GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Twitter to start tracking users' mobile apps Thursday, 27 Nov 2014 | 11:30 AM ET

    NEW YORK, Nov 27- Twitter Inc will begin tracking what third-party apps are installed on users' mobile devices so the social media company can deliver more tailored content, including ads, the company said late on Wednesday. The feature, called "app graph," will allow the company to see what other applications users may have installed on phones or other devices.

  • *U.S. CRUDE FALLS MORE NEARLY $6 TO $67.75 A BARREL Thursday, 27 Nov 2014 | 11:30 AM ET
  • CALGARY, Alberta, Nov 27- Brent crude oil futures fell more than $4 on Thursday to below $73 a barrel after producer group OPEC said it would not cut crude production despite global oversupply. Brent fell as low as $72.74 per barrel, its lowest since August 2010, and was last trading down $4.75 at $72.98. U.S. crude oil futures also fell sharply to a low of $69.11 a barrel,...

  • MILAN, Nov 27- Technology firm Insigma has teamed up with another Chinese company to try to buy Finmeccanica's rail assets, two people familiar with the matter said, a move that could thwart a rival bid from Hitachi. Italy's Finmeccanica is selling its unprofitable train-making unit AnsaldoBreda and its 40 percent stake in Ansaldo STS, which makes rail...

  • WTO finds against Peru in farm duties case Thursday, 27 Nov 2014 | 11:26 AM ET

    GENEVA, Nov 27- A World Trade Organisation dispute panel ruled on Wednesday that Peru was violating global trade rules in imposing additional duties on key agricultural products when their international prices fell below a set floor. The case was brought to the WTO last April by Guatemala, which argued that its exports to Peru had suffered under the measure...

  • *Saudi's Naimi says OPEC made "great decision". *Venezuela, Algeria wanted OPEC to reduce output. The outcome effectively means a battle for market share between OPEC and non- OPEC countries as a boom in U.S. shale oil production and weaker economic growth in China and Europe have already sent crude prices down about a third since June.

  • *Oil prices slide as OPEC opts not to cut output. LONDON, Nov 27- Gold eased on Thursday, hurt by a sharp drop in oil prices, strength in the dollar and fresh outflows from bullion-backed funds, with traders cautious ahead of this weekend's Swiss referendum on central bank bullion assets. Spot gold was down 0.3 percent at $1,193.85 an ounce at 1549 GMT, while U.S. gold...

  • Russia's Rosneft says OPEC decision won't affect its work Thursday, 27 Nov 2014 | 11:12 AM ET

    MOSCOW, Nov 27- Russia's top oil producer Rosneft said on Thursday that a decision by OPEC to leave its output unchanged despite flagging oil prices would not affect the work of the company. "Rosneft has a sufficient safety margin, given the fact that net production cost is the lowest in the world-- just above 4 dollars/ barrel." Earlier on Thursday, Gulf oil producers...

  • BRENT CRUDE OIL FALLS BELOW $74 PER BARREL AFTER OPEC MEETING@. CALGARY, Alberta, Nov 27- Brent crude oil futures fell below $74 per barrel on Thursday after the producer group OPEC decided not to cut crude production despite global oversupply. Brent dropped to $73.80 a barrel, its lowest since August 2010, before paring losses to last trade down $3.71 on the day at...

  • VIENNA, Nov 27- OPEC oil producers agreed on Thursday to keep their official joint production target at 30 million barrels per day, the 12- member group said in a statement at the end of their biannual meeting in Vienna. The Organization of the Petroleum Exporting Countries, which met after oil prices had fallen by more than 30 percent in five months, expressed...

  • Nigeria parliament: Shell should pay $3.6 billion Thursday, 27 Nov 2014 | 10:56 AM ET

    WARRI, Nigeria— A parliament committee in Nigeria says that Shell should pay $3.6 billion in fines as punishment for a 2011 oil spill. The United Nations Environment Program has repeatedly criticized Shell for not doing enough to clean up oil spills and maintain its infrastructures in Nigeria. Shell Nigeria is half owned by the Nigerian state.

  • MADRID, Nov 27- Mexican billionaire Carlos Slim is set to become the largest investor in Spanish builder FCC after agreeing to buy top shareholder Esther Koplowitz's part of a $1.3 billion capital increase. But the investment of around 700 million euros in FCC, one of the Spain's top employers, is his highest profile move in the country. In a statement to Spain's...

  • U.S. crude oil falls to 4-1/2 year low of $70.75 a barrel Thursday, 27 Nov 2014 | 10:44 AM ET

    CRUDE OIL FALLS TO 4-1/ 2 YEAR LOW OF $70.75 A BARREL@. CALGARY, Alberta, Nov 27- U.S. crude oil futures fell nearly $3 to $70.75 per barrel on Thursday, its lowest since June 2010, after the OPEC producer group decided not to cut crude production despite global oversupply. OPEC Secretary-General Abudulla al-Badri said the organization has "no target price", when asked...

  • Germany's DAX extends rally; OPEC sinks energy firms Thursday, 27 Nov 2014 | 10:32 AM ET

    *Energy shares under pressure as OPEC maintains supply. LONDON, Nov 27- European shares rose on Thursday led by the German DAX, which extended its recent sharp rally on the back of encouraging data and expectations of further stimulus measures from the European Central Bank. At the same time weak inflation data raised again the spectre of deflation in the region,...

  • *Norwegian crown hit as OPEC keeps oil output unchanged. LONDON, Nov 27- The euro fell against the dollar on Thursday after data showed German inflation sinking to its lowest since February 2010 in November, reinforcing bets the European Central Bank will ease monetary policy more aggressively. Oil-rich Norway's crown slid crown slid 1 percent to 8.6190 per...

  • UPDATE 5-Saudis win case for no OPEC output cut Thursday, 27 Nov 2014 | 10:24 AM ET

    *Naimi says OPEC made "great decision". *Venezuela, Algeria saw need for OPEC to reduce output. VIENNA, Nov 27- Gulf oil producers led by Saudi Arabia on Thursday won the case for keeping OPEC output unchanged, overriding calls from poorer members of the exporters' group for action to halt a slide in crude prices.

  • VIENNA— OPEC oil ministers decide to keep present output target of 30 million barrels a day.

  • Since 1997, the UAE dirham has been fixed at a rate of 3.6725 to $1. For over a decade, fluctuations in global oil prices and economies have prompted some economists to suggest the UAE consider abolishing the peg and tying its currency to something else, perhaps a basket featuring the price of oil. This could give the UAE more flexibility to conduct its own monetary...

  • *Coke to buy SABMiller some non-alcoholic brands. *SABMiller says merger to save soft drink expansion spending. JOHANNESBURG, Nov 27- SABMiller and Coca-Cola will combine the operations which mix, bottle and distribute their soft drinks in Africa, creating a group with sales of $2.9 billion and ambitions to corner a fast-growing market.

  • *Process will enable Sasol to meet new environmental rules. *Sasol claims process is a world first. SECUNDA, South Africa, Nov 27- South African petrochemicals company Sasol said it opened an industrial plant that converts toxic waste sludge into fertiliser this week, in an effort to stay ahead of new and tighter environmental regulations.