Latest Business News Wires - Business Headlines



  • LONDON, April 9- The World Health Organisation wants a "concerted effort" to drive down the cost of new hepatitis C drugs that offer a cure for the liver-destroying virus but are unaffordable for most infected people worldwide.

  • European shares gain as auto stocks pick up speed Wednesday, 9 Apr 2014 | 6:53 AM ET

    LONDON, April 9- European shares rebounded on Wednesday, led by automakers, although caution ahead of the European earnings season could keep gains under check. Volkswagen rose 2.8 percent and Porsche 3.9 percent after Bernstein raised its ratings for the shares, traders said. It also said Volkswagen had extensive exposure to a European market recovery.

  • *China trade balance, GDP data in focus. *Copper surplus looms as mine supply ramps-up. LONDON, April 9- Copper eased on Wednesday, slipping from a one-week high hit in the previous session, depressed by concern that an economic slowdown in top consumer China could hit demand for industrial metals.

  • ZURICH, April 9- Swiss bank Julius Baer sees itself reaching an agreement with the U.S. authorities in a dispute over tax in the foreseeable future, its chief said on Wednesday, giving the clearest indication yet of when a resolution might be expected.

  • LONDON/ ATHENS, April 9- Bailed-out Greece is set to end its four-year exile from bond markets on Thursday with a five-year issue, three sources said on Thursday.

  • MOSCOW, April 9- The Russian unit of German retailer Metro now has four banks working on its delayed initial public offering, with Morgan Stanley and Citibank working alongside Goldman Sachs and Sberbank, three financial sources said. Citibank and Goldman Sachs declined to comment.

  • LONDON, April 9- Vice Media, the New York- based group whose edgy reportage has proved a hit with young people, plans to sell more content to mainstream TV groups after signing such a deal with "American Idol" producer Fremantle Media, it said on Wednesday.

  • *Russia seeks to reassure West, Ukraine over troops. LONDON, April 9- Brent futures steadied above $107 a barrel as tension escalated over Ukraine, but a steep rise in crude oil stockpiles in the United States weighed on prices.

  • MOSCOW, April 9- Russia's Gazprom and China may sign a landmark gas deal next month, a Russian official said on Wednesday, marking some progress in a long-stalled agreement that would boost Moscow's efforts to turn eastwards away from Western sanctions.

  • Federal Reserve's latest policy meeting, as concerns over tensions in Ukraine balanced against a firmer dollar and fresh outflows from bullion-backed funds.

  • STOCKHOLM, April 9- Sweden's Volvo, the world's second biggest truck maker, has put a partnership with Russian battle-tank maker Uralvagonzavod on hold due to increasing tensions between Ukraine and Russia, the truck maker said on Wednesday.

  • *Greece sees signs of better times. PIRAEUS, Greece, April 9- Nikos Mavrikos has fired half of his employees since 2010 as the Greek economy imploded, leaving his ship supply business on the verge of collapse. "People are slowly starting to trust Greece again," says Mavrikos, who hopes to take on even more employees soon at his family-owned business.

  • *U.S. says Russian agents stirring eastern Ukraine unrest. LONDON, April 9- Brent futures held above $107 a barrel as tension escalated over Ukraine, but a steep rise in crude oil stockpiles in the United States weighed on prices.

  • Second-in-line to Saudi throne denounces banks -media Wednesday, 9 Apr 2014 | 4:38 AM ET

    DUBAI, April 9- The second-in-line to the Saudi Arabian throne has denounced banks in the kingdom, saying they are contributing too little to society compared to what they take, Saudi media reported on Wednesday.

  • Stronger autos help European shares to gain ground Wednesday, 9 Apr 2014 | 4:38 AM ET

    LONDON, April 9- European shares advanced on Wednesday, with automakers leading the market higher on a positive growth outlook for some major companies, although caution ahead of the European earnings season could keep gains under check.

  • *Prices for stocks at China ports up more than 15 pct. HONG KONG, April 9- Producers of an alternative to refined nickel in China are expected to cut output as prices for ore imports have nearly doubled since end-February in the wake of a ban on shipments by top exporter Indonesia.

  • WARSAW, April 9- U.S. computing company Hewlett-Packard Co. will on Wednesday acknowledge "corrupt" activities in Poland, Polish Interior Minister Bartlomiej Sienkiewicz said. It's a breakthrough moment in Poland when a great international company acknowledges its corrupt activities in Poland, "Sienkiewicz told Polish public radio.

  • Sanctions trump patriotism for Russian banks in Crimea Wednesday, 9 Apr 2014 | 4:35 AM ET

    With Ukrainian and Western banks closing, Crimea's 2 million people have been forced to deal with a cash economy since Russia annexed the Black Sea peninsula last month- an illustration of the economic obstacles that might lie ahead for a contested region.

  • *Ukraine unrest keeps uncertainty simmering. It was an easier start for European bourses after a difficult couple of days during which tensions have escalated in Ukraine and the European Central Bank has tempered expectations of new mass asset-buying programme.