Latest Business News Wires - Business Headlines


  • BRASILIA, Aug 18- Marina Silva's entry into Brazil's presidential race will almost certainly force the October election into a second-round runoff and the environmentalist could even unseat President Dilma Rousseff, according to a poll released on Monday.

  • *Kurdish forces make progress in Iraq against militants. NEW YORK, Aug 18- Brent crude oil shed more than $2 a barrel to reach its lowest price in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.

  • *Q2 GDP +1.9 pct y/y, +0.2 q/q. SANTIAGO, Aug 18- Chile's gross domestic product grew at its weakest pace since 2009 in the second quarter as investment waned and a previously rapid expansion in consumer spending slowed, central bank data showed on Monday. Chile's economy has been cooling rapidly as a downturn in mining investment has spread to other sectors.

  • MOSCOW, Aug 18- Russian Urals crude weakened for an eight straight trading day on Monday due to weak European refining demand, falling well below $100 a barrel for the first time in a year in a move to increase the pain for Russian state finances amid Western sanctions.

  • PARIS, Aug 18- European shares rallied on Monday as the market was encouraged by diplomatic efforts at the weekend to try and ease tension in Ukraine.

  • *China foreign direct investment falls. LONDON, Aug 18- London copper edged higher on Monday as some investors regarded recent losses as overdone, but gains were capped after new home prices in top metal consumer China fell in July for the third month in a row. Investors are still jittery about developments in China, however.

  • NEW YORK/ LONDON, Aug 18- Cocoa futures in New York and London touched their highest levels in more than three years on Monday on a mix of speculator and trade buying despite an expected surplus, while raw sugar on ICE tumbled to a six-month low due to hefty nearby supplies and technical weakness.

  • *Kurdish forces make progress in Iraq against militants. NEW YORK, Aug 18- Brent crude oil sunk by more than $2 a barrel to its lowest price in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.

  • TORONTO, Aug 18- BlackBerry Ltd said on Monday it has created a new unit to house what many consider to be among its most promising assets- cryptographic applications, its QNX embedded software and Project Ion platform for connecting devices.

  • Aug 18- Weak demand for alternative fuel vehicles and increasing competition in Europe are weighing on Fuel Systems Solutions Inc at a time when its peers are riding a recovery in the U.S. auto industry.

  • *Dollar General offers to buy Family Dollar. Russia said all issues related to its humanitarian convoy to Ukraine had been resolved but said no progress has been made toward a ceasefire or political solution to the fighting in the east of the country after talks between Russia, Germany, France and Ukraine on Sunday.

  • PARIS, Aug 18- Armed gunmen ambushed a Saudi prince's convoy on the outskirts of Paris on Sunday evening, making off with a large amount of cash and some private documents in what police said looked like a raid by well-informed attackers.

  • Aug 18- Community Health Systems Inc, one of the biggest U.S. hospital groups, said it was the victim of a cyber attack that originated in China, resulting in the theft of personal data belonging to 4.5 million patients in April and June.

  • *Expects deal to add 18- 21 cents/ share to 2015 earnings. Aug 18- Sensors and electrical controls maker Sensata Technologies Holding NV said it would buy Schrader International to meet growing demand for sensors to monitor car-tire pressure.

  • NEW YORK, Aug 18- U.S. stock prices jumped on Monday, joining equities rallies in Europe, as investors breathed easier over the crisis in Ukraine and knocked oil prices to lows not seen in more than a year. Russia denied its forces had crossed into Ukraine.

  • STOCKHOLM, Aug 18- Iceland's Met Office on Monday raised its risk level to the aviation industry for an eruption at its Bardarbunga volcano to orange, which is the fourth level on a five-grade scale.

  • SAO PAULO, Aug 18- Although a new poll shows Brazilian President Dilma Rousseff suddenly facing a tougher road to re-election, she also saw a sharp recovery in her approval ratings and resilient voter support through what will likely be the campaign's most emotional and volatile period.

  • *Dollar rises following talks between Ukraine, Russia. NEW YORK, Aug 18- The U.S. dollar rose against a basket of major currencies on Monday on reduced concerns over Russia and Ukraine and positive U.S. housing data. Tensions between Russia and Ukraine were viewed as less heated following talks among Russia, Germany, France and Ukraine on Sunday.

  • *Losses in UK gilt market also a factor in U.S. bond market. Treasury debt prices fell on Monday after three days of gains, as risk appetite returned following upbeat U.S. housing data and easing tensions in the Middle East and Ukraine, two global sore spots.

  • In June 2013, Bank of Tokyo-Mitsubishi agreed to pay $250 million to New York State for deleting information from $100 billion in wire transfers that authorities could have used to police transactions with Iran and other sanctioned countries.