GO
Loading...

Latest Business News Wires - Business Headlines

More

  • TOKYO, April 16- Fukoku Mutual Life Insurance, Japan's eighth-largest insurer in terms of assets, plans to raise its holdings in Japanese equities for the first time since the global financial crisis in 2008, a senior official said on Wednesday.

  • LONDON, April 16- British business supplies distributor Bunzl announced three acquisitions for a total of 80 million pounds on Wednesday after reporting a 5 percent rise in first- quarter revenue.

  • European shares bounce back as Tesco advances Wednesday, 16 Apr 2014 | 3:12 AM ET

    LONDON, April 16- European shares advanced on Wednesday to bounce back from the previous session's losses after China reported economic growth a touch above forecasts, while a rise in retailer Tesco also lifted markets. The euro zone's blue-chip Euro STOXX 50 index also rose 1 percent, to 3,122.50 points.

  • April 15- Strong sales volume growth in China helped The Coca-Cola Co beat quarterly revenue estimates as lower-priced, smaller soda bottles and juices attracted more price and health-conscious shoppers in the world's second largest economy.

  • *H2 revenue up 19 pct to 1.3 bln stg, as expected. LONDON, April 16- British luxury goods group Burberry said strong sales in China and South Korea helped it to a 19 percent rise in second-half revenue, but that it expected currency headwinds to hit profits in the next two years.

  • UPDATE 2-ASML cuts first-half sales forecast on weaker Q2 Wednesday, 16 Apr 2014 | 2:46 AM ET

    AMSTERDAM, April 16- ASML, the world's biggest manufacturer of tools for semiconductor chip makers, cut its first-half sales forecast on Wednesday, blaming slower second-quarter sales to some customers.

  • UPDATE 1-Tesco sees no respite as annual profit slumps Wednesday, 16 Apr 2014 | 2:41 AM ET

    LONDON, April 16- Britain's biggest retailer Tesco said it saw no let up in sight as it posted a 6 percent fall in annual profit, its second straight year of decline, piling pressure on Chief Executive Phil Clarke.

  • ZURICH, April 16- Syngenta AG, the world's largest maker of crop chemicals, expects weak emerging markets currencies to have a bigger hit on full-year earnings than previously assumed, it said on Wednesday, as it posted higher first-quarter sales.

  • UPDATE 1-Brent edges lower towards $109, China data drags Wednesday, 16 Apr 2014 | 2:22 AM ET

    *China Q1 GDP growth at 18- month low of 7.4 percent. *China oil demand slips 0.6 pct in Jan-March. China, the world's second largest economy and oil consumer, said its gross domestic product grew 7.4 percent in the first quarter, the slowest pace in 18 months but slightly ahead of market expectations for a 7.3 percent rise.

  • Nikkei surges, SoftBank jumps on Alibaba earnings Wednesday, 16 Apr 2014 | 2:12 AM ET

    TOKYO, April 16- Japan's Nikkei share average surged on Wednesday after a better performance on Wall Street the day before and comments from Japanese Finance Minister Taro Aso that the market took to suggest more stock buying by the government's pension fund.

  • Tesco sees tough year ahead as profit falls Wednesday, 16 Apr 2014 | 2:09 AM ET

    LONDON, April 16- Britain's biggest retailer Tesco said it expected tough trading to continue as it posted a 6 percent fall in annual profit, its second straight year of decline.

  • Gox has given up plans to rebuild under bankruptcy protection and has asked a Tokyo court to allow it to be liquidated, the Wall Street Journal reported, citing people familiar with the situation.

  • AMSTERDAM, April 16- ASML, the world's biggest manufacturer of tools for semiconductor chip makers, altered its sales forecast for the first half, saying it now expects to sell 3 billion euros worth of products including extreme ultraviolet systems.

  • *Softbank, Yahoo reap the benefits of Alibaba holdings. SYDNEY, April 16- Asian share markets made broad gains on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome. "This is likely to be the low point for this year," said Shane Oliver, head of investment strategy at AMP Capital in Sydney.

  • Yuan steady, seen rangebound in near term Wednesday, 16 Apr 2014 | 1:52 AM ET

    HONG KONG, April 16- China's yuan held steady against the dollar and traded narrowly on Wednesday, shrugging off the impact of a midpoint at seven-month lows and sluggish economic growth in the first quarter.

  • China defaults mount among inter-company loans Wednesday, 16 Apr 2014 | 1:52 AM ET

    Shipbuilder Sainty Marine Corp Ltd on Tuesday became the latest listed firm to report that it had failed to receive principal and interest repayments on a 900 million yuan loan to a property developer. The same day, Qiaqia Food Co Ltd announced that it would launch a lawsuit against another food producer for failing to pay interest on a 40 million yuan loan.

  • SEOUL, April 16- Samsung Electronics Co Ltd's new Galaxy S5 smartphone should outsell its predecessor and defy predictions that the South Korean titan's latest model will struggle in a tough market for high-end handsets, a top executive said.

  • SYDNEY, April 16- The premier of Australia's New South Wales state, Barry O'Farrell, resigned from his position on Wednesday after it was revealed that he had misled a corruption inquiry about accepting a A $3,000 bottle of wine as a gift. New South Wales, on Australia's east coast, is the state with the largest economy and home to its major financial centre, Sydney.

  • April 16- Goldman Sachs is planning to jump-start its stock-trading business after top clients such as Fidelity Investments and BlackRock Inc voiced concerns about the way Goldman and other firms trade stocks, the Wall Street Journal reported, citing people familiar with the matter.

  • SYDNEY, April 16- Australian miners are racing ahead with plans to expand iron ore production to capture more of the Chinese market for the steelmaking ingredient, amid strong competition from the world's biggest supplier Vale of Brazil.