Latest Business News Wires - Business Headlines


  • *U.S. sanctions on Russia include Rosneft, Exxon's partner. OSLO, July 21- An ordinary, long-scheduled journey of an oil drilling rig into Arctic waters is turning into a major political exercise, attracting international scrutiny and creating a dilemma for ExxonMobil.

  • *Holiday in Japan saps currency markets. LONDON, July 21- The yen and Swiss franc climbed on Monday, supported by safe-haven inflows as European stocks stumbled, while the dollar was pegged back against the euro by subdued U.S. yields. Volumes were light though, due to a holiday in Japan.

  • July 21- CBS Outdoor Americas Inc said it would buy some outdoor advertising businesses from privately held U.S. billboard company Van Wagner Communications LLC for $690 million in cash. CBS Outdoor, whose customers include Apple Inc, McDonald's Corp and Sony Corp, went public in late March.

  • LONDON, July 21- European equity indexes edged lower on Monday, led by auto stocks after poor sales data from France's Peugeot threw the spotlight on existing concerns about demand from emerging markets.

  • *Move will cut over half of Amplats workforce. JOHANNESBURG, July 21- World number-one platinum producer Anglo American Platinum is to sell a swathe of its most labor-intensive South African mines after a five-month strike shattered its hopes of ever making them profitable.

  • *June crude imports from Iran at 531,200 bpd, up 38 pct y/y. BEIJING, July 21- China's crude imports from Iran in the first half of the year were up nearly 50 percent, although shipments in June dropped nearly a third from May to the lowest level in four months.

  • KIEV, July 21- Ukrainian Finance Minister Oleksander Shlapak said on Monday Kiev's "anti-terrorist campaign" was costing more than 1.5 billion hryvnias a month and that Kiev needed additional funds to cover the mounting bill. "We need to seek additional resources for this operation," he told a meeting of leaders of parliamentary parties.

  • July 21- Halliburton Co, the world's No. 2 oilfield services provider, reported a 20 percent rise in quarterly profit as drilling activity increased in the United States and the Gulf of Mexico. The company also increased its share repurchase program to $6 billion from $5 billion.



  • July 21- Hasbro Inc, the second-largest U.S. toymaker, reported an 8.2 percent increase in quarterly sales, helped by strong demand for its boys' toys such as action figures based on "Transformers" movies and Marvel comics. Hasbro's sales of boys' toys rose 32 percent, while those for girls' toys such as My Little Pony and Littlest Pet Shop rose 10 percent.

  • BUDAPEST, July 21- Hungary could risk a selloff in its currency by converting its huge stock of Swiss franc and euro mortgages into forints as the timing looks tricky: the planned conversion will take place after the Fed ends its stimulus programme.

  • *Holcim says interest in assets has doubled in past 2 weeks. ZURICH/ PARIS July 21- Cement makers Holcim and Lafarge have received more than 100 expressions of interest in assets they must sell ahead of their planned merger, the Swiss company's chief executive said on Monday.

  • *Markets eye developments in Ukraine, Gaza strip. LONDON, July 21- Gold steadied above $1,300 an ounce on Monday, as European shares weakened and political tensions simmered after the downing of a Malaysian airliner in eastern Ukraine last week and incessant fighting in Gaza.

  • LISBON, July 21- Portugal's Banco Espirito Santo is appointing a special financial advisor to help it raise capital to cope with large debts at the bank's founding family.

  • BEIJING, July 21- China signed a bilateral currency swap agreement worth 150 billion yuan with the Swiss central bank, which can invest up to 15 billion yuan in China's bond market. The Swiss National Bank is allowed to invest up to 15 billion yuan in China's interbank bond market under a quota given by the PBOC.

  • The increasingly deadly conflict between Israel and Gaza- based militants, fighting in eastern Ukraine and new sanctions on Russia over its perceived role in the Ukraine crisis were capping further advances in global equities, with MSCI's emerging index half percent off recent 16- month highs.

  • *SK Hynix says received formal notice of Toshiba suit. SEOUL, July 21- South Korea's SK Hynix Inc on Monday said Japanese rival Toshiba Corp is seeking 109.15 billion yen in damages in a lawsuit filed over the suspected leak of NAND flash memory chip technology.

  • The loss of momentum in Germany, Europe's biggest economy, will concern policymakers who are watching for any impact on the bloc from the Ukraine crisis and Israel's ground offensive in Gaza. Economists polled by Reuters earlier this month expected second-quarter growth of 0.2 percent in Germany, followed by 0.5 percent in each of the following five quarters.

  • *U.S. National activity index June at 1230 GMT. LONDON, July 21- Copper steadied on Monday as risk-hungry investors saw value in a metal whose price lost 2.4 percent last week, though worries over China's property sector and a build-up of copper stocks kept gains in check.