Latest Business News Wires - Business Headlines


  • TOKYO, March 26- U.S. crude oil prices ticked higher above $99 in early Wednesday trade, reversing some of the previous session's losses when a build in petroleum inventories and the restart of a key Texas oil shipping channel pressured prices. *U.S. crude for May delivery was up 11 cents at $99.30 per barrel by 0032 GMT, after finishing 41 cents lower on Tuesday.

  • TOKYO, March 26- The euro steadied in early Asian trade on Wednesday, bouncing off lows after comments from European Central Bank officials helped temper some of their earlier dovish views. The euro stood little changed at $1.3818, pulling back from the three-week trough of $1.3749 hit on Tuesday.

  • PRECIOUS-Gold flat near 5-week low; shares, dollar up Tuesday, 25 Mar 2014 | 8:36 PM ET

    SINGAPORE, March 26- Gold barely moved in early trade on Wednesday, hovering near its weakest level since mid-February, as shares firmed and the dollar held steady against other currencies on signs of a recovery in the U.S. economy. *Spot gold was little changed at $1,309.95 an ounce by 0015 GMT.

  • *China's equity market could be world's largest- study.

  • NEW YORK, March 25- Malaysian Airlines and Boeing Co are facing a potential lawsuit over the Beijing- bound flight that disappeared more than two weeks ago with 239 people on board, according to a law firm representing passengers' families.

  • The lawsuit, pending in Los Angeles federal district court, was filed by NML Capital, a unit of billionaire hedge fund manager Paul Singer's Elliott Management Corp, as part of a long-running series of court battles over Argentina's $100 billion default.

  • *California suit claims more vehicles have similar problem. *California suit seeks class action status.

  • TOKYO, March 26- Asian shares edged higher in early trade on Wednesday on fresh signs of strength in the U.S. economy and diminishing concerns over the diplomatic standoff between the West and Russia. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent, with Australia stocks 0.6 percent higher.

  • TABLE-South Korea's revised GDP data Tuesday, 25 Mar 2014 | 7:50 PM ET

    SEOUL, March 26- Following are details of South Korea's revised gross domestic product data for the October-December period, released by the Bank of Korea on Wednesday: OVER PREVIOUS QUARTER, SEASONALLY ADJUSTED.

  • SEOUL, March 26- Hyundai Motor group chairman Chung Mong- koo plans to sign a preliminary deal on Thursday to build the automaker's fourth auto manufacturing plant in Chongqing, China, the company said.

  • SEOUL, March 26- South Korea's economy grew a seasonally adjusted 0.9 percent in the October-December period from the previous quarter, revised data from the central bank showed on Wednesday, unchanged from its earlier estimate.

  • Lockheed is developing three variations for the U.S. military services and eight partner countries that helped fund the plane's development- Britain, Australia, Italy, Turkey, the Netherlands, Denmark, Norway and Canada.

  • Customers receive credits from e-books case and yawn Tuesday, 25 Mar 2014 | 7:24 PM ET

    Customers of Amazon.com Inc and other e-book retailers on Tuesday began receiving notices of their shares of a $166 million settlement with five of the biggest book publishers, all accused of conspiring with Apple Inc to raise e-book prices.

  • HOUSTON, March 25- The Houston Ship Channel, a critical waterway for oil shipments, gradually reopened on Tuesday after a four-day closure that forced at least one big refiner to cut output and caused a backlog of more than 100 vessels.

  • *IRS: Wages, other payments in virtual currency are taxable. *IRS: Gain, loss treatment depends on capital asset status. *Senator Carper: IRS provides tax clarity on bitcoin.

  • Global box office for films rise 4 percent in 2013 Tuesday, 25 Mar 2014 | 6:57 PM ET

    The Chinese box office grew 27 percent to $3.6 billion, becoming the first international market to exceed $3 billion in box office, according to the report released by the Motion Pictures Association of America. The U.S., Canada box office was $10.9 billion from $10.8 billion a year earlier.

  • March 25- Mobile game maker King Digital Entertainment Plc said that its IPO was priced at $22.50 per share, which would value the maker of "Candy Crush Saga" at about $7.08 billion when it goes public on Wednesday.

  • SYDNEY, March 26- China's ambitions to internationalise the renminbi are likely to be a "seismic event" for global markets, leading to large capital flows and perhaps a new reserve currency, a top Australian central banker said on Wednesday.

  • March 25- Mobile game maker King Digital Entertainment Plc's IPO was priced at $22.50 per share, which could value the maker of "Candy Crush Saga" at more than $7 billion, the Wall Street Journal said, quoting a person familiar with the matter.

  • SANTIAGO, March 25- Argentina's government is studying different options to replace its Mirage fighter jets and would like to close a deal this year, Defense Minister Agustin Rossi said on Tuesday. Among those options, Argentina is in talks with Israel regarding Kfir jets.