Latest Business News Wires - Business Headlines


  • JGBs firm on volatile stocks, BOJ's buying Monday, 24 Feb 2014 | 1:16 AM ET

    TOKYO, Feb 24- Japanese government bond prices ticked up on Monday, with the benchmark 10- year yield flirting with a three-month low touched last week, supported by the Bank of Japan's buying as well as volatile share markets.

  • Every Mobile World Congress in the past four years has featured an announcement about one of these operating systems. This year is no different, as handset makers, carriers and chipmakers try to break the stranglehold that Google Inc and Apple Inc have on the software that runs the world's mobile phones.

  • TOKYO, Feb 24- Asian stocks dropped on Monday, rekindling safe-haven demand for the yen, as plunging property stocks took a toll on China and investors continued to fret about the impact of the U.S.

  • SINGAPORE, Feb 24- Brent futures rose above $110 a barrel on Monday, defying losses seen in most other risk assets on expectations of revived demand growth across industralised and emerging nations. Brent crude had gained 19 cents to $110.04 a barrel by 0546 GMT, after settling higher for a second straight week.

  • *France's Western allies reluctant to send troops to help. PARIS/ DAKAR, Feb 23- When France sent troops to halt violence between Christians and Muslims in Central African Republic, commanders named the mission Sangaris after a local butterfly to reflect its short life.

  • SAN FRANCISCO/ BARCELONA, Feb 24- Facebook Inc Chief Executive Officer Mark Zuckerberg will take a victory lap at the world's largest mobile technology conference in Barcelona on Monday, after beating out Google Inc in a $19 billion acquisition of free messaging service WhatsApp.

  • Feb 24- Activist hedge fund Starboard Value LP wants to put to shareholder vote Darden Restaurants Inc's plan to spin off its Red Lobster chain, the Wall Street Journal reported, citing a letter Starboard plans to send to shareholders on Monday.

  • *New plants possible in Delaware and Michigan. BEIJING Feb 24- U.S.-based Fisker Automotive, which has been acquired by China's largest auto parts company, plans to restart production of its Karma plug-in hybrid luxury car "within a year" and will also complete the half-finished development of a second model, according to a senior executive.

  • TOKYO, Feb 24- Las Vegas Sands Corp Chief Executive Sheldon Adelson said on Monday his company was willing to spend "whatever it takes" to set up a casino project in Japan, one of the largest untapped gaming markets in the world.

  • *China Vanke tests 5- year low; cement, banks dive too. HONG KONG, Feb 24- China shares tumbled to their lowest in two weeks early on Monday, hurting Hong Kong markets, roiled by mainland news reports saying banks have begun tightening property loans.

  • SYDNEY, Feb 24- The Group of 20' s proposal to lift economic activity by 2 percent over the next five years has so many holes in it, there's no wonder it was the first official target that all members felt happy to agree on. The International Monetary Fund has said it will be watching for progress on the plans, but it has no power to compel or punish.

  • KIEV, Feb 24- Ukraine's interim leadership pledged to put the country back on course for European integration now that Moscow- backed Viktor Yanukovich has been ousted from the presidency, while the United States warned Russia against sending in its forces.

  • Mt. Gox resigns from Bitcoin Foundation - WSJ Sunday, 23 Feb 2014 | 11:18 PM ET

    Gox, the embattled Toyko-based bitcoin exchange, resigned on Sunday from the board of the Bitcoin Foundation, the Wall Street Journal reported, citing a person familiar with the situation. Gox is one of the industry representatives on the board of the Bitcoin Foundation, which advocates for the virtual currency.

  • BEIJING, Feb 24- China's home price rises eased for the first time in 14 months in January, the latest sign that the government's over four-year campaign to rein in property risk may finally be starting to bite.

  • SINGAPORE, Feb 24- Brent futures rose above $110 a barrel on Monday, defying the losses seen in most other risk assets on expectations of revived demand growth across industralised and emerging nations. Brent crude had gained 19 cents to $110.04 a barrel by 0340 GMT, after settling higher for a second straight week.

  • KIEV, Feb 24- Some wear black balaclavas and grubby army fatigues, others wield spiked iron clubs, all united in a common goal to protect Kiev in the power vacuum following the ouster of president Viktor Yanukovich.

  • HONG KONG, Feb 24- The Chinese yuan fell on Monday and extended its worst weekly performance in more than two years after the People's Bank of China fixed the daily midpoint weaker for a fifth session.

  • The workers will shift from a defined pension to a 401- style retirement benefit system on Jan. 1, 2016, Boeing said in a statement on Sunday. Boeing said it expects the changes in the retirement plan to result in non-cash pension curtailment charges of about $80 million to first-quarter GAAP earnings.

  • *Nikkei +0.1 pct, Topix +0.1 pct. TOKYO, Feb 24- Japan's Nikkei share average climbed to a three-week high in choppy trade on Monday morning as speculators jumped on a slight weakening in the yen to cover their short positions. The benchmark Nikkei gained as much as 0.8 percent to 14,982.53- its highest level since Jan. 31- after rising 2.9 percent on Friday.

  • PRECIOUS-Gold edges lower after 3rd week of gains Sunday, 23 Feb 2014 | 10:12 PM ET

    *Gold still targets $1,307.46- technicals. SINGAPORE, Feb 24- Gold inched lower on Monday after posting a third straight week of gains, but the precious metal may get support from worries over the pace of the U.S. economic recovery and China's growth.