GO
Loading...

Latest Business News Wires - Business Headlines

More

  • *MSCI All-Country World index hits 6- month low. LONDON, Oct 10- Shares across the world fell sharply on Friday, pushing a global index to a six-month low, as investors worried about the prospect of a widespread economic slowdown while U.S. monetary stimulus nears its end. Assets which depend on economic growth, such as shares and oil, have been hit by a raft of weak...

  • MOSCOW, Oct 10- South Korean shipbuilder Samsung Heavy Industries plans to build three Arctic tankers for Russian oil company Gazprom Neft, which has been targeted by Western sanctions, sources familiar with the deal said. The tankers will be bought by Gazprom Neft's Austria- based subsidiary Gazprom Neft Trading, one of the sources told Reuters.

  • BANGALORE, Oct 10- Infosys Ltd wants to revive growth through automation and artificial intelligence, its chief executive said on Friday, boosting investors' confidence in India's second largest IT exporter after it posted a forecast-beating quarterly profit. Chief Executive Vishal Sikka was brought in earlier this year to chart a new strategy for Infosys,...

  • *Brent falls nearly $2; WTI down over $2 to lowest since 2012. U.S. crude also slumped nearly $2 to hit its lowest since 2012, ratcheting up pressure on OPEC to slash output to rescue prices in the face of slow demand. We are now in uncharted territory, so anything could happen, "said Carsten Fritsch, commodities analyst at Commerzbank, adding that without some action...

  • *Australia's coal miners defy supply glut. Glencore Plc, one of Australia's biggest miners, estimates up to a third of Australia's coal sector is running at a loss, yet collieries are flooding countries such as China and Japan with million of tonnes of coking coal used to make steel and thermal coal to generate power. Many companies were facing a balancing act on...

  • HONG KONG, Oct 10- China is considering setting up a fund to subsidise some refined lead makers that use recycled lead-acid batteries to produce the metal, three industry sources said. China's government this year launched a "war against pollution", trying to reverse the damage of decades of untrammelled economic growth. Chinese authorities including the...

  • *Lipper data shows weekly outflows from Europe stocks. Chip makers featured among the biggest losers, with Infineon down 4.9 percent and STMicroelectronics down 3.7 percent after a sales warning from U.S.-based Microchip. Microchip cut its forecast for fiscal second-quarter results, after experiencing subdued sales in September, especially in China, a...

  • SHANGHAI, Oct 10- Hong Kong shares tumbled nearly 2 percent on Friday on weakness in global equity markets plus jitters over a possible flare-up in pro-democracy protests in the city. The China Enterprises Index of the top Chinese listings in Hong Kong fell 1.7 percent. The financial sector fell, erasing gains from Thursday, with Industrial and Commercial Bank...

  • KUALA LUMPUR, Oct 10- Malaysia sees economic growth holding steady at 5.0 to 6.0 percent in 2015, despite expectations that domestic demand will be dampened by reduced fuel subsidies and the introduction of a new sales tax. The forecast, alongside an estimate of 5.5 to 6.0 percent growth for this year, was given in the government's 2014/ 2015 economic report,...

  • PARIS, Oct 10- European shares dropped early on Friday, extending their recent pull-back and tracking steep losses in equity markets worldwide spurred by mounting worries over the pace of global growth. At 0703 GMT, the FTSEurofirst 300 index of top European shares was down 0.9 percent at 1,302.37 points, hitting a level not seen since early August.

  • SHANGHAI, Oct 10- China shares ended down on Friday, ahead of September economic data and as there was resistance with the Shanghai benchmark not far from the level of 2,400 points. The Shanghai Composite Index unofficially fell 0.6 percent to 2,374.61 points while the CSI300 of the leading Shanghai and Shenzhen A-share listings dropped 0.6 percent.

  • *China to publish GDP data on Oct 21. BEIJING, Oct 10- China's economy likely grew at its weakest pace in more than five years in the third quarter as a property downturn weighed on demand, a Reuters poll showed, raising the chances of more aggressive policy steps that may include cutting interest rates. The government is due to release September data on trade, bank...

  • MOSCOW, Oct 10- Russia's rouble currency slid at the opening and Moscow- listed shares dropped sharply on Friday, weighed down in part by a sharp fall in oil prices and global growth worries. Weaker prices for oil, one of Russia's chief exports, were a major drag on both the currency and stocks in early trade, with the two major Russian stock indexes down over 1 percent.

  • TOKYO, Oct 10- Japan's Nikkei share average fell for a fourth straight day on Friday, hitting a two-month low on concern about the global economy, and falling crude oil prices hurt oil shares. Oil shares underperformed, with Inpex Corp falling 4.9 percent, while Japan Petroleum Exploration Co fell 1.8 percent after Brent crude futures tumbled nearly $2 to below...

  • RUSSIAN ROUBLE WEAKENS BEYOND 45.00 ROUBLES PER DOLLAR-EURO BASKET.

  • MOSCOW, Oct 10- Russia's central bank said on Friday it had conducted 60.01 billion roubles' worth of forex interventions to defend the rouble on Oct. 8. The central bank releases its interventions data with a two-day lag. The rouble has been sliding on falling oil prices and broad risk aversion towards Russia because of its role in the Ukraine crisis.

  • RUSSIAN CENTRAL BANK SAYS CONDUCTS 60.01 BLN ROUBLES WORTH OF FOREX INTERVENTIONS TO DEFEND THE ROUBLE ON OCT. 8.

  • TOKYO, Oct 10- Japanese government bond prices edged down on Friday as participants locked in profits before a three-day weekend. The Tokyo financial markets will be closed on Monday for a public holiday. A slide by Tokyo stocks helped limit losses by JGBs.

  • Many investors fear that the U.S. economy- the world's largest, but comprising less than a quarter of the entire global economy- cannot escape unscathed when Europe is stalling and many other big economies, including China, Japan and Brazil, face their own hardships. But the degree of recovery varies quite a lot from country to country, "Japanese Finance Minister...

  • SYDNEY, Oct 10- The former head of China's Hanlong Mining Investment Pty Ltd is being held in custody in Australia on Friday after being extradited from Hong Kong to face more than 100 insider trading charges linked to company takeovers. Hui Xiao, also known as Steven Xiao, is facing 104 charges of trading on inside information linked to Hanlong's 2011 takeover...