Latest Business News Wires - Business Headlines


  • *China stimulus hopes, upbeat U.S. data support. TOKYO, March 31- Japanese shares climbed 1 percent to a 2-1/ 2- week high on Monday morning on growing hopes China would offer stimulus measures to bolster its sagging economy, with exporters leading the way on a softer yen.

  • SYDNEY, March 31- London copper was steady on Monday but was set to post its biggest monthly drop since June, as a slow start to the year for manufacturers in top consumer China dimmed the outlook for metals demand.

  • *Chicago Board of Trade corn for May delivery dropped half a percent to $4.89-3/ 4 a bushel by 0041 GMT after peaking at $4.96-1/ 4 on Friday. *The USDA report is forecast to show that U.S. corn stockpiles are at 7.099 billion bushels, the biggest since 2010, and wheat stocks at a five-year low of 1.042 billion bushels, based on a Reuters poll of analysts.

  • SINGAPORE, March 31- Gold traded below $1,300 an ounce on Monday, near a six-week low, and could face more pressure from weak physical demand in Asia and growing optimism about the U.S. economy. *Spot gold was up slightly by 0.1 percent to $1,295.20 an ounce by 0018 GMT, but remained not far from a six-week low of $1,285.34 hit on Friday.

  • TOKYO, March 31- Japan's factory output unexpectedly fell in February at the fastest pace in eight months in a possible sign that the benefits from last-minute demand before an impending sales tax hike may have run their course.

  • NYMEX-U.S. crude holds near 3-week high above $101 Sunday, 30 Mar 2014 | 8:22 PM ET

    SINGAPORE, March 31- U.S. crude traded near a three-week high above $101 a barrel on Monday, buoyed by simmering tensions between Russia and the West and disruptions to African oil supplies. *U.S. crude for May delivery edged down 22 cents to $101.45 a barrel by 0004 GMT after settling on Friday at the highest since March 7.

  • NEW YORK, March 30- Disney's hit film "Frozen" has become the top-grossing animated film in box office history, the studio said on Sunday as the musical topped $1 billion in global sales. The film has sold $398.4 million worth of tickets at domestic theaters since opening on Nov. 27 on the eve of the Thanksgiving Holiday weekend.

  • TOKYO, March 31- Asian stocks were up slightly in a cautious start to the week on Monday, with investors holding out hopes that China would take steps to stimulate the economy.

  • Japan Feb industrial output down 2.3 pct mth/mth Sunday, 30 Mar 2014 | 7:57 PM ET

    TOKYO, March 31- Japan's industrial output unexpectedly fell 2.3 percent in February from the previous month, down for the first time in three months, government data showed, a sign factory activity is losing momentum before a sales tax hike that kicks in on April 1.

  • BUENOS AIRES, March 30- Argentina has been approached by financial institutions offering it loans at favorable rates, the economy ministry said on Sunday, marking a tentative reopening of international credit markets for the first time in over a decade.

  • TOKYO, March 31- Japanese manufacturing activity expanded at a slower pace in March, a survey showed on Monday, pulling back further from an eight-year high set in January as heavy snow in some areas curbed production.

  • ATHENS, March 31- Greece approved on Monday a contentious reform bill to secure bailout aid but the government was forced to expel a dissenting lawmaker, reducing its majority in parliament to just two seats.

  • *AstraZeneca moving global HQ and R&D to Cambridge by 2016. CAMBRIDGE, England, March 31- AstraZeneca, which will complete its move to Cambridge by 2016, is already putting down roots in the ecosystem of the university city as it seeks to revitalise its drug research.

  • *Hopes of China stimulus keeping risk demand buoyant. SYDNEY, March 31- The yen stayed on the defensive early on Monday, reaching a fresh six-year low on the New Zealand dollar as demand for the safe-haven currency waned amid hopes of more stimulus from China. The kiwi rose as far as 89.23 yen, a level not seen since November 2007.

  • WASHINGTON, March 30- A non-surgically implanted heart valve meant to delay open heart surgery in children with congenital heart defects worked well for all but a few patients during a year of follow-up observation, in line with favorable results seen in original clinical trials of the Medtronic Inc product.

  • NEW YORK, March 30- U.S. stock investors will take their cues this week from March jobs data and diplomacy to defuse East-West tensions over Russia's annexation of Ukraine's Crimea region. When trading begins on Monday, investors will keep an eye on developments involving Russia and Ukraine.

  • *China reveals growing military capabilities. While Malaysia has been accused of a muddled response and poor communications, China has showcased its growing military clout and reach, while some involved in the operation say other countries have dragged their feet on disclosing details that might give away sensitive defence data.

  • Delphi: GM approved ignition switches below specs Sunday, 30 Mar 2014 | 5:01 PM ET

    Documents from GM and a federal agency on faulty ignition switches paint an "unsettling picture," according to a congressional panel.

  • BEIJING, March 31- China's war on pollution is only a few weeks old, but the battle lines are already being drawn between Beijing and Hebei, the province most synonymous with dirty air.

  • JAKARTA, March 31- Dressed in the style of Indonesia's first leader, even using replica 1950 s microphones, presidential hopeful Prabowo Subianto roared to thousands of supporters at a recent rally in the capital: " Indonesia cannot be bought".