Latest Business News Wires - Business Headlines


  • MOSCOW, July 9- Russia saw $12.3 billion in net capital outflow in the second quarter, data from the central bank showed on Wednesday.

  • US STOCKS SNAPSHOT-Wall St edges up in early trading Wednesday, 9 Jul 2014 | 10:00 AM ET

    NEW YORK, July 9- U.S. stocks inched higher in early trading on Wednesday, bouncing back after two days of declines and following a positive early read on earnings.

  • NEW YORK, July 9- The U.S. dollar rose slightly against most major currencies on Wednesday as investors awaited the release of minutes from the Federal Reserve's June meeting for any indications of how soon the U.S. central bank will increase interest rates.

  • *Kurds in Turkey seek greater autonomy, not independence. ISTANBUL, July 9- What has long been a dream for the Middle East's Kurds, an independent state, is within reach in Iraq, but Turkey's Kurds, wearied by a 30- year conflict with Ankara, see a brighter future at home, where negotiations could deliver the rights they have fought for.

  • LONDON/ LISBON, July 7- The naming of the first CEO from outside the founding clan of Banco Espirito Santo has reassured investors, but he will be under pressure to explain how Portugal's biggest bank will recover nearly a billion euros lent to family-controlled firms.

  • *France's Servier, Israel's Teva among those fined. BRUSSELS, July 9- European Union antitrust regulators fined French drugmaker Servier, Israel's Teva and four others a total of 428 million euros on Wednesday, as they crack down on deals which block cheaper generic medicine.

  • WASHINGTON, July 9- British Defence Secretary Philip Hammond on Wednesday said Lockheed Martin Corp's F-35 fighter jet may miss the Royal International Air Tattoo air show this week given a fleet-wide grounding ordered after an engine fire last month.

  • Mexico Congress approves landmark telecoms bill Wednesday, 9 Jul 2014 | 9:09 AM ET

    MEXICO CITY, July 9- Mexico's Congress on Wednesday approved a landmark telecoms bill that aims to curb the power of tycoon Carlos Slim's America Movil and broadcaster Televisa.

  • NEW YORK, July 9- U.S. "It's a tug-of-war between the lift-off date and reacting to Europe and asset allocation," said Justin Lederer, Treasury strategist at Cantor Fitzgerald in New York.


  • July 9- Celgene Corp said a drug being tested to treat a type of arthritis that affects the spine failed to meet the main goal in a late-stage trial, sending the company's shares down 3 percent premarket. Celgene said it would continue the study unchanged based on a recommendation by an independent data monitoring committee.

  • OTTAWA, July 9- Saskatchewan and New Brunswick agreed on Wednesday to participate in an eventual national securities regulator in Canada, meaning that four of the nation's 10 provinces have signed on to the project designed to end a patchwork of local regulators.

  • *Gaza rockets hit deeper inside Israel. GAZA/ JERUSALEM, July 9- Israeli air strikes shook Gaza every few minutes on Wednesday, and militants kept up rocket fire at Israel's heartland in intensifying warfare that Palestinian officials said has killed at least 37 people in the Hamas- dominated enclave.

  • *Alcoa tops expectations; shares up in premarket. *Citigroup may pay $7 billion to resolve probe: source. *Alcoa Inc rose 2 percent to $15.14 in premarket trading a day after reporting second-quarter adjusted earnings and revenue that topped expectations.

  • MOSCOW/ LONDON, July 9- With President Vladimir Putin watching from afar, the head of Rosneft, Igor Sechin, launched the world's biggest oil drilling platform in the Okhotsk Sea to warm handshakes with his colleagues from ExxonMobil.

  • BRUSSELS, July 9- European Union authorities have reached an agreement with the German government on how to make its proposed green energy law compatible with EU state-aid rules, the bloc's antitrust chief said on Wednesday.

  • France urges bigger euro role in international trade Wednesday, 9 Jul 2014 | 8:04 AM ET

    PARIS, July 9- The euro zone must work to bolster the role of the euro in international business transactions, France's finance minister said on Wednesday.

  • LONDON, July 9- World stocks fell on Wednesday as a decline in Chinese inflation and weaker European industrial data combined to suggest global growth may be slowing, eclipsing a positive start to the U.S. earnings season.

  • *AbbVie retracts claim that Shire investors support bid. LONDON, July 9- U.S. drugmaker AbbVie has been forced to retract comments by its chief executive about shareholder support for its $51 billion bid for Shire after being caught out by British takeover rules.

  • MOSCOW, July 9- Wall Street bank JPMorgan Chase& Co is reducing equity market staff in Russia as business falls off in areas such as initial public offerings due to the Ukraine crisis, two financial sources said.