Latest Business News Wires - Business Headlines


  • *China H1 crude oil imports rise 10.2 pct on year. SINGAPORE, July 10- Brent crude edged down towards $108 a barrel on Thursday, extending its longest losing streak in fours years, as weak gasoline demand in the United States offset a rise in crude imports in China.

  • JAKARTA, July 10- Indonesian President Susilo Bambang Yudhoyono urged the two candidates in Wednesday's disputed presidential election to keep their supporters in check during what will be an agonisisng two-week wait for an official result. The Election Commission is due to announce the official result on July 22.

  • HONG KONG, July 10- As China hurries to extend the yuan's footprint beyond Hong Kong, it is also quickly opening up its domestic capital markets to foreign investors hungry for yield.

  • METALS-London copper steady, aluminium near 13-mth peak Wednesday, 9 Jul 2014 | 11:23 PM ET

    *ShFE copper premiums jump $10 to $135- $150. SYDNEY, July 10- London copper was steady on Thursday and aluminium held near a 13- month peak, as shrinking supply underpins metal prices and investors return to the beaten down asset class on brightening prospects for demand.

  • Chinese hackers pursue key data on US workers - NYT Wednesday, 9 Jul 2014 | 11:18 PM ET

    July 9- Chinese hackers broke into the computer networks of the United States government agency that keeps the personal information of all federal employees in March, the New York Times reported, citing senior U.S. officials. Tensions are high between China and the United States.

  • Australian Senate delays carbon tax repeal Wednesday, 9 Jul 2014 | 11:06 PM ET

    SYDNEY, July 10- The Australian Senate rejected legislation to repeal the country's carbon tax on Thursday because it did not guarantee savings would be passed onto consumers, but amended legislation could still pass as early as next week.

  • *Asia up as Wall St rises with Fed in no hurry to end QE. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3 percent. It's still unrealistic to count on exports to be an important contributor to economic growth, "said Wang Jun, an economist at the China Centre for International Economic Exchanges in Beijing.

  • BEIJING, July 10- Chins needs to invest arduous efforts if it wants to expand its trade flows by 7.5 percent this year, as targeted by the government, the customs office said on Thursday.

  • BEIJING, July 10- China's exports grew less than expected in June, offering no conclusive evidence yet on whether the economy can stabilise without additional government stimulus measures. That left China with a trade surplus of $31.6 billion, compared with May's surplus of $35.9 billion.

  • China June exports up 7.2 pct y/y, imports up 5.5 pct Wednesday, 9 Jul 2014 | 10:05 PM ET

    BEIJING, July 10- China's exports rose 7.2 percent in June from a year earlier, while imports rose 5.5 percent, leaving the country with a trade surplus of $31.6 billion for the month, the Customs Administration said on Thursday.

  • *CIMB, RHB and Malaysia Building Society to seek merger- reports. KUALA LUMPUR, July 10- CIMB Group Holdings Bhd, Malaysia's second largest bank, is seeking to acquire two other lenders to create the country's biggest bank, media reports said.

  • Nikkei flat as poor machinery data offsets Fed optimism Wednesday, 9 Jul 2014 | 9:43 PM ET

    *Benesse dives to 2-1/ 2- month low after data leak. TOKYO, July 10- Japan's Nikkei share average was flat on Thursday in choppy trade as worse-than-expected machinery data soured sentiment after minutes from the U.S. It had dropped 0.1 percent to 15,302.65 on Wednesday, its lowest closing level since June 30.

  • S.Korea restarts nuclear reactor shut in June Wednesday, 9 Jul 2014 | 9:33 PM ET

    SEOUL, July 10- A South Korean nuclear reactor has restarted after a month-long closure due to a control rod problem, a spokesman at state-run atomic operator Korea Hydro and Nuclear Power Co Ltd said on Thursday.

  • SAN FRANCISCO, July 9- Apple Inc acknowledged on Wednesday it needs to address manufacturing partners' carbon emissions and its own rising water consumption, though the iPhone maker said it had cut back sharply on greenhouse gas output.

  • KUALA LUMPUR, July 10- Malaysia's CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd will seek regulatory approval for a merger, aiming to create the country's largest bank, a newspaper said on Thursday. The Employees Provident Fund will play a significant role in the merger as it owns big stakes in all three firms, said the Star.

  • SINGAPORE, July 10- Gold edged higher for a second straight session on Thursday, helped by a weaker dollar and as minutes of the Federal Reserve's recent policy meet gave no indication of an early hike in U.S. interest rates.

  • TOKYO, July 10- Japan's machinery orders posted their worst monthly fall on record in May, defying expectations of a bounce and casting doubt on hopes that capital spending was picking up and could drive further economic recovery.

  • TOKYO, July 10- U.S. crude oil fell below $102 on Thursday, to trade at its lowest level in more than a month, on wavering demand for gasoline and projections for rising supplies from OPEC member Libya. *U.S. crude futures for August delivery fell 32 cents to $101.97 a barrel by 0002 GMT, after earlier trading as low as $101.72- the lowest level since June 5.

  • *Asia up as Wall St rises with Fed in no hurry to end QE. *Focus on China trade data at 0200 GMT. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent.

  • SYDNEY, July 10- London copper opened little changed on Thursday and aluminum held not far off a 13- month top, as shrinking supply underpins metal prices and investors revisit the beaten down asset class on brighter prospects for demand.