Latest Business News Wires - Business Headlines


  • Emerging market worries fuel demand for German Bunds Wednesday, 29 Jan 2014 | 12:00 PM ET

    LONDON, Jan 29- German government bond yields fell on Wednesday with the sale of a new 10- year Bund drawing strong demand fueled by growing worries about the global impact of emerging market ructions.

  • FOREX-Dollar softens after respite from Turkish rate hike Wednesday, 29 Jan 2014 | 11:50 AM ET

    *Fed seen reducing $10 bln in monthly bond purchases. NEW YORK, Jan 29- The dollar weakened against the yen and Swiss franc on Wednesday as traders reckoned emergency action taken to stall the fall of the Turkish currency would not be enough to calm jitters over global emerging markets ahead of an expected U.S.

  • UN sounds alarm on worsening global income disparities Wednesday, 29 Jan 2014 | 11:45 AM ET

    UNITED NATIONS, Jan 29- The U.N. President Barack Obama in his annual State of the Union address on Tuesday, in which he said there was a widening gap between rich and poor in the world's biggest economy and that while the stock market has soared, average U.S. wages have barely budged.

  • LONDON, Jan 29- One in three senior bank executives believes their institution has poor anti-money laundering controls at a time when the threat of vast regulatory fines and criminal prosecutions is increasing, according to a KPMG survey.

  • *Fed set for $10 billion taper; announcement 2:00 p.m. EST. *Boeing, Yahoo fall after results. NEW YORK, Jan 29- U.S. stocks fell on Wednesday, along with markets around the world, on concerns that bold efforts by Turkey and South Africa to stabilize their currencies may not be enough to staunch a cycle of selling in emerging markets.

  • NEW YORK, Jan 29 (Reuters)- A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc Chief Executive Maurice "Hank" Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing out the insurer at the height of the 2008 financial crisis.

  • HOUSTON, Jan 29- Marathon Petroleum Corp, Valero Energy Corp and Phillips 66, the three largest U.S. independent refiners, reported quarterly results on Wednesday that topped Wall Street estimates as cheaper crude prices on the Gulf Coast helped profits.

  • President Barack Obama' s nod to trade in his annual State of the Union address reflects a delicate political dance and leaves the hard work still ahead in convincing a skeptical Congress to get behind free trade deals.

  • *Google would escape possible fine of up to $5 bln. BRUSSELS, Jan 29- Google is close to settling a three-year European antitrust probe with "much better" concessions to allay concerns over blocking rivals such as Microsoft from internet search results, two sources said on Wednesday.

  • UPDATE 1-U.S. House passes long-overdue farm bill Wednesday, 29 Jan 2014 | 11:14 AM ET

    WASHINGTON, Jan 29- The U.S. House of Representatives passed a nearly $1 trillion farm bill on Wednesday that cuts food stamps and ends a direct subsidy to farmers, while expanding government-backed crop insurance programs. The leaders of the House and Senate agriculture committees have said they expect President Barack Obama will sign the bill.

  • *Adjusted earnings per share C $1.91 vs estimated C $1.95. TORONTO, Jan 29- Canadian Pacific Railway, the country's second largest railroad, reported a weaker-than-expected quarterly profit on Wednesday, but forecast adjusted earnings would climb at least 30 percent in 2014 as revenue rises.

  • METALS-Copper, nickel fall ahead of Fed, Chinese New Year Wednesday, 29 Jan 2014 | 11:06 AM ET

    LONDON, Jan 29- Copper dropped for a sixth session and nickel lost ground on Wednesday as investors adjusted positions and realised gains ahead of the week-long Lunar New Year holiday in Asia. We've also seen long liquidations and some profit-taking on copper and nickel, " Barclays analyst Gayle Berry said.

  • *Handmade decorations increase value of watches. GENEVA, Jan 29- Anita Porchet has a skill that Swiss watchmakers can't afford to do without. One of Porchet's masterpieces is a miniature painting on a watch dial of Marc Chagall's ceiling of the Opera Garnier in Paris which took her three months to create.

  • PRETORIA, Jan 29- The world's top platinum producers have made a revised wage offer to South Africa's AMCU union but it falls short of its demand for a minimum "living wage" of 12,500 rand a month, the union's chief negotiator said on Wednesday.

  • *Iraq says Syria war spillover hinders oilfields, pipelines. LONDON, Jan 29- Brent crude oil traded above $107 a barrel on Wednesday as investors waited to hear the latest development in U.S. monetary stimulus programme, with prices supported as concerns of turmoil in emerging economies eased. Brent was up by 30 cents to $107.71 per barrel as of 1538 GMT.

  • European stocks sink to 6-wk lows on EM, Fed jitters Wednesday, 29 Jan 2014 | 10:47 AM ET

    LONDON, Jan 29- European shares sank to six-week lows on Wednesday, breaking below technical support levels in the face of weak earnings and concerns that another trimming of U.S. monetary stimulus may exacerbate the emerging markets rout.



  • DIARY - Government Debt auctions to Mar 31 Wednesday, 29 Jan 2014 | 10:32 AM ET

    Jan 29- For other related diaries, please see;. DIARY- Central& Eastern Europe debt. *=All times in GMT unless stated otherwise, For Australia time is updated as Local time.

  • Jan 29- Competitive pressures in the U.S. automobile market are not likely to lead to margin-cutting consumer incentives in 2014, Sergio Marchionne, chief executive officer of both Fiat SpA and Chrysler Group LLC, said on Wednesday.