GO
Loading...

Latest Business News Wires - Business Headlines

More

  • EU's Barroso believes Russia/Ukraine gas deal struck Thursday, 30 Oct 2014 | 10:39 AM ET

    BRUSSELS, Oct 30- European Commission President Jose Manuel Barroso said on Thursday he believed the European Union had successfully brokered a deal on gas supplies between Russia and Ukraine. Barroso said in remarks made as he prepares to leave office on Friday that he was pleased still to be at work because "apparently we have an accord which the Commission...

  • UPDATE 2-BorgWarner lowers earnings outlook, shares fall Thursday, 30 Oct 2014 | 10:37 AM ET

    DETROIT, Oct 30- BorgWarner Inc, shares fell on Thursday morning after the maker of automotive turbochargers and emission systems lowered its full-year 2014 profit outlook, due to weakening currencies. Shares fell as much as 7 percent after BorgWarner changed its forecast when it posted third-quarter earnings that were roughly in line with analysts'...

  • NEW YORK, Oct 30- The dollar on Thursday extended recent gains to a 3-1/ 2- week high, boosted by unexpectedly strong third-quarter U.S. economic growth and a newly hawkish tone from the Federal Reserve. A U.S. Commerce Department report showed third-quarter gross domestic product grew by 3.5 percent versus the Reuters 3.0 percent mean forecast of economists.

  • WASHINGTON, Oct 30- The International Monetary Fund foresees large financing needs next year in the three West African countries hardest hit by the outbreak of the deadly Ebola virus. "The outlook for the Ebola-hit countries has worsened, with large financing needs likely for 2015," IMF spokesman Gerry Rice told reporters, referring to Guinea, Liberia and...

  • MADRID, Oct 30- The Spanish government has decided to postpone its plans to privatise airport operator Aena with a $10 billion public share offer, a source with knowledge of the matter said on Thursday. The sale of a 49 percent stake in the world's biggest airports operator had promised to be the largest initial public offering in Europe this year.

  • Oct 30- New York Times Co reported lower-than-expected quarterly revenue and projected a further decline in advertising sales in the current quarter, sending its shares down about 7 percent. The New York Times, like many newspaper and magazine publishers, has been under relentless pressure to replace an evaporating pool of print advertising dollars with...

  • UPDATE 2-Goldcorp results lag expectations, stock drops Thursday, 30 Oct 2014 | 10:21 AM ET

    TORONTO, Oct 30- Goldcorp Inc, the world's biggest gold producer by market value, reported lower-than-expected adjusted earnings on Thursday as production lagged expectations, sending its stock sharply lower. The Vancouver, British Columbia- based miner said adjusted earnings fell to $70 million, or 9 cents a share, in the quarter from $190 million, or 23 cents a...

  • WASHINGTON, Oct 30- Defense contractor Lockheed Martin will buy privately-held Systems Made Simple, a provider of health information technology solutions to the federal government, the company said on Thursday. Terms were not disclosed but were said to be not material to Lockheed Martin. Among other things, Systems Made Simple, based in Syracuse, New York, works...

  • LONDON, Oct 30- "Who's got all the copper?" The answer, according to the Wall Street Journal, is Red Kite, the specialist metals hedge fund set up by Michael Farmer, a man who was trading the copper market before many younger readers were born. Today's LME dominant positions report WHL> shows one entity owning 80 to 90 percent of "live" copper tonnage in the LME warehouse...

  • GDP grows 3.5 percent in Q3; Treasuries briefly cut gains. NEW YORK, Oct 30- U.S. "It's a beat, but GDP was propped up by defense spending," said Tom di Galoma, head of rates and credit trading at ED&F Man in New York.

  • Oct 30- ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported higher third-quarter profit from the sale of its Nigerian unit but lowered its fourth-quarter production outlook, sending shares down 1.4 percent. Over the last several years, Conoco has shed lower-margin assets, directing more capital to projects like shale...

  • MOSCOW, Oct 30- The Russian central bank said on Thursday it had provided $51.1 million at its first one-week dollar repo auction. The auction was the second to be held under a scheme to provide up to $50 billion in foreign currency repos to banks to offset a shortage of foreign currency liquidity. On Wednesday, the central bank provided $201.2 million at its first...

  • BERLIN, Oct 30- Annual inflation in Europe's largest economy slowed to 0.7 percent in October, data from Germany's statistics office showed on Thursday, undershooting forecasts and suggesting the risk of deflation in the wider euro zone has not yet abated. Carsten Brzeski, senior economist at ING, said the German data made it less likely the euro zone figure...

  • LONDON, Oct 30- Chad Holliday, the former chairman of Bank of America and DuPont widely credited for his sustainable energy vision, will become the first American chairman at Royal Dutch Shell, an oil major with tense relations with green groups. An engineer by education, Holliday spent most of his career at DuPont, having joined the U.S. chemical giant in 1970 and...

  • LONDON, Oct 30- Brent crude oil slipped below $87 a barrel on Thursday as expectations that U.S. interest rates may rise sooner than previously thought pushed the dollar to its highest in more than three weeks. "Increased expectations about a first increase in rates next year will be dollar positive and a higher dollar will be generally negative for commodities,"...

  • US STOCKS-Wall St flat after GDP, but Visa lifts Dow Thursday, 30 Oct 2014 | 10:05 AM ET

    *Visa, MasterCard both rally after results. NEW YORK, Oct 30- U.S. stocks were mostly flat on Thursday, as a strong read on third-quarter economic growth raised new questions about monetary policy, though strong results at Visa single-handedly put the Dow in positive territory. "A strong report, on the heels of a more hawkish tone from the Fed yesterday, has some...

  • LONDON, Oct 30- According to many commentators, cheap natural gas is producing a renaissance in U.S. manufacturing and putting European competitors at a disadvantage. But empirical studies show the impact has been small and concentrated in a handful of energy-intensive industries that account for only a small share of manufacturing value-added.

  • UK financial adviser Sesame fined for fourth time Thursday, 30 Oct 2014 | 10:02 AM ET

    LONDON, Oct 30- Sesame, Britain's largest network of financial advisers, was fined on Thursday another 1.6 million pounds for trying to side-step a ban on inducements in an industry beset by misselling scandals. But it picked its providers on the basis of additional services they were prepared to buy from Sesame's companies, the Financial Conduct Authority...

  • *China pledges to help consumption in six economic sectors. LONDON, Oct 30- Copper fell more than 1 percent on Thursday as the dollar rallied on strong U.S. growth data and the Federal Reserve's relatively hawkish tone on monetary policy. Three-month copper on the London Metal Exchange traded down 1.6 percent at $6,705 a tonne in official midday rings, having...