Latest Business News Wires - Business Headlines


  • China's yuan steady, c.bank and oil prices in focus Monday, 23 Jun 2014 | 11:04 PM ET

    HONG KONG, June 24- China's yuan was broadly unchanged on Tuesday in subdued trading, as firmer oil prices offset optimism from a survey showing stronger Chinese manufacturing activity. "Oil is trending higher and investors are waiting for more data to take a view on the currency," said a trader at a European Bank in Hong Kong.

  • JGBs steady as investors await Japan growth plan Monday, 23 Jun 2014 | 11:03 PM ET

    Japanese Prime Minister Shinzo Abe will detail his so-called "third arrow" policies including phased corporate tax cuts and reforms for the $1.26 trillion Government Pension Investment Fund, the world's biggest pension fund.

  • SACRAMENTO, Calif., June 23- California lawmakers on Monday approved a measure making it easier to use alternative currencies including Bitcoin, even as the failed Tokyo based bitcoin exchange, Mt Gox, moved forward into bankruptcy protection.

  • SYDNEY/ TOKYO, June 24- The dollar-bloc currencies held onto gains on Tuesday, having outperformed their G3 peers on optimism about Chinese growth. The Canadian dollar traded at C $1.0725, not far from a 5-1/ 2 month peak of C $1.0717 per U.S. dollar.

  • *Mitsui Fudosan falls as new shares come into market. TOKYO, June 24- Japan's Nikkei share average stepped back from a 5- month high on Tuesday, as the focus in domestic markets turned to Prime Minister Shinzo Abe's release later in the day of his much-anticipated policy initiatives to boost growth.

  • *Gold investors eyeing Iraq developments. SINGAPORE, June 24- Gold was little changed on Tuesday as investors watched developments in violence-wracked Iraq, while platinum steadied after two days of losses as strikes in top producer South Africa came to an end.

  • SYDNEY, June 24- London copper slipped from three-week highs on Monday as a weaker-than-expected European manufacturing survey for June dented prospects for otherwise encouraging global growth.

  • SAN FRANCISCO, June 23- A group of influential Internet moguls aim to fix what they refer to as the "big money problem" in Washington politics by, well, raising cash.

  • SINGAPORE June 24- U.S. crude futures fell under $106 per barrel in Asian trade on Tuesday as supply concerns eased after data showed near record exports from Iraq's southern regions, but U.S. inventories are projected to fall.

  • OSLO, June 24- Governments should set a five-year deadline to crack down on over-fishing and pollution or parts of the oceans may have to be declared off-limits to industrial fishing, an expert commission said on Tuesday.

  • WASHINGTON, June 23- The U.S. Export-Import Bank has suspended or removed four officials as investigators look into allegations of improper gifts and kickbacks as well as efforts to direct contracts to favored businesses, the Wall Street Journal reported on Monday.

  • *Sunni insurgents capture three towns in Iraq's Anbar. NEW YORK, June 23- Brent crude recorded its largest one-day decline in five weeks on Monday, falling toward $114 a barrel as oil exports from Iraq remained unaffected by Islamic insurgents' continued advance on Baghdad.

  • SINGAPORE, June 24- Gold slipped on Tuesday as investors awaited developments in violence-wracked Iraq before making big safe-haven purchases, while platinum extended losses to a third day as strikes in top producer South Africa came to an end.

  • SAN DIEGO June 23- Dublin, Ireland- based Alkermes Plc has the low-tax domicile currently in vogue among multinational pharmaceutical companies but is not interested in being bought out as it nears the launch of new drugs, its chief executive said on Monday.

  • *Manufacturing improves in US, China and Japan, but Europe soft. SYDNEY, June 24- Asian shares were subdued on Tuesday while major currencies kept to recent snug ranges after a surprisingly soft reading on euro zone manufacturing took the shine off better data from China, Japan and the United States.

  • The deal was approved by U.S. Bankruptcy Court Judge Brendan Shannon in Wilmington three months after Brookstone filed for Chapter 11 bankruptcy protection when it saw sales fall as shoppers cut discretionary spending.

  • WASHINGTON, June 23- The U.S. commodities regulator will have to carry out a review of metals warehousing if a bill before the U.S. House of Representatives is passed, the latest sign of intense U.S. political pressure over the controversy at the London Metal Exchange.

  • SYDNEY, June 24- South Africa's Woolworths Holdings Ltd offered on Tuesday to buy the 12 percent of Australian clothes retailer Country Road Ltd it does not already own from billionaire Solomon Lew for A $213 million.

  • DIARY - Government Debt auctions to Aug 28 Monday, 23 Jun 2014 | 8:03 PM ET

    DIARY- Central& Eastern Europe debt. *=All times in GMT unless stated otherwise, For Australia time is updated as Local time. 02 July Germany 4 bln Eur Auction of 5- year Federal Note 02 July Sweden Auction of Treasury Bills 03 July 0950 France OAT Auction 03 July Japan 3- month discount bill auction 03 July Japan Auction of 10- year Government.

  • DIARY - Top Economic Events to July 7 Monday, 23 Jun 2014 | 8:01 PM ET

    NEW YORK- Federal Reserve Bank of Philadelphia President Charles Plosser speaks on the economic outlook and monetary policy before the Economic Club of New York- 1205 GMT.