Latest Business News Wires - Business Headlines


  • LONDON, April 15- Ukraine's hryvnia jumped from recent record lows on Tuesday after a 300- basis-point interest rate rise but ratcheting tensions with neighbouring Russia kept up pressure on regional as well as broader emerging markets.

  • LONDON, April 15- Gold fell more than 1 percent on Tuesday as strength in the dollar following forecast-beating U.S. retail sales data prompted investors to cash in on gains after a rally to three-week highs in the previous session.

  • *Infosys Q4 net profit at 29.9 bln rupees vs 28.1 bln estimates. *Infosys sees FY15 revenue growing 7-9 pct.

  • WEST CHESTER, Pennsylvania, April 15- The backbreaking life of a roughneck, the iconic worker bees of oilfield drilling rigs, is getting a little easier.

  • *Problems in Zimbabwe, Mozambique, Zambia. LONDON, April 15- SABMiller, the world's second-largest brewer by sales, posted a modest rise in full-year lager sales volumes following troubles in a number of African markets that have been fueling growth for the past few years.

  • *CEO says Israel is holding Palestinian economy hostage. *Israel imposed economic sanctions on Palestinians last week. DUBAI, April 15- The boss of a telecoms company accused Israel of using sanctions to hold the Palestinian economy hostage after the Jewish state stopped his firm from importing equipment to launch services in Gaza.

  • *Pro-Russian rebels ignore ultimatum, tighten grip in Ukraine. LONDON, April 15- Brent crude fell below $109 a barrel on Tuesday as investors weighed tension between Russia and Ukraine and the prospect of a gradual recovery in Libyan oil exports.

  • BRUSSELS, April 15- The euro zone's trade surplus widened in February from a year earlier on rising exports with imports unchanged, the European Union's statistics office Eurostat said on Tuesday.

  • LONDON, April 15- The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months.

  • ZURICH, April 15- A strong uptake of new cancer medicines helped Roche to limit a decline in first-quarter sales and the Swiss company confirmed a forecast for higher earnings this year.

  • *Ukraine on brink of civil war- Medvedev. *Kiev makes step in right direction- Lavrov. KIEV/ SLAVIANSK, Ukraine, April 15- Russia declared Ukraine on the brink of civil war on Tuesday as Kiev said an "anti-terrorist operation" against pro- Moscow separatists was underway, though the crackdown appeared to get off to a slow start, if at all.

  • MANILA, April 15- Two state-owned Vietnamese companies looked set to win deals to supply a total of 800,000 tonnes of rice to the Philippines, the Southeast Asian nation's biggest purchase of the grain in three years as it looks to bolster dwindling stocks.

  • BEIJING, April 15- Chinese shares listed in Hong Kong suffered their biggest daily drop in 10 weeks, hit by profit-taking in automakers and sharp declines in banks following weak Chinese money supply data.

  • LONDON, April 15- Risk appetite faded on financial markets on Tuesday, with shares weaker and bonds firmer as investors weighed up tensions between Russia and Ukraine, downbeat sales reports and signs of slowing growth in China.

  • Weak corporate figures weigh on European stock markets Tuesday, 15 Apr 2014 | 4:00 AM ET

    *SABMiller, Nestle give weak updates. *FTSEurofirst 300 and Euro STOXX 50 slip. LONDON, April 15- Weak updates from leading European companies weighed on the region's stock markets on Tuesday, and the threat of costly sanctions against Russia also capped appetite for equities.

  • GUANGZHOU, April 15- A Chinese court on Tuesday convicted 12 hospital security guards of "disturbing social order" after staging a labour protest last year, sentencing several to light jail terms in what was seen as a test case for labour rights in China.

  • *Governor supports casino plan; Tokyo officials yet to voice support. OSAKA, Japan, April 15- The Japanese city of Osaka plans to invite operators to build a casino on a plot of reclaimed land on Osaka Bay, its governor told Reuters, pipping Tokyo in the race to attract global gaming firms to set up the country's first gambling resort.

  • FOREX-Dollar holds firm, German ZEW could hurt euro Tuesday, 15 Apr 2014 | 3:30 AM ET

    *Some wariness about tensions in Ukraine. LONDON, April 15- The dollar climbed against a basket of major currencies on Tuesday, staying on firm footing after U.S. retail sales data the previous day signalled a brighter outlook for the U.S. economy.

  • *First-quarter sales 20.8 bln Sfr vs 21.5 bln in poll. ZURICH, April 15- Nestle expects sales growth to pick up in the next few quarters after slowing to 4.2 percent in local currencies in the first, when unusually cold weather hit sales in North America and cost-conscious Europeans continued to opt for cheaper brands.

  • BEIJING, April 15- Hong Kong listed shares in BYD. Chinese media and the Wall Street Journal reported that the company sold 39,300 vehicles globally in March, citing an emailed statement from the company.