Latest Business News Wires - Business Headlines


  • WARSAW, April 9- U.S. computing company Hewlett-Packard Co. will on Wednesday acknowledge "corrupt" activities in Poland, Polish Interior Minister Bartlomiej Sienkiewicz said. It's a breakthrough moment in Poland when a great international company acknowledges its corrupt activities in Poland, "Sienkiewicz told Polish public radio.

  • Sanctions trump patriotism for Russian banks in Crimea Wednesday, 9 Apr 2014 | 4:35 AM ET

    With Ukrainian and Western banks closing, Crimea's 2 million people have been forced to deal with a cash economy since Russia annexed the Black Sea peninsula last month- an illustration of the economic obstacles that might lie ahead for a contested region.

  • *Ukraine unrest keeps uncertainty simmering. It was an easier start for European bourses after a difficult couple of days during which tensions have escalated in Ukraine and the European Central Bank has tempered expectations of new mass asset-buying programme.

  • MOSCOW, April 9- Russia's biggest gold miner Polyus Gold is considering delisting from London, Kommersant newspaper said on Wednesday, the first Russian company to suggest it may heed a call by officials to bring assets home to survive Western sanctions.

  • *Shares up 6.6 pct in Hong Kong, outperform index. MOSCOW/ HONG KONG, April 9- Lenders have granted Russian aluminium group Rusal a three-month breather, giving the loss-making firm time to try to hammer out revised terms for $3.7 billion of debt repayments without risk of default.

  • FOREX-Dollar recovers, central banks seen buying euro Wednesday, 9 Apr 2014 | 4:22 AM ET

    LONDON, April 9- The dollar bounced back a third of a percent against the yen on Wednesday after its biggest fall in more than seven months against the Japanese currency, while the New Zealand and Australian dollars both made some progress. A meeting of the Riksbank was an early focus in Europe.

  • *Signs of demand pick up in China's physical markets- Standard Bank. SYDNEY, April 9- London copper slipped on Wednesday below one-week highs touched in the previous session, after a China state agency said the window for stimulus measures was narrowing.

  • HONG KONG, April 9- China Vanke Co Ltd, the country's largest listed real estate developer, is looking to invest in property firms held by state-owned enterprises as Beijing gradually relaxes its hold on government assets. As part of the government's reform plans, Beijing has promised to allow more private participation in state-owned enterprises.

  • SHANGHAI, April 9- Hong Kong shares ended at its highest in 11 weeks on Wednesday, as a rebound in casino shares and index-heavyweight Tencent pushed the index to its best close since end-January.

  • MOSCOW, April 9- Russia plans to expand its East Siberia-Pacific Ocean pipeline to 80 million tonnes by 2020, Energy Minister Alexander Novak said on Wednesday. Russia is pumping oil to Asia via ESPO, which ends up in the Pacific port of Kozmino and via the ESPO spur to China.

  • European shares edge higher, travel firms in demand Wednesday, 9 Apr 2014 | 3:19 AM ET

    Appetite for stocks was boosted by a recovery on Wall Street overnight, although rising gold and oil prices demonstrated the market's vulnerability to continued tensions in Ukraine, where the United States accused Russian agents on Tuesday of stirring separatist unrest.

  • *Tentative IPO price range at 1,600- 1800 yen vs earlier estimate 2,300 yen. TOKYO, April 9- Japanese railway and property conglomerate Seibu Holdings on Wednesday slashed the price of its initial public offering and said its largest shareholder, U.S. private equity firm Cerberus, would not participate in one of Japan's biggest IPOs this year.

  • SHANGHAI, April 9- China shares ended at a new 7- week high on Wednesday, as certain tech stocks outperformed but profit-taking in banking shares weighed on index performance. Industrial Bank Co Ltd slid 0.6 percent, while China Minsheng Banking Corp Ltd and Ping An Bank Co Ltd shed 1.1 percent and 0.8 percent, respectively.

  • MOSCOW, April 9- Russia's largest steelmaker, Evraz, posted on Wednesday a 2013 net loss of $572 million, 35 percent deeper than in 2012 due to "cyclical headwinds" and said the political standoff with Ukraine could hit its business.

  • *Toyota gives no cost estimate for recall. TOKYO, April 9- Toyota Motor Corp said on Wednesday it would recall 6.39 million vehicles globally for faults affecting various parts ranging from steering to seats in the company's second-largest recall to date.

  • BERLIN, April 9- German imports climbed to their highest level since reunification while exports fell in February, in a sign that domestic demand in Europe's largest economy is gathering pace.

  • April 9- Searchers have time and tide against them as they narrow the hunt for a missing Malaysian Airlines jet using final "pings" from flight recorders soon to fall silent.

  • TOKYO, April 9- Japanese stocks stumbled 2.1 percent to a three-week low on Wednesday after the Bank of Japan Governor Haruhiko Kuroda raised doubts over whether the central bank will ease its policy stance anytime soon, sending the yen higher.

  • April 9- IP Group Plc. *Announces that it has signed an IP commercialisation agreement with Princeton University. *Collaboration, which has an initial pilot phase of 18 months, will focus on developing early-stage, proof of principle opportunities based on intellectual property developed at Princeton.

  • TOKYO/ SYDNEY, April 9- The dollar retook a bit of the ground it lost in the previous session but still languished near a three-week low against a basket of major currencies on Wednesday, having broken decisively lower as the yen squeezed higher and the euro gained a tailwind.