Latest Business News Wires - Business Headlines


  • LONDON, April 29- European stocks rose on Tuesday, as optimism surrounding corporate earnings and merger moves eclipsed the crisis in Ukraine, while rising euro zone money market rates and strong German consumer confidence supported the euro.

  • BEIJING, April 29- Hong Kong shares ended up sharply on Tuesday, fuelled by a late afternoon rally in shares on the mainland and a rebound in telecom operators such as China Unicom which hit a near four-month high. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong was up 1.2 percent.

  • MOSCOW, April 29- Russian shares rebounded further on Tuesday morning, reflecting investors' relief that new western sanctions against Russia over Ukraine were less steep than many had feared. "The new sanctions have caused a sigh of relief," Golden Hills Capital analyst Natalia Samoilova said in a morning note.

  • *Infineon, Nokia lead rally in tech shares after results beat. LONDON, April 29- European shares rose on Tuesday, led by tech shares as estimate-topping results from chipmaker Infineon and telecommunication gear maker Nokia brightened the outlook for the sector.

  • MOSCOW, April 29- Russian finance minister Anton Siluanov said he sees no immediate impact on Russia's high tech companies from U.S. sanctions imposed on Monday.

  • *Asian session subdued with Japan shut for holiday. LONDON, April 29- The euro inched up against the dollar on Tuesday, helped by comments from European Central Bank policymakers cooling any expectations the bank will respond to low inflation by easing monetary conditions further.


  • April 29- Carl Icahn and William Ackman, who clashed on their views about nutrition company Herbalife Ltd, could team up on activist investments in future, the Wall Street Journal reported. Neither Ackman's Pershing Square Capital Management hedge fund, nor Icahn Enterprises LP could be reached for comment outside regular U.S. business hours.

  • China labour activist held over online "disturbance" Tuesday, 29 Apr 2014 | 3:16 AM ET

    The move is the latest sign that authorities in China have been shaken by recent labour unrest such as a 2- week strike by workers at Yue Yuen Industrial Holdings, a $5.6 billion manufacturer of footwear for Nike Inc, Adidas AG and other international brands.

  • European shares rise early; Nokia surges Tuesday, 29 Apr 2014 | 3:09 AM ET

    PARIS, April 29- European shares rose in early trading on Tuesday, with telecom gear maker Nokia surging 5.5 percent after unveiling plans to return $3.1 billion to shareholders via buybacks and extra dividends.

  • China shares halt losing streak on solid earnings Tuesday, 29 Apr 2014 | 3:08 AM ET

    BEIJING, April 29- China's two main indexes broke four-day losing streaks on Tuesday, as a strong earnings report from insurance giant Ping An spurred solid gains. Ping An Insurance Group of China Co Ltd had a strong impact on both indexes after it reported a 46 percent rise in first-quarter profit, sending its shares up 2.6 percent.

  • LONDON, April 29- British oil firm BP raised its quarterly dividend and said further share buy-backs were on the cards as it posted quarterly profit slightly above forecasts despite difficulties in Russia. BP has said repeatedly that it will stand by its investments in Russia since Moscow's intervention in Ukraine.

  • *Q1 sales fall 2.7 pct to 7.84 bln eur, EPS 1.17 eur. PARIS, April 29- French drugmaker Sanofi reported lower-than-expected first-quarter earnings on Tuesday and said it would not let an M&A buzz in the sector distract it from its strategy of targeted, reasonably priced acquisitions.

  • LONDON, April 29- U.S. handset maker Cirrus Logic Inc is to buy British microchip maker Wolfson Microelectronics for an agreed 291 million pounds to boost its audio division, the two firms said on Tuesday.

  • MOSCOW, April 29- Russia's pipeline gas export monopoly Gazprom posted a 7 percent drop in 2013 net profit on Tuesday to 1.139 trillion roubles, in line with forecasts, on the back of a weaker rouble.

  • *Samsung slips on earnings news, LG Electronics fares better. SYDNEY, April 29- Asian share markets put in an indecisive performance on Tuesday as caution ahead of some major events this week overshadowed a late rally on Wall Street, though futures pointed to opening gains for European stocks.

  • *Markets get the message no BOJ easing imminent Wavering BOJ board members gaining confidence in deflation fight. TOKYO, April 29- Rising prices for budget haircuts and bowls of beef and rice are helping Bank of Japan Governor Haruhiko Kuroda win over doubters in his own ranks of his ambitious drive to cast off deflation.

  • MOSCOW, April 29- Russian shares rose on their opening on Tuesday, a day after a new round of sanctions were imposed by the West on Russian companies and individuals. Russia's main indexes, the rouble-traded MICEX and the dollar-denominated RTS index, both rose in early trading, up 1.8 percent and 1.1 percent respectively.

  • LONDON, April 29- British oil firm BP posted quarterly profit slightly above forecasts and upped its dividend for the second time in six months, in line with a pledge made earlier this year to focus on returning more cash to shareholders.