Latest Business News Wires - Business Headlines


  • *Finance Minister Arun Jaitley unveils budget on July 10. NEW DELHI, July 6- India's new government will seek to raise up to a record $11.7 billion in asset sales in its maiden budget this week, a senior government source said, bolstering state finances and buying time for structural reforms to revive a weak economy.

  • CARACAS, July 5- The owners of Venezuelan daily newspaper El Universal said on Saturday they had sold a controlling stake of the company to a little-known Spanish investment firm, Epalisticia, marking the third sale of a major media group in Venezuela since last year.

  • Boeing 737 fuselages damaged in train derailment Saturday, 5 Jul 2014 | 2:12 PM ET

    SEATTLE, July 5- A train derailment in Montana this week damaged a shipment of jetliner fuselages and other large parts on its way to Boeing Co factories in Washington state from Spirit Aerosystems, Boeing said on Saturday.

  • OTTAWA, July 5- Current trade talks in Ottawa between Japan, the United States and 10 other Pacific rim countries are key to advancing the planned Trans-Pacific Partnership to its final stage by year-end, Japan's chief negotiator said on Saturday.

  • DUBAI, July 5- Dubai is launching a project to build an entertainment and hotel district that will include the world's largest shopping mall, the emirate's ruler, Sheik Mohammed bin Rashid al-Maktoum, said on Saturday.

  • AIX-EN-PROVENCE, France, July 5- Oil major Total's chief executive said on Saturday the euro should have a bigger role in international trade although it was not possible to do without the U.S. dollar.

  • Total CEO calls for bigger euro role in oil payments Saturday, 5 Jul 2014 | 6:47 AM ET

    TOTAL CEO CALLS FOR BIGGER EURO ROLE IN OIL PAYMENTS@. AIX-EN-PROVENCE, France, July 5- Oil major Total's chief executive said on Saturday the euro should have a bigger role in international trade although it is not possible to do without the U.S. dollar.

  • Egypt cuts natural gas subsidies to factories Saturday, 5 Jul 2014 | 6:28 AM ET

    CAIRO, July 5- Egypt slashed its natural gas subsidies to several industries increasing gas prices by 30-75 percent, part of a broad government strategy to cut back subsidies that eat up to a fifth of its annual budget.

  • AIX-EN-PROVENCE, France, July 5- Airbus Group has not decided whether it will launch its proposed A330neo jet at this month's Farnborough Airshow but is confident about the outlook for plane orders at the gala event, its strategy chief Marwan Lahoud said on Saturday.

  • MEXICO CITY, July 4- Mexico's Senate on Friday gave its general approval to legislation needed to implement a reform of the phone and TV markets that seeks to rein in telecoms tycoon Carlos Slim and broadcaster Televisa.

  • DIARY - Top Economic Events to July 17 Friday, 4 Jul 2014 | 8:01 PM ET

    WELLINGTON- Reserve Bank of New Zealand Deputy Governor Geoff Bascand delivers a speech on "The evolution of New Zealand's currency." AIX-EN-PROVENCE, France- ECB Executive Board member Benoit Coeure speaks at a conference in Aix-en-Provence on European investments- 0815 GMT.

  • MONROVIA, July 4- Liberia's security forces fired shots in the air to break up a protest at an ArcelorMittal SA iron ore plant northeast of the capital on Friday, authorities and witnesses said. One demonstrator, who declined to be named, said ArcelorMittal had not fulfilled the terms of its concession agreement with the Liberian governmenOt.

  • The SEC accused Babikian of reaping an illegal $1.9 million profit by selling nearly 1.4 million shares of coal mining company America West Resources Inc after his emailed touts had boosted their price.

  • Argentina says US judge biased ahead of debt talks Friday, 4 Jul 2014 | 5:03 PM ET
    Attorney for Argentina Carmine Bocuzzi (C) arrives at US District Court for a hearing June 27, 2014 in New York.

    Argentina on Friday accused a U.S. judge of being biased ahead of debt talks set for New York next week.

  • The SEC went to court June 20 to enforce subpoenas it issued as it sought information related to a probe into whether Sutter leaked material nonpublic information about Medicare reimbursement rates to Mark Hayes, a lobbyist at Greenberg Traurig LLP. The committee's filing called the SEC subpoena "a remarkable fishing expedition for congressional records."

  • *Fresh strike at Impala Platinum mine. JOHANNESBURG/ CAPE TOWN, July 4- General Motors suspended production at its main South African plant after a strike hit parts supplies, the U.S. automaker said on Friday, becoming the latest victim of relentless labour unrest in Africa's most advanced economy.

  • NEW YORK, July 4- With all the hoopla over the Dow topping 17,000 out of the way, the market's next focus will be whether the fast-approaching earnings season can justify U.S. stocks climbing further into record territory. Many factors point to a second-quarter earnings season poised to surprise substantially to the upside.

  • CALGARY, Alberta, July 4- Oil dipped on Friday with Brent futures dropping below $111 a barrel on the prospect of revived Libyan exports and more U.S. crude soon finding its way to refiners, but losses were tempered by economic data pointing to a stronger demand outlook. Trade was extremely thin due to the Fourth of July holiday in the United States.

  • BUENOS AIRES, July 4- Argentina on Friday accused a U.S. judge of being biased in favor of hedge funds that have sued the South American country for full repayment of defaulted bonds, cementing the tough stance it has taken ahead of debt talks set for New York next week.

  • July 4- Corinthian Colleges Inc said late on Thursday that it had reached a deal with the U.S. Department of Education to sell most of its 107 campuses and wind down others, underscoring some of the struggles facing for-profit colleges across the country. Last month the company said it was receiving $16 million in federal aid from the Department of Education.