GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Loading central banks with more tasks and pressing them to pursue more aggressive monetary policies could risk a round of competitive devaluations, European Central Bank policymaker Jens Weidmann said on Monday, citing pressure on the Bank of Japan.

  • Asia's Junk Bond Rally Near Exhaustion Monday, 21 Jan 2013 | 8:03 PM ET

    Yield-chasing investors, whose hunger for income powered a long rally in Asian junk-rated bonds, are finally feeling the first symptoms of indigestion after a year-long binge.

  • Mining firms including BHP Billiton and Anglo American are likely to follow Rio Tinto's lead in writing down underperforming assets by as much as $10 billion, as low prices and rising costs eat into valuations.

  • Bank of Japan Set to Vow Boldest Action Yet Monday, 21 Jan 2013 | 6:29 PM ET

    The Bank of Japan is set on Tuesday to unveil its most determined effort yet to beat years of economic stagnation, but the big challenge will be how to impress markets already pricing in a doubling of its inflation target and further asset buying.

  • Algerian security forces escort a bus carrying freed hostages outside a police station in In Amenas in the desert in Algeria's deep south on January 19, 2013.

    Algerian special forces have found the bodies of two Canadian Islamist fighters after a bloody siege at a desert gas plant, a security source said on Monday, as the death toll reached at least 80 after troops stormed the complex to end the hostage crisis.

  • Luxury goods group Richemont gave a cautious outlook on Monday after slowing wholesale demand for its pricey products pushed sales growth in the last quarter below forecasts.

  • China's Metrosexual Men Revive Luxury Shopping Sunday, 20 Jan 2013 | 8:11 PM ET

    Let's hear it for the boys. China's fashion-forward men are snapping up Gucci and Burberry bags, driving a rebound in the luxury market months after a slow down in spending by the world's biggest luxury goods buyers spooked global investors.

  • IMF Chief Urges Major Economies to Promote Growth Friday, 18 Jan 2013 | 2:13 AM ET

    The European Central Bank should keep monetary policy easy and perhaps try to lower borrowing costs further to help the euro zone's struggling economy, the head of the International Monetary Fund said on Thursday.

  • Mariano Rajoy, Prime Minister of Spain.

    Spain sold bonds at the top end of its targeted range on Thursday, with yields falling at the triple issue sale as investor sentiment toward struggling southern European economies improved.

  • Technology Is Now a Drag on US Earnings Wednesday, 16 Jan 2013 | 1:55 AM ET

    This earnings season, the U.S. technology industry is in an unusual position - dragging corporate America down, rather than lifting it up.

  • Hints of Competitiveness in Recession-Hit Spain Tuesday, 15 Jan 2013 | 7:14 AM ET
    Demonstrators take part in a protest against government's health cuts and privatisation plans in Madrid on December 16, 2012.

    Latin American markets have been a prime target for Spanish companies because of their language advantage, and giants such as Telefonica and Banco Santander have increased their exposure there to compensate for problems in their domestic market.

  • Apple Cuts Orders for iPhone 5 Parts: Reports Monday, 14 Jan 2013 | 6:19 AM ET

    Apple has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand, the Nikkei reported.

  • UPS to Withdraw TNT Express Bid, TNT Sinks Monday, 14 Jan 2013 | 3:24 AM ET

    United Parcel Service said the European Commission has informed the company that it is working on a decision to prohibit UPS's proposed acquisition of TNT Express NV.

  • Lockheed Struggling to Deliver F-35 Jet Monday, 14 Jan 2013 | 3:02 AM ET
    f-35 JSF

    Lockheed Martin Corp's new F-35 fighter jet has completed over a third of its planned flight tests, but it is still facing problems with the helmet needed to fly the plane, software development and weapons integration, according to a report by the Pentagon's chief weapons tester.

  • Tax Reform May Happen at State, Not Federal, Level Sunday, 13 Jan 2013 | 11:05 AM ET

    Hopes for overhauling the federal tax system are fading in Washington, but in some state capitals, tax reform experiments- some far-reaching- are fast taking shape.

  • Higher Payroll Tax Already Biting Consumer Spending Sunday, 13 Jan 2013 | 10:53 AM ET

    Paychecks across the country have shrunk over the last week due to higher federal tax rates, and workers are already cutting back on spending, which will drag on the economy this year.

  • Platinum Coin Idea Is Rejected by White House Saturday, 12 Jan 2013 | 5:32 PM ET

    The White House on Wednesday sees little profit in the notion of minting $1 trillion platinum coin as an escape hatch to avoid a debt default if Congress balks at the debt limit.

  • Oracle Pledges to Fix Java Security Flaw 'Shortly' Saturday, 12 Jan 2013 | 5:27 PM ET
    Java

    Oracle said it is preparing an update to address a flaw in its widely used Java software after the U.S. Department of Homeland Security urged computer users to disable the program.

  • A federal appeals court ruled that Netflix receives an unfair advantage from the US Postal Service in handling its DVDs and ordered postal regulators to remedy the situation.

  • Skype Founder Browses Globe for Next Tech Earner Friday, 11 Jan 2013 | 7:50 AM ET
    Earth Net

    Niklas Zennstrom, co-founder of Skype, believes the next hot tech business can come from anywhere around the globe.