Latest Business News Wires - Business Headlines


  • SYDNEY, Jan 28- French bank BNP Paribas SA has been censured by Australian regulators after revealing its traders tried to influence the setting of the country's benchmark inter-bank interest rate, the latest in a string of scandals over global rates setting.

  • MADRID, Jan 28- Fund manager BlackRock has written to the Spanish stock exchange regulator asking it to recommend increases to the minimum number of independent appointees on the boards of companies in Spain's blue-chip index, Expansion reported on Tuesday.

  • TOKYO, Jan 28- Japanese government bond prices were mixed on Tuesday, with the benchmark 10- year yield inching lower, but activity was thin as investors braced for more stimulus withdrawal from the U.S.

  • TOKYO, Jan 28- Toyota Motor Corp plans to curb daily vehicle output in Japan by 15 percent in April from a year earlier as it adjusts for a dampening of demand from a national sales tax rise, a source familiar with its production plans said on Tuesday. The Nikkei business daily reported that Toyota planned to make around 12,000 vehicles daily in Japan in April.

  • FRANKFURT, Jan 28- German airline Lufthansa has contacted the former chief executive of Deutsche Telekom in its hunt for a new chief executive, German media reported on Tuesday.

  • HONG KONG, Jan 28- China shares eked out gains on Tuesday, buoyed by the Chinese banking sector after the central bank injected more cash and a trust firm agreed to a deal that averted a possible default for a wealth-management product.

  • UPDATE 1-Philips sees tough 2014 after weak Q4 orders Tuesday, 28 Jan 2014 | 1:57 AM ET

    Healthcare, the biggest of Philips' three businesses, reported a 1 percent dip in order intake in the quarter because of weak demand in its main markets, reflecting uncertainty over healthcare reforms in the United States and austerity measures in Europe.

  • TOKYO, Jan 28- Japan's Nikkei average fell to a fresh two-month low on Tuesday as investors stayed cautious before the Federal Reserve's policy meeting, while suppliers to Apple Inc took a hit after the tech giant's iPhone sales and revenue forecast fell short.

  • *Sentiment for nickel turning as Indonesia export ban lifts price. SYDNEY, Jan 28- Poseidon Nickel, the reincarnation of the company behind one of the most spectacular stock crashes in Australia, is in talks with investors to raise capital to help finance the development of a long-dormant nickel deposit as the outlook for the metal brightens.

  • VietJetAir to firm up order for Airbus jets - sources Tuesday, 28 Jan 2014 | 1:18 AM ET

    SINGAPORE, Jan 28- Low-cost Vietnam airline, VietJetAir, is set to firm up part of a $9 billion order for up to 92 Airbus aircraft and will announce this at the Singapore Airshow in February, sources familiar with the situation said.

  • Obama to lay out go-it-alone approach in big speech Tuesday, 28 Jan 2014 | 1:00 AM ET

    WASHINGTON, Jan 28- President Barack Obama will lay out a strategy for getting around a divided Congress and boosting middle-class prosperity on Tuesday in a State of the Union speech that reflects some scaled-back legislative ambitions after a difficult year.

  • JAKARTA, Jan 28- Indonesia will issue export quotas for processed minerals and concentrates soon, a senior mines ministry official said, the latest policy step tied to controversial government efforts to take greater control over shipments of its natural resources.

  • *Factory output down 6.1 y/y in Dec vs -10.6 pct in Nov. BANGKOK, Jan 28- Thai factory output dropped more than expected in December, adding to worry about how hard the country's political turmoil is hitting the economy and raising the chance of a interest rate cut this quarter. The Industry Ministry sees a 1.5-2.5 percent rise this year.

  • HONG KONG, Jan 28- The fund manager in charge of investing the Chinese government's foreign exchange reserves, who helped diversify its foreign asset portfolio away from U.S.

  • *OPEC can adjust output to any return of Libya, Iraq output- secgen. SINGAPORE, Jan 28- Brent futures rose to $107 a barrel on Tuesday as the steepest fall in three weeks prompted fresh buying, with concerns of turmoil in emerging economies and a slowdown in China keeping the gains in check.

  • Jan 28- Honda Motor Co last year exported more cars out of the United States than it imported into the country, claiming a first among major Japanese automakers.

  • Thai crisis unsettles investors, may deter new money Sunday, 26 Jan 2014 | 4:24 PM ET

    Long-term foreign investors say they are sticking with Thailand despite its political woes but the threat of worsening chaos may scare away new money.

  • 'Ride Along' rumbles to a second win at box office Sunday, 26 Jan 2014 | 1:36 PM ET
    Ice Cube attends the Philadelphia screening of the movie 'Ride Along' in Philadelphia.

    "Ride Along," a buddy cop comedy starring Kevin Hart and Ice Cube, raced to the top of the weekend box office charts for the second week in a row, collecting $21.2 million in ticket sales.

  • Tata Motors executive Slym dies in fall from hotel Sunday, 26 Jan 2014 | 10:06 AM ET
    Karl Slym, managing director of Tata Motors Ltd.

    Karl Slym, managing director of India's Tata Motors, died on Sunday after falling from a high floor of a hotel in Bangkok, the company said.

  • Michaels warns of possible payment card breach Saturday, 25 Jan 2014 | 2:32 PM ET
    Reusable shopping bags are displayed beneath a checkout counter at a Michaels craft store in Cincinnati, Ohio.

    Michaels, the biggest U.S. arts and crafts retailer, said on Saturday it is working with federal law enforcement officials to investigate a possible data breach on its systems that process payment cards.