Latest Business News Wires - Business Headlines


  • AGENUS BRAIN CANCER VACCINE NEARLY DOUBLES SURVIVAL RATE IN. July 1- Agenus Inc said its experimental cancer vaccine helped brain tumor patients live nearly twice as long compared with those who received standard of care treatment.


  • CAPE CANAVERAL, Fla., July 1- The launch of an unmanned Delta 2 rocket from Vandenberg Air Force Base in California was called off less than a minute before liftoff on Tuesday when the pad's water system failed, a live NASA Television broadcast showed.

  • WASHINGTON, July 1- The U.S. Supreme Court has opened up a new front in the battle over corporate rights by ruling that family-owned and other closely held corporations can mount religious objections to government action.

  • LONDON, July 1- Sweden's renewable energy support scheme is compatible with European Union law, the EU's top court said on Tuesday, in a ruling that means member states will avoid a radical overhaul of their renewable energy laws.

  • BERLIN, July 1- German Finance Minister Wolfgang Schaeuble said on Tuesday his country would not hesitate to back economic sanctions against Russia, despite the impact on the German economy, if it continues to break international law in Ukraine.

  • *Manufacturing picks across Asia, South Korea lags. LONDON/ TOKYO, July 1- Manufacturing activity in Asia's industrial powerhouses China and Japan gained pace in June, fuelled by improving demand at home, but euro zone growth faltered as main motor Germany slowed.

  • July 1- Dov Charney, who was ousted as American Apparel Inc's chairman and chief executive last month, said he has increased his stake in the apparel retailer to 42.98 percent. The former CEO, already the biggest shareholder in American Apparel with a 27.2 percent stake, said the increased stake reflected his holding as of last Friday.

  • LONDON, July 1- Zinc's on a roll again. On the London Metal Exchange three-month zinc has this week hit a 16- month high of $2,222 per tonne, eclipsing a first-quarter rally which stalled just shy of the $2,150 mark.

  • SHANGHAI, July 1- The Shanghai government has shortened its list of sectors where foreign investment is to be banned or restricted in the new Shanghai free trade zone, but the changes show only a slight relaxation for foreign entrance into the Chinese markets.

  • LONDON, July 1- The rouble fell nearly 1 percent to its lowest in a week and Russian stocks dropped on Tuesday after a ceasefire ended in Ukraine, while Dubai stocks bounced from five-month lows as investors stepped in to buy cheaper stocks.

  • BRUSSELS, July 1- The European Parliament elected on Tuesday to keep Martin Schulz as its president for another two and half years, backing a combative social democrat who has fought for more power for the EU legislature. Of 612 valid votes cast in Strasbourg, 409 were in favor of Schulz, said the parliament's interim president, Gianni Pittella.

  • MOSCOW, July 1- Russian aluminum giant Rusal has approval for a $3.6 billion debt restructuring deal from another of its creditors German financial services provider Portigon AG, two sources familiar with decision said. The deal has yet to be approved by one creditor- Britain's part-nationalized lender Royal Bank of Scotland, one source told Reuters.

  • Russian economic growth too low - central bank Tuesday, 1 Jul 2014 | 6:18 AM ET

    ST PETERSBURG, Russia, July 1- Economic growth in Russia is too low and is putting the country in a difficult situation, Central Bank Governor Elvira Nabiullina said on Tuesday. "Even 1 percent is very little," Nabiullina said. "This means that the quality of our economic growth will only just be in positive territory."

  • NEW YORK/ WASHINGTON/ PARIS, July 1- French bank BNP Paribas has pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve accusations that it had violated U.S. sanctions against Sudan, Cuba and Iran, in a severe punishment aimed at sending a clear message to other financial institutions around the world.

  • *Gold hits highest since late March at $1,332.10/ oz. LONDON, July 1- Gold steadied above $1,325 an ounce on Tuesday as some buyers cashed in gains after the metal's earlier rally to three-month highs, but prices remained supported by dollar weakness and unrest in Ukraine and the Middle East.

  • MOSCOW, July 1- Russia's central bank governor said on Tuesday that Russia and China were close to reaching an agreement on conducting swap operations in roubles and yuan to enhance bilateral trade.

  • SHANGHAI, July 1- A Chinese bank is suing a local government financing vehicle over a bad loan in a rare public display of a deepening rift between lenders and borrowers in China's murky $3 trillion local debt market.

  • LOS ANGELES, July 1- Rupert Murdoch jets into Idaho's Sun Valley next week for the year's most exclusive tech and media industry gathering, armed with both the money and the appetite for a major deal.

  • BRUSSELS, July 1- Euro zone unemployment was stable for the second consecutive month in May at 11.6 percent, official data showed on Tuesday, underlining that the recovery in the bloc is far from strong enough to spur solid job creation in all countries.