Latest Business News Wires - Business Headlines


  • *Hong Kong pro-democracy supporters clash with police. LONDON, Sept 29- Gold was little changed on Monday as the negative impact of multi-year dollar highs was offset by unrest in Hong Kong that hit companies exposed to the territory and boosted some demand for the metal.

  • GENEVA, Sept 29- The Swiss National Bank does not rule out the use of negative interest rates to defend its cap on the Swiss franc and ward off deflation, Chairman Thomas Jordan said on Monday.

  • LONDON, Sept 29- Shares in Balfour Beatty plunged on Monday after the British construction firm cut its profit forecast for the third time in less than five months, blaming increased losses on the mismanagement of a number of UK contracts.

  • BRUSSELS, Sept 29- The European Commission will publish on Tuesday its reasons for opening an in-depth inquiry into the Irish government's tax treatment of Apple, a Commission spokesman said.

  • LONDON, Sept 29- Copper prices fell to their lowest level in almost three months on Monday, weighed down by a sharp rise in the dollar and uncertainty about the outlook for growth in China, its top consumer.

  • *Allianz says Gross departure does not change Pimco relationship. FRANKFURT, Sept 29- German insurer Allianz says it has no plans to increase oversight of its California- based investment unit Pimco after the shock departure of co-founder Bill Gross sent shares in the Munich- based parent tumbling at the end of last week.

  • *Commerce Ministry sees 2014 exports up 0.5-1.0 pct, not 3.5 pct. BANGKOK, Sept 29- Thai exports unexpectedly fell the most in August since flooding in late 2011 paralyzed the economy, putting pressure on the military government to speed up stimulus measures.

  • Encana to buy Athlon Energy for $5.93 bln Monday, 29 Sep 2014 | 6:17 AM ET

    Sept 29- Encana Corp, Canada's largest natural gas producer, said it would buy Athlon Energy Inc for $5.93 billion in cash, excluding debt. Encana, which is shifting its focus to high-value oil and natural gas liquids, will also assume Athlon's $1.15 billion of senior notes. The deal includes about 140,000 net acres owned by Athlon in the oil-rich Midland Basin.

  • *HSBC, Standard Chartered fall as Hong Kong unrest hits markets. LONDON, Sept 29- Companies exposed to Hong Kong underperformed sluggish European stock markets on Monday, as civil unrest in the Asian city weighed on banks such as HSBC and luxury goods groups such as Richemont.

  • FRANKFURT, Sept 29- German luxury carmaker BMW is teaming up with Chinese internet giant Baidu to start highly automated driving trials in Beijing and Shanghai. The project will now be expanded to include other large cities in China, BMW said on Monday.

  • PARIS, Sept 29- France will tighten its budget less than promised even when the impact of the downturn in the economic cycle is stripped out of the equation, Les Echos newspaper reported on Monday.

  • MOSCOW, Sept 29- Russian oil-to-telecomms conglomerate Sistema said on Monday it was not party to the privatization of oil assets in the Republic of Bashkortostan and would use all available legal means to defend its rights.

  • MOSCOW, Sept 29- Russian oil-to-telecomms conglomerate Sistema said on Monday it was not party to the privatisation of oil assets in the Republic of Bashkortostan and would use all available legal means to defend its rights.

  • SGL to raise 260 mln euros in share sale Monday, 29 Sep 2014 | 5:50 AM ET

    FRANKFURT, Sept 29- SGL Group, the materials supplier for carbon fibre reinforced parts in BMW's electric cars, plans to raise more than 260 million euros in new shares to fund restructuring measures and lower its indebtedness.

  • SNB says not excluding negative interest rates Monday, 29 Sep 2014 | 5:43 AM ET

    GENEVA, Sept 29- The Swiss National Bank has not ruled out using all tools at its disposal to meet its inflation target, including negative interest rates and further measures to cool the housing market, SNB chairman Thomas Jordan said on Monday.

  • Russia warns Ukraine, EU over free-trade pact Monday, 29 Sep 2014 | 5:40 AM ET

    MOSCOW, Sept 29- Russia issued a new warning on Monday that it would retaliate if the European Union or Ukraine push ahead with moves to implement a free-trade agreement. Russia says its economy would be hurt by the free trade deal because it would allow Ukraine to export cheaper European goods to Russia, undercutting local products.


  • *Hong Kong August retail sales rebound, up 3.4 pct y/y. HONG KONG, Sept 29- Increasing civil unrest in Hong Kong is scaring off Chinese tourists, heaping further pressure on retailers which are already grappling with a protracted slowdown in sales.


  • MOSCOW, Sept 29- Russian precious metals and gems repository Gokhran is likely to start buying palladium in 2015, Interfax news agency reported on Monday, citing Andrey Yurin, the head of Gokhran. State-owned Gokhran has said repeatedly it planned to start palladium purchases from Russian miners, but has yet to take action.