Latest Business News Wires - Business Headlines


  • TORONTO, March 31- Workers at Toyota Motor Corp's Canadian manufacturing plants are set to vote next week on whether to become the first at Toyota operations in North America to unionize.

  • China's Xi wins EU pledge to consider free-trade deal Monday, 31 Mar 2014 | 11:57 AM ET

    *EU, China seek to put aside trade tensions. BRUSSELS, March 31- Chinese President Xi Jinping won a promise from the European Union on Monday to consider a multi-billion-dollar free-trade deal with his country, a long-held goal for Beijing which divides Europe. Both China and the EU have something to gain from increased trade.

  • *Euro zone inflation 0.5 pct in March, below forecast. LONDON, March 31- Lower-rated euro zone bond yields held near multi-year lows on Monday, as a drop in euro zone inflation kept speculation rife that the European Central Bank may loosen monetary policy further later this year.

  • WASHINGTON, March 31- U.S. Supreme Court justices gave little indication on Monday they would set new guidelines on patent eligibility of software.

  • March 31- New York state joined New York City in suing FedEx Corp for allegedly violating state and federal laws by delivering untaxed cigarettes, but the company said customer privacy prevented it from checking packages without reason.

  • MOSCOW, March 31- Russia's largest privately owned financial group, Alfa Group, said instability in Ukraine was hurting its financial position and estimated its exposure to the neighbouring country at $781 million.

  • LONDON, March 31- Britain awarded a 7- billion-pound contract to manage the decommissioning of nearly half its nuclear sites to engineering contractors Babcock and U.S. group Fluor in one of the largest UK government contracts ever put out to tender.

  • NEW YORK, March 31- U.S. The 30- year Treasury bond fell over 1 percentage point in price on expectations that Friday's employment report for March will be better-than-expected and bolster the hawkish tone that Fed Chair Janet Yellen took earlier this month at a press conference.

  • *BRENT CRUDE FUTURES BRIEFLY FALL MORE THAN $1 Monday, 31 Mar 2014 | 11:31 AM ET
  • *In first public speech as Chair, Yellen sounds political. *Cites "considerable" slack in U.S. economy, labor market.

  • FOREX-Dollar declines as euro rides out inflation dip Monday, 31 Mar 2014 | 11:27 AM ET

    NEW YORK, March 31- The euro rose to a three-week high against the yen and firmed against the dollar despite softer-than-forecast inflation numbers that sapped hopes the European Central Bank will cut rates when it meets this week.

  • WASHINGTON, March 31- U.S. Supreme Court justices gave little indication on Monday they would set new guidelines on patent eligibility of software.

  • *Turkey and EU bound by mutual interests despite tensions. BRUSSELS, March 31- Sunday's resounding victory by the ruling AK Party in Turkey's local elections, undiminished by what some call an authoritarian turn by Prime Minister Tayyip Erdogan, is likely to put already cool relations between Ankara and Brussels in the chiller.

  • SANTIAGO, March 31- President Michelle Bachelet on Monday announced a tax overhaul including higher corporate taxes, saying the changes would help Chile make progress in addressing inequality without hurting growth, despite worries about the impact on an already cooling investment climate.

  • March 31- Shares in Biofuel Energy Corp more than doubled after hedge fund manager David Einhorn and his affiliates unveiled a plan to take a controlling stake in the ethanol producer. Einhorn already holds more than 35 percent of Biofuel Energy, mostly through his investment fund, Greenlight Capital Inc, according to a regulatory filing on Friday.

  • SANTIAGO, March 31- Chile's new center-left government said it is poised to unveil a tax on carbon emissions to boost the use of less polluting energy sources and fight climate change.

  • NEW YORK, March 31- U.S. stocks rose on Monday, putting the S&P 500 on track for a second straight advance, led by technology and financial shares following comments from Federal Reserve Chair Janet Yellen. Microsoft Corp gained 2.3 percent to $41.22 and JPMorgan Chase& Co rose 1.5 percent to $60.96 as the two biggest boosts to the S&P 500..

  • *Corn falls after rallying ahead of quarterly USDA report.

  • *Ukraine denounces visit as "crude violation". *Putin, Merkel discuss Ukraine, Moldova by phone. SIMFEROPOL, Crimea, March 31- Prime Minister Dmitry Medvedev flaunted Russia's grip on Crimea by flying to the region and holding a government meeting there on Monday, angering Ukraine and defying Western demands to hand the peninsula back to Kiev.

  • *Italian banks rally on Popolare, Monte Paschi boost. Italian mid-tier banks Banco Popolare and Monte Paschi were the top risers on the STOXX Europe 600 index, surging 9.9 percent and 7.6 percent respectively compared with a 0.4 percent rise for the whole index.