Latest Business News Wires - Business Headlines


  • METALS-Copper steady ahead of U.S. jobs report Tuesday, 22 Oct 2013 | 6:00 AM ET

    *Coming up: U.S. nonfarm payrolls data for Sept at 1230 GMT. LONDON, Oct 22- Copper steadied on Tuesday in cautious trade as the market awaited the first U.S. jobs report in nearly two months, which is likely to shed light on the pace of recovery in the world's biggest economy.

  • TOKYO, Oct 22- Japan's Nippon Life Insurance plans to increase yen bond holdings in the six months to March but is also ready to buy foreign bonds as well if it can buy dollars and euros on dips, a company official said on Tuesday.

  • China c.bank set for modest policy tightening- adviser Tuesday, 22 Oct 2013 | 4:50 AM ET

    BEIJING, Oct 22- China's central bank may tighten policy moderately as inflation creeps up, relying on money-market liquidity adjustments rather than blunt tools such as interest rate rises, a policy adviser to the central bank said on Tuesday.

  • *Says relations with America Movil cooperative. The group also said relations with main shareholder America Movil, controlled by billionaire Carlos Slim, remained cooperative.

  • *U.S. nonfarm payrolls for Sept due at 1230 GMT. *European, Asian shares-ex Japan edge back from 5- year high. LONDON, Oct 22- The dollar pulled back from an eight-month low and shares began cautiously on Tuesday as investors awaited delayed U.S. jobs data, half suspecting that this month's acrimonious budget tussle in Washington will have diluted their value.

  • *ARM Holdings hit by royalty concerns. *Norwegian insurer Gjensidige rallies after earnings beat. LONDON, Oct 22- European shares were flat in early trade following a mixed batch of company reports, with airlines the top fallers after weak results from Germany's Lufthansa.

  • FOREX-Dollar holds near lows before U.S. jobs data Tuesday, 22 Oct 2013 | 4:17 AM ET

    *Market cautious before U.S. jobs data at 1230 GMT. LONDON, Oct 22- The dollar held near its recent lows on Tuesday, with investors cautious before delayed jobs data that will give an indication of the strength of the U.S. economy before this month's government shutdown.

  • ABU DHABI, Oct 22- Nokia unveiled its first tablet and two large-screen smartphones, known as phablets, at the annual Nokia World event in Abu Dhabi on Monday.

  • BEIJING, Oct 22- China's home prices rose the most in nearly three years in September, adding to fears that a property bubble is emerging heading into a Communist Party leaders' meeting next month.

  • HONG KONG, Oct 22- Hong Kong shares slipped on Tuesday from their highest levels in a month, led down by China Mobile after its disappointing third quarterly results kicked off a reporting season for blue chip companies. The Hang Seng Index, which closed on Monday at its highest since Sept. 19, fell 0.5 percent to 23,316 points.

  • *Analyst values unit at about 2 bln stg. LONDON, Oct 22- Consumer goods group Reckitt Benckiser is reviewing options for its pharmaceuticals unit, it said on Tuesday, effectively putting up for sale its prescription medicine for heroin addiction, which faces cheap, copycat competition.

  • TOKYO, Oct 22- Japan's Nippon Life Insurance plans to increase yen bond holdings in the six months to March but is also ready to buy foreign bonds if they can buy dollars on dips, a company official said on Tuesday.

  • Adidas, the world's second largest sporting apparel firm, has been losing ground to bigger rival Nike in North America and Europe this year.

  • SINGAPORE, Oct 22- London copper was locked in a narrow range on Tuesday ahead of the first U.S. jobs report in nearly two months, as investors try to assess the health of the world's biggest economy after signs of slower Asian growth dimmed the outlook for metals.

  • TOKYO, Oct 22- A Tokyo court has dismissed a defamation lawsuit filed by Japanese billionaire Kazuo Okada against U.S. casino operator Wynn Resorts and some of its top executives, saying the case should not be handled by a Japanese tribunal.

  • *First rise in Cushing stocks in more than three months. LONDON, Oct 22- U.S. crude oil fell below $99 a barrel on Tuesday to its lowest since early July after crude stockpiles rose more than expected in the world's top oil consumer, pushing the discount to North Sea Brent crude to its widest in six months.

  • Deutsche Lufthansa fell 3.8 percent, the top FTSEurofirst 300 faller, after it said operating profit for the first nine months of the year fell to about 660 million euros from 907 million in the year-earlier period.

  • HONG KONG, Oct 22- China shares slid, largely due to falls in property shares after data indicating rapid rises in home prices in major cities made investors worry new curbs could be imposed on the sector.

  • SINGAPORE, Oct 22- Gold traded in a tight range on Tuesday as the market waited for U.S. economic data but investor sentiment was undermined by a big drop in holdings in the largest gold-backed exchange-traded fund. Holdings in SPDR Gold Trust fell 10.51 tonnes on Monday to 871.72 tonnes, their lowest since Feb. 2009.

  • By Xiaoyi Shao and Jonathan Standing. BEIJING, Oct 22- China's home prices rose the most in nearly three years in September, led by a surge in big cities, adding to the threat of a property bubble that is set to test government policy makers ahead of a key economic reform meeting due next month.

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