Latest Business News Wires - Business Headlines


  • LONDON, May 13- The London Stock Exchange Group is in talks with the parent company of Russell Investments about a possible acquisition of the asset management and stock index firm.

  • --Clyde Russell is a Reuters columnist. Global iron ore miners are boosting seaborne supplies of the steelmaking ingredient by about 20 percent over the next two years and believe China will buy most of the extra cargoes. As CISA points out, however, China will still have significant surplus capacity even as outdated and polluting plants are shut down or idled.

  • Salesforce-backed Anaplan raises $100 million Tuesday, 13 May 2014 | 3:01 AM ET

    San Francisco- based Anaplan makes applications that help companies such as beverages giant Diageo and information-technology company Hewlett Packard make financial, strategy and sales forecasts.

  • RIYADH, May 13- Economic conditions in the United States would have to change dramatically for the Federal Reserve to pause or reverse pace of winding down its money printing quantitative easing programme, a top official at the central bank said on Tuesday.

  • SINGAPORE, May 13- Gold slipped on Tuesday as outflows from bullion funds and stronger equities offset safe-haven demand for the metal from the Ukraine crisis. The metal has gained 7 percent so far this year, largely due to geopolitical tensions between Russia and the West over Ukraine and Moscow's annexation of the Crimean peninsula.

  • *Guangdong already owns 23 percent of PanAust. *PanAust not recommending bid but allows due diligence. SYDNEY/ MELBOURNE, May 13- China's Guangdong Rising Assets Management has proposed a A $1.1 billion takeover offer for copper and gold miner PanAust Ltd, the second bid for an Australian resources firm by a Chinese state-owned company in two weeks.

  • RIYADH, May 13- Economic conditions in the United States would have to change dramatically for the Federal Reserve to pause or reverse pace of winding down its money printing quantitative easing programme, a top official at the central bank said on Tuesday.

  • JAKARTA/ TORONTO, May 13- BlackBerry Ltd launched a low-cost touchscreen device in Jakarta, the Z3, as the embattled smartphone maker looks to revive sales in emerging markets like Indonesia where its once-fervent following has shrivelled. That says there is still room for BlackBerry in Indonesia, "said Ryan Lai, market analyst at consultancy IDC.

  • BEIJING, May 13- Jack Ma, the founder and executive chair of Alibaba Group Holding, said investors and entrepreneurs can fall out like domestic couples squabbling over their children in a blog post published late on Monday as the Chinese e-commerce juggernaut prepares for its blockbuster initial public offering.

  • TOKYO, May 13- Japanese government bond prices were steady on Tuesday, supported by tight market conditions due to the Bank of Japan's massive bond buying despite a rally in Tokyo shares. The 10- year JGB futures ticked down 0.05 point in price to 145.05, with firm bids seen at 145 and below.

  • PARIS, May 13- Airbus Group posted a narrower-than-expected drop in core earnings on Tuesday, after dodging the impact of lower aircraft deliveries and higher research and development spending, and reaffirmed its financial goals for the year.

  • Pfizer says keen to engage with AstraZeneca board Tuesday, 13 May 2014 | 2:15 AM ET

    LONDON, May 13- U.S. drugmaker Pfizer kept up the pressure on bid target AstraZeneca on Tuesday, saying its offer represented compelling value for a company which would otherwise face challenges as a standalone firm.

  • Nikkei jumps 2 pct on weak yen; Nissan, Sharp soar Tuesday, 13 May 2014 | 2:07 AM ET

    TOKYO, May 13- Japanese stocks jumped 2 percent to a 1-1/ 2- week high on Tuesday as a weaker yen lifted exporters, while Nissan Motor Co and Sharp Corp gained on hopes that their perceived conservative forecasts suggested more upside to their earnings. The benchmark Nikkei share average ended 275.92 points higher at 14,425.44, the highest close since May 2.

  • LONDON, May 13- A planned change in the way Britain taxes North Sea drillers exposes the loophole in a system that allowed an industry with annual revenues of 2 billion pounds to pay almost no corporation tax for two decades, prompting accusations that the UK tax authority is falling down on the job.

  • China's yuan sees respite from recent bruising Tuesday, 13 May 2014 | 1:30 AM ET

    HONG KONG, May 13- China's yuan's crept higher on Tuesday but remained within striking distance of a 18- month low as investors remained cautious on the outlook for the Chinese currency after its recent spell of weakness.

  • SINGAPORE May 13- Brent crude held above $108 a barrel on Tuesday, supported by the threat of further European sanctions against Russia over Ukraine but with little impetus to move higher.

  • WASHINGTON, May 13- President Barack Obama's decision on possible changes to U.S. deportation policy sets up an election-year skirmish that could help Democrats win points with their political base while irritating Republicans who are open to immigration reform.

  • BOSTON/ JAKARTA/ MELBOURNE, May 13- Billionaire Tom Steyer has rapidly become one of America's most visible environmental advocates, vowing to punish lawmakers who don't oppose climate change and pledging to spend up to $100 million to put the issue center stage in the Nov. 4 elections.

  • *Hong Kong and mainland property stocks gain. BEIJING, May 13- Hong Kong shares extended gains on Tuesday, led by gains in technology and property stocks amid speculation the government may relax the city's stamp duty rules.

  • Beijing plans new $14 bln airport to ease congestion Tuesday, 13 May 2014 | 12:15 AM ET

    BEIJING, May 13- Beijing plans to build a new 86 billion yuan airport in the south of the Chinese capital as congestion continues to clog runways and gates at Beijing Capital International Airport.