Latest Business News Wires - Business Headlines


  • Saudi camel tradition may hinder control of new disease Tuesday, 29 Apr 2014 | 12:08 PM ET

    RIYADH, April 29- The 40- odd men gathered in a sandy, dung-scattered auction pen at one of Saudi Arabia's largest camel markets were fiercely dismissive of a link scientists have found between the animals and an often fatal virus in humans. We live and sleep and spend our whole lives with them and there's nothing, "said Faraj al-Subai'i, a trader at the market.

  • UNITED NATIONS, April 29- The U.N. Security Council on Tuesday partially eased a decade-long arms embargo on Ivory Coast and removed a ban on its diamond exports, a measure that U.N. experts said had failed to stop illicit trafficking. U.N. experts have valued the annual illicit trade in Ivory Coast diamonds at between $12 million and $23 million.

  • BRASILIA, April 29- Nagging concerns about rising consumer prices and a political scandal involving Brazil's state-run oil company are taking a toll on President Dilma Rousseff's popularity, increasing the chances that an opposition challenger can force this year's election to a runoff, a new poll showed on Tuesday.

  • *Less crude exported to India, Syria in April. LONDON, April 29- Iran's oil exports fell in April for a second month, according to sources who track tanker movements, moving closer to levels allowed by November's interim deal on curbing Tehran's nuclear programme.

  • *Twitter to report earnings after market close. NEW YORK, April 29- U.S. stocks edged higher on Tuesday following better-than-expected earnings from Merck& Co and Sprint Corp.. The Dow Jones industrial average outperformed the broader market as component Merck& Co' s shares jumped nearly 3 percent to $58.31 after its earnings report.

  • WASHINGTON, April 29- The United States offered a reward of up to $5 million on Tuesday for a Chinese businessman accused of supplying missile parts to Iran, and targeted companies from China and Dubai for allegedly helping Iran evade weapons and oil sanctions.

  • Writing for the majority, Justice Ruth Bader Ginsburg called the EPA rule a cost-effective way to allocate responsibility for emission reductions among so-called upwind states, and that the EPA need not consider each state's proportionate responsibility for the emissions in question.

  • *Deutsche gives two weeks' notice, to cease involvement May 13. LONDON, April 29- Deutsche Bank has resigned its seat on the London precious metal fixes without finding a buyer, a spokesman for the lender said on Tuesday, leaving four banks to set the global gold price benchmark under increasing regulatory scrutiny.

  • *Russia is Europe's fastest-growing Internet audience. MOSCOW, April 29- Russia's upper house of parliament approved a law on Tuesday that will impose stricter rules on bloggers and is seen by critics as an attempt by President Vladimir Putin to stifle dissent on the Internet.

  • The warnings are the latest in a string of advisories from U.S. state regulators, including Nevada and Maryland, as they look to toughen rules on the use of the controversial cryptocurrency.

  • METALS-Copper dips ahead of U.S. data, Fed meeting Tuesday, 29 Apr 2014 | 11:20 AM ET

    *China data shows provinces had the sharpest Q1 slowdown. *Tight credit conditions in China restrain purchases. LONDON, April 29- Copper dipped on Tuesday as investors held back ahead of a U.S. central bank meeting and after further signs of slower growth in top metals consumer China.

  • *GE deal would leave Alstom as mid-sized train builder. PARIS, April 29- General Electric's bid for Alstom's energy business will force a shakeout in the electrical engineering industry, regardless of whether it or a rival suitor succeeds in breaking up the struggling French group.

  • LONDON, April 29- The European Central Bank has flagged the prospect of asset purchases if the euro keeps rising, yet few investors and analysts are convinced that even Japanese-style money printing would decisively weaken the euro.

  • Senator Patrick Leahy, chairman of the Senate appropriations subcommittee that oversees foreign aid, said on Tuesday he will not approve sending funds to the Egyptian military, denouncing a "sham trial" in which a court sentenced 683 people to death.

  • WASHINGTON, April 29- Homeownership in the United States fell in the first quarter to its lowest level in more than 18 years, suggesting it will take a while for housing to heal from the 2007-2009 recession's deep scars. The seasonally adjusted homeownership rate, the share of households owning a home, slipped to 65 percent, the Commerce Department said on Tuesday.

  • *Consumer confidence dips in April, but still near highest since Jan 2008. NEW YORK, April 29- U.S. consumer confidence dipped in April but remained near a six-year high, while home prices rose in February, suggesting the economy continued to regain momentum after a winter lull.

  • *Bill could clear panel, but full Senate vote unlikely. *Bill would shutter Fannie Mae and Freddie Mac. WASHINGTON, April 29- The already dim prospects for a bill to wind down taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac grew darker on Tuesday, as a U.S. Senate committee adjourned a meeting on the bill without holding any votes.

  • RBS head of forex in Europe takes 5-month sabbatical Tuesday, 29 Apr 2014 | 10:55 AM ET

    LONDON, April 29- Royal Bank of Scotland's head of foreign exchange trading in Europe, James Pearson, is taking a five-month sabbatical, leading to a temporary restructuring of the bank's forex desk, RBS said on Tuesday.

  • April 29- Biota Pharmaceuticals Inc said it would stop work on its experimental influenza drug until a U.S. agency decides whether to fund a trial, sending the company's shares down as much as 36 percent.

  • NEW YORK, April 29- The dollar rose against the euro on Tuesday as weaker-than-expected German inflation data drove speculation in currency markets that the European Central Bank may loosen monetary policy.