Latest Business News Wires - Business Headlines


  • *Rail workers to go on strike from 6 pm. FRANKFURT/ BERLIN, Sept 1- German rail workers' union GDL called a three-hour strike on Monday that will hit passenger and freight traffic across the country as it seeks to raise pressure on rail operator Deutsche Bahn in a pay dispute.

  • UPDATE 1-Iliad still in the hunt for T-Mobile US Monday, 1 Sep 2014 | 9:42 AM ET

    *Iliad offered $33 per share for 56.6 percent of T-Mobile US. PARIS, Sept 1- French low-cost telecom operator Iliad may improve its $15 billion offer for T-Mobile US but has set specific limits on how much money it would raise to fund any deal.

  • *Citi, Commerz, DB, ENBD, MS, Stanchart to arrange deal. DUBAI, Sept 1- Emirates NBD, Dubai's largest lender, plans to sell a benchmark-sized capital-boosting bond, a document from lead managers said on Monday, looking to take advantage of favourable markets to strengthen its reserves.

  • PARIS, Sept 1- Former French finance minister Pierre Moscovici has a "good chance" of being named to the European Commission's top economic and monetary role, according to a French diplomatic source.

  • LONDON, Sept 1- The European Union could ban gas exports and limit industrial use as part of emergency measures to protect household energy supplies this winter, a source told Reuters, as it braces for a possible halt in Russian gas as a result of the Ukraine crisis.

  • *Modi takes veiled swipe at China. TOKYO, Sept 1- Japan and India agreed on Monday to strengthen defence ties as Asia's second and third biggest economies keep a wary eye on a rising China, with India's Prime Minister Narendra Modi lashing out at the "expansionism" of some nations.

  • Booming budget surplus raises pressure on Germany Monday, 1 Sep 2014 | 8:50 AM ET

    *Germany achieves H1 budget surplus of 16.1 billion euros. BERLIN, Sept 1- Germany posted its biggest budget surplus since reunification in the first half of 2014, underscoring the strength of its finances at a time it faces growing pressure to loosen the fiscal reins and spend more to bolster growth in Europe.

  • SANTANDER, Spain, Sept 1- Telefonica plans to exit Telecom Italia once the Spanish group has finalised the purchase of Vivendi's Brazilian broadband unit GVT, its chairman said on Monday, ending a long-standing shareholding.

  • *UK manufacturing PMI hits 14- month low. LONDON, Sept 1- Britain's manufacturing revival slowed sharply last month as the Ukraine crisis crimped demand from abroad, further denting hopes for a more balanced economic recovery.

  • *Novartis boosts drugmakers on new drug prospects. LONDON, Sept 1- European shares edged higher to trade near a recent one-month peak on Monday, with mergers and acquisitions speculation surrounding British broadcaster ITV helping media stocks and Novartis leading drugmakers.

  • *European markets shrug off Ukraine/ Russia tensions. LONDON, Sept 1- European markets cautiously navigated warnings that the conflict in Ukraine was sliding out of control, focusing instead on whether the European Central Bank will strengthen its stimulus plans when it meets this week.

  • Worries about the impact on the euro zone's fragile recovery of the crisis in Ukraine also weighed on the currency, which fell as far as $1.3119 in Asia, lows not seen since Sept. 2013. Data on Monday showed factory activity across the euro zone cooled in August as the conflict between Russia and Ukraine took its toll.

  • MIAMI, Sept 1- When Charlie Crist last governed Florida, his green energy and climate policies made him few friends among the state's powerful electricity corporations.

  • INSIGHT-US inflation bonds back in vogue Monday, 1 Sep 2014 | 8:00 AM ET

    NEW YORK, Sept 1- U.S. investors are back in the hunt for inflation protection for the first time in two years as rising housing costs- particularly for rent- suggest inflation may finally be waking from its post-recession slumber.

  • HAVANA, Sept 1- Cuba has raised duties and restricted imports on consumer goods brought in by air travelers or sent by mail, imposing greater hardship for a fledgling private sector and angering people looking to counter chronic shortages.

  • BRUSSELS, Sept 1- Europeans could be barred from buying new Russian government bonds under a package of extra sanctions over Moscow's military role in Ukraine that European Union ambassadors were to start discussing on Monday, three EU sources said.

  • Denmark's Novo Nordisk launches Ryzodeg in Mexico Monday, 1 Sep 2014 | 7:52 AM ET

    COPENHAGEN, Sept 1- Novo Nordisk has launched its type 2 diabetes treatment Ryzodeg in Mexico, a combination drug that could reap the company billions in revenues in years to come. Ryzodeg combines insulin degludec, which Novo Nordisk calls Tresiba, and insulin aspart. Novo Nordisk expects to launch Ryzodeg in other countries within the coming year.

  • REYKJAVIK, Sept 1- A fissure eruption near Iceland's Bardarbunga volcano was still spouting lava on Monday but no ash, a day after an eruption that briefly caused the country to raise its ash alert level for aviation to its highest level.

  • *Escalating crisis in Ukraine, patchy Chinese recovery weigh. BANGALORE/ SYDNEY, Sept 1- Factory activity in Europe and Asia cooled in August after a strong July, as new orders dwindled in the face of escalating tensions in Ukraine and a patchy recovery in China, purchasing managers indexes showed.

  • *Modi takes veiled swipe at China. TOKYO, Sept 1- Japan and India agreed on Monday to strengthen strategic ties as Asia's second and third biggest economies keep a wary eye on a rising China, and said they would accelerate talks on the possible sale of an amphibious aircraft to India's navy.