Latest Business News Wires - Business Headlines


  • Reuters Business News Schedule at 0930 GMT Monday, 29 Oct 2012 | 9:51 AM ET

    The Reuters business schedule runs at the following times: 0230,0630 GMT- Mathew Veedon +65 6870-3827 0830,1230 GMT- Malcolm Davidson +44 20 7542 6958 1530,1930 GMT- Franklin Paul, Chris Kaufman +1 646 223 6200.

  • Earnings worries hit European shares Monday, 29 Oct 2012 | 9:44 AM ET

    *Traders cite worries over corporate results, Spain. Spain's IBEX stock market outperformed the broader market, dipping 0.2 percent after European Central Bank policymaker Ewald Nowotny said the country had no immediate need of help from the bank's planned new bond-buying programme.

  • Oct 29- Category 1 Hurricane Sandy was strengthening and the center of the storm was forecast to move over the coast of U.S. mid-Atlantic states by Monday night, the U.S. National Hurricane Center said on Monday.

  • *U.S. East Coast refineries cut output ahead of hurricane. LONDON, Oct 29- Brent crude oil fell below $109 a barrel on Monday as refineries along the U.S. East Coast wound down operations ahead of the approach of Hurricane Sandy, reducing crude use in the world's largest oil consumer.

  • NEW DELHI/ MUMBAI, Oct 29- India's new oil minister has promised to speed decision making in an effort to attract foreign investment, and will push domestic oil companies to aggressively bid for foreign oil and gas assets to meet growing energy demand.

  • FOREX-Euro falls on uncertainty over Greece, Spain Monday, 29 Oct 2012 | 9:09 AM ET

    LONDON, Oct 29- The euro fell on Monday, hurt by uncertainty over whether Greece can agree to a deal on austerity and with no sign of when Spain might request aid. Near-bankrupt Greece needs a comprehensive deal on an austerity package to unlock its next tranche of aid before it runs out of cash in mid-November.

  • *Shionogi takes 10 pct stake in GSK, Pfizer joint venture. LONDON/ TOKYO, Oct 29- GlaxoSmithKline has raised its bet on a promising drug for HIV/AIDS by redrawing a deal with Japan's Shionogi, giving it a much bigger economic interest in the new product.

  • As Hurricane Sandy bears down on the New York area, regulators, exchanges and brokers grew increasingly worried about the integrity of markets and the safety of employees. A number of companies have postponed scheduled earnings releases, including Pfizer Inc and power firm Entergy Corp, and more were expected to follow suit.

  • *Exec hopes China output back to normal in Feb. TOKYO, Oct 29- Honda Motor Co cut its full-year net profit forecast by a fifth after sales in China were hit by a popular backlash against Japanese goods, and warned it could be February before business in the world's biggest autos market returns to normal.

  • *Hong Kong developers slump on fears curbs will crimp sales. *Hong Kong turnover lowest in almost two weeks, Shanghai weak too. HONG KONG, Oct 29- Hong Kong shares edged lower on Monday, as local developers tumbled on fears that new measures to cool soaring property prices will sap demand, but broader losses were limited by earnings-driven strength in Chinese banks.

  • But activity everywhere was expected to be thin as a massive hurricane closed in on the U.S. East Coast causing regulators to close stock and options trading on Wall Street. London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX opened down between 0.3 and 0.7 percent.

  • BEIJING, Oct 29- Toyota Motor Corp blames its China underperformance on the widespread anti- Japan protests triggered by a territorial row.

  • *China Telecom Q3 net down, lags China Mobile's 1.3 pct rise, Unicom's 27 pct gain. HONG KONG, Oct 29- China Telecom and China Unicom are set to further narrow the gap in 3 G subscribers with bigger rival China Mobile when Apple launches the iPhone 5 in the world's largest smartphone market as early as this quarter.

  • TOKYO, Oct 29- Nomura Holdings, Japan's largest investment bank, posted its fourth straight quarterly profit on Monday as an upswing in its fixed income operations helped it counter weak equity markets and the fallout from an insider trading probe.

  • MANILA, Oct 29- The Philippines, Asia's most aggressive issuer of sovereign debt, is a notch away from an investment grade credit rating after Moody's Investors Service upgraded its ratings by one level on Monday.

  • KIEV, Oct 29- Ukrainian President Victor Yanukovich's party was on Monday on course to secure a parliamentary majority after an election, but will face an opposition boosted by resurgent nationalists and a liberal party led by boxing champion Vitaly Klitschko.

  • Reuters World News Highlights at 0820 GMT, Oct 29 Monday, 29 Oct 2012 | 8:20 AM ET

    NEW YORK- Hurricane Sandy, which could become the largest storm ever to hit the United States, is set to bring much of the East Coast, including New York and Washington, to a virtual standstill in the next few days with battering winds, flooding and the risk of widespread power outages.

  • European shares fall on Spain and earnings worries Monday, 29 Oct 2012 | 8:09 AM ET

    LONDON, Oct 29- European shares fell on Monday as uncertainty over any rescue deal for Spain and worries over weak results from the region's top companies pushed stock markets lower.

  • Move offers rare chance for miners who may not have considered Japan. TOKYO, Oct 29- Japan's biggest utility, Tokyo Electric Power Co, plans to buy coal from a wider group of suppliers in a drive to cut costs as it starts operations of new coal-fired power stations, a company official said.

  • SINGAPORE, Oct 29- Oil slipped on Monday, with Brent below $109 a barrel, as refineries along the U.S. East Coast wind down operations ahead of approaching Hurricane Sandy, reducing crude use in the world's largest oil consumer.