Latest Business News Wires - Business Headlines
More
-
SYDNEY, May 22- The end of Australia's resources boom is taking its toll on investment in the sector, with A $150 billion in planned projects delayed or cancelled since April 2012, government data shows. China's economic slowdown has squashed a decade-long mining boom in Australia that drove gold, copper, iron ore and coal to record prices.
-
SINGAPORE, May 22- Asian stocks rose on Wednesday following a positive lead from Wall Street, with Japan's Nikkei reaching a fresh 5-1/ 2 year high and clinging to its gains as the Bank of Japan stood pat after unleashing massive stimulus last month.
-
SHANGHAI, May 22- China's yuan rose against the dollar on Wednesday, up from Tuesday's close but slightly short of the record intra-day high struck that day, as the central bank lets the currency appreciate further.
-
HONG KONG, May 22- Hong Kong shares started Wednesday afternoon trading lower after a severe rainstorm forced the cancellation of the morning session, with Chinese power producers again weak. The Hang Seng Index opened down 0.1 percent at 23,341.1. The China Enterprises Index of the top Chinese listings in Hong Kong also started 0.1 percent lower.
-
TOKYO, May 22- The Bank of Japan kept policy steady on Wednesday despite concerns over recent volatility in bond market, saying growth is starting to pick up even as risks loomed from an uncertain global outlook. BOJ Governor Haruhiko Kuroda will hold a news conference from 0630 GMT with his comments expected to come out any time after 0715 GMT.
-
HONG KONG, May 22- China shares were headed for a sixth-straight daily gain on Wednesday, with most automakers strong after the official China Securities Journal cited an industrial association as saying that May car sales could stay strong.
-
NEW YORK, May 21- U.S. prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Attorney Preet Bharara declined to comment, as did a spokesman for the Justice Department.
-
*Gold still trading near 2- year lows. SINGAPORE, May 22- Gold edged higher on Wednesday due to strong Chinese demand and after Federal Reserve officials allayed investor concerns that the U.S. central bank will soon exit its bullion-friendly bond purchases.
-
CHENNAI, India, May 22- Brent futures pulled further below $104 per barrel on Wednesday on concerns that peak summer demand in the world's top oil consumer may falter after data showing a stronger-than-expected rise in U.S. oil stockpiles.
-
TOKYO, May 22- The Bank of Japan on Wednesday decided to keep monetary policy on hold, but one board member tried unsuccessfully to loosen the central bank's commitment to achieving its 2 percent inflation target within two years.
-
*Coming Up; Fed's Bernanke testifies to Congress; 1400 GMT. SINGAPORE, May 22- London copper held near a two week-high on Wednesday, supported by indications the U.S. For that we need to see a resumption in demand, "analyst Dominic Schnider at UBS in Singapore said.
-
TOKYO, May 22- Japanese government bonds edged up on Wednesday in line with a rise in U.S. bonds following dovish comments from Federal Reserve officials, but the Bank of Japan's looming policy meeting kept traders on edge.
-
TOKYO, May 22- The dollar hovered some way below last week's 4-1/ 2- year high against the Japanese currency, after being dampened by hints from two U.S.
-
*Nikkei rises 1.2 pct, Topix up 0.7 pct in active trade. *Sony jumps on report of assessing spin-off proposal.
-
SINGAPORE May 22- Singapore state investor Temasek Holdings Pte Ltd has paid $500 million for a stake of around 10 percent stake in financial data provider Markit Group, a person familiar with the transaction said.
-
SINGAPORE, May 22- London copper on Wednesday held below two week-highs hit the session before after Federal Reserve officials suggested the central bank would continue its bond-buying scheme. *Copper pushed to its highest since May 8 at $7,450 a tonne on Tuesday.
-
SINGAPORE, May 22- Gold edged higher on Wednesday, buoyed by a weaker dollar after Federal Reserve officials dampened expectations that the U.S. central bank may soon exit its bullion-friendly bond purchases.
-
TOKYO, May 22- The Bank of Japan may end up pursuing its massive monetary easing for up to five years before achieving inflation levels conducive to unwinding its aggressive stimulus, a Reuters poll of BOJ watchers suggests.
-
*Gov't plans to deduct $22 bln from primary budget goal. BRASILIA, May 21- The Brazilian government has further lowered its primary budget surplus target for this year, according to an official document obtained by Reuters on Tuesday, signaling it will continue to bolster spending to support a still timid economic recovery.
-
SYDNEY, May 22- Asian stocks rose on Wednesday following a positive lead from Wall Street with Japan's Nikkei reaching a 5-1/ 2 year high, while the yen took a defensive stance ahead of the outcome of the Bank of Japan's policy meeting. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent, reversing some of Tuesday's 0.4 percent decline.