Latest Business News Wires - Business Headlines


  • *FTSEurofirst 300 up 0.1 pct, Euro STOXX 50 down 0.1 pct. The FTSEurofirst 300 was flat at 1,377.75 at 0816 GMT, but the euro zone Euro Stoxx 50 dipped 0.1 percent.

  • GLOBAL MARKETS-World shares hover near all-time high Tuesday, 27 May 2014 | 4:42 AM ET

    *European shares open steady, FTSE plays catch up after Monday gains. Britain's FTSE 100 opened up 0.3 percent as it played catch-up after a holiday. Asian trading had been timid too, but another solid session for Japan's Nikkei and shares in China, nudged MSCI's 45- country all-world index up to 420 points leaving it just below its 2007 record high of 428.63 points.

  • UPDATE 1-Euronext seen valued at over $2 bln in IPO Tuesday, 27 May 2014 | 4:36 AM ET

    *ICE listing firm in Paris, Amsterdam, Brussels at first. PARIS/ LONDON, May 27- IntercontinentalExchange Group is pressing ahead with a listing of European exchange Euronext, which two sources familiar with the matter said could achieve a valuation of at least 1.5 billion euros.

  • LONDON, May 27- Shares in AstraZeneca fell 2.3 percent on Tuesday after U.S. drugmaker Pfizer said it would not make a formal bid to acquire its smaller British rival. Pfizer's decision- announced on Monday during a public holiday- had been widely expected after a rejection by AstraZeneca's board of its final offer of 55 pounds a share.

  • FOREX-Dollar on weaker footing as euro steadies Tuesday, 27 May 2014 | 4:20 AM ET

    LONDON, May 27- The dollar fell 0.2 percent against a basket of currencies on Tuesday, extending weakness since the end of last week after another retreat in U.S. bond yields.

  • Hong Kong H-shares fall, pulled down by Chinese banks Tuesday, 27 May 2014 | 4:06 AM ET

    HONG KONG, May 27- The index for Hong Kong listings of China companies on Tuesday had its biggest loss since May 9, pulled down by weaker Chinese bank stocks. The Hang Seng Index closed down 0.1 percent at 22,944.30 points.

  • MOSCOW, May 27- Russia's second largest bank VTB reported a 98 percent fall in net profit in the first quarter, far below analysts' forecasts, due to higher loan loss provisions following a deterioration in the Ukrainian and Russian economies.

  • BEIJING, May 27- Vietnam is taking "dangerous actions" at sea, China said on Tuesday, after the two countries traded accusations over the sinking of a Vietnamese fishing boat in disputed waters in the South China Sea. China also urged Vietnam to immediately stop all disruptive and damaging activities at sea.

  • NEW DELHI, May 27- India's new finance minister committed himself to repairing public finances and restoring investor confidence as a new administration took charge on Tuesday promising better days for millions of discontented Indians.

  • European shares buoyed by merger hopes Tuesday, 27 May 2014 | 3:22 AM ET

    EDINBURGH, May 27- European shares edged higher on Tuesday, supported by hopes for more mergers and acquisitions activity that helped UK shares outperform mainland Europe.

  • China shares end down as investors stay cautious Tuesday, 27 May 2014 | 3:06 AM ET

    HONG KONG, May 27- China shares slipped on Tuesday, as there was a lack of catalysts to spur buying and recent signals from Beijing on policy fine-tuning to support economic growth failed to improve appetites for risk. The CSI300 of the leading Shanghai and Shenzhen A-share listings lost 0.4 percent.

  • *Gold stays below $1,300, Asian shares edge higher. SINGAPORE, May 27- Gold slipped on Tuesday as investors nervously await U.S. economic data for directional cues, while platinum group metals were supported as labour strikes dragged on in key producer South Africa. Gold has struggled to break above the $1,300- an-ounce level.

  • *Malaysia government, Inmarsat release satellite data. KUALA LUMPUR, May 27- Malaysia's government and British satellite firm Inmarsat on Tuesday released the data used to determine the path of missing Malaysia Airlines flight MH370, responding to mounting calls from passengers' relatives for greater transparency.

  • LONDON, May 27- Lloyds Banking Group expects to float about 25 percent of its TSB business on the London Stock Exchange next month, with the remainder to be sold before the end of 2015, the bank said on Tuesday.

  • MUMBAI, May 27- Indian carmakers, battered by two years of slowing sales, hope the resounding election victory by India's new leader will spur replacement of the country's complex array of duties with a simple goods and services tax. Tax greatly drives up the cost of buying a car in India.

  • OSLO, May 27- Activists from environmental group Greenpeace have climbed aboard an oil drilling rig in the Norwegian Arctic on Tuesday, trying to stop Statoil's exploration plans in one of the world's northernmost prospects, the group said on Tuesday.

  • May 27- In an escalation of China's dispute with the U.S. over spying claims, the Chinese government is pushing domestic banks to remove high-end servers made by International Business Machines Corp and replace them with a local brand, Bloomberg reported, citing people familiar with the matter.

  • TOKYO, May 27- Japan's Nikkei share average rose on Tuesday, extending gains into a fourth day as recent upbeat Chinese and U.S. data continued to lift investors' risk appetites. The Nikkei ended 0.2 percent higher at a fresh seven-week high of 14,636.52. The broader Topix was flat at 1,195.11, while the new JPX-Nikkei Index 400 added 0.1 percent to 10,903.57.

  • May 27- Intuit Inc, the developer of tax-preparation software TurboTax, agreed to buy Check Inc, a privately held bill-payment service, for more than $300 million, said a source familiar with the matter.

  • SINGAPORE, May 27- Brent crude rose towards $111 per barrel on Tuesday amid supply disruption worries as Ukraine launched air strikes to put down a separatist revolt and Libya struggled to rein in rebels.