Latest Business News Wires - Business Headlines


  • BANGKOK, Feb 5- Thailand's central bank warned on Wednesday of "substantially increased" risk to economic growth after the weekend's disrupted general election did nothing to restore stability in the politically polarised country.

  • JAKARTA, Feb 5- Indonesia's economy grew at a faster annual pace than expected in the fourth quarter, as domestic consumption remained strong despite aggressive tightening by the central bank.

  • Detroit's bankruptcy tab at $13.7 mln and growing Wednesday, 5 Feb 2014 | 12:11 AM ET

    Feb 4- Detroit's price tag for lawyers, consultants and other professionals hit $13.7 million in the first 75 days of its historic bankruptcy, according to a report filed late Tuesday by a court-appointed fee examiner.

  • Renault looks to enter low-cost car segment in India Wednesday, 5 Feb 2014 | 12:08 AM ET

    GREATER NOIDA, India, Feb 5- France's Renault may launch a car priced below 450,000 rupees in India, a senior executive said on Monday, as the company looks to tap the biggest and fastest growing segment of the Indian car market.

  • TORONTO, Feb 5- Canada Pension Plan Investment Board said on Wednesday it will open an office in Sao Paulo in April, intent on boosting real estate and infrastructure investments in the region even as money is flowing out of emerging markets.

  • BANGALORE, Feb 5- The seven-month downturn in Indian services sector activity eased in January but input prices continued their relentless climb, heaping further pressure on the Reserve Bank of India, a survey showed on Wednesday.

  • BANGKOK, Feb 5- The Bank of Thailand's monetary policy committee felt the risks to economic growth had increased substantially due to political unrest and worried that export orders could take a hit, according to minutes of its last rate-setting meeting. At the meeting on Jan. 22, the MPC voted 4-3 to leave the policy rate unchanged at 2.25 percent, a three-year low.

  • Superlong JGBs firm, yield curve flattens Tuesday, 4 Feb 2014 | 11:41 PM ET

    TOKYO, Feb 5- Superlong Japanese government bond prices firmed on Wednesday, flattening the yield curve further as some domestic pension funds bought 30- year bonds. On Thursday, the Ministry of Finance will hold its monthly auction for 500 billion yen of 30- year notes, reopening the current issue number 41 for the regular settlement date.

  • SYDNEY, Feb 5- The yen edged higher on Wednesday but remained below multi-month highs after emerging markets stabilised, while the Australian dollar took a breather following a powerful rally. The U.S. dollar eased 0.2 percent to 101.45 yen while the euro sagged 0.3 percent to 137.03 yen.

  • *Wall St steadier but US stock futures in the red. SYDNEY, Feb 5- Asian shares struggled to sustain the slimmest of rallies on Wednesday as a hesitant performance by the Japanese market fuelled fresh demand for safety in the yen and top-rated bonds.

  • *HSI flat, H-shares -0.3 pct, China reopens Friday. *China cyclicals biggest drags, but Anhui Conch up. Feb 5- Hong Kong shares lingered at seven-month lows on Wednesday after benchmark indexes surrendered gains over the first hour of trade as a rebound proved short-lived with markets still jittery after a steep sell-off in recent sessions.

  • *Gold trading in tight range in Asian hours. SINGAPORE, Feb 5- Gold slipped for a second session on Wednesday as a modest rebound in equities dented the metal's safe-haven appeal, while weak physical trade in top buyer Asia also dragged on prices.

  • Adidas sues Under Armour over patent infringement Tuesday, 4 Feb 2014 | 11:29 PM ET

    Feb 4- German sportswear maker Adidas sued Under Armour Inc in a U.S. court over alleged infringement of patents governing fitness training and tracker devices, a court filing showed. In a lawsuit filed with the Delaware court on Tuesday, Adidas said Under Armour and MapMyFitness "willfully infringed" the German company's ten patents.

  • JAKARTA, Feb 5- Indonesia's economy in 2013 grew at its slowest pace in four years, the statistics bureau said on Wednesday, as the end of a commodities boom undermined exports and higher interest rates dragged on consumption.

  • *U.S. approves limited re-exports of foreign crude to Europe. *Cushing crude stocks fall by 1.6 million barrels- API. SINGAPORE, Feb 5- Brent crude edged up towards $106 a barrel on Wednesday, pulled higher by gains in U.S. benchmark oil after industry data showed a drop in inventories at the WTI contract's delivery point.

  • --Clyde Russell is a Reuters market analyst. Those realities included the fact that rice buyers were largely able to switch to competitors, allowing Vietnam and India to overtake Thailand as the world's top rice exporters.

  • *Jan CPI of 4.2 pct highest since November 2011. MANILA, Feb 5- The sustained uptrend in the Philippines' inflation over the past five months reduces the room the central bank has to hold interest rates steady, the governor said on the eve of a policy meeting following the release of January consumer price data.

  • SAN FRANCISCO, Feb 4- California's senate leader is preparing a $644 million emergency drought relief bill designed to quickly fund shovel-ready projects to combat the state's severe water shortage, according to a draft of the bill. California is facing its worst drought in decades.

  • *Sony gains on talks to sell loss-making PC business. TOKYO, Feb 5- The Nikkei average climbed more than 1 percent on Wednesday, bouncing from a four-month low hit the previous day, as investors scooped up recently battered stocks like Panasonic and Toyota Motor following strong earnings results.

  • Feb 4- Morgan Stanley said it would pay $1.25 billion to the U.S. regulator for Fannie Mae and Freddie Mac to settle a lawsuit related to the sale of mortgage-backed securities.