Latest Business News Wires - Business Headlines


  • LISBON, Feb 18- The European Central Bank has played a key role in stabilising the euro zone but governments must now keep up economic reforms to allow growth in the bloc to "surprise on the upside", a top ECB policymaker said on Tuesday.

  • *Demand in European Union up for the 5th consecutive month. FRANKFURT, Feb 18- European car sales rose 5.2 percent in January, with increases in previously crisis-hit countries such as Greece, Ireland, Italy and Portugal suggesting a recovery is gaining strength.

  • LONDON, Feb 18- Emerging stocks dipped on Tuesday, led by a drop in Chinese shares, while Ukraine's currency fell towards five-year lows after a fresh outbreak of violence and a return of importers seeking dollars.

  • BERLIN, Feb 18- German Chancellor Angela Merkel said on Tuesday she regretted the results of a Swiss referendum in favour of immigration curbs and said the challenge now was for Switzerland to implement the results while maintaining close ties to the European Union.

  • The firm, which declined to comment on future plans for cash returns, said refurbishments to hotels in Asia and the Middle East, Paris and New York would put capital expenditure at around $385 million in 2014, ahead of analyst forecasts, with the impact from hotel and room closures reducing operating profit by $9 million.

  • *China is tightening credit to sectors with overcapacity including steel.

  • UPDATE 3-Oil stays above $109, US cold supports Tuesday, 18 Feb 2014 | 5:24 AM ET

    *World powers, Iran resume nuclear talks. LONDON, Feb 18- Oil held around $109 a barrel on Tuesday, supported by robust demand for heating fuel in top consumer the United States and supply disruptions in Libya.

  • MUMBAI, Feb 18- The U.S. Food and Drug Administration is working with Indian regulators to enhance the quality and safety of drugs made there, the FDA's Commissioner Margaret Hamburg said on Tuesday.

  • TOKYO, Feb 18- Most Japanese car makers including Toyota Motor Corp have resumed operations at their plants that were suspended after heavy snow disrupted parts deliveries, companies said on Tuesday, limiting impact on their domestic production volume.

  • LONDON, Feb 18- German stocks outperformed regional peers in cautious trade early on Tuesday ahead of data expected to show improved sentiment over Europe's biggest economy, while top European shares edged off three-week highs.

  • LONDON, Feb 18- Sharp gains in Tokyo pulled global stocks higher on Tuesday after the Bank of Japan pumped more stimulus into the economy, hitting the yen, while caution before German data kept European share markets just below recent highs.

  • LONDON, Feb 18- Emerging stocks dipped on Tuesday, led by a fall in Chinese shares following tightening measures by the central bank, while Ukraine's bonds and currency were sturdy after the promise of a $2 billion credit from Russia.

  • *Maintains view Japan's economy recovering moderately. TOKYO, Feb 18- The Bank of Japan maintained its expansionary monetary policy on Tuesday and extended special loan programs to help buoy economic growth, signalling its resolve to keep the positive mood generated by premier Shinzo Abe's reflationary policies from fading.

  • UPDATE 2-Casino confident for 2014 on emerging markets Tuesday, 18 Feb 2014 | 3:38 AM ET

    *Sees return to organic sales growth in France in 2014. PARIS, Feb 18- French retailer Casino predicted further sales and profit growth this year after expansion in Latin America and notably Brazil lifted 2013 operating profit by 18 percent.

  • LONDON, Feb 18- The yen fell to its lowest in nearly three weeks against the dollar and the euro on Tuesday, after the Bank of Japan held policy steady, as expected, and extended a special lending programme to support the economy.

  • TOKYO, Feb 18- Bank of Japan Governor Haruhiko Kuroda said on Tuesday that the economy was moving in line with the central bank's forecasts, suggesting that no imminent expansion of monetary policy was necessary.

  • *Looks to new technology for growth after Nokia decline. BRUSSELS, Feb 17- Finnish Prime Minister Jyrki Katainen is determined to overhaul his economy, and cites Israel's success as a "start-up" nation brimming with high-tech innovation as his model.

  • European shares edge lower, focus on economic data Tuesday, 18 Feb 2014 | 3:20 AM ET

    LONDON, Feb 18- European shares retreated from three-week highs in early trading on Tuesday, with investors cautious ahead of economic data releases that could set the market's near-term direction.

  • Feb 18- Hewlett-Packard Co's senior executives were aware of Autonomy Corp's accounting practices months before a whistleblower flagged them, the Financial Times reported citing email records.

  • HONG KONG, Feb 18- Hong Kong shares edged up to another three-week high on Tuesday, as a 3 percent rise for Bank of East Asia after the local lender reported robust 2013 net profit helped offset weakness for Chinese cyclicals. The Hang Seng Index ended up 0.2 percent at 22,587.7 points, its highest closing since Jan. 23.