Latest Business News Wires - Business Headlines


  • April 7- Nigeria plans to reweight its inflation index to 2009 by the end of the year, from 2004, to reflect the impact of non-food items on prices more accurately, the statistics bureau told Reuters on Monday.

  • *Ukraine says Russia playing out "Crimean scenario" in east. NEW YORK, April 7 (Reuters)- Brent crude oil dropped by $1 on Monday, snapping a two-day rise and taking U.S. crude with it after Libyan rebels occupying four eastern oil ports agreed to end an eight-month blockade, raising the prospect of increased supply to world markets.

  • At midnight a deadline expires for Ukraine to reduce the $2.2 billion debt it owes Moscow for natural gas deliveries. So far Ukraine has offered no payments, Moscow says, raising the risk of supply disruption, with possible knock-on effects for the European Union.

  • MOSCOW, April 7- Ukraine has made no payments to Gazprom despite a midnight deadline to reduce its $2.2 billion debt for natural gas supplies, the Russian gas producer said on Monday. Ukraine has missed deadlines in the past without punishment but Gazprom has suggested it might ask Kiev to pay in advance for gas if it does not meet the monthly deadline.

  • April 7- Honeywell International Inc promoted two executives to the position of vice chairman and named a new chief financial officer as part of a series of senior leadership changes announced by the U.S. diversified manufacturer on Monday.

  • Researchers at Wichita State and Embry-Riddle Aeronautical universities who conducted the study said airlines delivered their best performance in 2013 in the 23- year history of the quality rating.

  • LONDON, April 7- The London Metal Exchange said on Monday it plans to launch a physically-settled aluminium premium contract and may expand it to other metals.

  • WASHINGTON, April 7- Teva Pharmaceutical Industries Inc on Monday asked the U.S. Supreme Court to prevent an appeals court ruling from going into effect while the justices consider the company's appeal in a patent fight over top-selling multiple sclerosis drug Copaxone.

  • MOSCOW, April 7- The management of Russia's top gas producer Gazprom has recommended the board approve a 20 percent increase in dividend payouts on 2013 results, the company said on Monday. Gazprom had expected to offer between 6 and 8 roubles per share, and 7.2 roubles exceeds some analysts' expectations.

  • *Bouygues, Iliad fall; Numericable spikes on SFR deal. LONDON, April 7- European equities retreated on Monday after a three-week rally, led down by French companies Iliad and Bouygues on expectations that a failed acquisition bid by Bouygues would hurt the earnings of both.

  • LONDON, April 7- Reverse flows of natural gas from Europe to Ukraine to help it handle Russian price and supply cuts would be possible within hours once the infrastructure is in place, but the flows could require approval from Russia's Gazprom first.

  • Known as Russia's answer to Facebook, VKontakte has been the focus of an ownership battle since last April when the United Capital Partners fund bought 48 percent of the shares, becoming its then biggest shareholder.

  • SANTIAGO, April 7- The chief executive officer of Chilean miner Antofagasta Minerals Plc said on Monday he sees China's economic problems as minor and doesn't believe a crisis brewing. The miner's $1.9 billion Antucoya copper project is on time and on budget, CEO Diego Hernandez also told Reuters on the sidelines of the CESCO/CRU copper conference in Santiago.

  • *MannKind stumbles; FDA extends drug review date. However, other names such as Facebook Inc, up 1 percent to $57.33 and Gilead Sciences Inc, up 0.8 percent at $72.76, were able to reverse initial declines.

  • NEW YORK, April 7- The dollar fell against major currencies on Monday after last week's slightly lower-than-expected U.S. payrolls data, while European Central Bank policymakers' comments curbed expectations for more stimulus and boosted the euro. U.S. employers added 192,000 jobs in March after adding 197,000 in February, the Labor Department said Friday.

  • LONDON, April 7- Gold inched lower on Monday, easing below $1,300 an ounce, as investors cashed in gains following its biggest one-day jump in three weeks, after a soft monthly jobs report last week allayed worries about an early rise in U.S. interest rates. Gold futures for April delivery lost 0.3 percent to $1,299.60 an ounce.

  • *Senegal says 7 pct growth target within reach. Fast-growing African economies represent a "land of opportunity" for investors and those deterred by short-term turbulence in emerging markets will be the losers in the long run, Senegal's president said on Monday.

  • *Fed to buy $900 mln to $1.15 bln in long-dated bonds. NEW YORK, April 7- U.S. A selloff in Wall Street shares also supported demand for U.S. government debt.

  • KIEV, April 7- Ukraine's ecology and natural resources minister estimated on Monday that Kiev had lost natural resources and related assets worth 127 billion hryvnias when Russia annexed the Crimea region.

  • FACTBOX-Technical requirements to reverse gas flows Monday, 7 Apr 2014 | 10:04 AM ET

    LONDON, April 7- Ukraine is in emergency talks with the European Union on importing natural gas from the West following a leap in the price it pays for Russian supplies and a crisis in relations between Kiev and Moscow. Most of Europe's gas pipelines were designed to only send gas in one direction, for instance from Russia westward through Ukraine and into the EU.