GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • SHANGHAI, Jan 28-- The financial services affiliate of Alibaba launched on Wednesday a system that will use the e-commerce giant's data trove to assess the creditworthiness of Chinese consumers and businesses with little or no history at traditional lenders. The credit-scoring system, Sesame Credit, will mine user data as well as payment histories from...

  • Russian rouble edges lower at market opening Wednesday, 28 Jan 2015 | 2:07 AM ET

    MOSCOW, Jan 28- Russia's rouble edged lower against the U.S. dollar and euro in the opening minutes of trading on Wednesday, as oil prices fell towards $49 a barrel. At 0706 GMT, the rouble was around 0.3 percent weaker against the dollar at 67.01 and lost 0.3 percent to trade at 76.16 versus the euro. For rouble poll data see.

  • TOKYO, Jan 28- Japan's Canon Inc reported a slight rise in fourth-quarter profit thanks to a weaker yen and solid office equipment sales even as its camera business struggled to attract photographers increasingly using compact models made by rivals. Canon said on Wednesday its operating profit for October-December rose to 98.5 billion yen from 93.5 billion...

  • RUSSIAN C.BANK SAYS FINANCE MINISTRY SOLD $50 MLN OF FOREIGN CURRENCY ON CURRENCY MARKET ON JAN 26.

  • Yahoo Inc gained more than 6 percent in after-hours trading on its plans to spin off its 15 percent stake in China's Alibaba Group Holding Ltd, responding to pressure to hand its prized e-commerce investment over to shareholders. European shares were expected to keep their bullish tone since the European Central Bank unveiled quantitative easing last week,...

  • TOKYO, Jan 28- Japanese stocks rose to a fresh one-month high on Wednesday as expectations of strong corporate earnings and a weaker yen boosted investor sentiment. Market participants were also buying on expectations that Wall Street shares would recover Tuesday's losses on Wednesday, as U.S. stock futures rebounded during Asian hours.

  • WASHINGTON, Jan 28- The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery. Fed Chair Janet Yellen faces growing skepticism that the central bank can tighten monetary policy by...

  • NEW YORK, Jan 28- President Barack Obama's plan to put the United States at the forefront of individually tailored medical treatment should give a much-needed boost to research in the field but experts say it won't work without reforms to healthcare, including drug testing and insurance. Obama said he wanted the United States to "lead a new era of medicine, one...

  • OTTAWA, Jan 28- Justin Trudeau, the man with the best shot at replacing Stephen Harper as Canada's prime minister, will spend this year's election campaign trying to convince voters that he is more than just a pretty face. Trudeau, 43, a relative political novice, took over Canada's storied but struggling Liberal Party in 2013 and quickly hauled it into first place...

  • Between the 2009 and 2013 fiscal years, funding for a wide swath of discretionary grant programs, from Head Start preschool education to anti drug initiatives, fell by an average of 40 percent in Republican-leaning states like Texas and Mississippi. By contrast, funding to Democratic-leaning states such as California and politically competitive swing...

  • MOSCOW, Jan 28- For Boris Lisitsyn, Russia's financial crisis means less meat, cheese and sausage- hardships the 86- year-old says won't kill him anytime soon. But for him and the millions of pensioners who make up about a third of Russia's population, rising prices are also spurring anger over declining living standards, threatening a pool of support President...

  • Research by Morgan Stanley, published on Jan. 25, said that oil and diesel made up between 9 and 12 percent of the total production costs for bulk commodities such as coal, iron ore and bauxite, but only 3 to 5 percent for metals. The spot price of iron ore in Asia dropped to a 5-1/ 2- year low of $62.80 a tonne on Tuesday, and is down 67 percent from its peak of $191.90 reached...

  • *To cut debt/equity ratio to 0.8-1.2 times after Bumble Bee deal. Thai Union, producer of "Chicken of the Sea", the third-biggest tuna brand in the United States, has moved aggressively on overseas acquisitions as part of a plan to double its revenue. In December, it announced an agreement to purchase Bumble Bee pending approval from U.S. authorities.

  • SHANGHAI, Jan 28- China's yuan weakened against the dollar on Wednesday, bucking a strengthening in the central bank's official midpoint as the sentiment on the currency's outlook is poor, traders said. The People's Bank of China set the midpoint rate at 6.1282 per dollar prior to the market open, firmer than the previous fix of 6.1364. Spot trading opened at...

  • JGBs slip ahead of Fed, superlongs fare better Tuesday, 27 Jan 2015 | 11:51 PM ET

    TOKYO, Jan 28- Japanese government bond prices slipped on Wednesday as brokers reduced their positions ahead of the U.S. Federal Reserve's policy announcement later in the day and as Japanese share prices rebounded from early losses. The 10- year JGB yield rose 2.5 basis points to 0.285 percent, while the five-year yield rose 1.5 basis point to 0.050 percent.

  • China stocks extend slide, Hong Kong edges up Tuesday, 27 Jan 2015 | 11:46 PM ET

    SHANGHAI, Jan 28- China stocks fell on Wednesday on concerns about tighter liquidity and a fresh slide in oil prices, but Hong Kong managed to eke out gains as telecommunications counters climbed. In Hong Kong, the Hang Seng index rose 0.3 percent to 24,889.02 points, buoyed by telecommunications, with industry heavyweight China Mobile rising 1.8 percent.

  • PRECIOUS-Gold holds above $1,290 ahead of Fed decision Tuesday, 27 Jan 2015 | 10:38 PM ET

    *Fed may keep status quo, gold seen at $1,270- $1,290- Phillip. SINGAPORE, Jan 28- Gold steadied above $1,290 an ounce on Wednesday, largely clinging to gains from the previous session, as focus turned to whether a weaker global economy may curb the U.S. The Fed will probably stick to the status quo and if that proves to be true then gold should continue to hover between...

  • SHENZHEN, China, Jan 27- Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, would like to slim its massive workforce with the help of automation, and for now will work on stabilising its headcount, the company told Reuters. Under its flagship unit Hon Hai Precision Industry Co Ltd, the group currently employs about 1.3...

  • MELBOURNE, Jan 28- London copper moved away from 5-1/ 2- year lows on Wednesday, propped up by a weaker dollar after a drop in U.S. capital goods orders sparked talk the Federal Reserve might push back its timeline for raising interest rates. Copper prices have been walloped by persistent signs of weakening growth in top user China as well as sickly European demand...