Latest Business News Wires - Business Headlines


  • JGBs edge up, 2-year auction well received Thursday, 26 Jun 2014 | 2:05 AM ET

    TOKYO, June 26- Japanese government bond prices edged up on Thursday, taking cues from overnight gains by U.S. The yield curve flattened as pension funds bought the longer-dated maturities for month-end duration extensions. An auction of 2- year JGBs was well received by the market, with the bid-to-cover ratio, a gauge of demand, coming in at 4.83.

  • TOKYO, June 26- Advisers to Japan's foreign minister urged the government on Thursday to include richer nations among its foreign aid recipients, as Prime Minister Shinzo Abe pushes for Tokyo to play a bigger role in global security and diplomacy.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, June 26- The gap between perception and myth in liquefied natural gas is widening, with both buyers and suppliers appearing to subscribe to views that bear limited resemblance to reality.

  • TOKYO, June 26- Japan's Kyushu Electric Power and Hokkaido Electric Power received shareholder approval on Thursday for bailouts from a state-backed bank as the utilities struggle to cope with losses from a prolonged shutdown of nuclear reactors.

  • China's yuan set for 2nd consecutive weekly drop Thursday, 26 Jun 2014 | 1:14 AM ET

    HONG KONG, June 26- China's yuan edged higher on Thursday but looked set for its second straight weekly loss against the dollar as an uncertain economic outlook prompts some investors to reduce their positions. The People's Bank of China fixed the yuan midpoint at 6.1538, stronger than Wednesday's fixing of 6.1555.

  • Since Detroit filed the biggest municipal bankruptcy in U.S. history last July, Syncora has objected to the city's moves nearly every step of the way- from an early agreement with investment banks over interest rate swaps to the more recent "grand bargain" designed to save the Detroit Institute of Arts.

  • NEW YORK, June 26- U.S. healthcare companies are winning higher profit forecasts, bucking a wider trend on Wall Street, as pricey new biotech drugs hit the market and insurance enrollment rises under the Affordable Care Act.

  • WASHINGTON, June 25- If the battle over the U.S. Export-Import Bank is Washington's latest political tempest, then Don Nelson from Bakersfield, California is aiming at the eye of the storm.

  • *May had trade deficit of $810 mln, poll predicted $300 mln surplus. BANGKOK, June 26- Thai exports fell more than expected in May, showing that a pillar of the economy remains weak and underscoring the tough task the military government faces kick-starting growth after seven months of political turmoil.

  • *New IPOs surge daily limit in Shenzhen debut. HONG KONG, June 26- China shares rose on Thursday as the first initial public listings to debut on the mainland in more than four months rose sharply, bolstering sentiment.

  • FOREX-Dollar wilts in wake of downbeat U.S. GDP revision Thursday, 26 Jun 2014 | 12:45 AM ET

    TOKYO/ SYDNEY, June 26- The dollar languished near one-month lows against a basket of major currencies on Thursday, following a surprise downward revision to U.S. first quarter economic growth.

  • HONG KONG, June 26- The overseas expansion of China's yuan currency is taking giant strides toward Western Europe, with two clearing banks assigned for the region in the past week- the first time yuan clearing banks have been operated outside of Asia.

  • YouTube's music stars to air on Sirius XM radio show Thursday, 26 Jun 2014 | 12:01 AM ET

    June 26- YouTube is venturing onto radio with a weekly show on satellite radio service Sirius XM that will feature the online video website's most popular and emerging artists, the companies said on Thursday. It is the first time YouTube, owned by Google Inc, has partnered with another platform on a show about music.

  • SINGAPORE June 26- Brent crude fell below $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the militant insurgency in the country, although worries over the conflict kept a floor under prices.

  • *Markets put positive spin on startlingly weak US growth data. SYDNEY, June 26- Asian shares swung higher on Thursday as weak U.S. growth seemed to further delay the day when interest rates might rise, prompting investors to plow funds into riskier assets in a desperate search for returns.

  • *Coming up: U.S. Weekly jobless claims at 1230 GMT. SINGAPORE, June 26- Gold slipped on Thursday as stronger equities dented the metal's safe-haven appeal and investors largely shrugged off weak U.S. economic growth numbers in favour of more recent data.

  • ANALYSIS-It's Asian bonds, not equities, that are too rich Wednesday, 25 Jun 2014 | 11:16 PM ET

    SINGAPORE, June 26- An unusual parallel rally in Asian bonds and equities, powered for the last five years by cheap global funds, could give out soon with debt becoming a casualty of the increasing confidence in the outlook for global growth.

  • *White House says policy has not changed. The U.S. Department of Commerce's Bureau of Industry and Security told Pioneer Natural Resources and Enterprise Product Partners on Tuesday that removing volatile components from condensate, the light oil, was enough to qualify the petroleum as a "refined product."

  • DETROIT, June 25- General Motors Co is preparing to recall about 33,000 Chevrolet Cruze sedans with potentially defective air bags made by troubled Japanese supplier Takata Corp, the automaker said late Wednesday.

  • *Rakuten soars on report it is entering low-cost carries business. TOKYO, June 26- Japan's Nikkei share average crawled back up from a one-week low on Thursday, and Rakuten Inc soared on a report it is preparing to enter the low-cost carrier business.