Latest Business News Wires - Business Headlines


  • SYDNEY/ SINGAPORE, Feb 12- The Australian dollar hit a one-month high as upbeat Chinese trade data eased concern about China's economy, while the U.S. dollar held above a two-week low after Federal Reserve chief Janet Yellen offered no surprises in her first congressional testimony.

  • China H-shares hit 3-week high after solid trade data Tuesday, 11 Feb 2014 | 11:20 PM ET

    *China trade data trumps expectations, more macro data ahead. *China property leads cyclical gains in HK, A-shares sluggish.

  • *China's January exports beat expectations. *China's crude imports rose 12 percent. "The strong data underpins strength in oil markets and across the whole commodity board," said Mark Keenan, head of commodities research in Asia at Societe Generale.

  • BEIJING, Feb 12- China's trade performance zoomed past forecasts in January as import growth hit a six-month high, confounding market expectations that the world's second-largest economy is mired in a deepening slowdown.

  • TOKYO/ SYDNEY, Feb 12- Asian shares rallied for a fourth straight session on Wednesday, as upbeat trade data from China and an optimistic economic outlook from Federal Reserve Chair Janet Yellen whetted investors' appetite for risk.

  • TOKYO, Feb 12- Japanese government bond prices dipped on Wednesday after Federal Reserve Chair Janet Yellen sharpened investors' risk appetite with a pledge to continue tapering the Fed's stimulus drive- despite a still-unstable U.S. labour market. JGBs were hit by a rise in stocks rose and fall in U.S.

  • *Lawsuit seeks to hold former MF Global CEO Corzine, others responsible for brokerage's collapse. NEW YORK, Feb 11- A federal judge on Tuesday allowed a lawsuit to move forward that seeks to hold former MF Global Holdings Ltd Chief Executive Officer Jon Corzine and other executives responsible for the brokerage's collapse.

  • Nikkei climbs to 1-1/2 week high; Nissan, Sony shine Tuesday, 11 Feb 2014 | 9:36 PM ET

    *Nissan soars as investors cover short positions- traders. *Sony rises on Apple supply report.

  • WASHINGTON/ NEW YORK, Feb 11- Bitcoin is being hit by attacks from unknown computer hackers who are sending "mutated" lines of code into the program that runs the virtual currency, a spokeswoman from its main trade organization said in a statement on Tuesday.

  • SINGAPORE, Feb 12- Airbus said on Wednesday that Amedeo, formerly called Doric Lease Corp, had signed a firm order for 20 A380s worth $8.3 billion at list prices. Amedeo and Airbus officials signed the final agreement for the order at the Singapore Airshow, Asia's largest aerospace event.

  • SINGAPORE, Feb 12- The star attraction at Asia's biggest arms and aerospace bazaar is an outwardly unassuming aircraft parked in a distant corner of the tarmac, past the sleek jet fighters and menacing attack helicopters.

  • SYDNEY, Feb 12- London copper climbed on Wednesday as appetite for risk picked up following comments by new Federal Reserve Chair Janet Yellen that painted an improving picture for the world's top economy. *Copper prices have recouped more than 1 percent since falling to two-month lows of $7,016 on Feb. 4, but are still down 3.3 percent this year.

  • CARACAS, Feb 11- Venezuelan President Nicolas Maduro on Tuesday said his government in the coming hours would reform currency exchange regulations to allow for a new foreign exchange platform under the OPEC nation's currency controls.

  • Feb 11- Fiscal policy and a "feckless" federal government are dragging on U.S. economic growth, a top Federal Reserve official said on Tuesday.


  • NYMEX-U.S. crude oil futures rise on stock data Tuesday, 11 Feb 2014 | 7:56 PM ET

    SINGAPORE Feb 12- U.S. crude oil futures climbed above $100 per barrel on Wednesday, buoyed by data from the American Petroleum Institute that showed crude stocks fell by 2.5 million barrels at a key U.S. delivery hub. The U.S. Energy Information Administration will release its weekly inventory report later today.

  • CARACAS, Feb 11- Venezuelan President Nicolas Maduro on Tuesday said his government in coming hours would reform currency exchange regulations to allow for a new foreign exchange platform under the OPEC nation's currency controls. The new system would complement the foreign exchange auction system known as Sicad, Maduro said.

  • NEW YORK, Feb 11- Mexico and China are discussing creating a joint fund for investments in infrastructure projects in Latin America's No.2 economy, Mexican deputy finance minister Fernando Aportela said on Tuesday during a visit to New York.

  • Feb 11- The Obama administration may have pushed the bounds of its legal authority by delaying the healthcare law requirement that certain employers provide coverage to full-time workers, but the move will be tough to challenge in court, according to legal experts.

  • PITTSBURGH, Feb 11- One person was injured and another was missing after an explosion on Tuesday at a natural gas well owned by Chevron Corp in southwestern Pennsylvania, a company spokesman said.