Latest Business News Wires - Business Headlines


  • *Europe faces moment of truth in bank health checks. BRUSSELS, March 18- Euro zone countries must prepare to shut their failing "zombie" banks and quickly pool the money to do it, the bloc's top regulator said on Tuesday, ahead of a warts-and-all investigation of its still-fragile financial system.

  • *Ukraine PM offers Russia reassurance on NATO, militias. MOSCOW, March 18- Russian President Vladimir Putin, defying Ukrainian protests and Western sanctions, signed a treaty on Tuesday making Crimea part Russia but said he did not plan to seize any other regions of Ukraine.

  • *Lukoil seeks to tap unconventional deposits. KHOBAR, Saudi Arabia/ MOSCOW, March 18- Russia's Lukoil is negotiating a deal with the world's top oil exporter Saudi Arabia to tap unconventional gas deposits in the kingdom's " Empty Quarter" desert region, the company's overseas unit said.

  • MTS said the Securities and Exchange Commission in the United States had asked for "documents and information" related to its business in Uzbekistan, from which MTS was ousted in 2012. The SEC inquiry concerned "investigations into the activities of unaffiliated parties," MTS said.

  • *Oxfam campaigning directed at top 10 food and drink firms. PepsiCo said in a statement it had worked with Oxfam and other external experts on a new policy to prevent suppliers displacing any legitimate landowners.

  • LONDON, March 18- China's biggest refiner Sinopec is in talks with Malaysia's Petronas to buy a 15 percent stake in a $20 billion Canadian liquefied natural gas project, three sources with knowledge of the matter said.


  • *U.S. CEOS SEE GDP RISING 2.4 PCT IN 2014 -SURVEY Tuesday, 18 Mar 2014 | 10:05 AM ET

  • *IPOs, debt issues, conferences already postponed due to Ukraine. MOSCOW, March 18- Russia said its long-delayed privatisation programme could be postponed again, the latest victim of a deepening economic crisis over Ukraine that has put off IPOs, debt issues and conferences.

  • DETROIT, March 18- General Motors Co on Tuesday named a new vehicle safety chief who will be responsible for heading off issues like the faulty ignition switches linked to 12 deaths and the recall of more than 1.6 million vehicles.

  • *Jambojet owned by listed airline Kenya Airways. Willem Hondius told Reuters that Jambojet, wholly owned by Kenya Airways, faced red tape, poor infrastructure and protectionist policies, but still promised fares low enough to attract bus travellers into the air for the first time.

  • LONDON, March 18- Gold fell 1 percent on Tuesday as European equities rebounded after Russian President Vladimir Putin's latest comments on Crimea lifted appetite for risk, while investors awaited a U.S. In a speech to a joint session of parliament, Putin said Russia does not want to seize more of Ukraine after approving plans to make Crimea part of Russia.

  • *Putin says Crimea to unite with Russia, but no need for further division of Ukraine. MOSCOW, March 18- Russian shares extended gains on Tuesday and the rouble rallied after President Vladimir Putin said Russia had no need for any further division of Ukraine and investors doubted the likelihood of tough western sanctions.

  • *Decline from 2012 linked to sharp drop in Japan. In its latest annual report, the London- based industry federation IFPI said most of the decline in 2013 was due to a 16.7 percent revenue slump in Japan, which is making a belated transition away from physical products like CDs to digital delivery via the latest technology.

  • *Crafter van output in Poland to start in second half 2016. WARSAW/ BERLIN, March 18- Volkswagen will spend nearly 3.4 billion zlotys on a new factory to build the Crafter delivery van in Poland, moving output out of high-cost Germany in the company's biggest-ever commercial vehicle project.

  • *Worries over China credit weigh on copper outlook. LONDON, March 18- Chilean copper miner Antofagasta paid out an unexpectedly large dividend for 2013, despite a 30 percent drop in annual core profit, opting to distribute cash rather than hold it at low interest rates.

  • Apple to replace iPad 2 with upgraded iPad 4 Tuesday, 18 Mar 2014 | 9:40 AM ET

    March 18- Apple Inc said it would offer an upgraded iPad 4 tablet in place of the mid-range iPad 2 at the same price. The iPad 4, which has a 9.7- inch Retina display and supports LTE carriers worldwide, is available at $399 for the 16 GB Wi-Fi model and $529 for the 16 GB Wi-Fi+ cellular model at all four major U.S. carriers.

  • *has 1 GW worth of power plants projects across China. March 18- Yingli Green Energy Holding Co Ltd's focus on selling solar panels in the low-margin Chinese market kept it in the red in a quarter when most of its rivals swung to profitability as they sold more panels to countries such as Japan.

  • *Say 200 SEK/ share bid does not reflect full value of Scania. STOCKHOLM/ BERLIN, March 18- Scania's minority shareholders should reject Volkswagen's 6.7 billion euro bid, the Swedish truckmaker's independent directors said, underlining a rift between its German main owner and remaining Swedish investors.