Early Movers: HD, BBY, URBN, DELL & More
Latest Business News Wires - Business Headlines
More
-
SINGAPORE, Dec 14- Brent crude rose toward $109 a barrel on Friday on a brighter outlook for China's economy, the world's second largest oil consumer, but worries about the impact of a possible U.S. fiscal crisis capped price gains.
-
*Despite big, fast-growing market, Apple has roadblocks in China. China is Apple's second-largest and fastest-growing market- it brings in around 15 percent of total revenue- but the company's failure to strike a deal with China Mobile means it is missing out on a large number of phone users.
-
HONG KONG, Dec 14- Onshore China shares posted their sharpest gains in more than three years on Friday amid speculation of new state-backed buying in mainland markets. The CSI300 Index of the top Shanghai and Shenzhen listings closed up 5.1 percent at 2,355.9, while the Shanghai Composite Index soared 4.3 percent.
-
NEW DELHI, Dec 14- India's wholesale inflation cooled to its weakest pace in 10 months in November, a positive sign for the struggling economy but probably not a big enough slowdown to persuade the central bank cut interest rates next week.
-
TOKYO, Dec 14- Japanese government bonds mostly slipped on Friday, with benchmark yields touching their highest level this month, as investors braced for a weekend election likely to bring the conservative Liberal Democratic Party back to power and set the stage for more fiscal and monetary stimulus.
-
TOKYO, Dec 14- Japan's Nikkei average inched down on Friday as investors were cautious ahead of this Sunday's general election, with strong expectations that the main opposition party, which favours aggressive easing, is set for victory. The Osaka Securities Exchange said after the close that Nikkei futures were settled at 9,720.36. "
-
SHANGHAI, Dec 14- China's yuan weakened on Friday with bullish market sentiment curbed by what traders suspected was central bank intervention keeping a lid on volumes and volatility.
-
SINGAPORE, Dec 14- Brent crude rose above $108 a barrel on Friday on a brighter outlook for China's economy, the world's second largest oil consumer, but worries about the impact of a possible U.S. fiscal crisis capped price gains.
-
*Flash PMI rises to 50.9, highest in 14 months. BEIJING, Dec 14- China's vast manufacturing sector expanded in December at its fastest pace in 14 months as new orders and employment rose, a survey showed on Friday, adding to evidence of a pick up in the economy that helped to boost market sentiment.
-
TOKYO, Dec 14- Japan's Nikkei average inched down on Friday, ahead of Sunday's general election, with strong expectations that the main opposition party, which favours aggressive easing, is set for victory. The Nikkei ended 0.1 percent lower at 9,737.56, but was still near its eight-month closing high reached in the previous session.
-
Spreadbetters expect London's FTSE 100 to open flat to up 3 points, or 0.1 percent, Frankfurt's DAX to open 6 to 19 points higher, or 0.3 percent, and Paris' CAC 40 to open flat to up 4 points, or 0.1 percent.
-
*California would apply its own rules to razor maker. Dec 14- A landmark agreement forged 45 years ago to make corporate taxation more uniform among U.S. states is at the center of a court fight between California and Gillette Co, potentially leading to more tax conflict between states and big businesses.
-
WASHINGTON, Dec 14- The tax break that U.S. states, cities and counties get on the bonds they issue is in growing jeopardy now that Republicans, in addition to Democrats, are considering limits on the exemption. The "fiscal cliff" refers to sharp tax increases and spending cuts that take effect in 18 days unless Congress intervenes soon.
-
*Australia contractor Leighton selling NextGen to cut debt. HONG KONG, Dec 14- KKR& Co LP has jumped into the auction for the fibre-optics business being sold by Australian contractor Leighton Holdings Ltd, a source familiar with the process told Reuters, eyeing a business that analysts say could fetch as much as A $870 million.
-
NEW YORK, Dec 14- Oil prices rose on Friday on expectations for improved demand in China after data showed the manufacturing sector in the world No. 2 oil consumer expanded in December at its fastest pace in more than a year.
-
WASHINGTON, Dec 14- The "fiscal cliff" impasse is raising the odds that Congress will fail to meet a year-end deadline to avert steep tax hikes and budget cuts that could push the nation into another recession.
-
OTTAWA, Dec 14- Canadian Finance Minister Jim Flaherty spoke to U.S. Treasury Secretary Tim Geithner on Friday about the fiscal cliff, Flaherty said, noting that failure to resolve the issue would affect Canadian growth and create uncertainty.
-
TOKYO, Dec 14- Economists have stood by forecasts of Japan making a fragile recovery early next year to exit a shallow recession, with high expectations that an election on Sunday will usher in a new government intent on aggressive monetary easing, a Reuters poll showed on Friday.
-
Dec 14- The Federal Reserve has deployed a range of unorthodox tools to spur recovery from the worst recession in decades and in doing so has also made commitments about how long it plans to use them.
-
Dec 14- David Coolidge may still be the king of U.S. natural gas hedge fund managers but his $2 billion Velite Capital has made less than half of last year's money while one of his biggest rivals is headed for a loss in an unusually tricky year for traders.