Latest Business News Wires - Business Headlines


  • MELBOURNE, Aug 7- Newmont Mining Corp said on Thursday it is applying for an injunction to get workers back to its Batu Hijau mine as it fights a controversial tax on copper exports that led the company to halt shipments from Indonesia this year.

  • NEW YORK/ LONDON Aug 7- Investors fretting about the possibility of a big reversal in global stock markets may just want to borrow a slogan from the British- and just keep calm and carry on.

  • *Army seized power on May 22 after months of political tensions. BANGKOK, Aug 7- Data from University of the Thai Chamber of Commerce:. On May 22, the Thai army seized power.

  • SINGAPORE/ SYDNEY, Aug 7- The euro held steady above a nine-month low on Thursday ahead of a policy review by the European Central Bank, while the Aussie dollar tumbled after surprisingly weak Australian jobs data.

  • *NATO says Russia massed 20,000 combat-ready troops on Ukraine border. SINGAPORE, Aug 7- Brent crude rose from near four-month lows toward $105 a barrel on Thursday, supported by a decline in U.S. oil inventories and an escalation of East-West tension over the conflict in Ukraine.

  • METALS-London copper edges up as dollar turns lower Wednesday, 6 Aug 2014 | 11:33 PM ET

    *Papua New Guinea nickel mine halted due to unrest. SYDNEY, Aug 7- London copper edged up on Thursday, after touching a five-week trough in the previous session, as the dollar eased from nine-month peaks and relieved pressure on metals.

  • *Worries grow over economic cost of Ukraine crisis in Europe. TOKYO, Aug 7- Asian shares retreated while investors flocked to safe haven assets such as bonds and gold on Thursday, spooked by a Russian troop build-up on the border with Ukraine and tit-for-tat economic sanctions between the West and Moscow.

  • Qingdao port at centre of probe into alleged financing fraud. Beijing's anti-corruption campaign, which had focused on energy giant PetroChina earlier this year, has begun to turn to the mining sector and authorities are also investigating the suspected metal financing fraud at Qingdao port, China's third largest.

  • TOKYO, Aug 7- Japan's Nikkei share average edged down on Thursday morning in choppy trade, extending its declines into a sixth day as the strong yen dragged down exporters, while rising tensions in Ukraine dulled risk appetite.

  • SYDNEY, Aug 7- London copper steadied on Thursday, after touching a five-week trough in the previous session, as the dollar eased from nine month peaks and relieved pressure on the metals complex. *The most-traded October copper contract on the Shanghai Futures Exchange slipped by 0.7 percent to 49,650 yuan a tonne.

  • SHANGHAI, Aug 7- The deputy commissioner of Qingdao Customs, which manages the Chinese city's port, has died of unnatural causes, state news agency Xinhua said on its microblog on Thursday. Xinhua said police are investigating the death on Aug. 5 of Deputy Commissioner Zhang Bianquan.

  • Aug 6- Canadian fertilizer and farm retail dealer Agrium Inc's second-quarter profit beat Wall Street estimates as it gained from the inclusion of sales from Viterra Inc's retail centers. Agrium's U.S.-listed shares rose 2 percent to $94 in after-hours trading.

  • Global equity markets came under pressure as tit-for-tat economic sanctions between the West and Moscow escalated, and as Russia massed around 20,000 combat-ready troops on Ukraine's border.

  • BUENOS AIRES, Aug 6- The U.S. judge in charge of Argentina's debt default case on Wednesday ordered Bank of New York Mellon to hold on to money deposited by the government rather than disburse the funds to holders of the country's restructured bonds.

  • SINGAPORE, Aug 7- Gold held overnight gains to trade near its highest in over a week on Thursday as fears of Russian military action against Ukraine and heightened tensions between Moscow and the West burnished gold's appeal as a safe-haven.

  • SINGAPORE, Aug 7- U.S. crude futures steadied near six-month lows at close to $97 a barrel early on Thursday, pressured by ample supplies in the world's top oil consumer as crude stockpiles at the key Cushing delivery hub rose.

  • WASHINGTON, Aug 6- President Barack Obama said on Wednesday his administration plans to move quickly to curb what he called a "herd mentality" by companies doing business deals that help them escape U.S. corporate taxes, saying the practise was unfair to Americans.

  • Aug 6- Travel website owner Priceline Group Inc will invest $500 million in Chinese online travel company Ctrip.com International Ltd to broaden options for both companies in China. Shares of Ctrip rose about 8.6 percent in after-market trading to $65.65 while that of Priceline's were little changed.

  • *Russia ban is in retaliation for Western sanctions. MOSCOW, Aug 6- Russia has escalated an economic battle set off by the crisis in Ukraine with a ban on all food imports from the United States and on fruit and vegetables from the European Union, dropping any pretence these might be for food safety reasons.

  • SYDNEY, Aug 7- The euro nursed broad losses early on Thursday after a batch of disappointing data from Italy and Germany soured sentiment for the currency just hours ahead of a policy review by the European Central Bank.