Latest Business News Wires - Business Headlines


  • MOSCOW, Aug 19- Ukraine, one of the world's largest grain exporters, will lose 15 percent of its 2014 crop due to fighting with pro-Russian separatist rebels in its eastern regions and Russia's annexation of Crimea peninsula, Prime Minister Arseny Yatseniuk said.

  • Palladium steadied near a 13- year high of $900 an ounce hit in the previous session, supported by worries over supplies from top producer Russia and strong demand prospects.


  • *Heinz says to tighten supplier controls after China food scare. Heinz Co said on Tuesday it will tighten controls over ingredients suppliers in China after it was forced to recall some infant food products from Chinese store shelves due to excess levels of lead.

  • Home Depot quarterly sales rise 5.7 pct Tuesday, 19 Aug 2014 | 6:08 AM ET

    Aug 19- Home Depot Inc, the world's largest home improvement chain, reported a 5.7 percent rise in quarterly sales as customers spent more on home repairs after a severe North American winter. Home Depot's net income rose to $2.05 billion, or $1.52 per share, in the second quarter ended Aug. 3 from $1.79 billion, or $1.24 per share, a year earlier.

  • European shares extend rebound, led by DAX Tuesday, 19 Aug 2014 | 6:04 AM ET

    LONDON, Aug 19- European shares rose on Tuesday to extend the previous session's rally, with Germany's DAX index outperforming, driven by what traders saw as an easing of tension in the Ukraine crisis.

  • LONDON, Aug 19- Britain's dominance in European natural gas trading is under threat from a Dutch trading hub where volumes are soaring, buoyed in part by Europe's utility companies who prefer to hedge their deals in euros. Britain has been the region's leading gas trading hub since North Sea oil and gas discoveries in the 1970 s made it Europe's main producer.

  • *Brent could test $100 but will meet strong support there. Brent crude oil prices for delivery in October were up 11 cents at $101.71 a barrel by 0940 GMT, after closing $1.93 a barrel lower on Monday, but traders said that the market remained weak.

  • Dubai creates new fund class to lure asset managers Tuesday, 19 Aug 2014 | 5:52 AM ET

    *Aims to compete with Luxembourg, Dublin and Cayman Islands. DUBAI, Aug 19- Dubai is changing its financial rules in an effort to attract more asset managers- particularly those serving the richest and most risk-tolerant investors, such as hedge funds and private equity funds- to base themselves in the emirate.

  • Aug 18- Ingersoll-Rand Plc, a maker of heating and air conditioning systems, said it would buy Cameron International Corp's centrifugal compression unit for $850 million. Ingersoll-Rand said it planned to fund the acquisition through a combination of cash on hand and debt.

  • LONDON, Aug 19- Sterling fell to a four-month low against the dollar and slipped towards a two-month trough versus the euro on Tuesday, after data showed British inflation fell more than expected and eased pressure on the Bank of England to raise interest rates. Consumer prices rose 1.6 percent on the year in July, the Office for National Statistics said.

  • *London- listed shares drop 4 pct. MELBOURNE, Aug 19- The world's biggest mining company, BHP Billiton, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in its 2001 merger with Billiton, to focus on its most profitable activities. BHP's London- listed shares fell 4 percent.

  • *Lukoil says operations in Iraq unaffected by violence. MOSCOW, Aug 19- Lukoil, Russia's second biggest oil producer, said on Tuesday it had shipped 1 million barrels of oil produced from southern Iraq's giant West Qurna-2 oilfield, its first shipment from the field, despite a surge of violence in Iraq.

  • AMSTERDAM, Aug 19- Sanctions Russia has imposed on agricultural products from the European Union will cut Dutch exports by "at least 300 million euros", based on 2013 figures, Statistics Netherlands said on Tuesday.

  • European shares extend rally, led by DAX Tuesday, 19 Aug 2014 | 5:00 AM ET

    PARIS, Aug 19- European shares rose in early trading on Tuesday, extending the previous session's rally, as investor concern over the conflict in Ukraine began to ease. Germany's DAX- recently hit by the faceoff between Ukraine and Russia and concern that sanctions against Moscow could hurt Europe's biggest economy- outperformed on Tuesday, up 1 percent.

  • *BHP UK shares drop 4 pct. MELBOURNE, Aug 19- Top global miner BHP Billiton will spin off a roughly $16 billion company to shareholders, mostly offloading assets acquired in its 2001 merger with Billiton, as it looks to focus on its strongest businesses.

  • *Europe higher, follows on from Asia, U.S. gains. LONDON, Aug 19- Global stocks rose and core bonds barely moved on renewed investor appetite for risk on Tuesday, driven by a lack of escalation of the Ukraine crisis and upbeat U.S. housing data that buoyed Asian and European markets.

  • COLUMN-Natural gas can keep those motors running: Kemp Tuesday, 19 Aug 2014 | 4:40 AM ET

    LONDON, Aug 19- Cheap natural gas is starting to revolutionise traffic on U.S. roads, cutting bills for some of the country's heaviest fuel users while reducing carbon emissions and other pollution.

  • BHP Billiton says in talks to sell Nickel West unit Tuesday, 19 Aug 2014 | 4:30 AM ET

    SYDNEY, Aug 19- BHP Billiton is in talks with potential buyers for all, or part, of its Nickel West division in Australia after excluding the business from a major restructuring.

  • SHANGHAI, Aug 19- Hong Kong shares ended at more than six-year highs on Tuesday, in a catch-up to strong global markets and buoyed by strength in property companies. The Hang Seng Index rose 0.7 percent to 25,122.95 points, while the China Enterprises Index of the leading offshore Chinese listings in Hong Kong edged up 0.3 percent.