Latest Business News Wires - Business Headlines


  • The South Pacific nation began exports from Exxon Mobil Corp's $19 billion PNG LNG project this year. However, Oil Search, a partner in Exxon Mobil's project, has challenged Total's purchase of the stake, saying it held the right to buy the stake.

  • The two appeals, by consumer and commercial classes of plaintiffs involved in the aluminum industry, were filed with the U.S. Court of Appeals on Sept. 24, Hong Kong Exchanges and Clearing Ltd said in a filing on Thursday.

  • TOKYO, Sept 25- Japan's transport authority said on Thursday a lack of appropriate testing may have contributed to a lithium-ion battery overheating on board a Boeing 787 Dreamliner owned by ANA Holdings, which led to the grounding of the Dreamliner fleet globally for more than three months. Boeing said its tests on the battery were in line with regulations.

  • China shares firm, nuclear power shares leap, HK eases Thursday, 25 Sep 2014 | 1:30 AM ET

    SHANGHAI/ HONG KONG, Sept 25- China shares maintained upward momentum on Thursday morning, rising on investor optimism about broad economic reforms and bolstered by a leap in nuclear power-related shares after the government announced sector-friendly policies.

  • LONDON, Sept 25- Rosneft, Russia's biggest crude oil producer, may back out of a deal to buy Morgan Stanley' s oil trading unit because Western sanctions make it virtually impossible to finance day-to-day operations, three sources close to the state-controlled company said.

  • VANCOUVER, Sept 25- The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations. The industry has geared itself around $1,200, "said Joseph Foster, portfolio manager at institutional investor Van Eck Global.

  • Lawmakers in U.S. oil heartland soften over export ban Thursday, 25 Sep 2014 | 1:00 AM ET

    NEW YORK, Sept 25- In the oil drilling and refining heartland of Texas, the debate over U.S. crude exports is no longer a fight over whether a 40- year ban should be lifted.

  • *Market shrugs off potential supply risks in Syria. SINGAPORE, Sept 25- Brent crude steadied near $97 a barrel on Thursday after bouncing from its lowest in 26 months, but abundant supply continued to weigh on the market.

  • BEIJING, Sept 25- Huawei Technologies Co Ltd, the world's largest telecommunications equipment maker, said it would invest more than $4 billion in fixed broadband technology research and development in the next three years.

  • JGBs steady as gains capped by rallying stocks Thursday, 25 Sep 2014 | 12:23 AM ET

    TOKYO, Sept 25- Japanese government bonds were mostly steady on Thursday in thin trading, with gains held in check by rallying stocks.

  • TOKYO, Sept 25- Asian stocks slipped on Thursday, giving back earlier gains as initial cheer from a rebound on Wall Street fizzled out, while the New Zealand dollar hit a one-year low when the central bank governor decried the currency's recent strength.

  • WELLINGTON, Sept 25- New Zealand's central bank chief on Thursday renewed his warning that the local dollar was at unjustifiable and unsustainable levels, raising the prospect of intervention and sending the currency plunging to a one-year low.

  • China's yuan steady, c.bank sets midpoint at two-week low Wednesday, 24 Sep 2014 | 11:37 PM ET

    HONG KONG, Sept 25- China's yuan held steady against the dollar on Thursday though the central bank set the lowest official midpoint in more than two weeks. The People's Bank of China set the midpoint at 6.1497 per dollar, down 0.06 percent from the previous fix.

  • China regulator says to slowly loosen currency controls Wednesday, 24 Sep 2014 | 10:48 PM ET

    Guo Song, the head of the capital account department at the State Administration of Foreign Exchange, the currency regulator that overseas China's $3.99 trillion of foreign exchange reserves, made the comments at a press briefing.

  • TOKYO, Sept 25- The Japanese government has ended its investigation of a January 2013 battery incident aboard a Boeing Co 787 Dreamliner jet without specifying the cause of the battery's overheating, the Japan Transport Safety Board said on its website.

  • *Market shrugs off potential supply risks in Syria. SINGAPORE, Sept 24- Brent crude steadied near $97 a barrel after bouncing from its lowest in 26 months, but abundant supply continued to drag on prices.

  • *Profit-taking from steep rises may hit- analysts.

  • Other companies likely to receive approval are HeliVideo Productions LLC, Aerial MOB LLC, Pictorvision Inc, RC Pro Productions Consulting LLC, Astraeus Aerial and Snaproll Media LLC.

  • *Copper, nickel stronger after early-week dips. *Copper gets boost from U.S., European bank policies. SYDNEY, Sept 25- London copper held above three-month lows on Thursday after central bankers in the United States and Europe suggested their policies would keep an easier bias, with nickel also strengthening.

  • ADB trims Southeast Asia 2014 growth forecast to 4.6 pct Wednesday, 24 Sep 2014 | 9:30 PM ET

    SINGAPORE, Sept 25- The Asian Development Bank has trimmed its growth forecast for Southeast Asia this year, citing factors such as political turmoil in Thailand earlier in the year and weaker commodity export prices in Indonesia.