Latest Business News Wires - Business Headlines


  • 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.

  • BERLIN, Nov 5- German luxury carmaker BMW said third-quarter operating profit at its key automotive division fell more than expected due to the cost of new technology and price discounts in core European markets.

  • MILAN, Nov 5- Italian banks are near saturation point after two years spent frantically buying their own government's bonds, forcing the Treasury to find alternative investors at home and abroad to finance a 2- trillion euro debt.

  • HONG KONG, Nov 5- China shares eked out gains on Tuesday, as strength in agricultural stocks offset weakness in the financial sector following hawkish comments from Premier Li Keqiang ahead of a key Communist Party policy meeting starting this weekend.

  • UPDATE 1-Holcim sees lower full-year cement sales Tuesday, 5 Nov 2013 | 2:02 AM ET

    ZURICH, Nov 5- Holcim, the world's largest cement maker by market value, said on Tuesday it does not expect 2013 sales volumes to reach last year's levels, due in part to sluggish demand in some key emerging markets.

  • After bailout, Ireland goes back to building houses Tuesday, 5 Nov 2013 | 2:00 AM ET

    SWORDS, Ireland, Nov 5- When 20 newly built family homes went up for sale in this Dublin commuter belt town in September, queues started three hours before the viewing opened on Saturday morning.

  • *China premier comments quash any additional stimulus hopes. TOKYO, Nov 5- Asian shares sagged on Tuesday after hawkish comments from China's premier ahead of a key Communist Party meeting, though expectations that the U.S.

  • *Heavy gunfire heard in Libya's capital Tripoli. SINGAPORE, Nov 5- Brent futures on Tuesday traded near a four-month low touched overnight, but worries over a prolonged outage from oil exporter Libya helped the benchmark hold above $106 a barrel.

  • TOKYO, Nov 5- Japan's Nikkei average edged higher on Tuesday, ending a two-day losing run as gains made by companies such as farm equipment maker Kubota Corp after lifting earnings forecasts countered Nissan Motor Co Ltd's plunge on weaker guidance.

  • *China risks stoking inflation with more easing- Premier Li. HONG KONG, Nov 5- China shares tested their lowest in a week on Tuesday, leading Hong Kong markets lower, as growth-sensitive counters were hit by hawkish comments from Premier Li Keqiang ahead of a key Communist Party policy meeting this weekend.

  • *Windshield cracked while landing at Melbourne airport. SYDNEY/ NEW DELHI, Nov 5- Boeing Co is working with Air India Ltd after the windshield of a 787 Dreamliner cracked while landing in Australia, the Seattle- based plane maker said on Tuesday, the latest in a series of problems to beset the plane.

  • *Li says China needs 7.2 percent GDP growth to support employment. BEIJING, Nov 5- China needs to sustain economic growth of 7.2 percent to ensure a stable job market, Premier Li Keqiang said as he warned the government against further expanding already loose money policies.

  • SHANGHAI, Nov 5- China's yuan edged up against the dollar on Tuesday after the central bank set a slightly firmer midpoint, signalling a likely end to a week-long weakening trend for the Chinese currency.

  • SYDNEY/ SINGAPORE, Nov 5- The euro eased on Tuesday, stalling near a seven-week low as investors were cautious ahead of the European Central Bank's policy meeting this week, while the Aussie dollar slipped after the nation's central bank talked down the currency.

  • SAN FRANCISCO, Nov 4- Google Inc is launching a service that lets consumers pay for live video chats with experts who can provide everything from step-by-step turkey cooking instructions to marriage counseling.

  • Nov 4- Hertz Global Holdings Inc's quarterly adjusted profit beat analysts' estimates, helped by higher off-airport car rentals and strong performance of Dollar Thrifty, which it bought last year.

  • BANGALORE, Nov 5- Indian services firms recovered slightly last month from the worst slump in over four years in September but activity still shrank and a shortage of new orders means a rebound looks some way off, a survey showed on Tuesday.

  • HONG KONG, Nov 5- China Development Bank will return to the offshore yuan debt market and start selling at least 3 billion yuan in bonds on Wednesday, two sources with direct knowledge of the deal said.

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