Latest Business News Wires - Business Headlines


  • TOKYO, July 18- The yen hit a five-month high versus the euro on Friday and held some of its overnight gains against the dollar as investors saw the currency as a safe haven after the downing of an airliner over Ukraine and the Gaza conflict stoked geopolitical tension. The Malaysian Airlines passenger jet was brought down over eastern Ukraine.

  • *Gold slips after sharp overnight jump. SINGAPORE, July 18- Gold dipped on Friday on profit-taking after a sharp overnight jump, but the metal is being supported by a wave of risk aversion after a Malaysian airliner was downed in eastern Ukraine, killing nearly 300 people.

  • *Australian PM Abbott expresses revulsion, says Russian-backed rebels behind crash. *Russian ambassador called in, questions raised over Putin's G20 visit. *27 Australians dead in Malaysia Airlines downing.

  • It could easily be a women's club gathering anywhere in middle Australia, but these women are producing a teddy bear that has become one of the most sought after commodities in China.

  • *June home prices ease from May, second straight monthly fall. BEIJING, July 18- China's average new home prices fell in June from May for a second straight month and are expected to continue declining in coming months, a challenge to Beijing if prices fall too sharply and weigh further on the broad economy.

  • TOKYO, July 18- Japan's Nikkei share average dropped to a one-week low on Friday morning and posted its biggest one-day fall in two months as investors turned risk averse on news that a Malaysian Airlines passenger jet was shot down near the Ukraine- Russia border.

  • "This action expands a prohibition of U.S. flight operations issued by the FAA in April, over the Crimean region of Ukraine and adjacent areas of the Black Sea and the Sea of Azov," the agency said. Earlier in the day, the FAA said American air carriers had voluntarily agreed to avoid flying through airspace near Russia's border with Ukraine after the crash.

  • *South Korea has long been expected to switch to tariffs. SEOUL, July 18- South Korea will scrap caps on rice imports from the start of 2015, instead managing shipments into the country using a system of steep tariffs, the government said on Friday.

  • POWRANNA, Australia, July 18- Thousands of Black Angus bulls snort steam gently into the frigid early morning air at Tasmania's largest cattle feedlot as they jostle for space at a long grain trough.

  • SAN FRANCISCO, July 17- Google Inc's reshuffle of its senior ranks underscores the Internet company's evolving business ambitions, analysts say. On Thursday, Google announced the surprise departure of its veteran business chief Nikesh Arora, who will become Vice Chairman of SoftBank Corp..

  • KUALA LUMPUR, July 18- Malaysian Airlines System Bhd shares fell sharply on Friday on news one of its planes was downed in Ukraine, raising pressure on the state-run carrier to try to restore investor confidence after the second major disaster in months.

  • CBS CEO says he will look at CNN if it goes up for sale Thursday, 17 Jul 2014 | 9:33 PM ET

    LOS ANGELES, July 17- CBS Corp Chief Executive Officer Leslie Moonves said on Thursday the media company would take a look at Time Warner Inc's cable news network CNN if it goes up for sale as part of a merger with Rupert Murdoch's Twenty-First Century Fox Inc..

  • SYDNEY, July 18- Australian Prime Minister Tony Abbott said on Friday it appeared that "Russian-backed rebels" were behind the shooting down of a Malaysia Airlines passenger jetliner over eastern Ukraine that killed all 298 people on board.

  • SEOUL, July 18- Line Corp, a Japan- based social messaging service firm, has filed for an initial public offering in the United States, Bloomberg news reported on Friday, citing unidentified sources. Line's parent company, South Korea's Naver Corp, said on Wednesday that Line had filed for an initial public offering in Tokyo.

  • *Ukraine says rebel missile shoots down Boeing 777 with 298 aboard. HRABOVE, Ukraine, July 18- The United States believes a surface-to-air missile brought down a Malaysian airliner that crashed in eastern Ukraine on Thursday, killing all 298 people on board, an incident that sharply raises the stakes in a conflict between Kiev and pro- Moscow rebels.

  • SYDNEY, July 18- Australian Prime Minister Tony Abbott said on Friday it appeared that "Russian-backed rebels" were behind the shooting down of a Malaysia Airlines passenger jetliner over eastern Ukraine.

  • Twitter to unveil new metrics to show wider reach -WSJ Thursday, 17 Jul 2014 | 9:02 PM ET

    July 17- Twitter Inc, which has been struggling to revive flagging user growth, is expected to introduce new metrics to show that its microblogging service has a wider audience who may not necessarily be logged in to their accounts, the Wall Street Journal reported.

  • TAIPEI, July 18- Taiwan's Hon Hai Precision Industry Co Ltd, the world's largest contract manufacturer of electronic goods, will begin mass production of Apple Inc's next-generation iPhone this month, local media reported Friday.

  • SYDNEY, July 18- Australia's Qantas Airways, Korea Air Lines Co Ltd and Asiana Airlines Inc said on Friday they shifted flights operating over Ukrainian air space months ago amid increasing tensions between Kiev and pro- Moscow rebels.

  • SINGAPORE, July 18- Gold climbed on Friday on safe-haven demand after a Malaysian airliner was downed in eastern Ukraine, killing nearly 300 people onboard, escalating geopolitical tensions and pushing down global equity markets.