Latest Business News Wires - Business Headlines


  • HONG KONG, Nov 6- China is considering the use of international law in a big push to get free trade zones up and running to promote the use of the yuan in global trade, which could challenge Hong Kong longer term as the main offshore centre for the currency.

  • SYDNEY, Nov 6- With a track record of funding junior miners, Australia's IPO market is now warming up to something that might be just as risky as the diggers- drug makers. Mining stocks have come under pressure over the past year as Australia's decade-long mining investment boom fades and top consumer China takes a slower lane to growth.

  • SEOUL, Nov 6- Investors are likely to press Samsung Electronics Co on dividends and plans to sustain growth as the world's biggest smartphone maker holds its first analysts' briefing in eight years on Wednesday.

  • NEW DELHI, Nov 6- Flashing lights on the roof, tailgating politicians' motorcades, smashing up toll booths, and beating up toll collectors.

  • Nov 5- Health insurer Blue Shield of California said on Tuesday it will delay policy cancellations for 113,000 customers who were due to lose coverage at the end of the year as a result of new requirements from President Barack Obama's healthcare law.

  • WASHINGTON, Nov 5- A former Deutsche Bank unit will pay $12.1 million to harmed borrowers in order to resolve allegations that it discriminated against African-American and Hispanic borrowers seeking mortgage loans, the U.S. housing regulator said on Tuesday.

  • WASHINGTON, Nov 5- Twitter Inc and 11 other technology companies have enough stock-option tax breaks to avoid paying billions of dollars in taxes over the next several years, a consumer group said on Tuesday.

  • *Sterling gains on strong UK services data. NEW YORK, Nov 5- The euro slid against the dollar on Tuesday, hurt by speculation the European Central Bank may signal easier monetary policy or even cut interest rates at its policy meeting this week.

  • BRASILIA, Nov 5- Brazil is pushing ahead with legislation that would force global Internet companies such as Google and Facebook to keep data on Brazilian users inside the country, despite opposition from the companies and in Congress.

  • *Nonfarm payrolls expected to rise 125,000 in October. *Unemployment rate seen climbing to 7.3 percent. WASHINGTON, Nov 5- U.S. job growth likely slowed sharply in October with the unemployment rate ticking higher as a partial shutdown of the government kept workers at home, undercutting an already lethargic labor market.

  • *Corn hits fresh three-year low. *Market eyes USDA world supply/demand report due Friday. Soybeans and corn also fell, with corn charting a fresh three-year low and soybeans notching their lowest since February 2012.

  • WASHINGTON, Nov 5- The U.S. Federal Aviation Administration on Tuesday issued a final rule that it said would "significantly advance" the way commercial airline pilots are trained in the United States.

  • *Navy sees next ship costing $1.2 billion less. WASHINGTON, Nov 5- The U.S. Navy on Tuesday pledged to cut costs for building new aircraft carriers, as it prepared to christen the USS Gerald R. Ford, first in its class of warships and a vessel whose $12.9 billion cost will exceed forecasts by almost 25 percent.

  • NEW YORK/ LONDON, Nov 5- Gold prices fell on Tuesday for the seventh consecutive session as a combination of the resurgent dollar, technical selling and lackluster fund interest extended the precious metal's losing streak.

  • NEW YORK, Nov 5- Jerome Schlichter, the St. Louis attorney credited with literally making a federal case out of 401 fees, just filed his 14th class action against a company he claims mismanaged its employees' retirement savings.

  • NEW YORK, Nov 5- U.S. stocks seesawed between modest gains and losses on Tuesday following two days of gains on Wall Street as investors weighed the implications of strong economic data for the path of monetary policy over the next several months.

  • COLUMN-The QE deflation puzzle: James Saft Tuesday, 5 Nov 2013 | 3:00 PM ET

    Nov 5- When it comes to creating inflation, bond buying by central banks may actually ultimately be counterproductive. Very radical increases in bond buying in Japan under Abenomics- more or less a pledge to buy and buy assets until inflation reaches 2 percent- has also had only mixed success so far, with core inflation flat in the year to September.

  • WILMINGTON, Del., Nov 5- Cooper Tire& Rubber Co's partner in a Chinese joint venture was exploring a bid for the fourth-largest U.S. tire maker when Cooper struck a deal with an Indian suitor, Cooper's chief executive told a court on Tuesday.

  • It's frustrating that it did not work, "hospital operator Tenet Healthcare Corp's Chief Executive Trevor Fetter said in an interview with Reuters following the company's third-quarter earnings conference call. State exchanges such as the one set up in California are working much better and are offering a selection of affordable plans, he added.

  • *Gold slips, on track for seventh straight day of losses. NEW YORK, Nov 5- Stock markets around the world edged lower on Tuesday as uncertainty over the European Central Bank's next policy move gave investors caution with many indexes near multi-year or all-time highs.

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