GO
Loading...

Latest Business News Wires - Business Headlines

More

  • SINGAPORE, Jan 20- Brent crude edged down towards $106 per barrel on Monday, pulled lower by a strong dollar, while robust Chinese economic data helped ease some fears of a hard landing in the world's second-largest economy.

  • NEW YORK, Jan 20- After years of hiding under their desks, short sellers are re-emerging- slowly. Investors who make a living betting that stock prices will fall are happy to forget 2013: The S&P 500 gained nearly 30 percent while Credit Suisse's index of hedge funds with a dedicated short bias lost 25 percent.

  • HONG KONG, Jan 20- Anheuser-Busch InBev SA, the world's largest brewer, has agreed to buy South Korea's Oriental Brewery Co Ltd from KKR& Co and Affinity Equity Partners for $5.8 billion including debt, regaining ownership of a key Asian asset at a time of strong growth in the industry across the region.

  • HONG KONG, Jan 20- Anheuser-Busch InBev SA has agreed to buy South Korea's Oriental Brewery Co Ltd from KKR& Co and Affinity Equity Partners for $5.8 billion including debt, the companies said in a joint statement on Monday.

  • The GUPC, led by Spanish company Sacyr, said the overruns were caused by problems including flawed geological studies carried out by the Panama Canal Authority, a semi-independent government entity that has managed the waterway since the United States transferred ownership to Panama in 1999..

  • *First Tractor spikes on news of China's policy priorities. HONG KONG, Jan 20- China shares listed in Hong Kong fell to 4-1/ 2- month lows early on Monday, then trimmed losses after data showed the world's second-largest economy grew at a slightly faster-than-expected pace in the fourth quarter.

  • BEIJING, Jan 20- China's oil consumption in 2013 experienced the slowest rise in five years, data showed on Monday, because of easing economic growth but the pace is expected to accelerate this year as new refineries start up. China's oil consumption is a key factor in determining oil prices and has driven global demand growth for most of the past decade.

  • BEIJING, Jan 20- Growth in real estate investment and property sales accelerated in China in 2013, a sign the booming property market has resisted Beijing's sustained efforts to cool it down.

  • TOKYO, Jan 20- Japan's government agreed on Monday to make it easier for firms to hire foreign workers for highly-skilled positions and as trainees to offset a declining workforce and accelerate economic growth.

  • FRANKFURT, Jan 19- Deutsche Bank posted a surprise pre-tax loss of 1.15 billion euros for the fourth quarter due to heavy costs for litigation and restructuring, and warned that 2014 would be another year of further challenges and reform.

  • SYDNEY, Jan 20- London copper was barely changed on Monday as markets shrugged off easing fourth quarter economic growth in China, the world's top metals consumer, and instead focused on tight supply.

  • *China's Q4 GDP +7.7 pct y/y vs +7.6 pct in Reuters poll. SYDNEY/ SINGAPORE, Jan 20- The U.S. dollar set a two-month high versus the euro on Monday, having enjoyed a solid comeback last week after a string of mostly upbeat data convinced markets the Federal Reserve will continue its gradual withdrawal of stimulus.

  • *China's economy grows slightly faster than expected in 4 Q. SINGAPORE, Jan 20- Brent crude edged down towards $106 per barrel on Monday, pulled lower by a strong dollar, while robust Chinese economic data helped ease some fears of a hard landing in the world's second largest economy.

  • BEIJING, Jan 20- China, the world's top buyer of raw cotton and soy, will this year scrap its controversial scheme to stockpile the commodities and will trial direct subsidies for farmers instead, the government said in a policy document.

  • BEIJING, Jan 20- China's implied oil demand grew 1.6 percent for 2013, the weakest yearly growth in five years, and fell 7.5 percent in December from a year earlier according to Reuters calculations based on government data. Inventory changes, which China rarely divulges, are not included.

  • SYDNEY, Jan 20- Asian markets managed a muted cheer on Monday as China reported economic growth that was a fraction ahead of forecasts, though it was not enough to brighten the general mood of risk aversion. Most share markets in the region stayed in the red with Tokyo off 0.6 percent, Sydney 0.45 percent and Shanghai 0.2 percent.

  • HONG KONG, Jan 20- The Shanghai Composite Index dipped below the key 2,000- point level early on Monday to its lowest in 5-1/ 2 months, led by financials but unmoved by data that showed China's annual growth came in slightly higher than expected. At 0226 GMT, the Shanghai Composite Index was down 0.4 percent at 1,996.2 points, its lowest since July 31.

  • China 2013 property investment up 19.8 pct y/y Sunday, 19 Jan 2014 | 9:07 PM ET

    BEIJING, Jan 20- China's real estate investment rose 19.8 percent in 2013 from the same period a year earlier, while revenue from property sales rose 26.3 percent, the National Bureau of Statistics said on Monday.

  • China Q4 economic growth eases to 7.7 pct yr/yr Sunday, 19 Jan 2014 | 9:03 PM ET

    BEIJING, Jan 20- China's annual economic growth eased to 7.7 percent between October and December 2013 from 7.8 percent in the previous three months, slightly ahead of market expectations for growth of 7.6 percent, data showed on Monday.

  • *Nintendo's loss forecast disappoints market. TOKYO, Jan 20- Japan's Nikkei average dropped to a one-week low on Monday, tracking declines in U.S. shares, while Nintendo Co Ltd plunged by nearly a fifth after the game maker forecast an annual loss.

Most Popular Video

Thursday, 24 Apr 2014 | 8:49 AM ET

Today CNBC's Jim Cramer explains why he wishes his travel trust owned shares of Caterpillar, and shares his thoughts on the government's inability to create jobs.

Thursday, 24 Apr 2014 | 8:16 AM ET

Daniel Ernst, Hudson Square Research, provides perspective on Apple's earnings and growth potential. Apple is really innovating but they haven't done it in three years, Ernst says.

Thursday, 24 Apr 2014 | 8:02 AM ET

Doug Oberhelman, Caterpillar chairman & CEO, digs deep into the company's first quarter results and shares his outlook on global sales. CAT reported EPS of $1.44 on revenues of $13.24 billion, beating on both the top and bottom line.