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Latest Business News Wires - Business Headlines

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  • *China data roughly in line with expectations, little reaction. TOKYO, Nov 13- The dollar edged back toward a seven-year high struck earlier this week against the yen, as speculation swirled that Japan's Prime Minister Shinzo Abe will call a snap election in December. The greenback was up 0.2 percent at 115.74 yen, nearing the seven-year high of 116.11 yen notched...

  • BEIJING, Nov 13- China's economy lost further momentum in October, with factory growth dipping and investment growth hitting a near 13- year low, reinforcing views that Beijing will need to do more to fight slackening growth. Months of tepid performance in factories and the growing drag from a weakening housing market are putting Beijing's 2014 growth target...

  • Before Thursday's disclosure, Takata's air bags had been linked to at least four deaths in the United States, all in Honda vehicles. Honda said the Takata air bag inflator that failed in the Malaysia accident had been made at the supplier's now-shuttered plant in La Grange, Georgia. The expanded recall covers air bag inflators made at Takata's Georgia plant...

  • USTR SAYS AGREED BALI DEAL SHOULD BE IMPLEMENTED WITHOUT CONDITIONS, WTO MEMBERS WILL NOT CHALLENGE FOOD SECURITY PROGRAMS UNDER WTO DISPUTE SETTLEMENT PROCEDURES UNTIL PERMANENT SOLUTION FOUND.

  • LONDON, Nov 13- There are "very gentle" signs that very weak productivity growth in Britain's economy is improving, which should lead to levels of real pay increasing gradually, Bank of England Deputy Governor Ben Broadbent said on Thursday. "There have been signs, very gentle signs, that productivity in the economy is doing a little bit better, and that ultimately is...

  • TRADE REPRESENTATIVE SAYS AGREEMENT WITH INDIA TO MOVE FORWARD WITH FULL IMPLEMENTATION OF BALI AGREEMENT SHOULD GIVE NEW MOMENTUM TO MULTILATERAL EFFORTS AT THE WTO.

  • Sony unveils web-based TV service PlayStation Vue Thursday, 13 Nov 2014 | 12:58 AM ET

    Nov 13- Sony Network Entertainment International LLC, a unit of Sony Corp of America, unveiled a new cloud-based TV service, PlayStation Vue, expected to be commercially launched during the first quarter of 2015.. During the invite-only beta, PlayStation Vue will initially offer around 75 channels per market from major programmers, such as CBS, Discovery...

  • SEOUL, Nov 13- Samsung Electronics Co Ltd aims to restore its crumbling lead in the global smartphone industry in part by ramping up high-end devices with curved screens full of advanced technology that's tough for rivals to replicate. Samsung Electronics is headed for its worst annual profit in three years, under siege as Chinese firms like Xiaomi Technology...

  • Nikkei turns up on report Abe moving to call election Thursday, 13 Nov 2014 | 12:57 AM ET

    *Takata jumps on Reuters report of changes to air bags. TOKYO, Nov 13- Japanese stocks rose on Thursday afternoon as investors lapped up a media report that said Prime Minister Shinzo Abe appears to have decided to call an early election amid mounting expectations he would postpone a planned sales tax hike. "As the Nikkei has risen above 17,000 and while most...

  • BEIJING, Nov 13- China's industrial output rose 7.7 percent in October from a year ago, missing forecasts and reinforcing expectations that the government may have to step up support measures in coming months to avert a sharper economic slowdown. COMMENTARY DARIUSZ KOWALCZYK, ECONOMIST, CREDIT AGRICOLE CIB, HONG KONG: "Chinese core October data came in...

  • BEIJING, Nov 13- China's industrial output rose 7.7 percent in October from a year earlier, below market expectations, while retail sales climbed 11.5 percent, slightly lower than forecasts, the National Bureau of Statistics said on Thursday. Fixed-asset investment, an important driver of economic activity, grew 15.9 percent in the first 10 months of the year...

  • *OPEC says demand for its crude will drop next year. SINGAPORE, Nov 13- Brent crude traded around $80 a barrel on Thursday, near its lowest since 2010, after OPEC said demand for its oil would fall next year, while Saudi Arabia remained silent about a possible cut in production. Global demand for oil from OPEC will drop to 29.20 million barrels per day next year, almost 1...

  • TOKYO, Nov 13- Honda Motor Co said on Thursday that a driver in Malaysia had died after a July accident involving an air bag supplied by Takata Corp and widened its recall for the defective air bags by another 170,000 vehicles. Before Thursday's disclosure, Takata's air bags had been linked to at least four deaths in the United States, all in Honda vehicles.

  • REFILE-Appetite for jewelry boosts India gold demand -WGC Thursday, 13 Nov 2014 | 12:14 AM ET

    *India appetite for gold jumps by third in Q3- WGC. Demand in India rose 39 percent to 225.1 tonnes in July-Sept, the second highest on record for the quarter, even as global appetite fell to its lowest in nearly five years, according to the World Gold Council. "Demand will continue to have positive growth over last year as this is a good demand period and a lot of...

  • "The administration has taken a dim view of these kinds of legislative proposals in the past... it's fair to say that our dim view of these kinds of proposals has not changed," White House spokesman Josh Earnest told reporters in Naypyitaw, the capital of Myanmar, where President Barack Obama is on a state visit.

  • WASHINGTON, Nov 13- A spike in home auctions last month helped drive the biggest gain in U.S. foreclosure activity in more than four years, according to a report from RealtyTrac on Thursday. "The October foreclosure numbers are not a complete surprise given that over the past three years there has been an average 8 percent monthly uptick in scheduled foreclosure...

  • U.S. consumer bureau proposes new rules for prepaid cards Thursday, 13 Nov 2014 | 12:01 AM ET

    WASHINGTON, Nov 13- The U.S. consumer watchdog on Thursday proposed new rules requiring prepaid product companies to disclose fees and offer other protections to people who buy their cards. The Consumer Financial Protection Bureau said consumers put nearly $65 billion into such accounts in 2012.. The bureau said its rules would apply to plastic cards that...

  • Nov 13- The controversial government program that funded failed solar company Solyndra, and became a lighting rod in the 2012 presidential election, is officially in the black. According to a report by the Department of Energy, interest payments to the government from projects funded by the Loan Programs Office were $810 million as of September- higher than the...

  • New York City jobs growth fastest in 24 years -report Thursday, 13 Nov 2014 | 12:00 AM ET

    NEW YORK, Nov 13- New York City is experiencing its fastest rate of job growth in nearly 25 years, but most of the jobs are being created in low-paying industries, according to a report by the city's top financial watchdog on Thursday. A report last year by the United States Conference of Mayors estimated the size of the metropolitan economy, which includes northern...

  • Appetite for jewellery boosts India gold demand -WGC Thursday, 13 Nov 2014 | 12:00 AM ET

    *India appetite for gold jumps by third in Q3- WGC. Demand in India rose 39 percent to 225.1 tonnes in July-Sept- the second highest on record for the quarter, even as global appetite fell to its lowest in nearly five years, according to the World Gold Council. "Demand will continue to have positive growth over last year as this is a good demand period and a lot of...