Latest Business News Wires - Business Headlines


  • Sept 11- Ebola is just one of many neglected tropical diseases that badly need attention. The World Health Organization in 2012 designated 17 diseases as priorities for eradication or control:. There is no approved drug but the first vaccine from Sanofi could reach the market late next year.

  • The worst-ever Ebola outbreak, which has already killed at least 2,296 people in West Africa, has triggered a scramble to develop the first drug or vaccine for a deadly disease that was discovered nearly 40 years ago in the forests of central Africa.

  • *Finance Ministry has raised 194 bln so far. MOSCOW, Sept 11- The Russian Finance Ministry hopes that plans for sovereign domestic borrowing will remain unchanged for the rest of the year, the ministry's head, Anton Siluanov, said on Thursday.

  • BUENOS AIRES, Sept 11- Argentina's Congress gave final approval on Thursday to a law proposing to restructure the country's debt to skirt a U.S. court ruling that forced it into its second default in 12 years. The debt restructuring plan aims to enable Argentina to make payments on its foreign-held bonds locally or elsewhere beyond the reaches of the U.S. court.

  • *Gazprom writes off 71.3 bln roubles over Ukraine debt. MOSCOW, Sept 11- Russia's Gazprom reported a 41 percent fall in first-quarter net profit after cutting prices for gas deliveries to Ukraine, and the gas producer faces more pain this year due to its unresolved dispute with Kiev.

  • SEOUL, Sept 11- A cap on carbon dioxide emissions that South Korea expects to introduce as part of a carbon trading scheme will be around 3 percent larger than previously touted over the next three years, the government said on Thursday.

  • Argentina's Congress passes debt restructuring law Thursday, 11 Sep 2014 | 4:42 AM ET

    BUENOS AIRES, Sept 11- Argentina's Congress gave final approval on Thursday to a law proposing to restructure the country's debt in order to skirt a U.S. court ruling that toppled it into its second default in 12 years.

  • *Overnight poll shows more Scots favour staying in UK. LONDON, Sept 11- European shares edged up and sterling rose from multi-month lows on Thursday after a poll showing most Scots intend to vote against independence next week took the edge off concerns over the United Kingdom's future.

  • Xu also said that the NDRC's investigation of U.S. chipmaker Qualcomm Inc was "basically done" and that Qualcomm President Derek Aberle would meet with the regulator on Friday. On Wednesday, U.S. Federal Trade Commission Chairwoman Edith Ramirez spoke publicly about reports of China's enforcement of its anti-trust law and its investigation of Qualcomm.

  • LONDON, Sept 11- The U.S. dollar powered to a six-year high against the yen on Thursday and sterling recovered some ground after a recent bout of nerves over the prospect of Scotland voting for independence in a week's time.

  • European shares inch up; Lloyds, RBS rally Thursday, 11 Sep 2014 | 4:14 AM ET

    *Lloyds, Royal Bank of Scotland rally after latest poll. *Air France-KLM rises after pledging to boost core earnings. PARIS, Sept 11- European shares rose early on Thursday, with Scottish-based banks Lloyds and Royal Bank of Scotland rallying after a poll showed a majority of Scots intend to vote against independence in next week's referendum.

  • HONG KONG, Sept 11- Hong Kong's benchmark index ended lower for a fifth straight day on Thursday, failing to hold onto slim midday gains after China indexes slid into the red with investors turning cautious ahead of more economic data. The Hang Seng Index was off 0.2 percent at 24,662.64 points, a one-month closing low.

  • JGBs fall, pushing yields to a 2-month high Thursday, 11 Sep 2014 | 4:02 AM ET

    TOKYO, Sept 11- Japanese government bond prices fell on Thursday, sending the 10- year yields to a two-month high, as falls in global bond prices, the yen's fall and a rise in Japanese share prices pushed the market out of its months-long doldrums.

  • FACTBOX-TIMELINE-Hong Kong's pro-democracy movement Thursday, 11 Sep 2014 | 4:00 AM ET

    Sept 11- December 1984- Britain and China sign Joint Declaration on the conditions under which Hong Kong will be handed over to Chinese rule in 1997, including a "one country, two systems" formula. June 1989- A crackdown on pro-democracy activists in and around Beijing's Tiananmen Square prompts calls for more democratic safeguards to be introduced in Hong Kong.

  • LONDON, Sept 11- World oil demand growth is softening at a remarkable pace as the European and Chinese economies falter, the West's energy watchdog said on Thursday, while supplies grow steadily, particularly from North America.

  • EDINBURGH, Sept 11- Two major British banks, part-owned by the British government, said they would relocate to London if Scotland votes for independence, hours after a poll showed a slender lead to those who want to keep the centuries-old union with England.

  • SHANGHAI/ DONGGUAN, 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.

  • SINGAPORE, Sept 11- Brent crude dropped below $98 a barrel on Thursday, falling for the sixth straight session, as worries about ample supply and weak demand, which have dragged prices to 17- month lows, outweighed geopolitical concerns in the Middle East.

  • *RBS says would re-locate holding company in England. *To retain significant operations in Scotland. LONDON, Sept 11- Scotland's two biggest banks have said they would relocate to England if Scots vote for independence next week, adding to the economic uncertainties the country faces if it decides to end its 307- year union with the rest of the UK.

  • HONG KONG, Sept 11- China shares finished lower on Thursday, as morning gains that pushed major indexes to multi-month highs got erased as investors turned cautious ahead of more economic data. But economists were divided over whether Beijing will use the extra room to announce fresh stimulus measures.