Latest Business News Wires - Business Headlines


  • U.S. clears AstraZeneca over heart drug trial Tuesday, 19 Aug 2014 | 2:31 AM ET

    LONDON, Aug 19- AstraZeneca said on Tuesday the U.S. government was closing a probe into a major clinical trial used to win marketing approval for its new heart drug Brilinta and no further action was planned.

  • TOKYO, Aug 19- Japan's Nikkei share average hit a two-week high on Tuesday as robust U.S. housing data boosted sentiment, while the weaker yen increased risk appetite in index-heavy stocks and exporters such as SoftBank Corp and Panasonic Corp. Receding tensions in Ukraine also brightened the mood, after Russia said on Monday all objections to it sending a humanitarian convoy to Ukraine had been resolved.

  • *China watchdog find excessive lead levels in some Heinz products. Heinz Co has recalled some infant food products in China after a local watchdog said they contained excessive levels of lead, threatening to dent the company's reputation in a country highly sensitive to food safety.

  • *Brent could test $100, but should meet strong support. SINGAPORE, Aug 19- Brent crude edged up towards $102 a barrel on Tuesday, but stayed near a 14- month low reached in the previous session on weak demand and easing concerns over risks to supply.

  • *Hong Kong shares flat ahead of major bank earnings. SHANGHAI, Aug 19- China's stock indexes fell slightly by midday on Tuesday due to weakness in the financial sector while Hong Kong shares were mostly flat on investor caution ahead of earnings.

  • US broadcasters challenge FCC over airwaves auction Tuesday, 19 Aug 2014 | 12:10 AM ET

    The so-called incentive auction will give TV stations that currently own the valuable frequencies the opportunity to voluntarily give up their frequencies to the FCC. The FCC then would repackage them and auction them to wireless carriers, which are clamoring for faster speeds and better services for their devices.

  • TOKYO, Aug 19- The dollar steadied on Tuesday after Monday's gains on upbeat U.S. housing data and a rise in U.S. bond yields, but traders are waiting for hints on Federal Reserve policy intentions before they test major resistance levels.

  • Brent edges up towards $102, but still near 14-mth low Monday, 18 Aug 2014 | 11:58 PM ET

    *Brent could test $100, but should meet strong support. SINGAPORE, Aug 19- Brent crude edged up towards $102 a barrel on Tuesday, but stayed near a 14- month low reached in the previous session on weak demand and easing concerns over risks to supply.

  • *Gold rises after losses in previous two sessions. SINGAPORE, Aug 19- Gold snapped a two-day losing streak on Tuesday as geopolitical tensions and fund inflows boosted the safe-haven metal, but gains were kept in check by strength in equities and the dollar.

  • HONG KONG, Aug 19- China's yuan firmed against the dollar on Tuesday for the fifth straight day despite the central bank setting a lower official guidance rate. The currency steadied around five-month highs, as investors regained confidence in China's economy and bet on further gains in the yuan.

  • HONG KONG, Aug 19- Canadian retailer Alimentation Couche-Tard Inc and China's Tencent Holdings Ltd are among suitors short-listed to buy a $16 billion minority stake in China's Sinopec Sales, the world's largest fuel retail network, people familiar with the matter told Reuters.

  • BEIJING, Aug 19- Guangdong, the biggest of China's seven pilot carbon trading markets, will this year hand out around 6 percent more emission permits to companies than in 2013, potentially aggravating oversupply that sent prices tumbling earlier this year.

  • JGBs dip as risk appetite returns, 20-yr sale eyed Monday, 18 Aug 2014 | 10:08 PM ET

    TOKYO, Aug 19- Japanese government bond prices dipped on Tuesday as receding geopolitical worries restored some risk appetite and pushed equities higher. JGB losses were limited, however, as the market expected decent demand at the 1.2 trillion yen 20- year bond auction.

  • Aug 18- Thomas Montag will become Bank of America Corp's sole chief operating officer as co-COO David Darnell takes a new title after asking to relocate to Florida, Bloomberg reported. Montag will continue to head the investment banking and capital markets businesses, the Bloomberg report said.

  • *Skymark soars on report that AirAsia is considering aid.

  • The FAA had previously warned American carriers to avoid flying over Syria. "The ongoing armed conflict and volatile security environment in Syria poses a serious potential threat to civil aviation," the FAA said in a statement. The FAA also said "opposition elements" had warned civilian airlines not to provide service to Syria.

  • METALS-Stronger dollar snuffs out copper rebound Monday, 18 Aug 2014 | 9:00 PM ET

    SYDNEY, Aug 19- London copper held steady on Tuesday as brighter prospects for the U.S. economy were chilled by caution over China's stuttering property market, while a stronger dollar sapped a rebound from seven-week lows.

  • TOKYO, Aug 19- The dollar held firm on Tuesday after a solid U.S. housing data and a rise in U.S. bond yields on the back of hopes of an easing of geopolitical tensions.

  • SINGAPORE, Aug 19- Gold retained overnight losses to trade below $1,300 an ounce on Tuesday, as safe-haven demand for the metal was curbed by an apparent easing of tensions in Ukraine that boosted equities and the dollar.

  • SAN FRANCISCO, Aug 18- Oregon on Monday denied Ambre Energy's request for a permit to build a coal export terminal on the Columbia River, saying the project was not in the best interests of the state's water resources.