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Latest Business News Wires - Business Headlines

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  • MOSCOW, Feb 5- Ukraine's Economy Ministry estimates that the economy may contract by around 4.3 percent this year, RIA news agency reported.

  • Measly fees for advisory roles in government share sales are not unusual in India, but bankers say they are struggling now to justify the costs to shareholders in the current environment of low interest rates and rising regulatory costs. "The bitter reality is the government deals are the biggest deals in India. If you are not making money on them, how can you...

  • KIEV, Feb 5- Ukraine's central bank chief said on Thursday the bank had the tools required to ease market volatility and that she hoped the market would find a balance soon.

  • TOKYO, Feb 5- The Bank of Japan is likely to offer a brighter view on factory output than last month at its rate review in February, sources say, underlining its confidence that the economy will emerge steadily from recession without additional monetary stimulus. With slumping oil prices driving down consumer inflation, however, the central bank may give a...

  • Feb 5- Even after two deadly crashes in seven months, TransAsia Airways Corp will likely rebound quickly as insurance covers any financial losses and its coveted routes through Taipei's downtown airport keep it popular with business travelers. "Songshan is in downtown Taipei... so their flights are valuable, especially for the corporate guys," said Marc Wang,...

  • ATHENS, Feb 5- The European Central Bank's move to stop accepting Greek bank's sub-investment grade collateral for funding will not threaten the banking system, a Greek central bank official said on Thursday.

  • *Q4 adjusted EBIT 2.82 bln euros vs f'cast 2.66 bln euros. *To pay highest-ever dividend of 2.45 euros a share. Analysts at Bankhaus Lampe, who rate Daimler "buy," said the results confirmed their view that the company would outperform rivals Audi and BMW this year.

  • ATHENS, Feb 5- Greek banks have been given approval to tap an additional 10 billion euros in emergency funding over an existing ceiling if necessary, a Greek government official said in a statement on Thursday. The European Central Bank on Wednesday abruptly canceled its acceptance of Greek bonds in return for funding, leaving Greek banks reliant on the...

  • BERLIN, Feb 4- Germany wants Greece's new left-wing government to go back on anti-austerity promises made in its first days in office and revert to economic policies its predecessors' agreed with international lenders, a document showed on Wednesday. Greece promptly rejected such calls. "The Eurogroup needs a clear and front-loaded commitment by Greece to...

  • LONDON, Feb 5- Britain's grocery industry watchdog opened an investigation on Thursday into Tesco's relations with its suppliers, dealing a further blow to the battered reputation of the country's biggest supermarket. The Groceries Code Adjudicator Christine Tacon, set to be given the power to fine retailers up to one percent of their annual UK turnover, said...

  • TOKYO, Feb 5- The Japanese unit of McDonald's Corp booked its first annual operating loss since going public in 2001 and its January sales plunged by a record 39 percent as food safety scandals drove customers away. The problems are an added distraction for McDonald's Corp, the world's largest restaurant chain by sales, which last month replaced its CEO with...

  • TOKYO, Feb 5- The Bank of Japan is likely to offer a brighter view on factory output this month than in January, when it said it was bottoming out, sources familiar with the central bank's thinking said. But the BOJ may offer a slightly bleaker view on prices to better reflect the recent slowdown in price growth, the sources said. The BOJ will issue the new assessments at...

  • KIEV, Feb 5- The head of Ukraine's central bank said on Thursday the bank's decision not to intervene directly in the foreign exchange market does not mean a free float of the hryvnia currency. Valeriia Gontareva, the bank's governor, told a news conference bank would simply allow for a greater fluctuation in the hryvnia and added: "Get used to market volatility."

  • FDA spokeswoman Stephanie Yao declined to comment. Hamburg, 59, is one of the longest-serving FDA commissioners in the modern era. Stephen Ostroff, the FDA's chief scientist, will fill Hamburg's position until a new commissioner is named, said a second person familiar with the matter.

  • SEOUL/ HONG KONG, Feb 5- The chairman of Hyundai Motor Co and his son on Thursday offered to sell a $1 billion stake in logistics affiliate Hyundai Glovis, a month after a similar attempt failed because investors questioned its rationale. If the entire stake isn't sold, deal manager Citigroup will acquire the remainder, Hyundai Motor said in a statement.

  • Ukrainian central bank sees 2015 inflation at 17.2 pct Thursday, 5 Feb 2015 | 4:05 AM ET

    KIEV, Feb 5- Ukraine's central bank forecast on Thursday that consumer price inflation this year would be 17.2 percent and warned that inflationary and devaluation risks would continue in the near term. In December of last year annual inflation was 24.9 percent. Representatives of the central bank told a news conference the bank was raising its overnight...

  • *Euro hit overnight after Greece loses ECB safety net. The ECB's announcement came after Greece's new Finance Minister Yanis Varoufakis emerged from a meeting with ECB President Mario Draghi saying the ECB would do "whatever it takes" to support member states such as Greece. "But we still think the main driver of the euro over the next few months will be QE, and...

  • KIEV, Feb 5- Ukraine's central bank announced on Thursday a big increase in its interest rate to 19.5 percent, trying to avert financial collapse in a crisis aggravated by fighting in the country's east and a lack of foreign funding. With the hryvnia currency in free fall and foreign exchange reserves running at $7.5 billion last year, barely enough to cover five...

  • MOSCOW, Feb 5- Ukraine's central bank governor said on Thursday the bank had agreed with the International Monetary Fund on terms for boosting the Fund's financial aid to Kiev.

  • UKRAINE CENBANK SAYS THERE IS STILL SENSE OF PANIC ON MARKET DUE TO MILITARY CONFLICT.