Latest Business News Wires - Business Headlines


  • MOSCOW, April 14- Russia's stockmarket fell and the rouble weakened in early trading on Monday after tension escalated in Ukraine over the weekend. At 0633 GMT the rouble-denominated MICEX index was down 0.7 percent to 1,358 points, while the dollar-denominated RTS index fell 1 percent to 1,201 points.

  • PARIS, April 14- French oil company Total said on Monday it had decided to go ahead with its Kaombo oil project offshore Angola after lowering its cost by $4 billion to $16 billion. Angola is Africa's second largest oil producer and it wants to increase production to 2 million barrels per day next year from 1.73 mbpd in 2013..

  • *Pro-Russia militants seize more ground in east Ukraine, risk of "gas war" looms. SINGAPORE April 14- Brent crude futures rose to near $108 a barrel on Monday, supported by rising geopolitical tensions over Ukraine that have raised the risk of a military confrontation with Russia.


  • TOKYO, April 14- Japanese stocks slumped to a fresh six-month low on Monday as market sentiment stayed fragile after a rocky session on Wall Street and on escalating tensions in Ukraine. The Nikkei share average closed down 0.4 percent at 13,910.16, its lowest level since Oct. 8.

  • PARIS, April 14- PSA Peugeot Citroen pledged to achieve a 2 percent automotive division operating margin in 2018 as new Chief Executive Carlos Tavares outlined a recovery plan for the struggling French carmaker on Monday.

  • SLAVIANSK, Ukraine, April 14- Towns in eastern Ukraine on Monday braced for military action from government forces after Kiev gave pro-Russian separatists a 9 a.m. deadline to disarm and end their occupation of state buildings or face a major "anti-terrorist" operation.

  • UK wages poised to pass recovery milestone Monday, 14 Apr 2014 | 2:00 AM ET

    *Would bolster Britain's economic recovery. LONDON, April 14- Britain's recovery from its deepest recession in decades looks set to pass a milestone this week when a six-year run of declining living standards is expected to show a turnaround.

  • TOKYO, April 14- Bank of Japan Governor Haruhiko Kuroda and Prime Minister Shinzo Abe will revive their regular meetings this month, people familiar with the matter said, in a sign the government may be concerned about recent stock market declines and an uptick in the yen.

  • Citigroup cuts 200 to 300 jobs - WSJ Monday, 14 Apr 2014 | 1:09 AM ET

    April 14- Citigroup Inc has cut 200 to 300 jobs, or about 2 percent of its global markets workforce, the Wall Street Journal reported citing a person familiar with the matter. Steve Prince, the younger brother of former Citigroup Chief Executive Charles Prince, was among those who lost their job, the report said.

  • BEIJING, April 14- China stocks fell on Monday, with financial shares losing 1.1 percent as investors locked in gains after last week's announcement that Hong Kong and China investors can buy shares in companies listed on each other's bourses.

  • FACTBOX-Key companies providing in-flight Wifi Monday, 14 Apr 2014 | 1:01 AM ET

    Works with satellite providers Intelsat SA, SES SA and Inmarsat PLC. Works with satellite providers Hughes, a unit of EchoStar Corp, and Intelsat. Works with satellite provider Intelsat.

  • *Israel in talks with Egypt, Turkey on major gas export deals. MILAN/ LONDON, April 14- Israel's drive to export its new-found natural gas could help to rebuild strained ties with old regional allies Egypt and Turkey, but could deprive Europe of a precious alternative to Russian gas.

  • NEW YORK, April 14- When Goldman Sachs Group Inc filed its shareholder proxy earlier this month, it was free of a proposal that has become increasingly popular among corporate governance activists: a demand for more disclosure about lobbying.

  • NEW YORK, April 14- After years of responding to shareholder calls for stock buybacks and dividends, major American companies are hearing a different demand from investors: buy growth.

  • NEW YORK/ HAMBURG, April 14- Wi-Fi in the sky is taking off, promising much better connections for travelers and a bonanza for the companies that sell the systems.

  • April 14- Blackstone and Goldman Sachs' investment arm are set to buy Ipreo from KKR in a private equity secondary deal that values the data company at $975 million, the Financial Times reported, citing people familiar with the matter. Ipreo was formed by the merger of i-Deal and Hemscott in 2006, with the backing of Veronis, Merrill Lynch and Citigroup.

  • *Pro-Russia militants seize more ground in east Ukraine, risk of "gas war" looms. SINGAPORE April 14- Brent futures rose and hovered near $108 a barrel on Monday amid worsening geopolitical tensions over Ukraine that has raised the risk of a military confrontation between Ukraine and Russia.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, April 14- "Unloved" was a word that popped up several times in relation to BHP Billiton's mooted plans to spin-off its non-core aluminium, nickel and manganese businesses.