Latest Business News Wires - Business Headlines


  • TOKYO, March 28- A deadline for a court-mandated investigation into why bitcoin exchange Mt. The Tokyo District Court had set a Friday deadline for Nobuaki Kobayashi, a partner at Nagashima Ohno& Tsunematsu, to report on his investigation into the collapse last month of what was once the world's largest bitcoin exchange.

  • HONG KONG, March 28- China's top offshore oil producer, CNOOC Ltd, posted an 11.4 percent slide in its 2013 net profit on Friday, lagging analysts' forecasts, as it struggled to deliver production growth and control costs amid weakening crude prices.

  • UPDATE 1-French GDF Suez to sell U.S. LNG to Taiwan Friday, 28 Mar 2014 | 4:58 AM ET

    PARIS, March 28- French gas and power group GDF Suez said on Friday it has signed a deal to sell U.S. liquefied natural gas to CPC Corporation of Taiwan. GDF Suez will deliver 800,000 tonnes of LNG per year to CPC over a 20- year period starting 2018. The gas will be sourced from the Cameron LNG plant in the United States.

  • LONDON, March 28- The euro fell to three-week low against the dollar on Friday, with investors wary given strong rhetoric from European Central Bank officials about its recent strength and awaiting German inflation data that could undermine it further.

  • SINGAPORE, March 28- Twenty-one of the world's top-25 news organisations have been the target of likely state-sponsored hacking attacks, according to research by two Google security engineers.

  • HONG KONG, March 28- China's top offshore oil producer CNOOC Ltd posted a 11.4 percent slide in its 2013 net profit on Friday, lagging analysts' forecasts, as it struggled to deliver production growth and control costs amid weakening crude prices.

  • ALMATY, March 27- A consortium developing Kazakhstan's $50 billion Kashagan oilfield said the result of a probe into a toxic gas leak there was now expected in the second quarter, extending the closure of one of the world's biggest oil finds.

  • LONDON, March 28- European equities edged higher on Friday, led by basic resources shares on expectations any move by China to step up infrastructure spending would boost demand for industrial metals.

  • SHANGHAI, March 28- Hong Kong shares rose on Friday on the back of strong bank earnings, helping the benchmark index have its best weekly performance since mid-February. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong closed up 1.3 percent, contributing to its best weekly performance since the week ending Nov. 22.

  • MUMBAI, March 28- After waiting nearly two years, India's GMR Energy plans to file an IPO prospectus in coming days to raise about $250 million, sources with direct knowledge of the deal said, starting what bankers hope is an election-fuelled revival in equity raising.

  • BANGKOK, March 28- Thai rice prices have been tumbling and are expected to keep dropping over the next few weeks as more supply comes to market and after the government was forced to shelve a controversial scheme to support farmers.

  • SYDNEY, March 28- London copper edged higher on Friday, moving further away from more than three-year lows hit earlier this month, as hopes for stimulus in top metals user China put it on target for its biggest weekly rise in six months.

  • MILAN, March 28- Intesa Sanpaolo, Italy's biggest retail bank, posted a net loss of 4.55 billion euros on Friday, due to heavy writedowns on bad loans and impairments on some units, but said it was now on course to rebuild profits.

  • SHANGHAI, March 28- China shares closed down on Friday, as gains from major index heavyweights were offset by a sell-off in tech shares as investors booked profits on worries that their recent stellar performance may be coming to an end. Investors also continued to desert Kweichow Moutai Co Ltd, with the stock losing 3.2 percent.

  • TOKYO, March 28- Japanese stocks rose to two-week highs on Friday in choppy trade ahead of the approaching fiscal year-end, while Yahoo Japan Corp dived on questions over strategy following news it will buy mobile network operator eAccess from SoftBank Corp. Gains in Asian markets helped the Nikkei share average end 0.5 percent higher at 14,696.03, the best close since March 13.

  • SINGAPORE, March 28- Brent steadied below $108 per barrel on Friday, holding most of its gains from the prior session and heading for the first weekly rise in five, on promising U.S. data and fears geopolitical tensions could dent supply from Russia.

  • *Asian shares supported by reports Beijing to accelerate spending. SYDNEY, March 28- The euro was wallowing near three-week lows in Asia on Friday as speculation intensified that the European Central Bank might ease policy further, while reports Beijing would fast track infrastructure spending supported Asian shares.

  • SHANGHAI/ HONG KONG, March 28- Hong Kong shares produced a solid gain early Friday, lifted by the financial sector on strong bank earnings, while mainland index edged up, held down by falls in tech stocks. The China Enterprises Index of the top Chinese listings in Hong Kong rose 1.6 percent.

  • BEIJING, March 28- China's Premier Li Keqiang sought to reassure jittery global investors that Beijing was ready to support the cooling economy, saying the government had the necessary policies in place and would push ahead with infrastructure investment.

  • Ukraine faces painful slog to economic recovery Friday, 28 Mar 2014 | 1:00 AM ET

    *Russia accounts for 25 pct of Ukrainian exports. KIEV, March 28- Smarting from Ukraine's U-turn towards Europe, Russia is likely to employ every weapon in its economic arsenal to ensure its neighbour's road to financial recovery is as painful as possible, even when paved with billions of dollars in Western aid.