Latest Business News Wires - Business Headlines


  • Watchdog FINRA probes banks' bond transactions - WSJ Friday, 11 Apr 2014 | 12:59 AM ET

    April 11- Wall Street watchdog FINRA is taking a broad look at the trading profits of banks and other middlemen in some bond transactions to examine whether some money managers are favored at the expense of other investors, the Wall Street Journal reported.

  • Russia says ready to work with IMF, EU to help Ukraine Friday, 11 Apr 2014 | 12:46 AM ET

    Secretary Jack Lew on Thursday that Moscow was concerned about Ukraine's unpaid debt for supplies of natural gas, but was ready to work with international partners on financial aid for Kiev.

  • BEIJING, April 11- China's consumer inflation rate increased in March as fresh food prices jumped, but persistent deflation in the industrial sector was another signal of weak demand and slowing growth in the world's second-largest economy.

  • SHANGHAI, April 11- China's yuan held a flat tone for the week on Friday after the central bank set its guidance rate up 0.02 percent from Thursday's close, as markets digested economic policy statements from officials alongside uninspiring macroeconomic data.

  • BOAO, China, April 11- China's credit growth remains steady but the central bank is mindful of possible risks from high debt levels in the corporate sector, governor Zhou Xiaochuan said on Friday.

  • *Nikkei sinks through major chart support, much of Asia in the red. SYDNEY, April 11- Japanese shares sank to six-month lows on Friday as an escalating selloff on Wall Street spread to Asia and slugged markets that had been fairly resilient up to now.

  • *Big differences remain in U.S.- Japan trade talks- farm minister. *U.S.- Japan deal vital for broader regional pact. The United States wants Japan to open its rice, beef and pork, dairy and sugar sectors- politically powerful sectors that Abe has vowed to defend.

  • TOKYO, April 11- The yen was on track to post its biggest weekly gain against the dollar in four weeks on Friday as a Wall Street share selloff and Asia's diminishing risk appetite boosted the safe-haven yen. Market participants said renewed concerns over Ukraine were also a factor to watch, with the yen standing to gain from its safe-haven status.

  • April 10- The American Farm Bureau Federation said on Thursday it had more work to do to find consensus on a set of standards aimed at protecting farm data privacy, after meeting in Kansas City with a dozen leading U.S. agricultural industry players. Over the last year, there has been a surge in the collection and analyses of farm data across the United States.

  • *OPEC cautious on economy, sees lower demand for its oil. SINGAPORE, April 11- Brent futures eased towards $107 a barrel on Friday as the global supply outlook improved with more Libyan supplies expected to reach the market, although growing tension between the West and Russia over Ukraine put a floor under prices.

  • April 10- The Justice Department is investigating whether a Citigroup Inc unit in California failed to alert the government about suspicious banking transactions along the U.S.- Mexico border, the Wall Street Journal reported, citing people familiar with the matter.

  • SYDNEY, April 11- London nickel held near a more than one-year top on Friday and was on track to log its ninth weekly gain in 10 weeks, as a ban on ore exports from Indonesia fuelled prices of the metal used in stainless steel. China's stainless steel makers and traders stocked up on nickel ore exports from Indonesia ahead of the ban that came into force in January.

  • LAUNCESTON, Australia, April 11- The problem with China's crude oil trade data so far this year is that the same set of numbers can tell different and seemingly contradictory stories.

  • April 10- Phibro Animal Health Corp's initial public offering was priced at $15 per share, an underwriter said, below its expected price range of $16- $18 per share. Backed by UK private equity firm 3 i Group Plc, Teaneck, New Jersey- based Phibro is selling 7.352 million shares in the offering.

  • PHILADELPHIA, April 10- A Philadelphia judge on Thursday set aside most of an arbitration ruling that could have cost the state of Pennsylvania some $180 million from a landmark 1998 settlement with the nation's tobacco companies.

  • SHANGHAI, April 11- China will ease restrictions on overseas investments by local firms and deals below $1 billion will no longer need approval, the country's economic planner said in another step to cut red-tape and facilitate the growth of private investment.

  • BHP polishes up nickel unit as demerger talk swirls Thursday, 10 Apr 2014 | 10:00 PM ET

    *Could make it easier to find buyer for Nickel West division in Australia. SYDNEY, April 11- Breakthroughs in the way BHP Billiton processes nickel ores could help the world's biggest miner find a buyer for its ailing Nickel West division in Australia.

  • Music labels follow movie studios in suing Megaupload Thursday, 10 Apr 2014 | 9:57 PM ET

    NEW YORK, April 10- Four music labels filed a copyright infringement lawsuit on Thursday against the file-sharing website Megaupload and its founder Kim Dotcom, three days after several major movie studios did the same.

  • METALS-London nickel eyes ninth weekly gain in ten Thursday, 10 Apr 2014 | 9:50 PM ET

    SYDNEY, April 11- London nickel eased back from one year highs on Friday but was set to log its ninth weekly gain in 10 weeks, as a ban on ore exports from Indonesia fuelled rising prices for the stainless steel material.

  • *Fast Retailing slides on cut in full-year profit outlook. TOKYO, April 11- Japanese shares tumbled to six-month lows on Friday and could log their worst performance since the March 2011 tsunami and nuclear disaster after a rout in U.S. tech shares spurred selling by momentum players.