Latest Business News Wires - Business Headlines


  • *Euro falls, breaks below $1.37 after Nowotny's comments. VIENNA, Oct 31- The European Central Bank will provide more liquidity by the time cheap long-term loans it made in late 2011 and early 2012 expire, governing council member Ewald Nowotny told CNBC.

  • SoftBank reports record 6-month operating profit Thursday, 31 Oct 2013 | 2:16 AM ET

    TOKYO, Oct 31- Japan's SoftBank Corp reported a record six-month profit on Thursday, helped by strong sales of handsets, subscriber growth and a share price that has more than doubled this year.

  • TOKYO, Oct 31- The Bank of Japan said on Thursday that Japan is making steady progress towards achieving 2 percent inflation but warned of headwinds from overseas, such as a slowdown in emerging economies.

  • *Brent-WTI spread near 6- month highs at around $13. *Libya may resume exports from key port in 10 days- official. SINGAPORE, Oct 31- Brent crude edged lower on Thursday, but held well above $109 a barrel and was set to end October with its fourth monthly gain in five, bolstered by disruptions to shipments from key producer Libya.

  • TOKYO, Oct 31- Iran's top four crude buyers cut their purchases by 11.5 percent in the first nine months of the year, with oil shipments set to remain under pressure from sanctions despite tentative signs of better relations between Tehran and Washington.

  • LAUNCESTON, Australia, Oct 31- It's two weeks since China's first iron ore futures contract started trading and so far volumes and open interest are robust and prices are slightly lower.

  • HONG KONG, Oct 31- Hong Kong and China shares fell from one-week highs by midday on Thursday, with the Chinese banking sector on the defensive following disappointing quarterly earnings from two of the "Big Four" lenders.

  • SYDNEY, Oct 31- Asian markets suffered a glancing blow on Thursday after the U.S. The damage was mostly superficial with MSCI's index of Asia-Pacific shares outside Japan off just 0.3 percent. Shares in Shanghai lost 0.7 percent while Japan's Nikkei eased 0.4 percent.

  • *Japan manufacturing activity surges but wage growth slow. TOKYO, Oct 31- The Bank of Japan maintained its massive stimulus programme at a policy review on Thursday, and later in the day is expected to slightly revise up its economic growth forecast to around 1.5 percent for the next fiscal year.

  • Follows offer from Shucheng to buy Suntech's China subsidiary. *Rising demand for solar products means injection makes sense for China- economist.

  • JGBs slightly down in quiet trade as BOJ holds steady Thursday, 31 Oct 2013 | 12:24 AM ET

    TOKYO, Oct 31- Japanese government bond prices eased slightly on Thursday in relatively quiet trading after the Bank of Japan kept its monetary policy steady as expected. Treasury yields overnight had some negative impact on JGBs. By a unanimous vote, the BOJ maintained its pledge to increase Japan's monetary base by 60- 70 trillion yen a year.

  • Iraqi tribes say Lukoil project must fuel better life Thursday, 31 Oct 2013 | 12:00 AM ET

    *Tribes want more jobs, drinkable water. Al-Toraba, BASRA, Iraq, Oct 31- Sheikh Mansour Hamid al-Imara clutches his prayer beads and watches a huge new oil facility nearing completion across the road from his village, hoping that Russian operator Lukoil will offer his poor tribesmen a better way of life.

  • China's yuan at 1-week low as authorities battle inflows Wednesday, 30 Oct 2013 | 11:50 PM ET

    A two-month rangebound trading spell in the Chinese currency was broken earlier this month when the People's Bank of China pegged the yuan higher against the greenback in a series of stronger fixes sparking speculation that authorities were preparing for a new phase of yuan strength. 6.0937 per dollar virtually unchanged from the previous close.

  • METALS-Copper slips, set for first monthly loss in four Wednesday, 30 Oct 2013 | 11:36 PM ET

    SINGAPORE, Oct 31- London copper fell on Thursday after the U.S. The Federal Reserve extended its support for a soft U.S. economy on Wednesday, sounding a bit less optimistic about growth as it announced plans to keep buying $85 billion in bonds per month.

  • *Euro zone bond allocation rises to 2-1/ 2- year high. TOKYO, Oct 31- Japanese fund managers increased their assets allocated to equities to a 1-1/ 2- year high in October on expectations that the U.S.

  • *Brent-WTI spread near 6- month highs at around $13. SINGAPORE, Oct 31- Brent crude edged lower on Thursday, but held up well above $109 a barrel and is set to end October with its fourth monthly gain in five, bolstered by disruptions to shipments from key producer Libya. Brent crude for December delivery was off 17 cents at $109.69 a barrel by 0241 GMT.

  • SYDNEY/ SINGAPORE, Oct 31- The dollar hovered near a two-week high against a basket of major currencies on Thursday, after extending gains when the Federal Reserve mollified jumpy markets and kept its massive bond-buying stimulus in place. Some investors had been taking profits on very bearish dollar positions leading up to the Oct 29-30 policy meeting.

  • *Industry seeking to avoid delays to projects worth more than $12 bln. JAKARTA, Oct 31- Work on billions of dollars worth of new roads, bridges, dams and power plants in Indonesia could soon come to a standstill unless the government takes emergency action to help construction firms cover rising production costs, an industry trade group said.

  • NEW YORK, Oct 30- A small group of demonstrators shouting "no shop and frisk" gathered at the Manhattan storefront of Barneys New York Inc on Wednesday to express outrage over black customers' complaints they were stopped by police after making luxury purchases.

  • METALS-Copper eyes first monthly loss in four Wednesday, 30 Oct 2013 | 10:00 PM ET

    SINGAPORE, Oct 31- London copper fell on Thursday after the U.S. *Copper prices touched a one-week top at $7,299.50 a tonne on Wednesday. *The most-traded January copper contract on the Shanghai Futures Exchange climbed by 0.1 percent to 51,910 yuan a tonne.

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