Latest Business News Wires - Business Headlines


  • UPDATE 1-Microsoft Xbox One to launch in China Sept 23 Wednesday, 30 Jul 2014 | 6:26 AM ET

    SHANGHAI, July 30- Microsoft Corp will launch its Xbox One gaming console in China on September 23, making it the first foreign company to start selling consoles in the world's third biggest gaming market after a ban on the devices was lifted this year.

  • July 30- U.S. health insurer WellPoint Inc said on Wednesday that profit fell in the second quarter, partly because of some higher administrative costs stemming from the healthcare reform law and new fees, but it still came in ahead of Wall Street estimates.

  • STOCKHOLM, July 30- Sweden's economy grew less than forecast in the second quarter, as exports were virtually flat, preliminary data showed, reinforcing expectations that interest rates will remain close to zero for at least another 12 months.

  • Cenovus' profit triples as oil sands production jumps Wednesday, 30 Jul 2014 | 6:21 AM ET

    July 30- Cenovus Energy Inc, Canada's No.2 independent oil producer, said its second-quarter profit more than tripled, helped by increased production at its Christina Lake oil sands project in northern Alberta.

  • LPL Financial profit falls 4.4 pct as costs rise Wednesday, 30 Jul 2014 | 6:19 AM ET

    July 30- LPL Financial Holdings Inc, one of the five biggest U.S. broker-dealers, reported a 4.4 percent drop in quarterly profit, as restructuring and other expenses increased. Net income fell to $43.1 million, or 42 cents per share, from $45.1 million, or 42 cents per share, a year earlier.

  • LONDON, July 30- Bankers who break rules on their conduct may have to hand back bonuses up to seven years after being awarded them, the Bank of England said on Wednesday as it unveiled some of the world's toughest curbs on the sector.

  • PARIS, July 30- PSA Peugeot Citroen reported a surprise surge in first-half cash flow and the first auto-division profit in three years, sending the French carmaker's shares soaring as its turnaround plan began to show results.

  • MILAN, July 30- Italy paid record low yields on Wednesday to sell five- and 10- year bonds as large redemption flows and expectations of further monetary easing in the euro area helped feed demand.

  • MOSCOW, July 30- Russia has prepared two different options for bailing out indebted coal miner Mechel both of which suggest an ownership change, President Vladimir Putin's top economic aide said on Wednesday. The decision is expected within days, Andrei Belousov told journalists. Mechel is controlled by businessman Igor Zyuzin.

  • *Has said he will fight if Russia resists paying $50 bln claim. MOSCOW/ TEL AVIV, July 29- Former Yukos executive and top shareholder Leonid Nevzlin will face an uphill struggle getting any of the money he lost when the Russian oil giant was seized and nationalised after falling foul of the Kremlin.


  • Microsoft Xbox One to launch in China Sept 23 Wednesday, 30 Jul 2014 | 5:56 AM ET

    SHANGHAI, July 30- Microsoft Corp will launch its Xbox One gaming console in China on September 23, Yusuf Mehdi, head of marketing and strategy for Microsoft's Xbox group said at an event in Shanghai on Wednesday. The Xbox One will be the first foreign-made console to be launched in China in 14 years after the government this year lifted a 2000 ban on gaming consoles.

  • *Says impact of Russia sanctions on Yamal LNG uncertain. PARIS, July 30- French oil major Total stopped buying shares in Russia's Novatek when a Malaysian airliner was shot down over Ukraine, but it is still too early to gauge the impact of western sanctions against Russia, Total said.

  • BRUSSELS, July 30- The European Union's deal to end a trade dispute over solar panels with China risks creating a downward spiral of prices, further damaging the EU producers it is designed to protect, their association said on Wednesday.

  • PREVIEW-China July official PMI seen hitting 8-month high Wednesday, 30 Jul 2014 | 5:31 AM ET

    BEIJING, July 30- Activity in China's vast factory sector likely expanded at the fastest pace in eight months in July, a Reuters poll showed on Wednesday, adding to evidence that the economy is regaining momentum after a burst of government stimulus measures.

  • *Manufacturing growth in China expands. LONDON/ SYDNEY, July 30- Lead and zinc fell on Wednesday as investors took profits after a rally by both metals this month, but a brighter global economic outlook could see industrial metals resuming their rise. Part of that is driven by improving macro sentiment, "said commodity analyst Ivan Szpakowski of Citi in Shanghai.

  • KIEV, July 30- Ukraine's economy contracted by 4.7 percent year-on-year in the second quarter in a sign of the impact of fighting in the east of the country. Kiev had initially expected a 3- percent fall year-on-year in the whole of 2014 but the conflict has put additional strains on the state budget and deepened Ukraine's recession.

  • MOSCOW, July 30- VTB, Russia's second-largest bank by assets, called sanctions imposed by the United States "politically motivated" and "unjust" on Wednesday but said it was confident it could raise capital if needed.

  • *Sales growth strong in Europe, but declines in Americas. *Europe business offers narrower range, sells more clogs. BERLIN, July 30- The success of Crocs Inc in Europe, where the U.S. shoemaker has focused on its trademark colorful foam clogs rather than branching into other products, proves the brand has a future despite difficulties at home, its European head said.

  • *European shares slip as Total hurt by Russia. LONDON, July 30- The euro hit an eight-month trough against the dollar on Wednesday and German bond yields were at record lows ahead of inflation data expected to boost the case for further European Central Bank policy easing.