Latest Business News Wires - Business Headlines


  • SINGAPORE, April 7- Gold added to gains on Monday following its biggest one-day jump in over three weeks, as investor worries about an early U.S. interest rate hike eased when the nonfarm payrolls report failed to meet market expectations.

  • SEOUL, April 7- U.S. crude oil slipped on Monday to trade around $101 a barrel after Libyan rebels and the government agreed to end an eight-month oil port standoff, which has cost the OPEC producer billions in lost revenues. *U.S. crude for May lost 12 cents at $101.02 a barrel as of 0005 GMT, after it settled 85 cents higher at $101.14 a barrel in the previous session.

  • *Ranbaxy shareholders to get 0.8 Sun Pharma share for each Ranbaxy share. Ranbaxy, India's No.1 drugmaker by sales and 63.4 percent held by Daiichi Sankyo Co Ltd, is banned from exporting drug ingredients to the United States, while Sun Pharmaceutical's Karkhadi plant is also barred from shipping products by the U.S. Food and Drug Administration.

  • SYDNEY, April 7- Asian markets were torn two ways on Monday, some following Wall Street lower but others encouraged by U.S. jobs data that hit the sweet spot for many investors-- firm enough to soothe concerns about the health of the U.S. recovery but not so strong as to hasten the end of policy stimulus.

  • SYDNEY, April 7- Commodity currencies including the Australian dollar held onto solid gains early on Monday as the dollar and euro fell to the wayside and even lost ground to an otherwise soft yen.

  • QUITO, April 6- Ecuador plans to issue around $700 million in global bonds this year, President Rafael Correa said in an interview broadcast on Sunday, the country's first international debt sale since a $3.2 billion debt default in 2008..

  • Drugmaker GSK investigates alleged bribery in Iraq Sunday, 6 Apr 2014 | 7:21 PM ET

    *GSK says investigating alleged "improper conduct" in Iraq. *Iraq issue follows claims of extensive corruption in China. LONDON, April 6- Drugmaker GlaxoSmithKine, already facing corruption accusations in China, is now investigating allegations of bribery in Iraq, the British company said on Sunday.

  • TOKYO, April 7- Japan and Australia will reach a trade deal on Monday, Japanese media said, spurring Tokyo's parallel talks with the United States as Pacific nations struggle for a broader agreement.

  • *FTSE 350 companies seen paying £75.1 bn in dividend, highest since 2008. *Banks to drive increase as Lloyds, Barclays resume payouts. Companies in the FTSE 350 index are expected to pay 75.1 billion pounds in ordinary dividends in the next financial year, up 4.4 percent annually.

  • NEW YORK, April 6- BlackRock Inc, the world's largest money manager, is reorganizing its senior management, shifting at least 10 senior executives into new or different roles, according to an internal memo seen by Reuters on Sunday.

  • "Captain America: The Winter Soldier," the sequel to Marvel's 2011 film, smashed its way to $96.2 million in weekend ticket sales

  • JAPAN, AUSTRALIA TO SEAL TRADE PACT, CUTTING BEEF, CAR. TOKYO, April 7- Japan and Australia will announce a basic trade agreement on Monday, featuring cuts to Tokyo's tariffs on imported beef and Canberra ending its duty on cars, Japanese media said.

  • Gazprom could look east if sanctions hit: CEO Sunday, 6 Apr 2014 | 5:38 PM ET

    Gazprom Neft has not been affected by Western sanctions over Russia's annexation of Crimea

  • LOS ANGELES/ NEW YORK, April 6- "Captain America: The Winter Soldier," the sequel to Marvel's 2011 film about the red, white and blue superhero, smashed its way to $96.2 million in weekend ticket sales, setting a new record for an April release and speeding past last week's winner, "Noah."


  • BEIJING, April 7- China will probably need to ease monetary policy for the first time in two years in coming months to prevent the economy from losing too much momentum, according to economists who doubt the "mini stimulus" announced so far this year can do the job.

  • MUMBAI, April 7- An Indian drugs regulator is among the first to admit that oversight of the nation's huge pharmaceutical industry can be patchy. G.L. Singhal, chief regulator of northern Haryana state, a drugs manufacturing hub, says he needs double the number of inspectors if he is to properly scrutinise factories there.

  • SHANGHAI, April 7- Chinese banks are stuck in a lose-lose legal battle between domestic shipyards and foreign buyers over billions of dollars in refund guarantees that are supposed to be paid out if shipbuilders fail to deliver on time.

  • MACAU, April 7- As the world's gambling capital Macau races to open more than 17,000 new hotel rooms over the next three years to keep pace with a flood of Chinese visitors, only about 4,000 affordable homes for locals are expected to be built in the same period.

  • Gazprom could look east if sanctions hit: CEO Sunday, 6 Apr 2014 | 4:01 PM ET

    Gazprom Neft has not been affected by Western sanctions over Russia's annexation of Crimea