Latest Business News Wires - Business Headlines


  • TOKYO, April 10- Japan's core machinery orders fell sharply in February, casting doubt on the strength of capital spending as early signs suggest the world's third-biggest economy may struggle to cope with a sales tax hike that kicked in this month.

  • BOAO, China, April 10- Chinese Premier Li Keqiang ruled out major stimulus to fight short-term dips in growth in the world's second-biggest economy, dashing investor hopes that the government would aggressively combat a slowdown in activity.

  • SYDNEY/ SINGAPORE, April 10- The dollar hit a three-week low versus a basket of major currencies on Thursday after minutes from the Federal Reserve's March meeting disappointed dollar bulls, while the Aussie dollar surged on data showing solid Australian jobs growth.

  • Brent dips towards $107 on weak China trade data Thursday, 10 Apr 2014 | 12:08 AM ET

    SINGAPORE, April 10- Brent futures eased towards $107 a barrel on Thursday on weak China trade data and as investors booked profits after gains of 2 percent in the past two days.

  • April 10- Wal-Mart Stores Inc wants Americans, even those on a budget, to buy more organic food. The move could help revive Walmart's flagging grocery sales and boost the profile of the resurrected Wild Oats brand.

  • WASHINGTON, April 10- The number of U.S. home foreclosure filings slid 23 percent in March from a year ago, helping bring first-quarter foreclosure activity to its lowest level since the second quarter of 2007, a report from RealtyTrac showed on Thursday.

  • NEW YORK, April 10- Thanks to increased savings rates and a rising stock market, average balances in U.S. college savings plans jumped 30 percent in 2013 over the prior year, according to the new "How America Saves for College" report from Sallie Mae released Thursday.

  • April 9- Apple Inc's Greg Christie, who led the company's "human interface" team that designs software for its products, is leaving the company, the Wall Street Journal reported, citing an internal email. Apple did not immediately respond to an email from Reuters seeking comment.

  • *Markets take soft China data in stride. TOKYO, April 10- Asian shares look to extend recent solid gains on Thursday after minutes of the Federal Reserve's latest policy meeting suggested the Fed may be more cautious towards raising interest rates than markets had thought.

  • *Gold scales fresh 2- week high. SINGAPORE, April 10- Gold extended gains to a third session on Thursday, scaling fresh two-week highs, after minutes from the Federal Reserve's policy meeting showed that officials were not keen on increasing interest rates anytime soon.

  • SINGAPORE/ BEIJING, April 10- Chinese soybean imports will drop as processors cannot cover their costs with a bird flu outbreak sapping demand for the animal feed ingredient they make.

  • *China copper imports jump 10.8 pct in March on month to 420,000 T. SYDNEY, April 10- London nickel extended gains to a fresh one year high on Thursday as investors raised bullish bets after signs of stress in Chinese stainless steel markets following a ban on exports from top ore exporter Indonesia.

  • JGBs dip as Tokyo stocks retrace sharp losses Wednesday, 9 Apr 2014 | 10:52 PM ET

    TOKYO, April 10- Japanese government bonds prices dipped on Thursday as Tokyo stocks rebounded from the previous day's sharp losses and dampened demand for safe haven, low yield debt. Traders said the lack of inclusion of super long JGBs at the Bank of Japan's regular bond-purchasing market operation and overnight losses by longer-dated U.S.

  • BEIJING, April 10- China's exports unexpectedly fell for the second straight month in March and import growth dropped sharply, intensifying concerns about weak manufacturing and slowing growth in the world's second-largest economy.

  • BOAO, China, April 10- China will not take any forceful stimulus measures to counter short-term fluctuations in its economic growth, Premier Li Keqiang said on Thursday, stressing again that authorities have flexibility in achieving the 2014 growth target.

  • *Toyota falters on recall of vehicles, BoFA Merrill cuts rating. Federal Reserve eased worries over the timing of rate hikes, though Toyota Motor extended losses as investors punished it for its latest global recall of vehicles.

  • BEIJING, April 10- China's exports fell 6.6 percent in March from a year earlier, while imports slipped 11.3 percent, leaving the country with a trade surplus of $7.7 billion for the month, the Customs Administration said on Thursday.

  • HONG KONG, April 10- Loss-making Russian aluminium group United Company Rusal Plc said it has revised down its earnings for 2013 after a review of its share of profits of associates in Norilsk Nickel showed the figure was overstated by $100 million.

  • METALS-London copper edges up after Fed minutes Wednesday, 9 Apr 2014 | 9:26 PM ET

    SYDNEY, April 10- London copper edged up on Thursday, supported by the prospect U.S. interest rates may not rise as soon as previously thought, while investors were awaiting Chinese trade data to shed fresh light on demand in the world's top consumer.

  • SEOUL, April 10- South Korea's central bank held interest rates steady for an 11th consecutive month, as expected, at the new governor's debut policy meeting, with markets pricing in rates being raised from late 2014..