions starting in 2025, but the pledge by the world's two biggest polluters appears to be more politically significant than substantive. "The statement is a upbeat signal to motivate other countries but the...

  • DUBAI, Nov 12- Shares in Saudi Arabia's biggest lender, National Commercial Bank, jumped their daily 10 percent limit upon listing on Wednesday after a $6 billion IPO, the largest ever in the Arab world and the second-biggest globally this year. Bahrain- based Securities& Investment Co rated NCB a "high conviction buy" with a target price of 72 riyals, citing its...