Latest Business News Wires - Business Headlines


  • EU lawmakers vote to end mobile roaming fees Friday, 4 Apr 2014 | 1:21 AM ET

    The European Parliament voted to end mobile phone roaming fees by 2016 and barred telecoms operators from prioritizing some Internet traffic over others.

  • *Tencent down 19 percent since March 3 peak. SHANGHAI, April 4- Hong Kong shares were mixed on Friday, with gains in Chinese shares listed in the city overshadowed by tech losses and weighed by a sharp fall in Internet giant Tencent Holdings.

  • *Russia hikes gas prices for Ukraine by 80 pct. SINGAPORE, April 4- Brent crude steadied above $106 a barrel on Friday, but stayed on track for its biggest weekly fall in three months as Libya's major oil ports could open in days and boost supplies.

  • HONG KONG, April 4- Aircraft leasing company GE Capital Aviation Services plans to raise about $700 million in an initial public offering in Hong Kong, IFR reported on Friday, citing sources familiar with the plans. GECAS has already filed a listing application with the Hong Kong stock exchange, IFR said. Citigroup was hired to manage the GECAS IPO.

  • By Lisa Twaronite and Ian Chua. TOKYO/ SYDNEY, April 4- The dollar traded close to a five-week high against a basket of currencies in Asia on Friday, as investors positioned for the possibility of an upside surprise in U.S. non-farm payrolls due later in the day.

  • ISTANBUL, April 4- Ratings agency Fitch cut its growth forecast for Turkey to 2.5 percent from 3.2 percent for 2014, and to 3.2 percent from 3.8 percent for 2015, citing slower domestic lending growth and signs of moderation in consumer and investor confidence. In a note released on Friday, Fitch affirmed Turkey's ratings at BBB- with a stable outlook.

  • Arledge himself acknowledged on Wednesday that BNY Mellon is only in the early stages of a two-pronged strategy to gather assets from individual retail investors, but he pledged that the strategy will show tangible progress by this summer.

  • NEW YORK, April 4- In Indianapolis, an open house event tends to draw 10 people on a good day. "The realtor was dumbfounded," said Block, vice president of lending at Austin, Texas- based Open Mortgages, which has branches near Indianapolis.

  • Supreme Court ruling that struck down the overall cap on federal election contributions is sending ripples across American politics, as states have begun backing away from their own restrictions on donations and lawyers are forecasting a new wave of challenges to campaign finance laws nationwide.

  • "Companies are really digging in on identifying what areas it makes sense to focus their benefits programs," said Robert Newbury, director at pay consulting firm Towers Watson.

  • *Nigeria set to rebase GDP on Sunday. *Move seen as positive for investment in Nigeria. LAGOS, April 4- Nigeria will rebase its GDP on Sunday, the statistics office said, in a move that will boost its estimated size by anything from around 40 to 70 percent and is almost certain to push it ahead of South Africa to become Africa's biggest economy.

  • WASHINGTON, April 4- The U.S. economy likely created jobs at the fastest pace in four months in March as it shifted into a higher gear after being held back by a brutally cold winter. "It's looking like the economy is in the process of reaccelerating after a very severe winter," said Robert Dye, chief economist at Comerica in Dallas.

  • Fed's Fisher: forward guidance should not be binding Friday, 4 Apr 2014 | 12:30 AM ET

    Federal Reserve must avoid being locked into calendar-based policy commitments and instead ensure its forward guidance is flexible enough to allow it to respond to changing conditions, a top Fed official said in Hong Kong on Friday.

  • TOKYO, April 4- A global bond fund of Japan's Kokusai Asset Management, which has reigned as the top mutual fund in the country for more than 12 years, was knocked from the position by Fidelity's U.S. high-yield fund as investors become more enthusiastic about chasing higher returns.

  • GM hires crisis manager Jeff Eller - NYT Friday, 4 Apr 2014 | 12:08 AM ET

    April 4- General Motors has hired Jeff Eller as a crisis management adviser, the New York Times reported, as the automaker faces investigations over ignition switch defects linked to deadly crashes and mounting recalls.

  • Japan, India, South Korea and other Asian gas importers- who take about 70 percent of global liquefied natural gas exports- have been trying to form a buyers' club to use their dominant market presence to delink contract prices from oil and allow importing companies to resell any excess cargoes.

  • *Gold prices in tight range. *Platinum, palladium on track for weekly gains. SINGAPORE, April 4- Gold edged lower on Friday as the market nervously awaited U.S. nonfarm payrolls data, heading for its longest weekly losing streak in over six months as equities firmed and optimism grew about the U.S. economy.

  • April 3- Latino-focused channel NuvoTV is nearing a deal to buy Madison Square Garden Co's Fuse TV and may announce the deal on Friday, Bloomberg reported, citing people with knowledge of the matter. Fuse, an American music television network, reaches about 74 million homes through pay-TV systems including DirecTV and Dish Network Corp..

  • SHANGHAI, April 4- The rare and dramatic slide in the yuan exchange rate that has shaken the outlook for the currency is unlikely to last long as trade rebounds and capital inflows resume. That would mark a nearly 4 percent strengthening from the nadir of 6.2370 hit on March 21.

  • Brent stays above $106; Libya ports restart eyed Thursday, 3 Apr 2014 | 10:45 PM ET

    *Russia hikes gas prices for Ukraine by 80 pct. May Brent crude was at $106.17 a barrel, down 2 cents, by 0227 GMT on track for a weekly loss of more than 1 percent, the biggest since the week ended Jan. 3.