Latest Business News Wires - Business Headlines


  • Ericsson leads Europe shares lower with focus on PMIs Wednesday, 23 Apr 2014 | 3:12 AM ET

    LONDON, April 23- European shares edged lower on Wednesday after strong gains in the previous session, pegged back following an earnings miss from Ericsson and weaker-than-expected French data. France's CAC 40 index underperformed, down 0.2 percent, after PMI data for the country showed waning momentum in its fragile economic recovery.

  • China shares close down on weak manufacturing data, IPOs Wednesday, 23 Apr 2014 | 3:05 AM ET

    BEIJING, April 23- China shares fell on Wednesday, with sentiment bogged down by a preliminary survey showing Chinese manufacturing activity contracted for a fourth straight month in April.

  • SHENZHEN, China, April 23- China's Huawei Technologies Co Ltd, the world's No.2 telecoms equipment maker, on Wednesday shrugged off analysts' concerns that its growth will suffer from media reports alleging the United States accessed servers at its Shenzhen headquarters.

  • HONG KONG, April 23- WH Group Ltd has cut the number of shares in its Hong Kong initial public offering, reducing the size of the deal to up to $1.88 billion from the $5.3 billion originally planned, according to a term sheet seen by Reuters on Wednesday. The price range of HK $8.00 to HK $11.25 per share remains unchanged.

  • STOCKHOLM, April 23- Mobile telecom equipment maker Ericsson expects recent business wins to lift sales later this year, after missing first-quarter sales and profit forecasts due to continued weak demand in North America and Japan.

  • *Luanda offers contrasts of conspicuous wealth and poverty. LUANDA, April 23- In Luanda's Jumbo supermarket, a half-litre tub of imported vanilla ice-cream used to cost $25, testament to the Angolan capital's rank as one of the world's most expensive cities.

  • SINGAPORE, April 23- Brent futures held above $109 a barrel on Wednesday with the global demand growth outlook largely unchanged after a Chinese manufacturing survey showed an easing pace of decline, while the unfolding Ukraine crisis kept any losses in check.

  • *Yuan may test 6.25/ dollar if midpoint fixed weaker again. SHANGHAI, April 23- China's yuan hit a 16- month low against the dollar on Wednesday as companies bought dollars to hedge long yuan positions, amid intensified market anticipation that the yuan's recent weakness will last longer than previously expected.

  • *China Mobile shares down on weak Q1 results. BEIJING, April 23- Hong Kong shares eased on Wednesday, hurt by a sell-off in telecoms shares after the mainland's biggest carrier China Mobile posted its third straight quarterly decline in profits.

  • LOS ANGELES, April 22- A U.S. congressman from a Los Angeles community is seeking to lure the factory that makes the bestselling Sriracha-brand hot pepper sauce to his district after residents in its current location complained about the smell.

  • *Crude stocks drop on lower imports. BEIJING, April 23- China's commercial crude oil. China's crude oil imports in March fell to a five-month low of 5.54 million barrels per day, official data has shown, after three months of high inbound shipments and gains in fuel product inventories.

  • SINGAPORE, April 23- The Australian dollar slid on Wednesday after data showed that Australian consumer prices rose less than expected in the first quarter, lessening the risk of a rise in domestic interest rates this year. Other major currencies were subdued, with the euro edging up 0.1 percent to around $1.3817, while the dollar eased 0.1 percent to 102.55 yen.

  • *China factory activity shrinks for 4th month- HSBC. SINGAPORE, April 23- Nickel raced to its highest level in more than 14 months on Wednesday as tighter supplies kept the rally going in the metal that has gained a third this year, while a sustained contraction in China's factory activity weighed on copper.

  • Genworth revives Australia mortgage unit's IPO plan Wednesday, 23 Apr 2014 | 12:12 AM ET

    April 23- Genworth Financial Inc revived plans for an initial public offering of its Australian mortgage insurance unit, nearly two years after it pushed back the IPO citing unfavorable market conditions in that country.

  • *Ukraine president calls for anti-rebel offensive as peace deal falters. SINGAPORE, April 23- Brent futures held above $109 a barrel on Wednesday with the global demand growth outlook largely unchanged after a Chinese manufacturing survey showed an easing pace of decline, while the unfolding Ukraine crisis kept any losses in check.

  • TOKYO/ WASHINGTON, April 22- U.S. Trade Representative Michael Froman arrived in Japan earlier than expected on Wednesday, Japanese media, for a last ditch push for a two-way deal seen as crucial to efforts to create one of the world's biggest trade pacts.

  • Japan inflation likely already beaten forecast: Kuroda Wednesday, 23 Apr 2014 | 12:00 AM ET

    Bank of Japan Governor Haruhiko Kuroda said consumer inflation may exceed the central bank's projection in the fiscal year that ended in March.

  • *Gold dropped overnight to lowest since Feb. SINGAPORE, April 23- Gold was steady but near its lowest in more than two months on Wednesday, with stronger equities denting the metal's safe-haven appeal and outflows from bullion funds showing weak investor appetite.

  • Word's biggest pork firm slashes IPO, delays pricing Tuesday, 22 Apr 2014 | 11:54 PM ET
    (L to R) Chief financial officer of WH Group, Guo Lijun, Executive director and chairman of WH Group, Wan Long, Executive director and president of Smithfield, Larry Pope, Smithfield chief financial officer, Kenneth Sullivan attend a press conference in Hong Kong.

    WH Group is slashing its proposed Hong Kong IPO and delaying the pricing to next week, as market volatility turned investors off the deal.

  • PARIS/ SAO PAULO, April 22- Azul Linhas Aereas, Brazil's third-biggest airline, is set to announce a fleet expansion on Wednesday including an order for its first wide-body aircraft from European planemaker Airbus, according to two people with knowledge of the deal.