Latest Business News Wires - Business Headlines


  • European shares pause near highs, BMW slips Tuesday, 5 Nov 2013 | 4:13 AM ET

    *BMW drops after lower-than-expected results. Shares in BMW dropped 4.2 percent after the German carmaker said quarterly profit at its auto unit fell more than expected, hurt by the cost of new technology and price discounts in core European markets.

  • SHANGHAI, Nov 5- China's capital, Beijing, infamous for its thick smog and heavy traffic, will slash the city's new car sales quotas by almost 40 percent next year, as it looks to curb vehicle emissions and hazardous levels of pollution, the city government website said.

  • *China bought 54,000 T of Thai rubber last week- trade sources. SINGAPORE, Nov 5- Hopes that top rubber consumer China will follow purchases from Thailand for its national reserves with more buying will likely be dashed by worries over slowing economic growth and soaring company and trader inventories.

  • FRANKFURT, Nov 5- Private equity investor 3 i has bought out the co-owner of its ferry group Scandlines and finalised refinancing of existing debt facilities. 3 i bought Allianz Capital Partners' 49 percent stake for 165 million euros. 3 i and ACP bought Scandlines for 1.5 billion euros at the peak of the buyout boom in 2007, backed with 1.28 billion euros of debt.

  • SHANGHAI, Nov 5- China's capital, Beijing, infamous for its choking smog, will slash the city's new car sales quotas by almost 40 percent next year, as it looks to curb vehicle emissions and hazardous levels of pollution, the city website said.

  • *Experts say emission levels should be 44 mln T by 2020. LONDON, Nov 5- Greenhouse gas emissions in 2020 will be 8 billion to 12 billion tonnes more than the level needed to keep global warming to only 2 degrees Celsius and avoid severe climate change, a United Nations report estimated on Tuesday.

  • BEIJING, Nov 5- China's central bank said on Tuesday that it will maintain its prudent policy-setting with timely fine-tuning to keep the economy on an even keel while warding off inflationary risks.

  • *Mood in Spain remains upbeat after Fitch outlook revision. But on Tuesday investors made room for about 3- 4 billion euros of 2018, 2023 and 2026 bonds Madrid offers on Thursday.

  • Russia's Lada maker appoints former GM exec as chief Tuesday, 5 Nov 2013 | 3:27 AM ET

    MOSCOW, Nov 5- Russia's largest carmaker Avtovaz has appointed former General Motors Co. executive Bo Andersson as its first foreign boss. Andersson replaces Avtovaz chief executive Igor Komarov, who has run the company since 2009. Komarov is leaving to join Russia's space agency.

  • BEIJING, Nov 5- China's exports are forecast to have rebounded in October after a surprise fall, reinforcing the government's view that the economy has regained some momentum as its prepares to unveil plans to overhaul the world's second-largest economy.

  • AMSTERDAM, Nov 5- Dutch food and chemicals group DSM stuck to its 2013 operating profit target of close to 1.4 billion euros, up 27 percent from last year, thanks to acquisitions and the strength of its human and animal nutrition business.

  • LONDON, Nov 5- European stocks climbed to fresh five-year highs on Tuesday on expectations that both euro zone and U.S. monetary policy will remain accommodative for some time, but mixed corporate earnings kept gains in check.

  • HONG KONG, Nov 5- Hong Kong shares closed at their lowest in a week on Tuesday, with Chinese financials hurt by fears of more competition and the market roiled by hawkish comments from China's premier. The Hang Seng Index finished down 0.7 percent at 23,039 points, its lowest closing level since Oct. 29.

  • SINGAPORE, Nov 5- Gold steadied on Tuesday after a six-session losing streak, helped by comments from Federal Reserve officials that suggested the U.S. central bank would maintain its ultra-loose monetary policy for some time yet. Spot gold was steady at $1,314.42 an ounce at 0729 GMT after hitting a session high of $1,317.96 earlier.

  • *Targets lower end of $1.1- $1.15 bln net income range. FRANKFURT, Nov 5- Fresenius Medical Care, the world's largest dialysis provider, said it needed a "very strong" fourth quarter to meet its full-year profit forecast, hurt by cuts to healthcare budgets in the United States, its most important market.

  • Hertz sold its Advantage brand, which competes with Dollar Thrifty in the low-cost segment of the market, to Franchise Services of North America and Macquarie Capital.

  • BERLIN, Nov 5- German luxury carmaker BMW said third-quarter operating profit at its key automotive division fell more than expected due to the cost of new technology and price discounts in core European markets.

  • MILAN, Nov 5- Italian banks are near saturation point after two years spent frantically buying their own government's bonds, forcing the Treasury to find alternative investors at home and abroad to finance a 2- trillion euro debt.

  • HONG KONG, Nov 5- China shares eked out gains on Tuesday, as strength in agricultural stocks offset weakness in the financial sector following hawkish comments from Premier Li Keqiang ahead of a key Communist Party policy meeting starting this weekend.

  • UPDATE 1-Holcim sees lower full-year cement sales Tuesday, 5 Nov 2013 | 2:02 AM ET

    ZURICH, Nov 5- Holcim, the world's largest cement maker by market value, said on Tuesday it does not expect 2013 sales volumes to reach last year's levels, due in part to sluggish demand in some key emerging markets.

Most Popular Video

Tuesday, 15 Apr 2014 | 5:40 PM ET

Jonathan Geller, BGR president and editor-in-chief, weighs in on the specifications for Amazon's newly announced 3-D smartphone.

Thursday, 17 Apr 2014 | 11:00 AM ET

Phil LeBeau has the details on the latest rides at this year's New York Auto Show.

Monday, 14 Apr 2014 | 11:43 AM ET

Dr. Steven Horng, Beth Israel Deaconess Medical Center, explains how Google Glass provided crucial support in an emergency situation and helped save a life.