Latest Business News Wires - Business Headlines


  • UPDATE 1-Jeweler Tiffany raises full-year profit forecast Wednesday, 27 Aug 2014 | 8:01 AM ET

    Aug 27- Upscale jeweler Tiffany& Co raised its full-year profit forecast for a second time following a better-than-expected quarterly profit, driven by strong sales in the Americas and Asia-Pacific regions. Same-store sales in the Asia Pacific region grew 7 percent, driven by strong demand in Greater China and Australia.

  • National Bank of Canada reports stronger quarterly profit Wednesday, 27 Aug 2014 | 7:34 AM ET

    TORONTO, Aug 27- National Bank of Canada, the country's sixth-largest lender, reported a stronger quarterly profit on Wednesday, helped by a sharp jump in earnings at its wealth management and financial markets arms.

  • UPDATE 2-Brazil telecoms battle heats up as Oi steps in Wednesday, 27 Aug 2014 | 7:31 AM ET

    MADRID/ PARIS, Aug 27- The battle over Brazil's telecoms market is heating up, with the country's biggest fixed-line firm Oi signaling it may make an offer for Telecom Italia's local mobile business.

  • Arch Venture Partners raises $400 million fund Wednesday, 27 Aug 2014 | 7:30 AM ET

    SAN FRANCISCO, Aug 27- Chicago- based Arch Venture Partners raised a $400 million fund to invest in early stage companies, the firm announced Wednesday, underscoring renewed investor confidence in the once moribund life sciences sector.

  • Yingli Green loss narrows on rising panel demand Wednesday, 27 Aug 2014 | 7:18 AM ET

    Aug 27- Yingli Green Energy Holding Co Ltd reported a smaller loss for the fifth straight quarter, helped by rising demand for solar modules from China, Japan, the United Kingdom and other new markets.

  • *JP Morgan calls for ECB rate cut next week. LONDON, Aug 27- German Bund yields reached record lows on Wednesday, as further evidence of the region's faltering economy fed market expectations for more European Central Bank stimulus.

  • Wednesday is the first day Dutch farmers could sign up for the compensation for either having their produce destroyed or given to the Food Bank, a charity that supplies food to 35,000 needy Dutch households. "Most of the products are being taken to destruction plants, rather than the Food Bank," he said. "

  • Aug 27- Upscale jeweler Tiffany& Co reported a 16 percent rise in quarterly profit as sales grew strongly in the Americas and the Asia-Pacific region. The company's net income rose to $124.1 million, or 96 cents per share, in the second quarter ended July 31, from $106.8 million, or 83 cents per share, a year earlier.

  • US STOCKS-Futures slightly higher with indexes at records Wednesday, 27 Aug 2014 | 7:15 AM ET

    *Upswing seen as intact, but volume has been light. NEW YORK, Aug 27- U.S. stock index futures were slightly higher on Wednesday, suggesting the market's recent upswing that has taken indexes to repeated records, was set to continue with little on the horizon to derail the rally. Federal Reserve stimulus and the conflict between Ukraine and Russia.

  • European shares steady, Seadrill slips after results Wednesday, 27 Aug 2014 | 7:14 AM ET

    *FTSEurofirst 300 up 0.05 pct, Euro STOXX 50 down 0.2 pct. *Seadrill falls after below-forecast earnings. *Marine Harvest results hit by Russian sanctions.

  • METALS-London copper dips on dollar, increasing supply Wednesday, 27 Aug 2014 | 6:58 AM ET

    *Dollar sets 13- month high, euro struggles. LONDON, Aug 27- Copper fell on Wednesday as a firm dollar and the prospect of increasing supply of the metal offset growing confidence in U.S. economic growth.

  • *Corn around 2- wk low on hopes of record U.S. production. Corn fell to levels near Tuesday's two-week low as the expected record-large U.S. crop thrives in favourable weather. Corn fell 0.4 percent to $3.63-1/ 2 a bushel, not far from last session's two-week low of $3.61-3/ 4 a bushel.

  • BEIRUT, Aug 27- Islamic State militants have executed Syrian army soldiers and are holding a group hostage after capturing an air base in northeast Syria at the weekend, pictures posted on social media by supporters showed on Wednesday.

  • Ukraine expects "practical help" from NATO - PM Yatseniuk Wednesday, 27 Aug 2014 | 5:59 AM ET

    KIEV, Aug 27- Ukraine needs "practical help" from NATO and expects the U.S.-led military alliance to make momentous decisions to this end at its summit in Wales in September, Prime Minister Arseny Yatseniuk said on Wednesday.

  • LONDON, Aug 27- Gold prices rose above $1,285 an ounce on Wednesday, recovering from a two-month low the previous week, as stocks took a breather after a 2-1/ 2 week rally and the dollar index retreated from 13- month highs.

  • *China developers seeking new capital sources as liquidity tightens. HONG KONG, Aug 27- Global private equity firm Carlyle Group is in advanced talks with China Vanke Co Ltd, the country's largest property developer, to buy stakes in nine of its shopping malls, two people with direct knowledge of the matter told Reuters.

  • BANGKOK, Aug 27- Thai exports unexpectedly slipped in July, showing that a key pillar of the country's economy remains weak at a time the military government is trying to rev up growth.

  • JAKARTA, Aug 27- Indonesia wants copper miners Newmont Mining Corp and Freeport-McMoRan Inc to hammer out a deal on concentrate supply for an upcoming smelter before allowing Newmont to resume exports, a mining ministry official said on Wednesday.

  • PARIS, Aug 27- IMF chief Christine Lagarde has been placed under formal investigation by French magistrates on Wednesday for her alleged role in a long-running political fraud case, a source close to the former French finance minister said.

  • Uber eyes aggressive expansion in Germany despite bans Wednesday, 27 Aug 2014 | 5:05 AM ET

    FRANKFURT, Aug 27- U.S. car service Uber is planning an aggressive expansion in Germany despite a backlash from cities like Berlin and Hamburg, which have questioned its right to operate in highly regulated markets dominated by traditional taxis.