GO
Loading...

Latest Business News Wires - Business Headlines

More

  • UPDATE 2-Brent falls below $83 on weak fundamentals Thursday, 6 Nov 2014 | 3:09 AM ET

    SINGAPORE, Nov 6- Brent crude reversed gains to fall below $83 a barrel as a fragile economic outlook overturned short-term optimism over a lower-than-expected rise in U.S. crude stocks and solid U.S. job growth that had provided temporary relief. Tensions in Libya, where gunmen seized the major El Sharara oilfield, became less of a focus. Air strikes by a U.S.-led...

  • MADRID, Nov 6- Spanish oil firm Repsol posted a 41 percent rise in underlying third-quarter net profits on Thursday, boosted by a sharp improvement in refining margins, lower financial costs and a recovery in production in Libya. While the move would cut the group's heavy exposure to conflict-ridden regions such as Libya and Venezuela, which dented profits in...

  • BHP's U.S. oil export plan met by caution in Asia Thursday, 6 Nov 2014 | 3:02 AM ET

    SINGAPORE, Nov 6- Asian buyers of condensate said they would be wary of taking cargoes of the ultra-light oil that BHP Billiton Ltd plans to export from the Gulf of Mexico without explicit approval from the U.S. government. South Korea's GS Caltex and Japan's Cosmo Oil Co were the first Asian refiners to buy U.S. condensate after the United States relaxed a 40- year...

  • SHANGHAI, Nov 6- Shares in China Sinotrans Ltd, one of the country's largest logistics firm, rose over 3 percent on Thursday after it said its operations were unaffected by a report about an alleged financing scam at its sister company. "The Company clarifies that the subject of the media report does not relate to the operations of the Company or any of its...

  • BSkyB to own 87 percent of Sky Deutschland Thursday, 6 Nov 2014 | 3:00 AM ET

    LONDON, Nov 6- British pay-TV group BSkyB is to own a bigger-than-expected 87 percent of Sky Deutschland once its takeover closes, increasing its leverage but also its future earning power from European expansion. Britain's dominant pay-TV provider agreed in June to pay $9 billion for Rupert Murdoch's 57- percent stake in Sky Deutschland and all of Sky Italia...

  • LONDON, Nov 6- AstraZeneca raised its 2014 sales forecast for the second quarter in a row on Thursday, as the delayed arrival of Nexium generics in the United States kept cash flowing from the heartburn and ulcer pill. Britain's second biggest drugmaker, which saw off a $118 billion takeover approach from Pfizer in May, now expects revenue to grow slightly this...

  • TOKYO, Nov 6- Australia's Woodside Petroleum is in talks with East Timor on building an onshore gas plant, potentially removing one of the major barriers to developing gas fields that could provide billions of dollars to one of the world's poorest countries. Another major obstacle is a dispute between East Timor and its wealthy neighbour Australia on sharing...

  • *Gold, silver trade near 2010 lows. SINGAPORE, Nov 6- Gold edged up slightly on Thursday as the dollar took a breather after a sharp rally, but the safe-haven metal continued to languish near its lowest level since April 2010 with fears mounting that $1,000 an ounce is the next target. "Don't try to catch a falling knife," ABN Amro analyst Georgette Boele said regarding...

  • UPDATE 1-UK grocer Morrisons' sales fall again Thursday, 6 Nov 2014 | 2:31 AM ET

    LONDON, Nov 6- Morrisons, Britain's No. 4 grocer, posted another big fall in quarterly underlying sales, as competition from discounters and a move to cut prices compounded the weak overall food market. The Bradford, northern England, based group, which trails market leader Tesco, Wal-Mart's Asda and J Sainsbury in annual sales, said on Thursday sales at stores open...

  • Cobham maintains guidance, to return to growth in 2015 Thursday, 6 Nov 2014 | 2:25 AM ET

    LONDON, Nov 6- British engineer Cobham maintained its 2014 guidance for organic revenue decline in the low-to-mid single digits, with a return to growth pencilled in for next year when U.S. defence cuts moderate and other markets pick-up. Cobham said on Thursday that trading in the first nine months of the year had been in line with expectations and its plan to...

  • METALS-Copper drops as supply, U.S. dollar rise Thursday, 6 Nov 2014 | 2:18 AM ET

    SYDNEY, Nov 6- London copper edged lower on Thursday, under further pressure from a stronger U.S. dollar and more signs of slowing economic growth in Europe and China. Copper was finding only limited support from comments by Peru's deputy mines minister that output in the world's No.3 copper producer would be less than previously touted, suggesting an...

  • LONDON, Nov 6- AstraZeneca raised its 2014 sales forecast for the second quarter in a row on Thursday, as the delayed arrival of Nexium generics in the United States kept cash flowing from the heartburn and ulcer pill. Britain's second biggest drugmaker, which saw off a $118 billion takeover approach from Pfizer in May, now expects revenue this year to grow in low...

  • RUSSIAN CENTRAL BANK SAYS HAS SHIFTED BOUNDARIES OF ITS FLOATING ROUBLE CORRIDOR BY 5 KOPECKS.

  • UK grocer Morrisons' sales fall again Thursday, 6 Nov 2014 | 2:14 AM ET

    LONDON, Nov 6- Morrisons, Britain's No. 4 grocer, posted another big fall in quarterly underlying sales, as it continued to be hurt by its move to cut prices to counter a loss of market share to the discounters and by a weak overall food market. The Bradford, northern England, based group, which trails market leader Tesco, Wal-Mart's Asda and J Sainsbury in annual sales,...

  • China shares end up, railway and techs support Thursday, 6 Nov 2014 | 2:05 AM ET

    SHANGHAI, Nov 6- China shares ended slightly firmer on Thursday, reversing earlier losses, as railway and tech stocks pulled up the wider market on news of business-friendly policies for these sectors from Beijing. Domestic software-related shares performed well after Premier Li Keqiang said China would strengthen law enforcement of intellectual...

  • RUSSIAN CENTRAL BANK SAYS CONDUCTS NO FOREX MARKET INTERVENTIONS ON OCT 31.

  • TOKYO, Nov 6- Asian shares and commodity currencies stumbled on Thursday as prices for a host of commodities retreated on lingering concerns over slower global growth, while Tokyo stocks stepped back after posting large gains in a Bank of Japan-inspired rally. European shares are seen falling, with spread-betters expecting Britain's FTSE to decline 0.3...

  • UPDATE 1-Archer Daniels Midland names Juan Luciano CEO Thursday, 6 Nov 2014 | 1:35 AM ET

    Nov 6- U.S. agribusiness company Archer Daniels Midland Co named Juan Luciano chief executive, effective Jan. 1. Luciano, who holds an industrial engineering degree from the Buenos Aires Institute of Technology, previously worked with the Dow Chemical Co.. ADM, along with Bunge Ltd, Cargill Inc and Louis Dreyfus Corp, are known as the "ABCD" companies, which dominate...

  • HONG KONG, Nov 6- The global journey of the Chinese currency is set to enter a new stage with the first yuan clearing bank in the Americas, to be launched in Canada soon, boding well for the growth of a yuan deposit pool and investor participation there. Canada is expected to finalise the creation of a yuan clearing center, sources familiar with the government's talks...