Latest Business News Wires - Business Headlines


  • TOKYO, Aug 14- Japan's core machinery orders rose for the first time in three months in June after a record plunge in May, but weak exports and industrial production cloud the outlook for the capital spending needed to sustain economic growth.

  • SINGAPORE, Aug 14- Gold held on to small overnight gains on Thursday, as sluggish U.S. retail sales data boosted the metal's safe-haven appeal, although higher stock markets could keep any gains in check. *Spot gold was steady at $1,311.16 an ounce by 0025 GMT, after gaining 0.3 percent in the previous session.

  • An economic contraction in Japan, a shock fall in Chinese loans, a surprisingly dovish turn by the Bank of England and a sluggish reading on U.S. retail sales all combined to make any tightening in policy seem a very distant prospect. Yields on Germany's two-year debt actually went negative, meaning investors were paying for the privilege of lending Berlin money.

  • SEOUL, Aug 14- U.S. crude oil futures declined to below $97.50 a barrel on Thursday in early Asian trade, pressured by an unexpected rise in U.S. crude inventory and high oil output in the United States and OPEC member countries.

  • DIARY - Top Economic Events to Aug 28 Wednesday, 13 Aug 2014 | 8:01 PM ET

    SYDNEY- RBA Payments Policy Department senior manager Jenny Hancock will participate in a panel discussion at the Risk Australia Conference, Sydney.

  • FACTBOX-Mexico's Round Zero and Round One oil projects Wednesday, 13 Aug 2014 | 7:56 PM ET

    MEXICO CITY, Aug 13- Mexico's energy ministry announced on Wednesday that the country expects to attract $50.5 billion in new private and foreign investment by 2018 as part of a historic oil sector opening next year that will begin with a first round of contracts.

  • Japan June core machinery orders up 8.8 pct mth/mth Wednesday, 13 Aug 2014 | 7:56 PM ET

    TOKYO, Aug 14- Japan's core machinery orders rose 8.8 percent in June, up for the first time in three months after a record plunge in the prior month, Cabinet Office data showed on Thursday.

  • SEOUL, Aug 14- South Korean exports rose 5.4 percent in July from a year earlier, revised data showed on Thursday, less than the preliminary figure of 5.7 percent.

  • SYDNEY, Aug 14- Sterling languished at four-month lows early on Thursday, having taken the honors of the worst-performing major currency after the Bank of England signaled it was in no hurry to raise interest rates.

  • Aug 13- A federal judge on Wednesday once again delayed the start of the key phase of Detroit's historic bankruptcy case, pushing it to Aug. 29 from Aug. 21.

  • MEXICO CITY, Aug 13- Mexico expects to attract $50.5 billion in new private and foreign investment by 2018 as part of a historic opening of its oil sector that begins next year with a first round of contracts, the country's top oil officials said on Wednesday.

  • BRASILIA, Aug 13- The death of presidential candidate Eduardo Campos makes it even more likely Brazil's October election goes to a second round and could put President Dilma Rousseff under more pressure as she seeks a second term.

  • Bank of England's Carney wrong-foots investors again Wednesday, 13 Aug 2014 | 7:01 PM ET

    LONDON, Aug 14- Bank of England Governor Mark Carney is gaining a reputation for upsetting the financial markets. In June, he made sterling leap by warning investors that they were not sufficiently pricing in the chance of an early increase in Britain's record-low benchmark interest rates.

  • Aug 13- Shares of Noodles& Co plunged as much as 21 percent in extended trading after the fast-casual restaurant chain slashed its full-year sales forecast as fewer diners visit its outlets.

  • New Jersey to hold summit to rescue Atlantic City Wednesday, 13 Aug 2014 | 6:39 PM ET

    Aug 13- New Jersey Governor Chris Christie said on Wednesday he would convene a bipartisan summit in September to seek ways to rescue Atlantic City from a slump in its mainstay casino business. Atlantic City has struggled with casino closures as neighboring states have lured gamblers away.

  • BUENOS AIRES/ NEW YORK, Aug 13- Prospects for a private sector solution to Argentina's sovereign debt dispute deteriorated on Wednesday after holdout investors said they entertained no realistic offers from bankers while the government dashed hopes it might soon agree to restart talks.

  • NEW YORK, Aug 13- More than 60 alternative fund managers hold more than $16 billion of Puerto Rico debt as hedge funds and distressed debt investors dislodge traditional mutual funds in the island's debt market, according to a report by Fitch Ratings on Wednesday.

  • NEW YORK, Aug 13- A billionaire hedge fund manager who has sued to stop Canadian fashion designer Peter Nygård from expanding his Bahamas estate has asked a U.S. court to help him obtain crucial evidence from a whistleblower to help with the litigation.

  • WASHINGTON, Aug 13- Banks need to urgently change a provision in derivatives contracts that prevents them from smoothly winding down their business if they start failing during a crisis, a top U.S. regulator told Reuters on Wednesday.

  • NEW YORK, Aug 13- U.S. stocks ended higher on Wednesday, with the Dow Jones industrial average returning to positive territory for the year, as surging biotech shares helped investors shrug off disappointing retail sales data.