Latest Business News Wires - Business Headlines


  • LONDON, March 6- Copper and other base metals slipped on Thursday on investor concern over future demand in top metals consumer China after more details emerged about reform plans.

  • State giants China National Petroleum Corporation, Sinopec Corp and China Railway Corporation have said they were seeking investments from private capital and also social capital, or funds sourced from pension funds and insurance companies.

  • LONDON, March 6- The world's top banks have already added most of the capital they need to meet new solvency rules in full, five years ahead of a 2019 deadline set by regulators, global banking supervisors said on Thursday.

  • MOSCOW, March 6- Moscow stocks fell, reversing gains from early Thursday, and the rouble weakened further after reports that the parliament of Ukraine's Crimea had voted in favour of becoming part of Russia.

  • Staples says sales fall 10.6 pct, to close 225 stores Thursday, 6 Mar 2014 | 6:14 AM ET

    March 6- Staples Inc, the largest U.S. office supplies retailer, reported a 10.6 percent decline in quarterly sales, hurt mainly by a fall in same-store sales in North America, and said it planned to close 225 stores by 2015.. Staples' sales fell to $5.87 billion in the fourth quarter ended Feb. 1 from $6.57 billion, a year earlier.

  • March 6- Joy Global Inc, a mining equipment maker, reported a 66 percent fall in quarterly profit as coal miners cut spending due to weak prices caused by oversupply. The company's net income fell to $48.9 million, or 48 cents per share, in the first quarter from $142.1 million, or $1.33 per share, a year earlier.

  • *Efforts to resolve Ukraine crisis continue. LONDON, March 6- Gold inched lower on Thursday as diplomatic efforts to cool the Ukraine crisis depressed demand for assets seen as safe, but the metal found support above $1,330 an ounce from weak U.S. economic data and ahead of a key employment report.

  • UPDATE 3-Brent steadies near $108 on Ukraine diplomacy Thursday, 6 Mar 2014 | 6:02 AM ET

    LONDON, March 6- Brent crude steadied around $108 a barrel on Thursday as the West and Russia engaged in high-stakes diplomacy to cool the crisis in Ukraine. The North Sea benchmark has fallen $4 since peaking on Monday, when investors grew concerned over the crisis between Ukraine and Russia.

  • KIEV, March 6- Ukraine's government intends to honour its foreign and domestic debt obligations, a Ukrainian Finance Ministry official said on Thursday.

  • Europe fears gas shortages if Russia cuts off Ukraine Thursday, 6 Mar 2014 | 5:51 AM ET

    *Greece says Ukraine gas disruption' worst scenario'. BRUSSELS, March 6- European Union countries such as Poland and Greece are worried they may face gas shortages and economic damage if Russia stops pumping the fuel to Ukraine, with Kiev facing a Friday deadline to pay Moscow a $2 billion energy bill.

  • March 6- Canadian Natural Resources Ltd, Canada's No.2 oil and gas company, reported a 17 percent rise in quarterly profit, helped by higher output at its Pelican Lake project in Alberta.

  • *Crimea parliament votes to join Russia, referendum March 16. SIMFEROPOL, Ukraine, March 6- Crimea's parliament voted to join Russia on Thursday and its Moscow- backed government set a referendum within 10 days on the decision in a dramatic escalation of the crisis over the Ukrainian Black Sea peninsula.

  • U.S. seeks "talk and trade" to rebuild India ties Thursday, 6 Mar 2014 | 5:16 AM ET

    *India key focus of Obama's "rebalancing" towards Asia. NEW DELHI, March 6- The United States sought on Thursday to rebuild rocky ties with India, while stressing it would tackle differences "head on" in pursuit of its drive to quintuple bilateral trade in a decade.

  • BONN, Germany, March 6- Deutsche Telekom AG dashed hopes for a recovery in dividend payments by 2015 after scrapping its outlook for free cash flow to spend more money to win customers in the United States.

  • BEIJING, March 6- China's Juneyao Group, which operates an airline based in the eastern city of Shanghai, is in talks with planemakers Boeing and Airbus to order more than 20 planes, its chairman said on Thursday. The chairman, Wang Junjin, said the planes would be used for a budget carrier Juneyao plans to set up in the near future.

  • LONDON, March 6- Ukrainian dollar bonds fell around 1 cent on the dollar on Thursday towards the previous day's lows on concern about possible debt restructuring following comments by Ukraine's finance minister.

  • MOSCOW, March 6- The Russian central bank said on Thursday it was putting the Moscow subsidiary of Ukraine's Privatbank into temporary administration, but that it would not revoke the bank's licence. The central bank said in a statement the decision to appoint an interim administration for Moskomprivatbank was effective immediately.

  • BRUSSELS, March 6- European Union leaders meet for an emergency summit in Brussels on Thursday to discuss the crisis in Ukraine and how to respond to Russia's seizure of the Crimean peninsula.

  • ZURICH, March 6- Computer accessories maker Logitech raised its guidance for the fiscal year starting in April on Thursday, sending its shares up more than 6 percent. Chief Executive Officer Bracken Darrell said in a statement he was confident Logitech was on the right track with its turnaround strategy.