Latest Business News Wires - Business Headlines


  • LONDON, March 26- A bruised foreign exchange industry regroups in Berlin this week after months of revelations on alleged collusion and market manipulation that threaten the "self regulation" model it has championed for decades.


  • *Facebook buys Oculus for $2 billion. NEW YORK, March 26- U.S. stocks rose on Wednesday as geopolitical tensions over Ukraine appeared to ease and the latest U.S. economic data pointed to improving conditions. Russia and the West drew a tentative line under the Ukraine crisis after U.S.

  • Congo's mining tax increase plan rattles investors Wednesday, 26 Mar 2014 | 10:34 AM ET

    *Congo wants to nearly double tax revenues to 25 pct of budget. GOMA, Democratic Republic of Congo, March 26- D emocratic Republic of Congo aims to double tax revenues from minerals but investors warned that an overhaul of the mining code could remove incentives to invest there.

  • MOSCOW, March 26- The annexation of Crimea will only temporarily distract Russians from worrying about the economy, a respected economist said, suggesting a rally in President Vladimir Putin's ratings may not last.

  • March 26- BlackBerry Ltd said it received security clearance for U.S. government employees to use its enterprise software on their Android and Apple Inc smartphones and tablets. BlackBerry is trying to regain ground lost to Samsung Electronics Co Ltd and Apple, both of whom have the FIPS 140-2 certification.

  • GSK reports tampering of some bottles of weight-loss drug Wednesday, 26 Mar 2014 | 10:17 AM ET

    March 26- GlaxoSmithKline Plc said some bottles of its weight-loss drug Alli bought in the United States had been tampered with and that the U.S. Food and Drug Administration was investigating. Consumers reported that some bottles bought in stores in seven states contained products other than the drug, the company said on Wednesday.

  • UPDATE 2-Murdoch sets up sons to take over media empire Wednesday, 26 Mar 2014 | 10:17 AM ET

    LONDON, March 26- Rupert Murdoch has brought eldest son Lachlan back into the leadership of his media empire and promoted younger son James, setting them up to succeed him when the 83- year-old tycoon finally steps down.

  • As Assad advances, Syria launches commercial airline Wednesday, 26 Mar 2014 | 10:16 AM ET

    Esmail Sharaf, Vice Commercial Manager, told Reuters that Kinda Airlines will operate out of Damascus International airport and the coastal city of Latakia. It aims to fly to more than 10 destinations within a year, including the United Arab Emirates, Kuwait, Iraq, and "hopefully Lebanon and Jordan".

  • Trade deal would ease U.S. gas exports to Europe -Obama Wednesday, 26 Mar 2014 | 10:10 AM ET

    BRUSSELS, March 26- A new transatlantic trade deal currently under negotiation would make it easier for the United States to export gas to Europe and help it reduce its dependency on Russian energy, U.S.

  • India's JSW Steel sees flat coking coal imports in 2014/15 Wednesday, 26 Mar 2014 | 10:01 AM ET

    NEW DELHI, March 26- JSW Steel, India's No. 3 steel maker, said it expects imports of metallurgical coal to stay flat at 7-8 million tonnes in 2014/ 15, indicating its mills will continue to run below capacity due to soft demand and a shortage of iron ore.

  • Shares of "Candy Crush" maker King fall in market debut Wednesday, 26 Mar 2014 | 10:00 AM ET

    March 26- Shares of King Digital Entertainment Plc, maker of the wildly popular "Candy Crush Saga" game, fell as much as 15 percent in their trading debut on Wednesday, valuing the company at about $6 billion. London- based King raised about $500 million after its initial public offering was priced at $22.50 per share, the mid-point of the targeted price range.

  • HOUSTON, March 26- More ships were waiting on Wednesday morning to sail through the Houston Ship Channel as the cleanup of a Saturday fuel oil spill in Galveston Bay continued, the U.S. Coast Guard said.



  • *Congress manifesto targets inclusive growth. NEW DELHI, March 26- India's main opposition party would welcome more foreign direct investment in defence, if elected, but would delay opening up the country's market of more than 1.2 billion people to international retail chains like Wal-Mart.

  • NEW YORK, March 26- U.S. private sector economic activity growth accelerated in March at a faster clip than in February as the services sector picked up, even as business creation showed warning signs, an industry report showed on Wednesday. In the services sector, new business hit its lowest since November 2012 at 53.9, from 56.0 in February.

  • Shares of Nord Anglia Education rise in market debut Wednesday, 26 Mar 2014 | 9:44 AM ET

    March 26- Shares of Nord Anglia Education Inc rose as much as 12 percent in their U.S. market debut, valuing the Hong Kong- based school operator at about $1.7 billion. The company- which runs 27 schools in Southeast Asia, China, Europe, North America and the Middle East- sold all the 19 million shares in the offering.

  • HAVANA, March 26- Cuba is proposing a new Cuban foreign investment law that would cut the profits tax in half to 15 percent and exempt most investors from paying it for at least eight years, official media said on Wednesday.

  • NEW YORK, March 26- U.S. stock opened higher on Wall Street Wednesday as geopolitical tensions eased after Western powers agreed to hold off on more damaging economic sanctions against Russia unless it went beyond its seizure of Crimea.