Latest Business News Wires - Business Headlines


  • METALS-Copper hits 6 session low on China PMI; holidays Wednesday, 30 Apr 2014 | 9:39 PM ET

    SYDNEY, May 1- London copper slipped to a six-session low on Thursday after China's manufacturing sector showed a slight improvement in April but missed forecasts, while prices were set to drift with top consumer China off on a two-day break. *In China, markets are closed on Thursday and Friday for Labour Day Holidays.

  • April 30- Sprint Corp is planning to move ahead on a bid for smaller rival T-Mobile US Inc after meeting banks in April, Bloomberg reported, quoting people with knowledge of the situation.

  • SEOUL, May 1- South Korea's exports to the United States jumped 19.3 percent in April from a year earlier while shipments to China grew at a much slower 2.4 percent rate, data from the trade ministry showed on Thursday.

  • China April official PMI rises to 50.4 from 50.3 in March Wednesday, 30 Apr 2014 | 9:08 PM ET

    BEIJING, May 1- China's official Purchasing Managers' Index edged up to 50.4 in April from March's 50.3, the National Bureau of Statistics said on Thursday, as the government uses targeted measures to support the slowing economy.

  • SEOUL, May 1- South Korean exports grew at their strongest annual pace in over a year, data showed on Thursday, indicating the recovery in global demand was gathering momentum after a softer start to the year.

  • SINGAPORE, May 1- U.S. crude held below $100 a barrel on Thursday, after slipping more than $1 in the previous session to hit a one-month low as crude inventories in the United States rose to a new all-time high last week.

  • SINGAPORE, May 1- Gold held at lower levels hit overnight on Thursday, pressured by the U.S. *Spot gold was flat at $1,290.96 an ounce by 0026 GMT, after losing 0.4 percent on Wednesday. *Several Asian markets, including China, Hong Kong and Singapore, are closed for the Labour Day holiday.

  • *Nikkei bounces as Wall St proves resilient to poor US GDP. SYDNEY, May 1- Share markets edged higher on Thursday as investors wagered the U.S. economy was on the mend after a shockingly weak start to the year, yet a drop in both the dollar and Treasury yields suggested not everyone was convinced.

  • LONDON/ NEW YORK/ PARIS, May 1- Publicis and Omnicom have lost more than $1.5 billion of client work in recent weeks and face a fight to retain billions more, including a huge Samsung contract, just as the two advertising firms struggle to keep their merger on track.

  • GOP: Health signups lagging Wednesday, 30 Apr 2014 | 8:20 PM ET

    A report released Wednesday said one-third of people who signed up for health insurance through new federal exchanges hadn't paid their first month's premium.

  • NEW YORK, April 30- A CSX Corp train carrying crude oil derailed and burst into flames in downtown Lynchburg, Virginia, on Wednesday, spilling oil into the James River and forcing hundreds to evacuate. In its second oil-train accident this year, CSX said 15 cars of a train traveling from Chicago to Virginia derailed at 2:30 p.m. EDT.

  • SEOUL, May 1- Following are South Korea's preliminary export and import figures for April, released by the Ministry of Trade, Industry and Energy on Thursday:. APR* MAR Balance 4.5 4.2 Exports 50.3 49.7 +9.0 +5.1 Imports 45.9 45.6 +5.0 +3.6* Revised figures released on April 14.

  • DIARY - Emerging Markets Economic Events to May 13 Wednesday, 30 Apr 2014 | 8:02 PM ET

    May 1- For other related diaries, please. ASTANA- 47th Annual Meeting of the Board of Governors of the Asian Development Bank. SEJONG CITY- South Korean Finance Minister Hyun Oh- seok will chair an external meeting at the government complex in Sejong for economic issues- 0100 GMT.

  • ADVISORY-China markets closed for holiday May 1, 2 Wednesday, 30 Apr 2014 | 8:00 PM ET

    BEIJING, May 1- China's stock, bond, foreign exchange and commodity futures markets are closed on May 1 and May 2 for the National day holiday. Markets will resume trade on Monday, May 5. For the latest Chinese market reports, double-click on the following codes in brackets for stocks.

  • WASHINGTON, April 30- The United States has resisted lobbying by U.S. drug and pharmaceutical companies to take tougher trade action against India for its intellectual property policies, deciding against risking ties with a likely new government in New Delhi.

  • FOREX-Dollar stunned by dismal GDP data, China PMI eyed Wednesday, 30 Apr 2014 | 7:35 PM ET

    SYDNEY, May 1- The dollar wallowed at three-week lows against a basket of major currencies early on Thursday, still shaky after a shocking set of data showed the U.S. economy all but stalled in the first quarter.

  • MEXICO CITY, April 30- Mexican mining company Industrias Penoles on Wednesday said its profit in the first quarter fell 42 percent from the same period last year as sales sank due to lower metals prices.

  • WASHINGTON, April 30- The International Monetary Fund's board signed off on a $17 billion two-year aid program for Ukraine on Wednesday to help the former Soviet republic's economy recover after months of turmoil.

  • UPDATE 1-Facebook lets users limit data shared with apps Wednesday, 30 Apr 2014 | 7:01 PM ET

    SAN FRANCISCO, April 30- Facebook introduced new features on Wednesday that let users limit how much personal information they share with third-party mobile apps, a move meant to quell privacy concerns as the social network seeks to become a top entry port to the Internet.

  • WASHINGTON, April 30- U.S. lawmakers scolded federal regulators for not doing enough to prevent scam artists from luring retirees into risky investments in precious metals, fraud from which has cost victims an estimated $300 million since 2001.. The first line of defense is putting the crooks in prison, "said Senator Claire McCaskill, a Missouri Democrat.