Latest Business News Wires - Business Headlines


  • BERLIN, April 10- Russia may change its budget rules to reflect the addition of Crimea and its population of about 2 million people, First Deputy Prime Minister Igor Shuvalov was quoted as saying on Thursday. "State debt is very low in Russia, among the lowest in Europe.

  • NAIROBI, April 10- Seven Seas Technologies, one of Kenya's biggest IT companies, has pushed back its initial public offering until 2017 to allow it time to tap new countries in Africa and reduce its reliance on its home market.

  • *Need to focus on GDP per capita, World Bank says. *Nigeria needs to improve infrastructure, beware inequality. Nigeria's 2013 GDP was rebased up to an estimated nearly $510 billion- a "pie" one and half times the size of South Africa's, but feeding more than three times as many people.

  • *Greece returns to bond markets, lifts fixed income. *Equities best asset class- Hampstead Capital's van Dam. LONDON, April 10- Greece's stunning return to the bond market buoyed European fixed income assets on Thursday, enabling euro zone bond prices to strengthen and outperform flat equity markets.

  • *Copper, iron ore see double-digit month-on-month growth in March. SHANGHAI, April 10- China's imports of iron ore and copper soared in March from the previous month in anticipation of higher seasonal demand in the world's top metals consumer, though crude oil shipments dropped after three months of high inbound volumes.

  • LONDON, April 10- Gold rose nearly one percent on Thursday, reaching a 2-1/ 2 week high as the dollar dropped after minutes from the Federal Reserve's policy meeting suggested officials will be cautious on increasing interest rates soon.

  • MILAN, April 10- Italy paid a record-low yield to sell one-year bills on Thursday, as steady demand for its bonds continued to ease the burden of servicing the world's fourth-largest public debt.

  • METALS-Nickel hits one-year high on shortage concerns Thursday, 10 Apr 2014 | 6:13 AM ET

    *China copper imports jump 10.8 pct y/y in March. LONDON, April 10- Nickel prices rose to their highest level in more than a year on Thursday on concerns about shortages following a ban on ore exports from Indonesia.

  • UPDATE 3-Brent crude eases toward $107, eyes on Libya Thursday, 10 Apr 2014 | 6:03 AM ET

    *China exports fall for 2nd straight month in March. LONDON, April 10- Global oil prices slipped towards $107 a barrel on Thursday as Chinese data stoked concerns over demand growth in the world's second-largest economy while markets watched for evidence of a resumption in Libyan exports.

  • *Boeing, Airbus to benefit from low cost carriers boom. BEIJING, April 10- The chairman of Spring Airlines requires his employees to use both sides of a sheet of paper before throwing it away and even removed most of the bulbs lighting the corridor to his office- all part of his quest to save money.

  • BRUSSELS, April 10- Russia, the United States, Ukraine and the European Union will hold talks next Thursday in Geneva to try to negotiate an end to the crisis in Ukraine, EU diplomats said. Moscow has said it wants to know more about the agenda for such a meeting, and while no more details were immediately available, EU diplomats said it will now go ahead.

  • MOSCOW, April 10- Russian oil producer Gazprom Neft said on Thursday it had received positive responses from Asian clients about the possibility of using euros as a settlement currency. "Gazprom Neft held discussions with its eastern partners about the possibility of completing settlements in the European currency.

  • European shares retreat in jittery trade Thursday, 10 Apr 2014 | 5:49 AM ET

    LONDON, April 10- European shares turned negative in choppy trade on Thursday, with traders citing a big sale of Euro STOXX 50 futures while disappointing industrial output figures from Italy and France dented sentiment. Charts, however, showed a spike in volume on the Euro STOXX 50 June future from 0830 GMT as the contract swung into negative territory.


  • SHANGHAI, April 10- Hong Kong shares closed at their highest level in more than three months on Thursday, lifted by news that Beijing's securities regulator will allow cross-border stock investment between Hong Kong and Shanghai. The announcement also boosted mainland indexes, with the Shanghai composite index reaching a two-month high.

  • SINGAPORE/ BANGKOK, April 10- Indonesia is set to overtake Thailand as Southeast Asia's biggest car market as early as this year, driven by an expanding middle class and growing demand for budget, environmentally friendly vehicles, company executives and analysts said.

  • DUBLIN, April 10- Ireland sold 1 billion euros of 10- year debt as planned on Thursday, bettering the record low yields achieved last month at its first regular auction in four years.

  • LONDON, April 10- A Deutsche Bank employee responsible for its foreign exchange business with central banks was suspended because the bank identified potentially inappropriate communication with the Monetary Authority of Singapore, a source familiar with the matter said on Thursday.

  • ATHENS, April 10- Swiss cement producer Holcim's plans to merge with French peer Lafarge and create the world's biggest cement maker will be subject to an extensive review, the European Union's antitrust chief said on Thursday.

  • PARIS/ ZURICH, April 10- France's competition authority is investigating drugmakers Roche and Novartis on suspicion they were involved in anti-competitive practices in relation to eye disease treatments, the companies said on Thursday.