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Latest Business News Wires - Business Headlines

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  • *Weaker oil demand growth in China and Europe- IEA. LONDON, Sept 12- Brent crude oil held above $98 a barrel on Friday as the market rebounded from a two-year low but concerns over weak demand and plentiful supplies, plus a strong dollar, continued to weigh on prices.

  • Sept 12- Scotland will vote on Sept. 18 on whether to become an independent country, ending a 307- year union with England and splitting from the rest of the United Kingdom. >British banks warn they'll head south if Scotland quits UK. >BoE says Scotland would need big reserves to keep the pound.

  • MOSCOW, Sept 12- The Russian Central Bank left its key interest rates on hold at a regular meeting on Friday, signalling it is more worried about the sanctions-hit economy than high inflation which remains above the bank's target. The decision keeps the bank's central policy rate, the one-week minimum auction repo rate, at 8 percent, and was broadly expected.

  • In Scotland, everybody's talking about it Friday, 12 Sep 2014 | 4:56 AM ET

    EDINBURGH, Sept 12- Calum Lykan and James Costorphine work across the street from each other on Edinburgh's cobble-stoned Royal Mile and they also stand on opposite sides on the question of Scottish independence.

  • DUSHANBE, Sept 12- President Vladimir Putin called on Friday for new efforts to strengthen cooperation with China and ex-Soviet republics in Central Asia after the European Union tightened sanctions on Russia over the Ukraine crisis.

  • *BAT unit working with Kind Consumer, Consort Medical. LONDON, Sept 12- A new nicotine inhaler to be sold by a unit of British American Tobacco has been licensed in the UK as a medicinal product, marking the arrival of a novel alternative in the fast-growing market for electronic cigarettes.

  • LONDON, Sept 12- Spanish bond yields edged up for a fifth straight day on Friday, on track for their biggest weekly rise since mid-2013 on investor nervousness that Catalan separatists could gain momentum from Scotland's independence bid.

  • UPDATE 1-Pistorius found guilty of culpable homicide Friday, 12 Sep 2014 | 4:33 AM ET

    PRETORIA, Sept 12- Oscar Pistorius was convicted of culpable homicide on Friday, having escaped the more serious charge of murder for the killing of his girlfriend, and the Olympic and Paralympic track star could face a lengthy prison sentence.

  • MOSCOW, Sept 12, 2014- Late last month Yelena Tumanova was handed the body of her son in a coffin at her home in Russia's Western Volga region. The documents Yelena Tumanova was given with the body raised more questions than they answered- questions about how her son died and about the Russian government's denials that its troops are in Ukraine.

  • MOSCOW, Sept 12- Russian stocks rebounded on Friday as investors concluded that the market had over-reacted to new European Union sanctions against Moscow over the Ukraine crisis, but the rouble hit a new record low against the dollar.

  • GLOBAL MARKETS-Dollar heads for best run in 17 years Friday, 12 Sep 2014 | 4:28 AM ET

    *Tokyo shares highest since 2008, other markets cautious. LONDON, Sept 12- The U.S. dollar headed for its ninth straight week of gains on Friday, some measure of how the economic fortunes of the United States and its major economic peers are diverging after six years of financial turmoil.

  • *Sterling steadies after latest Scotland poll. LONDON, Sept 12- The dollar index headed for its longest winning streak since 1997 on Friday, as the greenback hit a six-year peak against the yen on growing expectations that the U.S.

  • Sept 12- Activist investor Starboard Value LP continued to pile pressure on Darden Restaurants Inc, suggesting an action plan to boost the Olive Garden owner's value, the Wall Street Journal reported.

  • PARIS, Sept 12- Shares in bid target Club Mediterranee were suspended on Friday after traders said shares worth about 9 percent of the holidays operator changed hands overnight and a source told Reuters a last-minute counter offer was being prepared. Exchange operator Euronext said on friday that shares in Club Med were suspended at the regulator's request.

  • Sept 12- Precious metals miner Fresnillo Plc said it would buy Newmont Mining Corp's 44 percent stake in their Mexico joint venture mines for $450 million in cash, increasing its exposure to gold mining in the country.

  • *FTSEurofirst 300 up 0.1 pct, Euro STOXX 50 up 0.1 pct. *Aveva tumbles after warning about currency impact. PARIS, Sept 12- European shares inched higher early on Friday but remained in a tight range, as investors refrained from taking strong bets on stocks ahead of Scotland's referendum and the U.S.

  • *Russia says air strikes would be aggression. BEIRUT, Sept 11- By striking Islamic State in Syria, the United States would be weakening one of President Bashar al-Assad's major enemies. The U.S. strategy for tackling Islamic State in Syria is unlikely to yield quick results.

  • PARIS, Sept 12- European shares inched higher early on Friday but remained in a tight range, as investors refrained from taking strong bets on indexes ahead of Scotland's referendum and the U.S. At 0705 GMT, the FTSEurofirst 300 index of top European shares was up 0.2 percent at 1,386.54 points, after losing 0.1 percent on Thursday.

  • *China, Europe oil demand growth slows at remarkable- IEA. SINGAPORE, Sept 12- Brent crude held above $98 a barrel on Friday, heading for its worst week in six as concerns over weak demand outweighed geopolitical worries in the Middle East and Ukraine.

  • HONG KONG, Sept 12- China shares rose on Friday, as August lending data helped ease some growth fears and two shipbuilding conglomerates led gains on reforms in that industry. Among top index boosts, China Shipbuilding Industry soared 5.1 percent and China CSSC Holdings surged by the 10 percent daily limit.