Latest Business News Wires - Business Headlines


  • LONDON, April 29- U.S. handset maker Cirrus Logic Inc is to buy British microchip maker Wolfson Microelectronics for an agreed 291 million pounds to boost its audio division, the two firms said on Tuesday.

  • MOSCOW, April 29- Russia's pipeline gas export monopoly Gazprom posted a 7 percent drop in 2013 net profit on Tuesday to 1.139 trillion roubles, in line with forecasts, on the back of a weaker rouble.

  • *Samsung slips on earnings news, LG Electronics fares better. SYDNEY, April 29- Asian share markets put in an indecisive performance on Tuesday as caution ahead of some major events this week overshadowed a late rally on Wall Street, though futures pointed to opening gains for European stocks.

  • *Markets get the message no BOJ easing imminent Wavering BOJ board members gaining confidence in deflation fight. TOKYO, April 29- Rising prices for budget haircuts and bowls of beef and rice are helping Bank of Japan Governor Haruhiko Kuroda win over doubters in his own ranks of his ambitious drive to cast off deflation.

  • MOSCOW, April 29- Russian shares rose on their opening on Tuesday, a day after a new round of sanctions were imposed by the West on Russian companies and individuals. Russia's main indexes, the rouble-traded MICEX and the dollar-denominated RTS index, both rose in early trading, up 1.8 percent and 1.1 percent respectively.

  • LONDON, April 29- British oil firm BP posted quarterly profit slightly above forecasts and upped its dividend for the second time in six months, in line with a pledge made earlier this year to focus on returning more cash to shareholders.


  • BERLIN, April 29- German consumer morale remained at its highest level in more than seven years heading into May but shoppers became more pessimistic about the prospects for Europe's largest economy due to the crisis in Ukraine, a survey showed on Tuesday.

  • *Says EBA rules could result in 1.5- 2 bln eur impact on capital. FRANKFURT, April 29- Deutsche Bank's pretax profit fell by nearly a third in the first quarter to 1.68 billion euros as an industry-wide slump in bond trading revenue depressed results, but the drag on earnings was not as bad as that seen by some of its rivals.

  • KUALA LUMPUR, April 29- AirAsia X Bhd, the long-haul arm of Malaysian budget carrier AirAsia Bhd, is betting its dual strategy of scale and multi-country hubs will make it the region's dominant airline and help it survive the short-term impact of declining yields.

  • *Q1 operating profit 504 bln won vs 279 bln won analyst view. SEOUL, April 29- LG Electronics Inc beat market expectations by reporting its strongest quarterly profit in nearly two years, after strong sales of its high-end television sets boosted the South Korean manufacturer's bottom line.

  • PARIS, April 29- French drugmaker Sanofi reported lower-than-expected first-quarter earnings on Tuesday, weighed down by a delay in supply of paediatric vaccines in emerging markets and generic competition in animal health.

  • *Asian session subdued with Japan shut for holiday. SYDNEY/ SINGAPORE, April 29- The euro held firm against the dollar on Tuesday after a solid performance the day before as expectations for additional stimulus from the European Central Bank waned. Moves among major currencies were muted in Asia, as a public holiday in Japan dampened trading activity.

  • BEIJING, April 29- China's factory activity may have picked up slightly in April as the government uses targeted measures to support the economy, a Reuters poll found, but the slowdown could continue due to a cooling property sector and the impact of structural reforms.

  • Nokia Q1 profit beats expectations Tuesday, 29 Apr 2014 | 1:18 AM ET

    HELSINKI, April 29- Nokia reported a surprise year-on-year rise in the quarterly profit of its network equipment unit, its core business after the sale of phone division to Microsoft. Nokia's group earnings per share in the quarter were 0.04 euros, ahead of the market expectation of 0.03 euros.

  • *Nokia says to focus on three remaining businesses. HELSINKI, April 29- Finnish telecommunication gear maker Nokia promoted Rajeev Suri, the head of its biggest division, to chief executive on Tuesday, tasking him with charting its future growth without the mobile phone unit for which it was best known.

  • FRANKFURT, April 29- Deutsche Bank's pretax profit fell by 30 percent in the first quarter to 1.68 billion euros, the bank said on Tuesday, depressed by an industry-wide slump in bond trading revenue. The division includes Deutsche Bank's main trading unit- fixed income, currencies and commodities, or FICC.

  • NEW YORK, April 29- At the heart of Pfizer Inc's pursuit of British drugmaker AstraZeneca Plc is a shortage of attractive products in its own research pipeline, aggravated by a recent series of disappointing drug launches, according to some industry analysts and money managers.

  • *PBOC midpoint slightly stronger for 5th trading day. SHANGHAI, April 29- China's yuan barely moved on Tuesday, with traders saying that dollar demand from oil giants offset another stronger yuan midpoint-setting by the central bank. The People's Bank of China set its midpoint at 6.1556, up 0.01 percent from Monday.

  • *U.S. imposes more sanctions on Russia; Europe to follow. SINGAPORE, April 29- Brent crude held steady above $108 a barrel on Tuesday after posting its biggest daily fall in nearly a month on an imminent rise in Libyan exports, while investors shrugged off more U.S. sanctions on Russia.