Latest Business News Wires - Business Headlines


  • SINGAPORE, June 2- Gold slid for a fifth straight session on Monday, in its longest losing streak since November, as investor sentiment was hurt by stronger global equities and weak physical demand in Asia. *Spot gold eased 0.3 percent to $1,247.20 an ounce by 0028 GMT. *Gold is often seen as an investment-hedge to riskier assets such as equities.

  • *U.S. crude futures for July delivery rose 32 cents to $103.03 a barrel by 0013 GMT, after finishing 87 cents lower on Friday. *Iraq threatened on Sunday to take legal action against any buyer of oil exported via a new pipeline from the autonomous Kurdistan region to Turkey, while the destination of the first cargo was still unclear.

  • *Record Wall St high, upbeat China data lift Asia shares. TOKYO, June 2- Tokyo shares led Asia higher early on Monday, lifted by another closing record on Wall Street and upbeat China data, while the euro held recent gains against the dollar but remained shaky ahead of a closely watched European Central Bank meeting.

  • TOKYO, June 2- The dollar edged up slightly in early Asian trade, while the euro came under pressure as the market braced for further stimulus measures from the European Central Bank this week.

  • SEOUL, June 2- South Korea's manufacturing activity fell to a nine-month low in May as new export orders shrank, a private-sector survey showed on Monday, adding to signs of a softening recovery in Asia's fourth-largest economy.

  • WASHINGTON, June 1- The U.S. Environmental Protection Agency plans on Monday to propose a 30 percent cut in carbon dioxide emissions from the country's existing power plants by 2030, people briefed on the proposal told Reuters. The White House and the EPA declined to confirm or comment on the rules before they are released.

  • SINGAPORE/ HONG KONG, June 2- Lurking beneath Malaysia's solid investment-grade sovereign rating is a risk posed by a $14 billion investment fund that is not even generating enough cash from operations to cover interest costs.

  • CHICAGO, June 1- U.S. researchers are finalizing plans to test two immunotherapy drugs made by Bristol-Myers Squibb Co on patients newly diagnosed with the most common form of deadly brain tumors in adults.


  • DOHA, June 1- On New Year's Day, 1914, Abe Pheil squeezed into the open cockpit of a Benoist Type XIV boatplane in St. Petersburg, Florida, and became the world's first airline passenger, flying 20 miles in 23 minutes for a specially auctioned fare of $400.

  • NEW YORK- New York state's top banking regulator, Benjamin Lawsky, is asking BNP Paribas SA to fire some senior executives as part of a settlement of allegations that the French bank violated U.S. sanctions, two sources familiar with the matter say., moved, by Karen Freifeld, 930 words).

  • Fears that a looming U.S. fine on BNP Paribas over allegations it evaded U.S. sanctions against Iran and other countries for years hit France's biggest bank on Friday, driving its shares sharply lower.

  • NEW YORK, June 1- Bombardier Inc will begin tearing down the engine of its CSeries jetliner on Sunday to investigate its failure during maintenance testing this week, an aviation journal reported, heightening the risk of delay in producing the model for market.

  • DUBAI, June 1- Iran's smart set turned out in force for this year's Tehran Art Auction, spending a record amount as the country's modern and contemporary art scene thrives despite economic sanctions. The highest-selling pieces were two works by notable Iranian poet and painter, Sohrab Sepehri, "Untitled" and "Untitled" sold for $680,000 and $604,000 respectively.

  • The top films at the North American box office Sunday, 1 Jun 2014 | 12:37 PM ET

    LOS ANGELES/ NEW YORK, June 1- Following are the top 10 movies at North American box offices for the three days starting May 30, led by "Maleficent," according to studio estimates compiled by Reuters. $70.0 million 2 X Men: Days of Future Past............. $3.8 million 8 Million Dollar Arm.....................

  • *Battalion Vostok fighters say ranks include men from Russia, Ossetia, Chechnya. DONETSK, Ukraine, June 1- In flak jackets and mismatched camouflage fatigues, men from eastern Ukraine, Russia and Ossetia cleaned their weapons side by side in a former Ukrainian army base, now the headquarters of a separatist militia in the city of Donetsk.

  • *Air New Zealand places order for 14 jets. DOHA, June 1- European planemaker Airbus said the schedule for its A320neo jet was unaffected after smaller rival Bombardier called a halt to testing on its CSeries jet, which uses a similar engine to that planned for the A320neo.

  • ORLANDO, Fla., June 1- Eight hurricane-free years in Florida and a seller's market in catastrophe bonds have fortified the state against the cost of major storm damage as the 2014 Atlantic hurricane season starts June 1. "Florida is in its best position in a decade," said Robert Hartwig, president of the Insurance Information Institute.

  • But engine sales tend to generate slim profit margins at the front end, which could squeeze profits at Pratt and its parent United Technologies Corp.. So Pratt has been attacking costs before it boosts production to "try and get some improvement in... return on sales," Paul Adams said in an interview with Reuters.

  • ARBIL, Iraq, June 1- Iraq threatened on Sunday to take legal action against any buyer of oil exported via a new pipeline from the autonomous Kurdistan region to Turkey.