Latest Business News Wires - Business Headlines


  • *Premature to discuss how, when to end QQE-Momma. TOKYO, June 20- The Bank of Japan has a variety of tools and ways to exit from its massive monetary stimulus, although it is premature to discuss when it will end its ultra-loose policy, a senior central bank official said in an article released on Friday.

  • *Some Iranian crude supplied via Malaysia- Sri Lanka govt spokesman. *Sri Lanka's sole refinery is configured for Iran light crude. COLOMBO, June 20- The United States denied on Friday that it had any agreement with Sri Lanka to allow Colombo to import Iranian crude oil through third parties, avoiding Western sanctions aimed at curbing Iran's nuclear programme.

  • *Obama to send up to 300 military advisors to Iraq. LONDON, June 20- Oil held near $115 a barrel on Friday, close to a nine-month high, and was headed for its second weekly gain on increased risks of disruption to supply from Iraq.

  • LONDON, June 20- British drugmaker Shire has rejected a 27 billion-pound takeover offer from AbbVie, the latest attempt by a U.S. healthcare firm to tap into the London- listed group's low tax rate. Abbvie's takeover offer proposed creating a new U.S.-listed holding company with a UK tax domicile in a so-called "inversion" move.

  • MILAN, June 20- Carlyle Group has sold its entire 7.13 percent stake in Moncler for 215 million euros, the asset manager said on Friday, six months after the Italian luxury down jacket maker listed on the Milan bourse.

  • *World share index hits record high, Japan stocks at 5- month top. *Gold near two-month peak after vicious short-covering rally. LONDON, June 20- Global stocks traded just off record highs on Friday, still largely undeterred by a second week of violence in Iraq that has sent oil prices to nine-month highs.

  • *Sterling firmer on more signs of UK economic strength. LONDON, June 20- The dollar was under pressure on Friday, heading for its biggest weekly loss in over two months against a basket of currencies following the Federal Reserve's surprisingly dovish policy outlook.

  • HONG KONG, June 20- Hong Kong shares snapped a four-day losing steak, as the beaten-down Macau gambling sector rebounded, but still suffered a loss for the week. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong gained 0.4 percent, but had its 5- week winning streak ended with a 1.2 percent drop for the week.

  • PARIS, June 20- Shares in Euronext started trading at 19.40 euros on Friday, 3 percent below the price set for its initial public offering, signaling investor doubts about the financial market operator's prospects as stock trading volumes remain muted. "In this context, it's hard to get excited about Euronext's business, the potential growth is tiny.

  • Shire says AbbVie offer undervalues group Friday, 20 Jun 2014 | 4:01 AM ET

    LONDON, June 20- British drugmaker Shire said it rejected a takeover proposal from U.S. group AbbVie because it undervalued the company and its growth prospects.

  • Shire props up European shares on bid hopes Friday, 20 Jun 2014 | 3:56 AM ET

    *Shire up 13 percent as AbbVie confirms rejected bid. LONDON, June 20- A rally in drugmaker Shire helped European bourses hold onto gains on Friday on news the British firm had been the target of a takeover bid from U.S. rival AbbVie. Shares in Shire rose 13 percent to 42.31 pounds after AbbVie confirmed it had made a bid approach, which was rejected by Shire's board.

  • PARIS/ FRANKFURT, June 20- Siemens and Mitsubishi Heavy Industries raised their offer for Alstom's energy arm on Friday, challenging a revamped bid by General Electric as the deadline for a decision nears. This values Alstom's power businesses at 14.6 billion euros, Siemens said, 400 million more than previously and still well above GE's 12.4 billion.

  • *Shanghai copper premiums jump amid tight physical supply. SINGAPORE, June 20- London copper futures rose for a sixth session in a row on Friday in their longest winning run this year, backed by tighter physical supply in top metal consumer China.

  • Shire tops flat European shares on bid hopes Friday, 20 Jun 2014 | 3:18 AM ET

    LONDON, June 20- A rally in drugmaker Shire helped European bourses hold onto recent gains on Friday on news the British drugs maker had been the object of a takeover bid from U.S. rival AbbVie. Shares in Shire rose 13 percent after AbbVie confirmed it had made a bid approach for the British group, which was rejected by Shire's board.

  • China shares post worst weekly loss since late April Friday, 20 Jun 2014 | 3:12 AM ET

    HONG KONG, June 20- China shares ended slightly up on Friday, but posted their worst weekly loss in almost two months on a spate of new initial public offerings which locked up a large amount of funds and prompted investors to divert money from their existing holdings.

  • *CPI data due June 27 at 8:30 a.m.. TOKYO, June 20- Japan's consumer inflation is expected to ease slightly in May, excluding a sales tax hike, as gains in gasoline moderated, but prices are believed likely to accelerate soon as a tight labor market supports consumer spending.

  • LONDON, June 20- British drugmaker Shire has rejected a takeover offer from AbbVie Inc which would have valued the group at around 27 billion pounds, the U.S. firm said on Friday.

  • TOKYO, June 20- Japanese shares were flat on Friday as investors booked profits after their rally to 4-1/ 2- month highs the previous day, but the mood remained upbeat with trade volume hitting its best level in three months.

  • KIEV, June 20- Ukraine's Finance Ministry said on Friday it had paid a $73.33 million coupon payment on a $3 billion Eurobond purchased by Russia in December.

  • AbbVie says Shire rejected bid approach Friday, 20 Jun 2014 | 2:11 AM ET

    LONDON, June 20- U.S. drugmaker AbbVie Inc confirmed on Friday it had made a bid approach to Shire, which was rejected by the British group's board. AbbVie was responding to a Reuters story on Thursday which revealed the talks.