Latest Business News Wires - Business Headlines


  • MUMBAI, May 5- A rally that's taken India's stock market to record highs faces a reality check as profits at some blue chips have been bolstered by non-operating items such as tax credits and investments, rather than by a revival in demand.

  • PANAMA CITY, May 4- Panama's vice-president, running as an opposition candidate, took an early lead in Sunday's presidential election after a campaign in which he took credit for outgoing President Ricardo Martinelli's policies but promised a cleaner government.

  • *Upbeat U.S. jobs offset by worries about Ukraine. SYDNEY, May 5- The dollar got off to a cautious start on Monday having staged a curious reversal late last week that saw it erase all of the gains sparked by a strong payrolls report.

  • May 4- Gary Becker, whose work applying the principles of economics to a wide range of human behavior won the Nobel Prize in 1992, has died at age 83, the University of Chicago said on Sunday.

  • BEIJING, May 5- Entrepreneur Wang Jing is little-known outside China, but the turnaround of his core telecoms business shows he is a well-connected figure among the Beijing elite.

  • GURGAON, India, May 5- When Narendra Modi talks about creating jobs in labour-intensive manufacturing, textile entrepreneur Sudhir Dhingra hopes the Indian opposition leader means business.

  • May 5- Six months into China's grand economic makeover, Beijing is playing it safe, choosing gradual progress on many fronts over game-changing, riskier reforms such as removing all controls over bank interest rates.

  • BEIJING, May 5- Wang Jing, the enigmatic businessman behind Nicaragua's $50 billion Interoceanic Grand Canal, shrugs off scepticism about how a little-known entrepreneur can be driving a huge transcontinental project, insisting he's not an agent of the Beijing government.

  • *Economists say weak economy gives Beijing room to depreciate. SHANGHAI, May 5- Beijing's attack on yuan speculators has proven extraordinarily successful, so much so that traders no longer see it as a short-term intervention but a deeper market shift that has now gained a self-reinforcing momentum.

  • May 5- China's leadership unveiled some of the most comprehensive economic and social reforms in nearly 30 years in November 2013.

  • LONDON, May 4- Euro zone policymakers get their main monthly chance this week to adjust their rhetoric about further monetary stimulus, although with inflation creeping a bit higher there, talk is more likely than action.

  • The latest increase was 3.07 cents to an average retail price of $3.7225 per gallon of regular grade gasoline, according to survey, which was conducted on May 2. Light crude prices on the New York Mercantile Exchange have declined 4.8 percent over the last week and a half from a recent high of $104.77 a barrel on April 24 to the most recent close of $99.76 on May 2.

  • With international sales, it has rung up nearly $370 million around the globe through Sunday, distributor Sony Corp said.

  • *Li says China will not allow colonialism to return. ADDIS ABABA, May 4- China signed a raft of agreements with Ethiopia on Sunday as Premier Li Keqiang arrived for the first leg of his four-nation Africa tour aimed at shoring up burgeoning Sino-Africa ties that saw their trade top $200 billion last year.

  • May 4- B/E Aerospace, a $9 billion maker of aircraft cabin interior products, said Sunday it was exploring strategic alternatives including a possible sale, merger or spin off of the company or selected businesses.

  • *Egypt's tourism revenues have dropped more than 40 percent. DUBAI, May 4- Egypt's tourism minister on Sunday announced ambitious plans to try to revive the country's tourism sector, in distress after years of political turbulence. Egyptian Tourism Minister Hisham Zaazou said in an interview in Dubai: "The world will see tourism returning to Egypt.

  • NEW YORK, May 4- With U.S. stocks near record highs and Treasury bond yields near multi-month lows, the disconnect between equity and debt investors has rarely been as stark. Over the coming months, the economy is likely to show one of the groups has bet wrong.

  • DALLAS, May 4- The Federal Reserve will likely bring its massive bond-buying program to an end in October, and only after that will it consider when to raise U.S. interest rates, a top Fed official said on Sunday. "I personally expect us to end that program in October," Dallas Federal Reserve Bank President Richard Fisher said in an interview on Fox News.

  • BERLIN, May 4- When Joe Kaeser took the reins of German engineering giant Siemens last summer after a boardroom coup, he made clear his priority was closing a yawning profitability gap with rivals such as General Electric.

  • TAIPEI, May 4- Stan Shih, chairman of struggling Acer Inc, will retire next month, the company said on Sunday, as the world's No.4 PC vendor reshapes itself following disappointing results last year. Chief Executive Jason Chen stays on his job, according to Cnyes.com, a major local online publication.