Latest Business News Wires - Business Headlines


  • *Athens sees full market return in 2016. *Athens could tap markets a second time this year. The Eurogroup of finance ministers met in Athens this week, attracting about 5,000 protesters who denounced the latest measures agreed with the European Union and the International Monetary Fund to try to make the economy more competitive.

  • TORONTO/ VANCOUVER, April 2- Osisko Mining Corp said on Wednesday that Yamana Gold Inc would buy a 50 percent stake in its mining and exploration assets for C $930 million, a deal that potentially thwarts a hostile bid from Goldcorp Inc..

  • WASHINGTON, April 2- A group of top U.S. regulators on Wednesday warned about the threat of rising cyber-attacks on banks' websites and their cash machines, urging the industry to put proper measures in place to guard against fraud.

  • NEW YORK, April 2- The dollar touched a 10- week high against the Japanese yen on Wednesday as the greenback rallied on reports signalling U.S. businesses are shaking off a chill on hiring and factory orders from harsh winter weather. "The ADP report, especially the upward revision, was read as a USD positive signal" said Bryan Zarnett, currency strategist at Citi.

  • WASHINGTON, April 2- The number of conditions the International Monetary Fund attaches to its loans has grown in recent years, despite promises to limit what critics see as onerous requirements, a study showed on Wednesday.

  • SAN FRANCISCO, April 2- Microsoft Corp said on Wednesday it will give away its Windows operating system to makers of smartphones and small tablets as it seeks to grab a toehold in those fast-growing markets.

  • WASHINGTON, April 2- Officials from the U.S. government and the private non-profit group that manages the Internet's "address book" promised on Wednesday to not rush a Commerce Department plan to relinquish oversight over Internet infrastructure management.

  • WASHINGTON, April 2- The head of the International Monetary Fund on Wednesday called on the European Central Bank to ease monetary policy to move prices higher, saying "low-flation" in advanced economies risked undercutting an already sluggish global recovery.

  • UPDATE 2-Prada bets on men to accelerate sales growth Wednesday, 2 Apr 2014 | 2:20 PM ET

    *Prada to invest in menswear, shops, factories. HONG KONG/ MILAN, April 2- Italian luxury fashion group Prada is pinning its hopes on men's growing taste for finely-cut suits and leather bags to drive a pick up in sales growth in the coming years. "Men will be protagonists in our development," Prada retail director Guilio Bruni said.

  • Iowa farmland prices fall more than 5 percent -survey Wednesday, 2 Apr 2014 | 2:10 PM ET

    CHICAGO, April 2- Farmland values in Iowa, the top U.S. corn and soybean state, fell 5.4 percent over the past six months, under pressure from lower grain prices, according to a benchmark survey of realtors.

  • ZURICH, April 2- The widow of Zurich Insurance's late finance chief on Wednesday rejected a report into his suicide, telling the Swiss company's annual shareholder meeting she could not accept the findings of an investigation into his death.

  • NEW YORK, April 2- Blythe Masters, one of Wall Street's most powerful women, is leaving JPMorgan Chase& Co. after a 27- year career that began as an intern in London and concludes with the sale of the multibillion-dollar commodities business she built.

  • WASHINGTON, April 2- The Federal Financial Institutions Examination Council on Wednesday warned banks about rising cyber-attacks on their websites and their cash machines, urging them to put the proper measures in place to guard against fraud.

  • GLOBAL MARKETS-Shares at 6-year high, gold bounces back Wednesday, 2 Apr 2014 | 1:49 PM ET

    *Copper pares most gains after jump following Chile quake. NEW YORK, April 2- A global stock index edged up to a six-year high on Wednesday as U.S. data suggested the economy is improving, while the price of spot gold jumped 1 percent. "Equities are still an under-owned asset class," said Phil Camporeale, client portfolio manager at J.P.

  • MOSCOW, April 2- Russian lender VTB forecast lower loan growth across the country's banking sector this year due to a sluggish economy, and said the Ukraine crisis could affect its ability to pay dividends.

  • SAN FRANCISCO, April 2- Apple Inc, Google Inc and Facebook Inc have made significant progress in adopting renewable energy sources to power their Web services, the environmental group Greenpeace said in a report on Wednesday.

  • April 2- Monsanto Co, the world's largest seed company, reported higher-than-expected quarterly earnings on Wednesday as its corn and soybean businesses expanded globally. And despite year-to-year fluctuations in output and demand, Monsanto said it sees demand for corn worldwide surging with population and income growth over the next several years.

  • *U.S. private sector payrolls rise 191,000 in March. WASHINGTON, April 2- U.S. companies stepped up hiring in March for a second straight month, offering fresh evidence the economy was regaining momentum after a weather-driven lull over the winter.

  • TORONTO, April 2- Osisko Mining Corp said on Wednesday that Yamana Gold Inc would buy a 50 percent stake in its mining and exploration assets for C $930 million, a deal that potentially thwarts a hostile bid from rival Goldcorp Inc..

  • SAN FRANCISCO, April 2- Microsoft Corp on Wednesday formally announced it has developed a voice activated phone assistant feature called Cortana, a direct rival to Apple Inc's Siri.