Latest Business News Wires - Business Headlines


  • SYDNEY/ TOKYO, March 24- The dollar held on to last week's gains on Monday though it lacked a fresh catalyst to extend them while the Australian dollar dipped after a soft Chinese manufacturing data.

  • SEOUL, March 24- South Korea has set a budget of around 7.34 trillion won for 40 Lockheed Martin F-35 fighter jets, a source with direct knowledge of the deal said on Monday, in a purchase to be finalised in the third quarter.

  • March 23- Apple Inc is in talks with Comcast Corp to enter into a deal for a streaming-television service that would allow Apple set-top boxes to bypass congestion on the web, the Wall Street Journal reported, citing people familiar with the matter.

  • NEW DELHI, March 24- Despite India's prohibitions on gambling, anyone keen to bet on who will be the next occupant of the prime minister's residence at 7, Race Course Road can call a closely guarded phone number, or find the right doorway in a city backstreet.

  • China's yuan rebounds from 13-month low, outlook bumpy Monday, 24 Mar 2014 | 12:30 AM ET

    HONG KONG, March 24- China's yuan bounced from a 13- month low against the dollar on Monday as investors bet the currency's weak spell may be ending for now after the central bank set a stronger mid-point fixing.

  • *Gold down half a pct, physical market slow. SINGAPORE, March 24- Gold fell half a percent on Monday after posting last week its biggest weekly drop since November on the prospect of a U.S. interest rate hike in early 2015 that has boosted the dollar and dented the metal's appeal as a hedge against inflation. Gold eased $7.14 an ounce to $1,326.80 by 0320 GMT,.

  • NEW YORK, March 24- In 2007, when Torbjorn Tornqvist first emerged from the shadows of the Geneva- based oil trading empire he helped build, he had one message to tell: Russian President Vladimir Putin has nothing to do with Gunvor.

  • SINGAPORE March 24- Brent crude held above $106 per barrel on Monday weighed down by a seasonal slump in demand and weak economic data from China, after posting its fourth weekly loss in a row on Friday. Brent crude fell 17 cents to $106.75 by 0325 GMT continuing Friday's decline when Brent futures closed at $106.92.

  • HONG KONG, March 24- JPMorgan Chase& Co's chief executive for China investment banking Fang Fang has decided to leave the U.S. bank soon amid a probe of its Asian hiring practices, a source familiar with the matter said on Monday. It was not clear whether Fang's departure is related to the probe of JPMorgan hiring practices in Asia.

  • SHANGHAI, March 24- General Motors Co will recall 24,021 imported Buick Enclave vehicles due to airbag defects, China's quality watchdog said on Monday, as part of the U.S. automaker's global recall over the same issue involving over nearly 1.2 million vehicles.

  • TOKYO, March 24- Japan's Nikkei share average climbed on Monday morning, bouncing off from a six-week low on the back of a tentative recovery in risk appetite, though concerns about the Japanese economic outlook kept gains in check.

  • March 23- Apple Inc is in talks with Comcast Corp to enter into a deal for a streaming-television service that would allow Apple set-top boxes to bypass congestion on the web, the Wall Street Journal reported, citing people familiar with the matter.

  • FACTBOX-Speakers at Reuters ASEAN Summit Sunday, 23 Mar 2014 | 10:34 PM ET

    Cesar Purisima Finance Secretary Republic of the. Serge Pun Chairman Yoma Strategic. Follow Reuters Summits on Twitter zReuterstSummits.

  • *China manufacturing activity slows for fifth straight month. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent after the China data's release after gaining as much as 0.5 percent.

  • SYDNEY, March 24- London copper slipped on Monday after growth in China's factories slowed for a fifth month, while worries about the health of its credit markets also clouded the demand outlook. *The most-traded June copper contract on the Shanghai Futures Exchange slipped by 0.4 percent at 44,960 yuan a tonne.

  • TOKYO, March 24- U.S. crude oil fell in early Monday trade to hover just above the $99 level, after gaining in the previous session when additional sanctions on Russia renewed fears of a supply disruption from the world's second largest oil producer.

  • It rallied to $797.00 on Friday, its highest since August 2011, on a miners' strike in South Africa and concerns the standoff between major producer Russia and the West over Crimea could escalate.

  • *Coast Guard says no timeline for reopening Houston Channel. TEXAS CITY, Texas, March 23- The closure of major Texas shipping channels that deliver crude to more than a tenth of the nation's refining capacity looked set to run to a third day as crews were still working on Sunday evening to clean up after an oil spill.

  • *Investors cautious amid geopolitical tensions, worries over China economy. *Focus on HSBC's China manufacturing survey at 0145 GMT.

  • LONDON, March 24- Deliveries of tobacco to retailers in Australia rose slightly last year for the first time in at least five years, even after the introduction of plain packaging aimed at deterring smokers, according to industry sales figures to be released on Monday.