Latest Business News Wires - Business Headlines


  • MADRID, May 13- Spain raised billions of euros for both public and corporate coffers on Tuesday, taking advantage of massive demand for euro zone peripheral debt as economic concerns ease and investors search for yield.

  • *Pfizer hints at improved offer if AstraZeneca engages. LONDON, May 13- U.S. drugmaker Pfizer suggested it could raise its proposed $106 billion offer if AstraZeneca engaged in talks, as its boss was grilled by UK lawmakers on his commitment to British research spending and jobs.

  • Pro- Moscow rebels in east Ukraine call to join Russia. LONDON May 13- Brent crude reversed early losses to rise towards $109 a barrel on Tuesday, as traders expressed doubt about how quickly supplies will return from Libya, while the threat of further Western sanctions against Russia provided further support.


  • PARIS, May 13- The growth outlook for major emerging economies is worsening but remains largely stable for the big developed economies, the OECD said on Tuesday.

  • BEIJING/ SAN FRANCISCO, May 14- Alibaba is taking a tougher line against counterfeit items sold on its online marketplaces as the Chinese e-commerce giant heads towards a U.S. stock listing that could be the world's biggest technology company IPO.

  • FRANKFURT, May 13- German shipping company Hapag-Lloyd's first-quarter loss widened as its revenue declined, hit by tough competition which depressed freight rates and a weak dollar.

  • KAMPALA, May 13- Uganda's economic growth should accelerate to just above 6 percent in the next fiscal year through June 2015 despite the risk of reduced foreign aid and unrest in key export market South Sudan, the IMF said on Tuesday.

  • PRECIOUS-Gold prices retreat as stocks rally in Europe Tuesday, 13 May 2014 | 5:50 AM ET

    LONDON, May 13- Gold edged down towards $1,290 an ounce on Tuesday as a rally in equity markets diverted some buying interest from the metal, and as investment interest and demand for physical gold in Asia remained lacklustre. Gold retreated from its overnight highs as stocks climbed.

  • LONDON, May 13- The London Metal Exchange has just released the first of its promised new reports, detailing registered stocks by warehouse operator and the length of load-out queues at affected locations.

  • LONDON, May 13- Pfizer Chief Executive Ian Read said on Tuesday he did not believe there would be antitrust problems in taking over British drugmaker AstraZeneca. "We don't see any substantial antitrust issues on this deal anywhere in the world," Read told a panel of British lawmakers.

  • MILAN, May 13- Italy sold the top planned amount of 7.25 billion euros in bonds on Tuesday, smoothly progressing towards its annual funding goal as expectations of further monetary easing in the euro zone support demand for higher-yielding debt. The Treasury sold a new bond due in May 2017 at 1.07 percent drawing demand for 1.5 times the 4.0 billion euros sold.

  • *Lonmin gears for May 14 return to work deadline. JOHANNESBURG, May 13- South African police deployed additional officers to the platinum belt on Tuesday to protect miners returning to work this week, a police spokesman said, as producers pushed ahead with plans to end the country's longest and most costly strike.

  • BEIJING, May 13- China's economic activity showed across-the-board weakness in April, with data from output to investment and consumption all missing market expectations, sparking new calls for Beijing to ease policies to shore up growth.

  • LONDON, May 13- Pfizer Chief Executive Ian Read said on Tuesday he expected the combined research expenditure of the merged drugmaker would be lower than that of the two separate companies following a takeover of drugmaker AstraZeneca.

  • LONDON, May 13- A planned change in the way Britain taxes North Sea drillers exposes the loophole in a system that allowed an industry with annual revenues of 2 billion pounds to pay almost no corporation tax for two decades, prompting accusations that the UK tax authority is falling down on the job.

  • SHANGHAI, May 13- China's crude oil runs, oil demand and total base metals production unexpectedly fell in April from the preceding month, with slackening power generation also fanning concerns that the world's second-largest economy is not yet on a stable footing.

  • JOHANNESBURG, May 13- South Africa's Nedbank reported an 8.7 percent jump in net interest income in the first quarter after a lending push grew total advances by nearly 15 percent. Nedbank is expected to exercise its rights to take up a 20 percent stake in pan-African lender Ecobank Transnational by Nov. 25 after lending the Togo- based bank $285 million.

  • China says the yuan is near equilibrium after a rise of nearly one-third since its 2005 revaluation and as it adapts to what President Xi Jinping says is the "new normal" of more moderate growth-- and has support even from former critics.

  • *Over 90 pct of Scania shareholders accepted buyout offer. HANOVER, Germany/ STOCKHOLM, May 13- Volkswagen's 6.7 billion euro offer for its Swedish truck division Scania was accepted by minority shareholders, a big step in the German automaker's plan to create a trucks alliance to compete in global markets.