Latest Business News Wires - Business Headlines


  • Gold slipped $10.70 an ounce to $1,323.24 by 0732 GMT, down from a six-month high of $1,391.76 hit early last week. Gold is under pressure from the U.S. dollar as the U.S.

  • BEIJING, March 24- China's Foreign Ministry said on Monday that the Chinese government could not confirm that objects spotted by a Chinese military aircraft earlier in the day were connected with the missing Malaysia Airlines jetliner. The comments were made by ministry spokesman Hong Lei at a daily news briefing.

  • *Premiums for China bonded copper stocks drop $5 to $95/ 115- Shmet. SYDNEY, March 24- London copper recouped early losses on Monday as hopes grew that China would step in to support its economy after a private survey showed expansion in factories slowed for a fifth month in March.

  • SINGAPORE, March 24- Brent crude futures slipped on Monday after a two-day rise, weighed down by weak Chinese factory data that could dent demand in the world's second biggest oil consumer, although hopes Beijing may unleash stimulus measures capped losses.

  • JPMorgan top China investment banker Fang to retire Monday, 24 Mar 2014 | 3:07 AM ET

    Frank Gong will become chairman of investment banking for China, while Brian Gu and Jing Zhao will become co-heads of investment banking for China, the memo said.

  • March 24- Cisco Systems Inc plans to offer cloud computing services, pledging to spend $1 billion over the next two years to enter a market currently led by the world's biggest online retailer Amazon.com Inc, the Wall Street Journal reported.

  • European shares, though, were set for a lower start, with financial spreadbetter London Capital Group expecting Britain's FTSE 100 to open -34 points, or -0.5 percent; Germany's DAX to open -47 points, or -0.5 percent; and France's CAC 40 to open -38 points, or -0.8 percent.

  • TOKYO, March 24- Japanese government bond prices fell on Monday, taking cues from gains in share prices, but most domestic real money accounts were sidelined ahead of their book closings at the end of March. Some domestic market players are taking profits in cash bonds ahead of their financial year end on March 31.

  • TOKYO, March 24- Japan's Nikkei share average climbed 1.8 percent on Monday, bouncing off from a six-week low on the back of a tentative recovery in risk appetite, though underlying concerns about Japan's economic outlook kept gains in check.

  • BEIJING, March 24- China's economy may still grow around 7.5 percent this year despite signs of a slowdown, and there is no immediate need for the government to roll out fresh stimulus measures, Asian Development Bank President Takehiko Nakao said on Monday.

  • TOKYO, March 24- The Bank of Japan said on Monday it will stop placing an embargo on Governor Haruhiko Kuroda's press briefings, meaning media organisations can report to their subscribers the central bank chief's comments in real time.

  • GOYANG, South Korea, March 24- Growing interest in sending more U.S. natural gas to Europe does not hold a big threat for Asian gas markets, although such exports would help improve spot market liquidity for the super-chilled form of the fuel, a Shell executive said on Monday.

  • MEXICO CITY, March 23- The chief executive of a major Mexican oilfield services company was held for questioning on Saturday in connection with a fraud investigation that forced Citigroup to cut its 2013 profit, the federal attorney general's office said on Sunday.

  • *Hong Kong at one-week high on short-covering. HONG KONG/ SHANGHAI, March 24- Shares in Hong Kong and China shares rose on Monday as a weak factory survey heightened expectations that Beijing will have to unveil stimulus measures soon to avert a sharper downturn in the world's second-largest economy.

  • LAUNCESTON, Australia, March 24- China's apparent new-found willingness to allow market forces to play a bigger role in its financial arena will ultimately be positive for the commodity sector. Defense Secretary Donald Rumsfeld- in China's commodity space is how much demand has been linked to financing deals, as opposed to actual consumption.

  • SYDNEY/ TOKYO, March 24- The dollar held on to last week's gains on Monday though it lacked a fresh catalyst to extend them while the Australian dollar dipped after a soft Chinese manufacturing data.

  • SEOUL, March 24- South Korea has set a budget of around 7.34 trillion won for 40 Lockheed Martin F-35 fighter jets, a source with direct knowledge of the deal said on Monday, in a purchase to be finalised in the third quarter.

  • March 23- Apple Inc is in talks with Comcast Corp to enter into a deal for a streaming-television service that would allow Apple set-top boxes to bypass congestion on the web, the Wall Street Journal reported, citing people familiar with the matter.

  • NEW DELHI, March 24- Despite India's prohibitions on gambling, anyone keen to bet on who will be the next occupant of the prime minister's residence at 7, Race Course Road can call a closely guarded phone number, or find the right doorway in a city backstreet.

  • China's yuan rebounds from 13-month low, outlook bumpy Monday, 24 Mar 2014 | 12:30 AM ET

    HONG KONG, March 24- China's yuan bounced from a 13- month low against the dollar on Monday as investors bet the currency's weak spell may be ending for now after the central bank set a stronger mid-point fixing.