GO
Loading...

Latest Business News Wires - Business Headlines

More

  • HONG KONG, Feb 25- China's CSI300 share index suffered its largest one-day loss in seven months on Tuesday, as prices dropped sharply in the afternoon on renewed credit worries and a sharp drop in the yuan. The CSI300 of the leading Shanghai and Shenzhen A-share listings tumbled 2.6 percent in its biggest single-day loss since July 2013.

  • Feb 25- SunTrust Banks Inc said it may attract "substantial penalties" from on an ongoing mortgage-related probe and also disclosed a new investigation by the Department of Justice, according to a regulatory filing late Monday.

  • *Libya puts ministries under special budget rules after oil revenue slump. SINGAPORE, Feb 25- Brent futures eased on Tuesday on expectations that U.S. crude stocks were set to show a rise for a second straight week, but held above $110 a barrel on concerns over shortages following prolonged production outages in Libya and other exporters.

  • UPDATE 1-FMC forecasts 2014 profit decline Tuesday, 25 Feb 2014 | 1:55 AM ET

    FRANKFURT, Feb 25- Fresenius Medical Care forecast its net profit would shrink further this year after posting its first decline in 12 years for 2013 amid cuts to healthcare budgets in the United States, its most important market.

  • SINGAPORE, Feb 25- Ministers in 12- nation Trans-Pacific trade talks said on Tuesday they have made progress trying to finalise a deal during a four-day meeting in Singapore but several issues remain, particularly questions over market access.

  • TOKYO, Feb 25- The Nikkei average advanced to a four-week closing high on Tuesday after a rally in Wall Street shares to historic highs triggered short-covering in battered Japanese stocks. The Nikkei rose 1.4 percent to 15,051.60, its highest close since Jan. 29.

  • Market participants in Asia remained focused on China, where a recent spate of soft data has raised concerns about the outlook for growth, in addition to lingering fears about the impact of the government's efforts to cool the property market.

  • The neighborhood has created heartache for its residents, but it is also disappointing for Citigroup Inc, which helped finance Desarrolladora Homex, the site's developer and once Mexico's second-largest homebuilder. And some banking analysts say they fear the loan losses could be a taste of further emerging market credit losses to come for Citigroup.

  • UPDATE 1-Bitcoin exchange Mt. Gox's website down Tuesday, 25 Feb 2014 | 12:59 AM ET

    Feb 25- The website of Mt. Gox appears to be taken down, shortly after six major Bitcoin exchanges released a joint statement distancing themselves from the troubled Tokyo- based bitcoin exchange. On Sunday, Mark Karpeles, chief executive of Mt.

  • Feb 25- Money-transfer company Western Union Co is being probed by the Federal Trade Commission and a U.S. district court over fraud-induced money transfers, the company said in a regulatory filing on Monday. Western Union also said it has received multiple subpoenas since Nov. 25 from the U.S. attorney's office for the Middle District of Pennsylvania.

  • Bitcoin exchange Mt. Gox's website down Tuesday, 25 Feb 2014 | 12:30 AM ET

    Gox appears to be taken down, shortly after six major Bitcoin exchanges released a joint statement distancing themselves from the troubled Tokyo- based bitcoin exchange. On Sunday, Mark Karpeles, chief executive of Mt. Gox, resigned from the board of the Bitcoin Foundation, in a blow to the digital currency.

  • *Yuan falls below midpoint for first time since Sept, 2012. HONG KONG, Feb 25- China's spot yuan fell below the official midpoint rate for the first time since September 2012 on Tuesday, as economists and traders suspected the central bank had intervened to add volatility to the currency in preparation for reform.

  • BANGKOK, Feb 25- Thai exports fell in January and imports slumped, reflecting the deepening toll prolonged political unrest is taking on the economy and increasing pressure on the central bank to cut already-low interest rates.

  • *Industrial Bank partially halts funding ahead of more policy. HONG KONG, Feb 25- China shares hovered at their lowest in more than two weeks early on Tuesday, limiting gains in Hong Kong, with property developers staying under pressure as fears lingered the government would impose more lending curbs on the sector.

  • *Libya puts ministries under special budget rules after oil revenue slump. SINGAPORE, Feb 25- Brent futures eased on Tuesday on expectations U.S. crude stockpiles rose for a second straight week, but held above $110 a barrel on concerns over supply following prolonged outages in Libya and other exporters.

  • TORONTO, Feb 24- Canada's housing market is at risk of a meaningful correction, Nouriel Roubini said on Monday, though the economist known as "Dr.

  • *Gold faces resistance zone of $1,335- $1,338-. SINGAPORE, Feb 25- Gold ticked lower on Tuesday but held near its strongest level in four months, underpinned by concerns about economic growth in China and nervousness over Ukraine after acting President Oleksander Turchinov warned that his country was close to default.

  • SYDNEY, Feb 25- The Australian government said on Tuesday it is looking at ways to assist Qantas Airways Ltd after the carrier declined to comment on reports it is preparing to axe up to 5,000 jobs and sell some assets.

  • LIMA, Feb 24- Peru's President Ollanta Humala reappointed his finance minister in a major cabinet reshuffle late on Monday that also replaced the mines minister and made the current housing minister his fifth prime minister.

  • Quest for more lethal U.S. warship could raise cost Monday, 24 Feb 2014 | 10:13 PM ET

    Hagel announced the decision during a preview of the Pentagon's fiscal 2015 budget proposal, saying that growing threats in the Asia-Pacific region in particular meant the Navy needed to develop new small surface ships that could operate "in every region and along the full spectrum of conflict."