GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Brent reached a low of $91.25 on Monday, its weakest since June 2012 and down from a high above $115 in June, as plentiful supplies of high quality, light crude oil outweighed demand in the Atlantic basin and Asia. Brent was down 40 cents at $92.39 a barrel by 0835 GMT. A supply glut in several markets has overwhelmed worries over a potential impact on oil output of...

  • U.S. prosecutors are also discussing plans to force Deutsche Bank to plead guilty to attempting to manipulate Libor, the interest rate benchmark that underpins trillions of dollars in mortgages, derivatives and consumer credit, the New York Times reported separately, citing legal sources. Deutsche Bank is two years into a turnaround plan launched in 2012...

  • TAIPEI, Oct 7- Taiwan's September exports expanded only half as much as expected, data showed on Tuesday, as weakness in some industrial sectors and stagnant demand from the euro zone offset the dividends from new product launches by Apple Inc. Exports in September grew 4.70 percent from a year earlier, the island's Ministry of Finance said, versus expectations...

  • TOKYO, Oct 7- Bank of Japan Governor Haruhiko Kuroda stressed his resolve to maintain massive stimulus for a prolonged period but shrugged off the need to expand it soon, remaining upbeat on the outlook despite signs the economy may be in a mild recession. Kuroda also stuck to his view that a weak yen is positive for Japan's economy. As widely expected, the BOJ...

  • "Industrial production is currently going through a weak phase... but the current decline is exacerbated by holiday effects," Germany's Economy Ministry said in a statement. Asian shares had made minor gains overnight but the weak data saw European bourses jolt lower, led by a 0.7 percent drop on Germany's Dax which has now lost 7.5 percent in the last three weeks.

  • Hong Kong shares rise again as street protests fade Tuesday, 7 Oct 2014 | 4:15 AM ET

    HONG KONG, Oct 7- Hong Kong shares finished higher for a third day in a row on Tuesday, with investor confidence recovering as pro-democracy demonstrations eased in the wake of a meeting between protest leaders and government officials. The leading percentage winner among H-shares was China Cinda Asset Management Co, which spiked 4.5 percent after Goldman...

  • LONDON, Oct 7- Brent crude oil steadied below $93 a barrel on Tuesday, consolidating after hitting a 27- month low, as worries over abundant supply were balanced by a weaker U.S. dollar. Brent reached a low of $91.25 on Monday, its weakest since June 2012 and down from a high above $115 in June as plentiful supplies of high quality, light crude oil outweighed demand in...

  • Pan Pacific Copper, Japan's biggest copper smelter and a unit of JX Holdings Inc, said on Monday it was aiming for a 5- percent increase in its refined copper output for the second half of the financial year that ends March 31, 2015. "We expect sound demand for reconstruction in northeastern Japan which was ravaged by the giant earthquake and tsunami, and for...

  • *McDonald's Japan forecasts 2014 net loss of 17 bln yen. The announcement brought further gloom for McDonald's Corp, which holds 49.9 percent of McDonald's Japan, and has been struggling globally with falling sales. "Customers have expressed a lack of confidence in our food quality, and I take responsibility for that," McDonald's Japan Chief Executive Sarah...

  • LONDON, Oct 7- The yen rose on Tuesday after Japanese Prime Minister Shinzo Abe spoke about the disadvantages of a weaker currency, with its gains against the euro also driven by a sharp drop in German industrial output. Giving the yen another boost were comments from Bank of Japan Governor Haruhiko Kuroda, who told a news conference there was no need to adjust...

  • Exports, which are equivalent to more than 60 percent of the economy, are struggling due to slower-than-expected recoveries in the country's key markets and declining commodity prices, said a joint business group of the Thai Chamber of Commerce, the Federation of Thai Industries and the Thai Bankers' Association. "Exports are likely to be negative this year,...

  • European shares fall; Rio surges on M&A news Tuesday, 7 Oct 2014 | 3:16 AM ET

    PARIS, Oct 7- European shares slipped in early trading on Tuesday as data showing Germany's industrial output falling far more than expected spooked investors, although losses were limited by a rally in mining shares boosted by M&A news. Rio said it rejected a merger approach from smaller rival Glencore to create a $160 billion mining and trading giant.

  • *Government says economy at' downward turning point'. TOKYO, Oct 7- Japan's index of coincident economic indicators worsened in August, prompting the government to downgrade its assessment of the index to a level signalling the economy may be in recession as it suffers from damage caused Worries about Prime Minister Shinzo Abe's economic strategies of massive...

  • Pan Pacific Copper, Japan's biggest copper smelter and a unit of JX Holdings Inc, said on Monday it was aiming for a 5- percent increase in its refined copper output for the second half of the financial year that ends March 31, 2015. PPC, which exports about 45 percent of its production, also sees firm demand for exports to China and Southeast Asia, he said.

  • SINGAPORE, Oct 7- The dollar slipped versus the yen on Tuesday, reversing its earlier gains after Japanese Prime Minister Shinzo Abe reflected upon the demerits of a weaker yen on the economy. The dollar slipped 0.2 percent to 108.62 yen, down from an intraday high of 109.25 yen and pulling away from a six-year high of 110.09 yen set last Wednesday ahead of Friday's...

  • BERLIN, Oct 7- German industrial output fell far more than expected in August and posted its biggest drop since the financial crisis in early 2009, Economy Ministry data showed on Tuesday, the latest figures to raise question marks about Europe's largest economy. "You can tell that companies' uncertainty is slowly feeding through to hard data," said Stefan Kipar...

  • The lacklustre mood was seen spreading to Europe, where financial spreadbetters expected Britain's FTSE 100 to open 1 to 3 points higher, or up 0.05 points; Germany's DAX to open 35 points lower, or down 0.4 percent; and France's CAC 40 to open 11 to 12 points lower, or down 0.3 percent. MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.3...

  • SINGAPORE, Oct 7- Brent crude slipped further away from $93 a barrel on Tuesday and partially erased the previous session's gains, with concerns about abundant supply outweighing the positive boost to prices from the U.S. dollar's recent weakness. The rally in oil prices on Monday was a short-term reaction to the fall in the dollar, said Ric Spooner, chief market...

  • Nikkei falls as yen bounces back, BOJ stands pat Tuesday, 7 Oct 2014 | 2:26 AM ET

    TOKYO, Oct 7- Japanese stocks slipped on Tuesday as the yen rebounded from lows and real estate and financial shares gave up gains after the Bank of Japan stood pat on policy, even though that stance was largely expected. The yen extended gains after a sharp rebound the previous day to trade at 108.62 yen to the dollar, compared to a six-year low of 110.09 hit last week.

  • By Leika Kihara and Stanley White. TOKYO, Oct 7- The Bank of Japan on Tuesday maintained its massive asset buying programme but offered a bleaker view on factory output, following signs that the world's third-largest economy was hit harder than expected by a sales tax increase in April. BOJ Governor Haruhiko Kuroda maintained that optimism earlier in the day,...