Latest Business News Wires - Business Headlines


  • JAKARTA, July 18- Indonesia has resumed some exports of metal ore concentrates after two firms gained permits to ship iron ore, zinc and lead, a mining ministry official said, the first shipments of their kind since the country changed its export rules in January.

  • *GE, IBM shares drop after earnings. Market participants will keep a close eye on geopolitical tensions, as the United States said Friday it could not rule out that Russia may have assisted separatists in firing a missile that likely downed a Malaysian airliner Thursday at the Ukraine- Russia border, killing nearly 300 people.

  • July 18- The Vatican has become enmeshed in a struggle between Hewlett-Packard Co and Michael Lynch, the former CEO of the UK software company Autonomy Corp bought by HP in 2011 in a deal that led to a big loss for the U.S. technology giant.

  • Treasuries held steady on Friday, taking in stride a weaker-than-expected U.S. consumer sentiment survey and holding onto the safe-haven flows stemming from the escalation of tensions in Ukraine and Israel in the last 24 hours.

  • July 18- Valeant Pharmaceuticals Inc moved on Friday to blunt a key criticism by takeover target Allergan Inc of its Bausch+ Lomb business by releasing data showing strong sales growth.

  • Brazil approves new pesticide to combat coffee beetle Friday, 18 Jul 2014 | 11:32 AM ET

    SAO PAULO, July 18- Brazil's government approved the use of pesticides with the active ingredient cyantraniliprole to fight the coffee borer beetle, a note published in the country's Official Gazette said on Friday.

  • The SEC was seeking to overturn a lower court's decision from 2012, in which a federal judge rejected a request by the agency to force the Securities Investor Protection Corp to start court proceedings for the fraud victims, some of whom lost millions of dollars.

  • UNITED NATIONS, July 18- Russia's U.N. ambassador warned the U.N. Security Council on Friday against any attempts to pressure an investigation into the downing of a Malaysian airliner with 298 people on board over Ukraine. "There is a need for impartial, open investigation of what happened.

  • U.S. crude turns lower as investors lock in profits Friday, 18 Jul 2014 | 11:27 AM ET

    NEW YORK, July 18- U.S. crude futures turned lower in late morning New York trade as investors took some profits from the previous day's gains even as tensions between Russia and the West remained high, traders said. U.S. crude was down 4 cents at $103.15 per barrel at 11:21 a.m.. Brent for September pared gains, rising 7 cents to $107.96.

  • NEW YORK, July 18- U.S. stocks rebounded and European markets recovered a bit on Friday but the euro dipped below $1.35 for first time since February after a Malaysian airliner was downed in eastern Ukraine and Israel stepped up a ground assault in Gaza.


  • Steve Forbes will continue to serve as chairman and editor-in-chief. The buyer is a newly formed consortium out of Hong Kong called Integrated Whale Media Investments, led by Integrated Asset Management, an investment company that focus on the technology, finance and telecommunications sectors, and Wayne Hsieh, the co-founder of Asustek Computer Inc..

  • COPENHAGEN, July 18- Danish virtual currency exchange CCEDK is to start trading cryptocurrency NXT for real money such as dollars and euros, the first company to offer this service for the lesser-known cousin of the bitcoin.

  • LONDON, July 18- The world's top trading houses appear to be quickly turning into commodity finance banks, by lending billions of dollars to clients as a decades-long dominance of French banks shrinks.


  • UNITED NATIONS, July 18- The United States said on Friday it could not rule out Russian help to separatists in Ukraine in firing an SA-11 surface-to-air missile that likely downed a Malaysian airliner in eastern Ukraine with 298 people on board.

  • The case marks the first time that the SEC, which oversees the SIPC, has ever filed a lawsuit against the nonprofit corporation to try and force it to start a court liquidation proceeding. The SIPC, which was created by Congress, administers an industry-backed fund that is used to compensate investors if their brokerage collapses.

  • FOREX-Euro dips under $1.35, dollar gains broadly Friday, 18 Jul 2014 | 11:01 AM ET

    *Euro falls after Italy cuts 2014 growth outlook. NEW YORK, July 18- The euro on Friday traded under the psychologically significant $1.35 level for the first time since February as the dollar gained broadly amid geopolitical tensions aggravated by the downing of a Malaysian airliner in Ukraine.

  • July 18- Oilfield service provider Schlumberger Ltd, which drills with Rosneft on the Russian island of Sakhalin, said there was no "real impact" on its business in Russia, two days after the United States slapped sanctions on Rosneft. "As of now, there is no impact from sanctions," Schlumberger Chief Executive Paal Kibsgaard said on a post-earnings conference call.

  • *Copper faces biggest weekly loss since early June. LONDON, July 18- Copper fell to a two-week low on Friday, and its weekly performance headed for the biggest drop in 18 weeks, on concerns about the Chinese property sector and an outlook for increased production. Copper has dropped nearly 3 percent this week, the biggest weekly drop since mid-March.