Latest Business News Wires - Business Headlines


  • *Q2 oper profit 969 mln euros vs Rtrs poll avg 965 mln. FRANKFURT, July 29- German industrial gases maker Linde reported a decline in quarterly profits on Tuesday, hit by unfavourable foreign exchange rate fluctuations.

  • SYDNEY/ SINGAPORE, July 29- The dollar held near a six-month peak against a basket of currencies on Tuesday ahead of this week's Federal Reserve policy review, while the kiwi slipped after dairy giant Fonterra cut its forecast payout to farmers.


  • -Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, July 29- China's refineries produced the most fuel on record in June and oil consumption reached the highest in 17 months, but there are still doubts as to the true strength of demand.

  • *China& Hong Kong shares buoyed by economic& stimulus hopes. "The recent rally of Hong Kong and China stock markets is pretty much liquidity-driven due to favorable fund flow. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.33 percent to be just a whisker from a peak last touched in April 2011.

  • *Weak U.S. housing data offset by strong earnings. TOKYO, July 29- Tokyo shares rose to a fresh six-month closing high on Tuesday, buoyed by a weaker yen and robust earnings from blue chips like Nissan Motor Co, suggesting some sectors were weathering the impact of a recent sales tax hike.

  • China's Hangzhou city eases home purchase restrictions Tuesday, 29 Jul 2014 | 1:46 AM ET

    HONG KONG, July 29- Hangzhou, one of the cities in China most deeply affected by an oversupply of housing and weakening property prices, has announced fresh moves to ease home purchase restrictions, following similar steps taken by other city governments.

  • *Israel warns of protracted war in Gaza. SINGAPORE, July 29- Oil prices slipped for a second session on Tuesday, with Brent edging down toward $107 a barrel, as ample supply offset geopolitical tensions in the Middle East, Africa and Europe.

  • BUENOS AIRES, July 29- Factory owner Norberto Garcia was poised to launch a series of new toys this year after grafting hard for the past decade to rebuild his business following Argentina's 2001-2002 economic crash and debt default. Rather than sink 2.8 million pesos into expanding production lines, he plans to cap the investment at 1.8 million pesos.

  • NEW YORK, July 28- Argentina has fought in court for a dozen years against the claims of holdout investors in its defaulted debt, and Argentina has lost. Argentina defied court-ordered demands to pay all its bondholders by a June 30 deadline, and a 30- day grace period runs out this week.

  • *China South City drops after reports on bulk sale of its shares. HONG KONG, July 29- China shares hovered near the year's highs on Tuesday while Hong Kong's key index edged up from its best close in more than 3-1/ 2 years on spillover from improving views of the Chinese economy.

  • Reuters Business News Schedule at 0430 GMT/12.30AM ET Tuesday, 29 Jul 2014 | 12:32 AM ET

    With PlayStation network, Sony goes back to the future in search of revival. TOKYO- Japan's Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion lost in six years by building a future around its last consumer electronics blockbuster- the PlayStation.

  • Yuan strengthens for 6th day despite flat midpoint fix Tuesday, 29 Jul 2014 | 12:15 AM ET

    SHANGHAI, July 29- China's yuan firmed against the dollar for the sixth straight day on Tuesday, trading at its highest level since late March after the central bank kept the official guidance rate flat. The People's Bank of China set the midpoint rate at 6.1615 per dollar prior to market open, unchanged from the previous fix.

  • *Japan jobs-applicants ratio hits 22- year high. TOKYO, July 29- Job availability in Japan hit its highest in 22 years in June as companies grew more confident about hiring, and household spending rebounded modestly- reinforcing expectations economic recovery will resume in the third quarter without the need for additional stimulus from the central bank.

  • Monsanto Co., Dow Chemical and other GMO crop backers last summer kicked off an interactive website, called GMO Answers, as the centerpiece of a broad effort to win over consumers.

  • *Dollar index holds near six-month peak, euro eight- month trough. SYDNEY/ SINGAPORE, July 29- The dollar held steady near a six-month peak against a basket of major currencies on Tuesday, as investors kept to the sidelines ahead of a policy review by the Federal Reserve.

  • Brent dips toward $107 as ample supplies weigh Monday, 28 Jul 2014 | 11:47 PM ET

    *Israel warns of protracted war in Gaza. SINGAPORE, July 29- Oil prices slipped for a second session on Tuesday, with Brent edging down toward $107 a barrel, as ample supply offset geopolitical tensions in the Middle East, Africa and Europe.

  • JGBs steady in quiet trade ahead of US economic events Monday, 28 Jul 2014 | 11:38 PM ET

    TOKYO, July 29- Japanese government bonds were mostly steady after a quiet morning session characterized by low trading activity as investors looked ahead to several key events and data this week.

  • BEIJING, July 28- Microsoft Corp appears to be the latest U.S. company targeted by China for anti-trust investigation after government officials paid sudden visits to the software firm's Chinese offices on Monday.

  • *Geopolitical tensions support $1,300- an-ounce level. SINGAPORE, July 29- Gold was little changed just above $1,300 an ounce on Tuesday, supported by geopolitical tensions in the Middle East and Ukraine, with investors also focusing on U.S. jobs data and a Federal Reserve policy meeting this week.