Latest Business News Wires - Business Headlines


  • *Lack of Japan structural reforms frustrates investors. TOKYO, March 10- Japanese shares slipped from a five-week high on Monday morning as disappointing Chinese trade data and uncertainty over the crisis in Ukraine prompted investors to lock in recent gains.

  • *Tencent buys 15 pct stake in e-commerce firm JD.com for $215 mln. BEIJING, March 10- Tencent Holdings Ltd will buy a 15 percent stake in e-commerce firm JD.com for $214.7 million, as the two seek to challenge Alibaba Group Holding's dominant position in online shopping in China.

  • SYDNEY, March 10- Shanghai copper dropped by its 5 percent daily limit on Monday to its lowest in more than four years after weak Chinese trade data fanned concerns over its metals industry following the country's first domestic bond default last week.

  • SINGAPORE, March 10- U.S. crude futures slipped in early Asian trade on Monday, as data showing an unexpected fall in China's exports added to fears of a slowdown in the world's No. 2 economy, stoking demand growth concerns. But worries over supply disruptions due to geopolitical tensions in Ukraine and north African exporter Libya limited falls.

  • SINGAPORE, March 10- Here is a timeline of events in the disappearance of a Malaysia Airlines jetliner which vanished from radar screens on a flight from Kuala Lumpur to Beijing early on Saturday:. -Civil Aviation Authority of Vietnam says plane failed to check in as scheduled at 1721 GMT while flying over sea between Malaysia and Ho Chi Minh City.

  • TOKYO, March 10- Japan posted a record current account deficit in January and fourth quarter growth was revised down, heightening fears of a deepening economic slowdown amid soft exports and an expected chill in demand from an increase in the sales tax.

  • SINGAPORE, March 10- Gold edged lower for a second straight session on Monday after strong U.S. jobs data eased fears of an economic slowdown and dimmed the metal's safe-haven appeal.

  • WASHINGTON, March 9- Central bank efforts to become more predictable on future interest rate moves have smoothed out short-term upsets in financial markets but could also lead to excessive risk-taking, research from the Bank for International Settlements said on Sunday.

  • Japan Jan current account deficit widens to record Sunday, 9 Mar 2014 | 7:56 PM ET

    TOKYO, March 10- Japan's current account logged a record deficit in January, Ministry of Finance data showed on Monday, as a bulging trade deficit eats into the country's balance of payments. The deficit stood at 1.589 trillion yen, against economists' median estimate of a 1.4 trillion yen deficit.

  • Japan Q4 GDP revised down to +0.2 pct qtr/qtr Sunday, 9 Mar 2014 | 7:56 PM ET

    TOKYO, March 10- Japan's economy grew 0.2 percent in October-December from the previous quarter, government data showed on Monday, revised down from a preliminary 0.3 percent expansion due to slower growth in capital spending and private consumption. The result compared with the median forecast for a 0.3 percent expansion in a Reuters poll of economists.

  • NEW YORK, March 9- March 9 marks the five-year anniversary of the bottom for U.S. equities, the culmination of a 56.8 percent plunge in the S&P 500 from its previous record as the economy fell into its worst recession since the Great Depression. Category 2009 Now S&P market cap $6.14 trillion $17.49 trillion U.S. debt outstanding $10.95 trillion $17.47 trillion.

  • TOKYO, March 10- Asian stocks slipped in early trade on Monday and the dollar stepped back from its recent highs as disappointing Chinese trade data and uncertainty over the crisis in Ukraine kept risk appetite in check. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.2 percent, and Australian shares shed 0.5 percent.

  • March 9- United Rentals Inc, the world's largest equipment rental company, said on Sunday it had agreed to acquire privately held National Pump, the second-largest specialty pump rental company in North America, for $780 million.

  • SYDNEY, March 10- The yen rose across the board early on Monday as investors gave riskier currencies, such as the Australian dollar, a wide berth after China data fuelled worries about a slowdown in the world's second-biggest economy. It dropped to $0.9030 from $0.9065 late in New York on Friday and fell as much as 0.7 percent to 92.92 yen.

  • ROME, March 9- An ambitious Italian plan for tax cuts to be announced this week will respect European Union deficit limits, Prime Minister Matteo Renzi said on Sunday.

  • March 9- A U.S. judge overseeing litigation accusing Goldman Sachs Group Inc, JPMorgan Chase& Co, their warehousing businesses and the London Metal Exchange of conspiring to reduce the supply and increase the price of aluminum will allow for now three groups of plaintiffs to pursue separate lawsuits.

  • The 20 Freescale employees, among 239 people on flight MH370, were mostly engineers and other experts working to make the company's chip facilities in Tianjin, China, and Kuala Lumpur more efficient, said Mitch Haws, vice president, global communications and investor relations.

  • SINGAPORE, March 10- Singapore's Temasek Holdings is shedding the skin of a sprawling sovereign investment house, cutting stakes in big publicly listed companies as it puts more money into growing private companies and private equity firms in search of better returns.

  • March 9- A Delaware judge said Royal Bank of Canada should be held liable to former shareholders of Rural/Metro Corp because it failed to disclose conflicts of interest that tainted the $438 million buyout of the ambulance operator.

  • LONDON, March 9- Europe's and Asia's industrial health will be closely watched in the coming week for an indication of how solid- or weak- a footing the global economy was on at the start of the year.