Latest Business News Wires - Business Headlines


  • PARIS/ BERLIN, April 11- Japanese casual wear chain Uniqlo opens its first store in Germany on Friday, as it accelerates expansion in Europe in a bid by its parent company Fast Retailing Co Ltd to become the world's top fashion retailer by 2020.. "We have big goals in Europe- we would like to have the same business in Europe as in the U.S."

  • WASHINGTON, April 11- Russian Finance Minister Anton Siluanov said on Friday any oil-for-goods deal between Moscow and Iran would follow United Nations rules on sanctions, not U.S. rules. Siluanov would not say whether a deal had been sealed with Iran.


  • *Australia's Padbury Mining says ready to build new iron ore port. Padbury Mining said it was obtaining the funds from private Australian equity investors, who required anonymity, with an initial $470 million due in 40-45 days.

  • TOKYO, April 11- Japanese shares tumbled to six-month lows on Friday and posted their biggest weekly fall since the March 2011 tsunami and nuclear disaster after a rout in U.S. tech shares spurred selling by momentum players.

  • *Moscow wants to diversify away from Europe. The project fits well with a more aggressive eastward push by Moscow since the United States and European Union imposed sanctions over its annexation of Crimea from Ukraine last month.

  • *Libya's state National Oil Corp lifts force majeure for Hariga port. SINGAPORE, April 11- Brent futures eased towards $107 a barrel on Friday as the global supply outlook improved with more Libyan supplies expected to reach the market, although growing tension between the West and Russia over Ukraine put a floor under prices.

  • *Artisanal mining destroying plantations in Ghana, Ivory Coast. YOHO, Ivory Coast, April 11- A month ago, Bouafu Kouassi dug a neat circular hole in the middle of his one-hectare cocoa plantation in western Ivory Coast, and, sifting through the gravel on his shovel, found the unmistakeable traces of gold dust.

  • SHANGHAI, April 11- Hong Kong shares fell on Friday with H-shares down sharply, as new rules allowing mainland and Hong Kong investors to invest in each other's markets led to a sell-off in dual-listed shares previously trading at premium to their mainland counterparts.

  • The talks within the SEC are at an early stage, and the pilot program would need to be approved by the full five-member commission, as part of an order instructing the public exchanges to carry out the study. The results of any pilot would have to be effective enough to prompt the SEC to change its market rules.

  • LOS ANGELES/ LONDON April 11- Doctors at a key medical conference welcomed the prospect of more new drugs to treat the liver-destroying hepatitis C virus, while agreeing that Gilead Sciences Inc continues to lead the effort.

  • Watchdog FINRA probes banks' bond transactions - WSJ Friday, 11 Apr 2014 | 12:59 AM ET

    April 11- Wall Street watchdog FINRA is taking a broad look at the trading profits of banks and other middlemen in some bond transactions to examine whether some money managers are favored at the expense of other investors, the Wall Street Journal reported.

  • Russia says ready to work with IMF, EU to help Ukraine Friday, 11 Apr 2014 | 12:46 AM ET

    Secretary Jack Lew on Thursday that Moscow was concerned about Ukraine's unpaid debt for supplies of natural gas, but was ready to work with international partners on financial aid for Kiev.

  • BEIJING, April 11- China's consumer inflation rate increased in March as fresh food prices jumped, but persistent deflation in the industrial sector was another signal of weak demand and slowing growth in the world's second-largest economy.

  • SHANGHAI, April 11- China's yuan held a flat tone for the week on Friday after the central bank set its guidance rate up 0.02 percent from Thursday's close, as markets digested economic policy statements from officials alongside uninspiring macroeconomic data.

  • BOAO, China, April 11- China's credit growth remains steady but the central bank is mindful of possible risks from high debt levels in the corporate sector, governor Zhou Xiaochuan said on Friday.

  • *Nikkei sinks through major chart support, much of Asia in the red. SYDNEY, April 11- Japanese shares sank to six-month lows on Friday as an escalating selloff on Wall Street spread to Asia and slugged markets that had been fairly resilient up to now.

  • *Big differences remain in U.S.- Japan trade talks- farm minister. *U.S.- Japan deal vital for broader regional pact. The United States wants Japan to open its rice, beef and pork, dairy and sugar sectors- politically powerful sectors that Abe has vowed to defend.

  • TOKYO, April 11- The yen was on track to post its biggest weekly gain against the dollar in four weeks on Friday as a Wall Street share selloff and Asia's diminishing risk appetite boosted the safe-haven yen. Market participants said renewed concerns over Ukraine were also a factor to watch, with the yen standing to gain from its safe-haven status.

  • April 10- The American Farm Bureau Federation said on Thursday it had more work to do to find consensus on a set of standards aimed at protecting farm data privacy, after meeting in Kansas City with a dozen leading U.S. agricultural industry players. Over the last year, there has been a surge in the collection and analyses of farm data across the United States.