GO
Loading...

Latest Business News Wires - Business Headlines

More

  • MOSCOW, Nov 7- Russia's economy will perform far worse than forecast over the next two decades, lagging global growth, business daily Vedomosti reported on Thursday, citing Economy Ministry documents. Russia's share in global output will decrease to 3.4 percent from 4 percent at present. The Economy Ministry was not immediately available for comment.

  • *Toll Brothers to buy Shapell Homes for $1.60 bln in cash. Nov 7- Toll Brothers Inc said it will buy the home building business of privately owned Shapell Industries Inc for about $1.60 billion in cash, in a deal that will give the largest U.S. luxury homebuilder more access to affluent real estate markets in California.

  • TOKYO, Nov 7- Japan's Nikkei share average fell on Thursday as investors withdrew from risk-taking as they awaited U.S. jobs data, bute small cap stocks rose after the Tokyo bourse said it would include them in a new index.

  • Q3 GDP, Tokyo also slips. TOKYO, Nov 7- Asian stocks struggled on Thursday as investors waited for stimulus-sensitive U.S. payroll data, although the euro perked up ahead of the European Central Bank's policy meeting.

  • SINGAPORE, Nov 7- Brent crude slipped below $105 a barrel on Thursday to its lowest since early July as investors were reluctant to lock in fresh positions ahead of key announcements due later in the day from Europe and the United States. Brent, which fell as low as $104.80 a barrel, was down 36 cents at $104.88 by 0544 GMT.

  • WASHINGTON, Nov 7- U.S. economic growth likely slowed a bit in the third quarter as consumers kept a lid on spending, supporting the Federal Reserve's decision to maintain its current pace of bond purchases to stimulate activity.

  • BANGALORE, Nov 7- The Indian rupee will struggle to gain any ground in the next 12 months due to uncertainty around elections, the country's external deficit and the impact of a possible tapering in the Federal Reserve's stimulus programme, a Reuters poll showed.

  • PARIS, Nov 7- While families across Europe prepare to spend more on average this Christmas for the first time since 2008, the French look set to spend less as they grow more pessimistic about their purchasing power.

  • Hong Kong shares slip near two-week low, China eases too Wednesday, 6 Nov 2013 | 11:37 PM ET

    *Lenovo, Galaxy Entertainment each up 0.4 pct ahead of earnings. HONG KONG, Nov 7- Hong Kong shares touched their lowest in nearly two weeks early on Thursday, as losses deepened for Chinese financials after more media reports emerged about possible sector reforms from a key Communist Party policy meeting starting this weekend.

  • China's yuan slips on state banks' dollar purchases Wednesday, 6 Nov 2013 | 11:31 PM ET

    SHANGHAI, Nov 7- China's yuan edged lower against the dollar on Thursday as major state-owned banks absorbed surplus dollars, while the market overall still sees a lot of dollar supply due to companies' selling of the greenback, traders said.

  • Toll Brothers to buy Shapell Homes for $1.60 bln Wednesday, 6 Nov 2013 | 11:18 PM ET

    Nov 6- Luxury homes builder Toll Brothers Inc said it will buy the home building business of Shapell Industries Inc for about $1.60 billion in cash, to expand its presence in California.

  • SYDNEY, Nov 7- Australia's Bega Cheese Ltd said on Thursday it has not yet decided whether to sweeten its offer for Warrnambool Cheese and Butter Factory Company Holdings Ltd after its approach was trumped by Canada's Saputo Inc.. An offer from fellow shareholder Murray Goulburn Co-operative Co Ltd, which holds about 17 percent, followed.

  • PRECIOUS-Gold steady on Fed stimulus hopes, fund inflow Wednesday, 6 Nov 2013 | 11:00 PM ET

    *Gold range-bound as data awaited. SINGAPORE, Nov 7- Gold was steady on Thursday after snapping a seven-day fall in the previous session as investors bet the U.S. monetary stimulus will continue for longer and as holdings in the top gold-backed exchange-traded fund rose for the first time in two weeks.

  • Shares of cable broadcaster Usen Corp and car dealer VT Holdings surged 13 percent and 7.1 percent respectively after they were included in the new index, the JPX-Nikkei Index 400..

  • Nov 6- U.S.-listed chipmaker RDA Microelectronics Inc said it received an $18 per share buyout offer from China's state-owned Tsinghua Unigroup Ltd, which is funded by the Tsinghua University, marking it a second such bid in more than a month.

  • *West seek first-step nuclear deal with Iran in Geneva talks. SINGAPORE, Nov 7- Brent crude slipped below $105 a barrel on Thursday to its lowest since early July as investors were reluctant to lock in fresh positions ahead of key announcements due later in the day from Europe and the United States.

  • Exxon faces $2.7 mln fine for Arkansas pipeline spill Wednesday, 6 Nov 2013 | 10:33 PM ET

    WASHINGTON, Nov 6- Exxon Mobil Pipeline Co faces a fine of nearly $2.7 million for a pipeline spill of thousands of barrels of Canadian crude oil in an Arkansas suburb last spring, the U.S. pipeline safety office said on Wednesday. Senator Mark Pryor, an Arkansas Democrat, praised the PHMSA's decision on Wednesday.

  • *Citi bearish on copper price outlook. SINGAPORE, Nov 7- London copper edged up on Thursday but was not far above four-week lows as traders awaited a key U.S. labour report and a major leadership meeting in China for clues on economic policy and metals demand.

  • RIO DE JANEIRO, Nov 6- Brazil's Vale SA, the world's second-largest mining company, reported on Wednesday that its third-quarter net income more than doubled from a year earlier, beating analysts' expectations as iron ore prices and sales volumes rose.

  • TOKYO, Nov 7- Japan's Nikkei share average was flat on Thursday as investors searched for fresh trading opportunities after the recent flurry of earnings, while small cap stocks rose after the Tokyo bourse said it will include them in a new index.

Most Popular Video

Thursday, 24 Apr 2014 | 8:49 AM ET

Today CNBC's Jim Cramer explains why he wishes his travel trust owned shares of Caterpillar, and shares his thoughts on the government's inability to create jobs.

Thursday, 24 Apr 2014 | 8:16 AM ET

Daniel Ernst, Hudson Square Research, provides perspective on Apple's earnings and growth potential. Apple is really innovating but they haven't done it in three years, Ernst says.

Thursday, 24 Apr 2014 | 8:02 AM ET

Doug Oberhelman, Caterpillar chairman & CEO, digs deep into the company's first quarter results and shares his outlook on global sales. CAT reported EPS of $1.44 on revenues of $13.24 billion, beating on both the top and bottom line.