Latest Business News Wires - Business Headlines




  • SINGAPORE, June 3- Singapore officially started its first power plant that fully operates on liquefied natural gas on Tuesday, said the head of the company that owns the facility, as the city state tries to curb its reliance on piped natural gas.

  • *Asian shares rise as U.S., China activity picks up. LONDON, date- European shares dipped and the euro held near 3 1/ 2- month lows against the dollar on Tuesday ahead of euro zone inflation data that is expected to bolster the case for the European Central Bank to ease monetary policy later this week.

  • European shares pause for breath ahead of data, ECB Tuesday, 3 Jun 2014 | 4:29 AM ET

    *FTSEurofirst 300 down 0.1 pct, Euro STOXX 50 flat. LONDON, June 3- European stocks gave up some of their recent gains on Tuesday ahead of inflation and unemployment data from the euro zone and Thursday's hotly anticipated European Central Bank meeting.

  • BEIJING, June 3- China has begun levying an anti-dumping tax on a chemical imported from the European Union and the United States, the Commerce Ministry said on Tuesday, the latest in a string of issues that could fuel rising trade tensions.

  • HONG KONG, June 3- Hong Kong shares reached their highest close in five months, lifted by Chinese manufacturing surveys which reinforced hopes that China's economy may be improving after a few rough months. Agricultural Bank of China climbed 3.8 percent, while Industrial and Commercial Bank of China added 2.0 percent.

  • *Eyes on EZ inflation reading at 0900 GMT. LONDON, June 3- The euro struggled near recent lows on Tuesday, before euro zone inflation numbers that are expected to highlight declining price pressures in the region and bolster the case for aggressive monetary stimulus from the European Central Bank.

  • *Adviser says China to introduce absolute cap from 2016. BEIJING, June 3- China, the world's biggest emitter of climate-changing greenhouse gases, will set an absolute cap on its CO2 emissions from 2016, a top government adviser said on Tuesday.

  • BANGKOK, June 3- An index of consumer confidence in Thailand jumped in May on hopes a military government that seized power promising to impose order after months of political chaos will drag the economy back from the brink of recession.

  • European shares inch down ahead of data Tuesday, 3 Jun 2014 | 3:20 AM ET

    LONDON, June 3- European shares gave up some of their recent gains in early trade on Tuesday ahead of fresh inflation and unemployment data from the eurozone.

  • China shares end down after PMI surveys, Yili drags Tuesday, 3 Jun 2014 | 3:08 AM ET

    HONG KONG, June 3- China shares ended weaker on Tuesday, with Yili, one of the country's biggest milk powder makers, extending losses and being the biggest drag for both indexes. Inner Mongolia Yili Industrial Group tumbled 7.8 percent, closing at its lowest since June 28, 2013.

  • PARIS, June 3- France's foreign minister said on Tuesday his country would defend the interests of bank BNP Paribas after sources said it faced the prospect of a $10 billion- plus fine from the United States, saying such a penalty was "unreasonable."

  • JAKARTA, June 3- Newmont Mining Corp said it has halted copper concentrate production at its Batu Hijau mine in Indonesia as a deadlock continues over controversial mining rules that have halted concentrate exports since mid-January. Newmont and fellow U.S. miner Freeport McMoRan Copper& Gold Inc account for 97 percent of Indonesia's copper output.

  • China plans absolute CO2 cap from 2016 Tuesday, 3 Jun 2014 | 2:49 AM ET

    BEIJING, June 3- China, the world's biggest emitter of climate-changing greenhouse gases, will set an absolute cap on its CO2 emissions from 2016, a top government adviser said on Tuesday.

  • Apple allows 'approved' virtual currencies in Apps Tuesday, 3 Jun 2014 | 2:43 AM ET

    June 3- Apple Inc will let software developers include virtual-currency transactions in their applications, paving the way for new forms of money to appear on iPhones and iPads.

  • BEIJING, June 3- China's factory and services sectors had their best showings in months in May as demand rebounded, surveys showed, fueling optimism that its economy may be steadying after a weak start to the year. The survey results augur well for China's monthly economic data that will be released from June 8, and gave a fillip to Asian stock markets.

  • TOKYO, June 3- Asian shares rode higher on Tuesday, supported by solid U.S. and Chinese data, while the euro dragged its feet near a 3 1/ 2- month low on expectations of fresh monetary easing by the European Central Bank. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent, nearing a one-year high hit last week.

  • *India keeps policy repo rate at 8 pct. MUMBAI, June 3- India's central bank kept its key policy rate on hold on Tuesday, but eased rules to spur bank lending in a move set to be welcomed by the new pro-business government as it seeks to revive economic growth.

  • TOKYO, June 3- Japan's Nikkei share average closed at a fresh two-month high after investors took heart from upbeat U.S. manufacturing data, while the weaker yen spurred buying in exporters and index-heavyweight stocks such as SoftBank Corp. The Nikkei ended 0.7 percent higher at 15,034.25, the highest closing level since April 4.