Latest Business News Wires - Business Headlines


  • VANCOUVER, Sept 11- Chinese investors' global hunt for prime real estate is helping drive Vancouver home prices to record highs and the city, long among top destinations for wealthy mainland buyers, is feeling the bonanza's unwelcome side-effects.

  • BAGHDAD/ DUBAI, Sept 11- Sometimes they came pretending to buy things. Months before they took control of the Iraqi city of Mosul in June, Islamic State militants were already busy collecting money to finance their campaign of setting up a 7th century-style caliphate.

  • China shares rebound on financials, bolster Hong Kong Thursday, 11 Sep 2014 | 12:59 AM ET

    *China software firms jump, leading tech-sector gains. HONG KONG, Sept 11- China shares regained momentum on Thursday and hit fresh multi-month highs, lifting a sluggish Hong Kong market, supported by recovering banks and brokerage companies. The China Enterprises Index of the top Chinese listings in Hong Kong was flat.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Sept 11- When the best thing you can say about new policies is that they aren't as bad as they could have been, then you know your industry is in deep trouble.

  • SHANGHAI, Sept 11- About 16,000 workers at two subsidiaries of Taiwanese touch-screen maker Wintek Corp went on strike over holiday benefits this week in southern China in one of the biggest work stoppages this year, the Xinhua news agency reported.

  • *OPEC predicts 1 million bpd supply surplus in 2015. *WTI could drop to $85 a barrel- Ayers Alliance. An escalation in the United States' campaign against Islamic State militants with plans for air strikes for the first time in Syria and more attacks in Iraq have raised fears of reprisals, said Tony Nunan, oil risk manager at Japan's Mitsubishi Corp..

  • WASHINGTON, Sept 11- U.S. foreclosure activity jumped in August for the second consecutive month as banks started the process on more properties and scheduled more housing auctions, industry firm RealtyTrac said on Thursday.

  • *Dollar near 6- year high vs yen. SYDNEY/ TOKYO, Sept 11- The U.S. dollar held near a six-year peak against the yen early on Thursday and powered to a seven-month high on its New Zealand peer, which fell after the country's central bank said the kiwi's current level was "unjustified and unsustainable".

  • China misses out on first wave of new iPhone releases Wednesday, 10 Sep 2014 | 11:28 PM ET

    BEIJING, Sept 11- Consumers in China, who represent an increasingly critical pillar of Apple Inc's business, will not be able to buy the new iPhone 6 as part of the first wave of buyers around the world this month.

  • China's yuan falls slightly on c.bank guidance Wednesday, 10 Sep 2014 | 11:06 PM ET

    HONG KONG, Sept 11- China's yuan fell slightly against the dollar on Thursday, guided by a weaker midpoint set by the central bank to reflect strength in the global dollar index. The People's Bank of China fixed the midpoint at 6.1453 per dollar prior to market open, down 0.05 percent from the previous day's 6.1425.

  • SYDNEY, Sept 11- Australian employment surged by the most on record in August and far beyond the most optimistic forecast, on the face of it a stunningly strong report that should calm recent concerns about the health of the economy.

  • WASHINGTON, Sept 10- The U.S. Navy's planned unmanned plane for use on aircraft carriers should eventually be able to take on additional roles besides just surveillance, Navy Secretary Ray Mabus said on Wednesday.

  • BEIJING, Sept 11- China's consumer inflation cooled more than expected in August, further evidence after a fall in imports that the economy is losing momentum, but giving policymakers room for more stimulus measures if needed.

  • TOKYO, Sept 11- Japan's Nikkei share average rose to a near eight-month high on Thursday morning as the weak yen lifted sentiment ahead of a meeting later in the day between the central bank governor and prime minister fuelled expectations for additional easing.

  • BEIJING, Sept 11- China's annual consumer inflation slowed more than expected to 2 percent in August, data showed on Thursday, further evidence that the economy is cooling but giving more room to policymakers for further stimulus measures if needed.

  • Obama told Americans in a speech late on Wednesday that he had authorized U.S. air strikes for the first time in Syria and more attacks in Iraq in a broad escalation of a campaign against the Islamic State militant group.

  • FACTBOX-Hong Kong's electoral process Wednesday, 10 Sep 2014 | 9:18 PM ET

    Sept 11- China's rubber-stamp parliament on Aug. 31 endorsed the framework for Hong Kong's first direct leadership election, due in 2017. It says a 1,200 person nominating panel will vet candidates, who must be "patriots".

  • WASHINGTON, Sept 10- The U.S. government is continuing to advocate for the Patriot missile defense system offered by Raytheon Co and Lockheed Martin Corp in a Turkish tender after Turkey cited disagreements with the Chinese firm that initially won the bid, a senior U.S. official said on Wednesday.

  • BRASILIA, Sept 10- Brazilian President Dilma Rousseff has recovered support and would run a tight race with opposition candidate Marina Silva if October's election leads to a runoff vote, polls published on Wednesday showed.

  • TOKYO, Sept 11- Japan's prime minister will meet the head of the central bank on Thursday to exchange of views on the economy, sources with knowledge of the meeting said, amid lingering worries over a prolonged drop in consumption after an April sales tax hike.