Latest Business News Wires - Business Headlines


  • FRANKFURT, July 3- The European Central Bank left its main interest rate unchanged at a record low of 0.15 percent on Thursday, holding off fresh policy action while it waits for stimulus measures announced last month to take effect.


  • BERLIN, July 3- Germany's lower house of parliament approved on Thursday the introduction of a nationwide minimum wage of 8.50 euros per hour, one of the flagship reforms of Chancellor Angela Merkel's coalition partner, the centre-left Social Democrats.

  • US STOCKS-Futures tick up ahead of data flurry Thursday, 3 Jul 2014 | 7:23 AM ET

    NEW YORK, July 3- U.S. stock index futures ticked up in light volume on Thursday after the S&P 500 and the Dow industrials closed at a record, ahead of a short session on Wall Street that is packed with economic data. Dow Jones industrial average e-mini futures rose 15 points and Nasdaq 100 e-mini futures added 5 points.


  • ISTANBUL, July 3- Yakup Saygili ranked among Turkey's top police commanders until he launched anti-graft raids that touched on Prime Minister Tayyip Erdogan's circle. Now he sits at home, victim of a purge he says has undermined specialist units' ability to tackle a growing terrorist threat spilling from the Middle East.

  • EU orders Belgium to stop backing Dexia investor Thursday, 3 Jul 2014 | 6:56 AM ET

    BRUSSELS, July 3- The European Commission has told Belgium to scrap a state guarantee scheme granted to a cooperative that was once the largest shareholder in bailed-out lender Dexia because it breached European Union state aid rules.

  • ROME, July 3- The outlook for world supplies of cereals and vegetable oils improved in June, contributing to the third straight monthly drop in global food prices, the United Nations' food agency said on Thursday.

  • LONDON, July 3- Euro zone firms expanded at their slowest rate in six months in June while cutting the prices they charge, surveys showed, signalling business conditions remain tricky as monetary authorities prepare to give a policy update.

  • TOKYO, July 3- Japan's Mitsubishi Electric has agreed to take the first step towards a partnership with European missile maker MBDA to develop a medium-range air-to-air missile for the F-35 stealth fighter, two people with knowledge of the matter said.

  • FRANKFURT/ BERLIN, July 3- Volkswagen denied planning a bid for U.S. truck maker Paccar after analysts published comments in a research note from a senior executive of German rival Daimler saying he had heard of such a plan.

  • *FTSEurofirst 300 up 0.2 pct, Euro STOXX 50 up 0.2 pct. PARIS, July 3- European stocks crept higher on Thursday, adding to the week's gains, as investors waited to see U.S. payrolls figures and the outcome of a European Central Bank policy meeting. The euro zone's blue-chip Euro STOXX 50 index also rose 0.4 percent to 3,265.20 points.

  • NEW DELHI, July 3- Newly elected Indian Prime Minister Narendra Modi pushed for improving U.S. ties during a meeting with Senator John McCain in New Delhi on Thursday, as the two countries seek to patch up their differences and boost their economic relationship.

  • LONDON, July 3- Rapidly rising house prices are a problem that has spread beyond London, and the risk they pose to the economy grows greater the more they outpace mortgage-holders' incomes, a Bank of England policymaker said on Thursday.

  • SEOUL, July 3- A South Korean contractor was raided by investigators looking into whether it leaked Hyundai Motor and General Motors engine design technology to overseas firms, a senior prosecutor familiar with the probe said on Thursday.

  • BEIJING, July 3- Access to online services such as messaging app Line and photo-sharing site Flickr was disrupted in China this week, a step anti-censorship groups said was carried out by the government to block information about pro-democracy protests in Hong Kong.

  • *Investors encouraged by economic data from U.S., China. KUALA LUMPUR, July 3- Copper climbed to its highest in more than four months on Thursday, boosted by expectations that a recovery in the economies of the United States and top consumer China will help spur demand for industrial metals.

  • TOKYO, July 3- Japanese government officials no longer expect the world's biggest nuclear plant to restart this year, sources said, a delay which deals a blow to turnaround plans for operator Tokyo Electric Power.

  • LONDON, July 3- World shares edged up on Thursday, hovering just below all-time highs as markets prepared for a double-header of a European Central Bank policy update and U.S. jobs data after a busy week.

  • LONDON, July 3- Britain's services industry expanded steadily in June, a business survey showed on Thursday, suggesting the economy grew robustly throughout the first half of 2014 and possibly pointing to an interest rate hike within the year.