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Latest Business News Wires - Business Headlines

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  • LONDON, Feb 3- Bank of America Merrill Lynch is raising salaries for some of its senior bankers by about 20 percent, a person familiar with the matter said on Monday, to get around a new European Union cap on pay.

  • NEW YORK, Feb 3- U.S. manufacturing activity slowed sharply in January on the back of the biggest drop in new orders in 33 years while construction spending barely rose in December, pointing to some loss of steam in the economy.

  • NEW YORK, Feb 3- The dollar fell to a two-month low against the safe-haven yen on Monday on persistent jitters over troubles in emerging markets and as surprisingly weak domestic manufacturing data spurred worries about U.S. economic growth.

  • *Euro STOXX 50 falls 1.7 pct to 2,963.96 points. LONDON, Feb 3- European shares fell to a one-and-a-half month closing low on Monday, knocked back by data that showed China's economy losing momentum and by growing worries about the affect on companies of turmoil in emerging markets.

  • *China stutters and France shrinks again. LONDON/ NEW YORK, Feb 3- Slower growth in the Chinese and U.S. factory sectors raised worries about global growth on Monday, even though European manufacturers enjoyed a solid start to the year.

  • WASHINGTON, Feb 3- U.S. regulators may eventually require cars and trucks to be able to communicate with one another in order to avoid accidents and traffic jams, the Department of Transportation said on Monday.

  • *China markets closed for Lunar New Year, to reopen on Friday. *China's factory growth slows to a six-month low in January. LONDON, Feb 3- Copper fell to a two-month low on Monday, with slowing factory growth in top consumer China and the United States compounding a deteriorating demand outlook for the metal.

  • DETROIT, Feb 3- The top three U.S. sellers blamed extreme weather for poorer-than-expected auto sales in January, as analysts predicted a rebound in February and March. U.S. automakers Ford Motor Co and General Motors Co and Japan's Toyota Motor Sales USA saw January auto sales plummet, missing analysts' estimates for the month.

  • Hungary and Russia in crosshairs for rate hikes Monday, 3 Feb 2014 | 12:34 PM ET
    A woman walks past the boards listing foreign currency rates against the Russian ruble as she leaves an exchange office in central Moscow, on January 31, 2014.

    Investors bet Hungary and Russia will be the next emerging economies forced to defend their currencies after India, Turkey and South Africa.

  • NEW YORK, Feb 3- Crude oil fell $1 on Monday under pressure from continued worries over emerging markets, weak factory data from China, and expectations for lower demand as U.S. refiners move into maintenance season.

  • Large car component manufacturers such as BorgWarner and Hitachi, along with Chinese suppliers, will be approached to gauge interest, the sources said.

  • CALGARY/ WASHINGTON, Feb 3- Cost overruns, logistical woes and regulatory uncertainty had already cast a shadow over the Canadian crude-by-rail boom even before a long-awaited report last week appeared to give a boost to the oil-train industry's main competitor, the Keystone XL pipeline.

  • WASHINGTON, Feb 3- Japan- based Aisan Industry Co Ltd has agreed to plead guilty in the United States to conspiring to fix the prices of automobile parts and pay a criminal fine of $6.9 million, the U.S. Justice Department said on Monday. Aisan is one of 25 companies which law enforcement authorities in the United States, Europe or Asia have charged with price fixing.

  • RIO DE JANEIRO/ LONDON, Feb 3- Emerging-market stocks extended a two-week sell-off on Monday as weak Chinese manufacturing and services data weighed on shares, while the currencies of South Africa and Turkey weakened after policymakers poured cold water on expectations of higher domestic interest rates.

  • Pimco Total Return Fund rises 1.35% in January Monday, 3 Feb 2014 | 12:09 PM ET

    Pimco rose 1.35 percent in January after posting its worst annual loss since 1994 last year, preliminary data from Morningstar showed on Monday.

  • Chrysler's Canadian auto sales climb in January Monday, 3 Feb 2014 | 11:59 AM ET

    TORONTO, Feb 3- Chrysler Canada said on Monday that its Canadian vehicle sales rose 4 percent in January from a year earlier, buoyed by demand for both trucks and cars. The Chrysler Group company, a unit of Fiat Chrysler Automobiles, said total sales rose to 17,698 from 17,013 vehicles in the same period last year.

  • *Germany denies plan for new losses for Greek bondholders. LONDON, Feb 3- Greek bond yields slipped on Monday on suggestions that Athens was poised to receive more international aid, with the fall accelerating after Germany denied private bondholders could suffer further losses.

  • LONDON, Feb 3- Central banks in emerging markets are under growing pressure to increase interest rates in order to support their currencies and head off inflation caused by weaker exchange rates.

  • TRIPOLI, Feb 3- Libyan Prime Minister Ali Zeidan said on Monday he had given orders to move troops toward eastern ports occupied by protesters, but said deployment of the military was now in the hands of the army command.

  • Wall Street, European stocks fall more than 1 percent. MSCI's all-country world equity index fell 0.72 percent while the pan-European FTSEurofirst 300 index of leading regional shares closed down 1.5 percent. MSCI's emerging markets index fell 0.9 percent to its lowest since August, a decline that was less of a fall than developed markets.