GO
Loading...

Latest Business News Wires - Business Headlines

More

  • *Output -2.87 pct in Oct y/y, down a 19th straight month. BANGKOK, Nov 28- Thai factory output fell slightly more than expected in October, suggesting that the country's economic recovery remains fragile six months after the army took power to end political tension and to try restarting growth engines. The Industry Ministry said output was 2.87 percent lower than...

  • Japan bond yield goes negative as BOJ faces oil threat Thursday, 27 Nov 2014 | 11:59 PM ET

    TOKYO, Nov 28- Japanese government bonds traded at a negative yield for the first time ever on Friday, thanks to the Bank of Japan's massive asset-purchase scheme as it seeks to stoke inflation and revive an economy that slipped into recession in the third-quarter. Negative yield is an unusual, but not uncommon occurrence- record-low interest rates in Europe, for...

  • SHANGHAI, Nov 28- China stocks rallied for the seventh straight session on Friday and looked headed for their biggest monthly gain in nearly two years as a surprise interest rate cut and hopes of further policy easing re-ignited demand for mainland shares. Investors had snapped up shares in the lead-up to the launch of the Shanghai- Hong Kong stock connect...

  • Staff fear the chop in Samsung Elec annual reshuffle Thursday, 27 Nov 2014 | 11:40 PM ET

    SEOUL, Nov 28- Insiders say staff at Samsung Electronics have never been so anxious ahead of the annual reshuffle, as a weak smartphone performance and its worst earnings in three years are expected to cost many jobs. Squeezed by Chinese rivals like Xiaomi Technology at the low end and Apple's iPhones at the top, Samsung's share of the smartphone market has also...

  • *OPEC decides against cutting output. Investors took aim at currencies of oil-rich countries as oil prices fell after the OPEC decision. The yen weakened as falling oil prices softened Japan's inflation outlook, fanning expectations of more policy easing by the Bank of Japan.

  • *Longer-dated maturities capped by bounce in Tokyo shares. TOKYO, Nov 28- Yields on Japanese two-year government bonds fell below zero for the first time on Friday as the central bank continued to struggle to reflate the economy, while most other issues were steady, with gains in Tokyo stocks capping longer-dated maturities. Japan's three-month to one-year...

  • TOKYO, Nov 28- Oil prices, oil-related shares and oil-linked currencies all tumbled in Asia on Friday, in the wake of OPEC's decision to refrain from cutting output despite a huge oversupply. U.S. markets were closed on Thursday for the Thanksgiving holiday, leaving the spotlight on the Organization of Petroleum Exporting Countries' meeting in Vienna where...

  • TABLE-Reuters Asset allocation Table (Japan) Nov 2014 Thursday, 27 Nov 2014 | 10:30 PM ET

    TOKYO, Nov 28- Japanese fund managers increased their allocation of euro zone equities in their model portfolios amid expectations of more stimulus from the European Central Bank. The survey of seven Japan- based fund managers, polled between Nov. 17 and 21, showed allocations to euro zone equities increased to 17.3 percent in November from 13.8 percent in...

  • POLL-Japan fund managers raise euro zone stock weighting Thursday, 27 Nov 2014 | 10:30 PM ET

    TOKYO, Nov 28- Japanese fund managers increased their allocation of euro zone equities in their model portfolios amid expectations of more stimulus from the European Central Bank. The survey of seven Japan- based fund managers, polled between Nov. 17 and 21, showed allocations to euro zone equities increased to 17.3 percent in November from 13.8 percent in...

  • SINGAPORE, Nov 28- Nathan Tinkler, the former mining magnate who lost his fortune because of a slump in coal prices, expects global mining companies such as BHP Billiton and Rio Tinto to put their coal assets up for sale. The former electrician who became Australia's youngest billionaire by betting on unloved coal assets in pre-boom 2006 only to see his empire...

  • SINGAPORE, Nov 28- London copper slid to an eight-month low on Friday, heading for its biggest weekly loss since March, as a rout in oil triggered selling across commodities while worries over slowing global growth also pressured prices. *Three-month copper on the London Metal Exchange fell 0.9 percent to $6,497 a tonne by 0238 GMT, after settling down slightly in...

  • Authorities: Man had stun guns, machete in luggage Thursday, 27 Nov 2014 | 9:35 PM ET

    NEW YORK— Safety officials say they've found two stun guns, a machete and other weapons in a man's checked baggage at John F. Kennedy International Airport. The Port Authority of New York and New Jersey says the baggage belonged to a man heading to Dubai and the items were found by Transportation Safety Administration agents. Port Authority police say the Queens...

  • *OPEC decision a "watershed" for oil market- Barclays. SINGAPORE Nov 28- Brent crude fell towards $72 a barrel on Friday, close to a four-year low touched the day before after OPEC decided not to cut oil output to support prices. OPEC's decision, which came after Saudi Arabia blocked calls from poorer members of the Organization of the Petroleum Exporting Countries...

  • *ANA Holdings jumps to highest since Mar 2011. The Nikkei has risen over 10 percent since the Bank of Japan stunned markets with fresh easing on Oct 31. "Japan is amidst a perfect positive storm," said Stefan Worrall, director of equities cash sales at Credit Suisse.

  • Japan inflation eases, other data mixed in October Thursday, 27 Nov 2014 | 8:14 PM ET

    TOKYO— Japan's inflation rate edged lower in October, highlighting the difficulty Prime Minister Shinzo Abe faces in his campaign to overcome deflation in the world's third-largest economy. Japan slipped back into recession in the last quarter, prompting Abe to put off plans for another tax hike next year, just weeks after Japan's central bank expanded its...

  • SINGAPORE, Nov 28- Gold extended losses into a third session on Friday and was headed for a weekly drop on expectations that plunging oil prices could sap inflationary pressure, curbing the metal's appeal as a hedge. *Oil hit four-year lows around $70 a barrel on Thursday, as OPEC resisted the temptation to cut back production following the more than 30 percent...

  • TOKYO/ SINGAPORE, Nov 28- U.S. crude futures tumbled nearly $6 on Friday to the lowest since May 2010 after OPEC decided against cutting output, leaving the market with excess supply that deepened oil's months-long rout. Saudi Arabia blocked calls on Thursday from poorer members of the Organization of the Petroleum Exporting Countries for production cuts to...

  • SYDNEY, Nov 28- Global miner Rio Tinto holds excess cash to return to shareholders next year, Chief Executive Sam Walsh said. Walsh said the company was not in a position where it needed to generate cash and was happy with its debt level. Walsh in February announced Rio Tinto intended to return excess cash to shareholders in early 2015.

  • TOKYO, Nov 28- Oil prices, oil-related shares and oil-linked currencies all tumbled in Asia on Friday, in the wake of OPEC's decision to refrain from cutting output despite a huge oversupply. U.S. markets were closed on Thursday for the Thanksgiving holiday, leaving the spotlight on the Organization of Petroleum Exporting Countries' meeting in Vienna where...

  • *Weak data may hurt PM Abe ahead of Dec. 14 vote. TOKYO, Nov 28- Japan's annual core consumer inflation slowed for a third straight month in October due to falling oil prices, highlighting the economic gloom facing Premier Shinzo Abe as he campaigns for a new mandate to implement his stalled recovery plan. "Inflation could continue to slow because oil prices are...