Latest Business News Wires - Business Headlines


  • SYDNEY, Feb 13- Australian employment fell unexpectedly in January, driving the jobless rate to its highest in more than a decade and sinking the local dollar on speculation interest rates might yet have to eased again in coming months.

  • SYDNEY, Feb 13- London copper edged down on Thursday as traders took profits after optimistic comments by the Federal Reserve chair on growth helped prices rally one percent in the previous session, while robust China trade data also underpinned sentiment.

  • President Barack Obama' s party spoke out on Wednesday against a proposal to give the White House power to fast-track trade deals, delivering another blow to the chances of getting the bill through Congress quickly.

  • ATHENS, Feb 13- Greece's biggest refiner Hellenic Petroleum said late on Wednesday it was planning to temporarily halt production at a flexicoker unit in its Elefsina refinery to repair a technical glitch. "The company has... prepared all required actions to set up a shutdown of the unit," Hellenic said in a statement.

  • Australian dollar hits the skids after weak jobs report Wednesday, 12 Feb 2014 | 8:42 PM ET

    SYDNEY, Feb 13- The Australian dollar dived more than one percent on Thursday after a weak jobs report revived speculation that interest rates may be cut again in coming months. The Aussie skidded as far as $0.8929, having touched a one-month high of $0.9068 on Wednesday. 1/ 8 ID:. The Aussie was also nursing heavy losses against the euro, yen and sterling.

  • SAN FRANCISCO, Feb 12- Graphics chipmaker Nvidia Corp has halted plans to build a flashy new campus that could have rivaled the architectural ambitions of major Silicon Valley neighbors like Facebook Inc and Apple Inc.

  • WASHINGTON, Feb 12- For Mitch McConnell, the top Senate Republican, a vote to end debate over raising the U.S. debt ceiling on Wednesday was much more than a vote to leave Washington before a snowstorm arrived.

  • BEIJING, Feb 13- Lenovo Group Ltd's recent string of multi-billion-dollar acquisitions will have a negative impact on the Chinese personal computer maker's performance in the short term, Chief Executive Yang Yuanqing said on Thursday.

  • S.Korea central bank keeps rates unchanged for 9th month Wednesday, 12 Feb 2014 | 8:12 PM ET

    SEOUL, Feb 13- South Korea's central bank stood pat for a ninth straight month on Thursday, as expected, and a firming economic recovery supported the consensus market view that the bank would begin raising interest rates later this year.

  • NYMEX-U.S. crude dips but holds near four-month high Wednesday, 12 Feb 2014 | 8:09 PM ET

    SINGAPORE Feb 13- U.S. crude oil futures eased on Thursday, but held near a four-month high touched the previous session on expectations one-time landlocked oil will continue to flow to Gulf coast refineries from the U.S. contract's benchmark delivery point. U.S. crude for March delivery fell 13 cents to $100.24 by 0040 GMT after closing at $100.37 on Wednesday.

  • Feb 12 (Reuters)- Competition is cooling Whole Foods Market Inc's red-hot run, and the largest U.S. organic and natural food retailer stunned investors on Wednesday by cutting its 2014 sales forecast for the second time in three months.

  • SINGAPORE, Feb 13- Gold was trading steady near its three-month high on Thursday, close to breaking past $1,300 an ounce as technical momentum, short-covering and hopes for a measured tapering of U.S. stimulus offset any negative impact from firmer equities.

  • TOKYO, Feb 13- Asian markets held steady near three-week highs on Thursday, as investors were cautiously optimistic after upbeat trade data from China eased concerns over the global economy and helped take some of the sting off the recent emerging markets turmoil.

  • BUENOS AIRES, Feb 12- Argentine President Cristina Fernandez criticized supermarket chains and said they could face consequences for what she claimed was price speculation on basic products, as the government tries to keep a lid on inflation. "Why does Argentina lack yerba?

  • ADVISORY-Peru story on illegal mined gold withdrawn. Wednesday, 12 Feb 2014 | 7:12 PM ET

    LIMA, Feb 11- Please be advised that the story headlined " Peru says crackdown on illegally mined gold may cut exports 25 pct" published Tuesday Feb 11 is withdrawn. Dynacor Gold Mines Inc. said in a statement that it denies it has had any of its gold confiscated by the authorities. STORYtNUMBER: L2N0LG1S0 STORYtDATE: 12/02/2014 STORYtTIME: 0026 GMT.

  • Second top Democrat opposes U.S. fast-track trade power Wednesday, 12 Feb 2014 | 6:44 PM ET

    President Barack Obama' s party spoke out on Wednesday against a proposal to give the White House power to fast-track trade deals, delivering another blow to the chances of getting the bill through Congress quickly.

  • *Forecasts first-quarter revenue $62 mln- $63 mln vs est $60.6 mln. Feb 12- Real estate website operator Zillow Inc warned that near-term profit would be hit due to higher advertising costs, sending its shares down 3 percent in after-hours trading.

  • NEW YORK, Feb 12- New York City Mayor Bill de Blasio included a tax on the wealthy to pay for universal pre-kindergarten in his first budget and proposed restoring $1 billion to a retiree healthcare fund that his predecessor's plan would have drained. The Democrat-led City Council must approve a budget by the start of fiscal 2015 on July 1.

  • CALGARY, Feb 12- Canadian National Railway is charging shippers more to transport crude oil in older tank cars, one of the first signs that rail operators are actively discouraging use of the type of cars involved in several dramatic explosions.

  • *Expects second-qtr adj EPS $0.25- $0.29/ shr vs est $0.27. Feb 12- Applied Materials Inc, the biggest maker of equipment used to make semiconductors, reported a 39 percent jump in first-quarter revenue as higher demand from manufacturers of flash memory chips helped to offset weak sales to makers of logic chips.