Latest Business News Wires - Business Headlines


  • HOUSTON, July 23- U.S. oil and gas company Apache Corp told Reuters it is looking at ways to wring more cash out of its valuable mineral rights, as it and other energy companies face investor pressure to tap more profits from the North American shale boom.

  • July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.

  • HONG KONG, July 23- The index of major Chinese companies listed in Hong Kong surged early Wednesday, getting close to its 2014 peak, as investors particularly targeted financial and energy counters seen as undervalued. At midday, the CSI300 of the leading Shanghai and Shenzhen A-share listings was up 0.3 percent to a 3- month high.

  • Asia stocks bolstered by US earnings, home sales Wednesday, 23 Jul 2014 | 12:45 AM ET

    Hong Kong's Hang Seng was up 0.8 percent to 23,962.98 and Australia's S&P/ASX 200 rose 0.6 percent to 5,575.10 helped by the brisk output report by mining giant BHP Billiton.

  • JGBs steady, 20-year tenor firms after solid auction Wednesday, 23 Jul 2014 | 12:41 AM ET

    TOKYO, July 23- Twenty-year Japanese government bonds outperformed on Wednesday after an auction pointed to growing demand for that tenor. The Bank of Japan refrained from offering to buy JGBs under its asset-purchase programme, as it does when the Ministry of Finance conducts sales.

  • Brent holds steady above $107; U.S. oil stocks in focus Wednesday, 23 Jul 2014 | 12:33 AM ET

    EU threatens new sanctions on Russia. The European Union threatened Russia with harsher sanctions over Ukraine, while Israel pounded targets across the Gaza Strip with no ceasefire in sight. Brent crude for September delivery fell 6 cents to $107.27 a barrel by 0333 GMT, after slipping 35 cents in the previous session.

  • SYDNEY, July 23- Brazil's BTG Pactual has received a green light from the London Metal Exchange to set up warehousing operations in Singapore, marking the investment bank's first foray into Asia as builds out its physical metals business.

  • SEC poised to end $1 a share for some money funds Wednesday, 23 Jul 2014 | 12:03 AM ET

    WASHINGTON— Regulators are expected to vote Wednesday to end a longtime staple of the investment industry— the fixed $1 share price for money-market mutual funds— at least for some money funds used by big investors.

  • U.S. SEC poised to adopt reforms for money market funds Wednesday, 23 Jul 2014 | 12:01 AM ET

    The reform will impact a wide variety of asset managers, from Blackrock Inc, Fidelity and Vanguard to Charles Schwab Corp, Pimco and Federated Investors Inc.. The two-pronged reform for the $2.6 trillion industry comes after a long battle between the SEC, the industry and federal banking regulators.

  • BEIJING, July 23- China saw some capital outflows in the second quarter, the country's foreign exchange regulator said on Wednesday, adding that the yuan is now recovering as the economy stabilises.

  • *Gold steady after overnight losses but holds above $1,300 Tensions over Ukraine, Gaza strip continue to support. SINGAPORE, July 23- Gold held steady on Wednesday in Asia after dipping overnight, and looked likely to hold above $1,300 an ounce in the near term as geopolitical tensions from crises in Ukraine and the Gaza strip brought safe-haven bids.

  • Violence continued in Gaza, but hopes rose for an easing of tension in Ukraine after pro-Russian rebels handed the flight recorders and victims' remains from a downed Malaysian airliner to international authorities.

  • AP source: Thieves got into 1K StubHub accounts Tuesday, 22 Jul 2014 | 10:24 PM ET

    Manhattan District Attorney Cyrus R. Vance Jr. was expected to hold a news conference Wednesday with London and Royal Canadian Mounted Police officials.

  • China sees capital outflows in Q2 - FX regulator Tuesday, 22 Jul 2014 | 10:24 PM ET

    BEIJING, July 23- China experienced some capital outflows in the second quarter, the country's foreign exchange regulator said on Wednesday, adding that the yuan is rebounding as the Chinese economy stabilizes.

  • Nikkei flat as investors avoid risk on Gaza worries Tuesday, 22 Jul 2014 | 10:03 PM ET

    *Ukraine tension eases but Gaza worries keep investors risk averse- analysts. TOKYO, July 23- Japan's Nikkei share average was flat on Wednesday morning as investors avoided risk due to geopolitical concerns in the Gaza Strip, which offset upbeat sentiment from gains in U.S. and European markets overnight.

  • AP Top Financial News At 9:49 p.m. EDT Tuesday, 22 Jul 2014 | 9:49 PM ET

    Contrarian's case: Why US could dip into recession Airlines scrap Israel flights over missile fear Apple post biggest earnings gain in nearly 2 years Microsoft CEO sees' bold' plan as 4 Q tops Street US stocks climb as earnings reports roll in Ackman goes after Herbalife's nutrition clubs Beretta: Gun law forcing move out of Maryland US home sales increase 2.6 percent in June Geopolitical tensions seen keeping oil prices high Chrysler recalls Jeep SUVs for ignition switches

  • SYDNEY, July 23- London zinc and aluminium were poised near recent 3 year and 17- month peaks respectively on Wednesday on renewed interest from investors, but given a seasonal slowdown in demand, traders wondered just how much further prices could run.

  • New CEOs urge Market Basket workers to return Tuesday, 22 Jul 2014 | 9:23 PM ET

    TEWKSBURY, Mass.— The Market Basket supermarket chain's new co-CEOs on Tuesday urged protesting employees to go back to work, saying they are committed to continuing the company's "tradition of excellence and dedication."

  • SAN FRANCISCO, July 22- Apple Inc's iPad is losing steam just four years after its release, but an alliance with International Business Machines Corp could rejuvenate a flagging product by entering into a largely untapped corporate market.

  • Review: Amazon Fire offers new ways to use phones Tuesday, 22 Jul 2014 | 9:01 PM ET

    NEW YORK— What I find fascinating about Amazon's Fire phone isn't the gizmos such as the 3- D imagery or the camera scanner that helps you get more information about products. Rather, I like that Amazon is thinking a lot about how phones ought to work. The Fire phone uses Android, but Amazon has modified it to the point that it's barely recognizable.