Latest Business News Wires - Business Headlines


  • LONDON, Nov 5- Activity in Britain's services sector increased at the fastest rate since May 1997 last month, raising the prospect of a big jump in economic growth in the final three months of 2013, a closely watched survey showed on Tuesday.

  • *For now, Japan on steady path toward meeting price goal. OSAKA, Japan, Nov 5- Bank of Japan Governor Haruhiko Kuroda voiced confidence on Tuesday that the economies of China and the U.S., Japan's two big export markets, will continue to recover and help achieve the central bank's 2 percent inflation target.

  • LONDON, Nov 5- The euro fell to a near four-week low against the yen on Tuesday, hit by speculation the European Central Bank may signal easier monetary policy or even cut rates this week. The euro fell 0.5 percent to 132.395 yen on the EBS trading platform, its lowest since Oct. 10, having dropped below chart support at 132.63 yen, the 55- day moving average.

  • TOKYO, Nov 5- Japan's government on Tuesday said it was sticking to a handout of new landing rights at Tokyo's Haneda airport that Japan Airlines complained was unfair because it gave local rival ANA Holdings twice as many of the lucrative slots.

  • 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.

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