Latest Business News Wires - Business Headlines


  • Russian court delays ruling on businessman's house arrest Wednesday, 24 Sep 2014 | 5:25 AM ET

    MOSCOW, Sept 24- A Moscow court adjourned on Wednesday without ruling on an appeal by businessman Vladimir Yevtushenkov against his house arrest as part of an investigation into money-laundering charges.

  • LONDON, Sept 24- Oil fell towards $96 a barrel as rising supply from Africa and Iraq offset rising tension in the Middle East and better than expected data in China. Weak European economic data and a rise in oil exports from Iraq, Libya and Nigeria have hammered the oil price, which is down nearly 14 percent this quarter.

  • PARIS, Sept 24- European stocks settled following a sharp two-day slide as the European Central Bank renewed its pledge to keep monetary policy loose for a long time, while Brent crude slipped further on excess supply. It's positive, but won't be enough to really prevent stocks from drifting lower, " Saxo Bank trader Andrea Tueni said.

  • MOSCOW, Sept 24- Russia's consumer credit market could stall next year, ending several years of break-neck growth as the economy slows and banks reduce lending, the head of one of the country's largest consumer lenders said.

  • LONDON, Sept 24- Weak German economic data and tepid corporate results pegged back European shares on Wednesday, although supportive comments from European Central Bank chief Mario Draghi limited losses.

  • Axiom wins long battle to develop Solomons nickel Wednesday, 24 Sep 2014 | 4:50 AM ET

    *Axiom says wins Solomon Islands nickel mine court battle. SYDNEY, Sept 24- Tiny Australian prospector Axiom Mining has won a three-year court battle against Japanese giant Sumitomo Metal Mining to exploit a giant nickel discovery in the South Pacific' s Solomon Islands left idle for more than half a century.

  • *Weak European economy, Ukraine crisis cause uncertainty. BERLIN, Sept 24- German business sentiment fell for a fifth straight month in September to its lowest level in nearly 1-1/ 2 years, dampening expectations for a third-quarter rebound in Europe's largest economy.

  • TOKYO, Sept 24- Japan said on Wednesday it was imposing additional sanctions on Russia because of its involvement in the Ukraine conflict and that it had also formally protested at the visit to a contested island by an aide to Russian President Vladimir Putin.

  • German business morale falls for fifth straight month Wednesday, 24 Sep 2014 | 4:09 AM ET

    BERLIN, Sept 24- German business sentiment dropped for a fifth straight month in September to its lowest level since April 2013, suggesting expectations for a strong third-quarter rebound in Europe's largest economy may need to be revisited.

  • Hong Kong shares rebound, lifted by China market Wednesday, 24 Sep 2014 | 4:07 AM ET

    HONG KONG, Sept 24- Hong Kong shares ended higher for the first time this week on Wednesday lifted by a stronger China market, with investor sentiment recovering after better-than-expected Chinese manufacturing activity. China Construction Bank Corp and Industrial and Commercial Bank of China each added more than 1 percent.

  • LONDON, Sept 24- The yen rose on Wednesday after Japanese Prime Minister Shinzo Abe voiced concern about the economic impact of its fall to a six-year low, adding to the sense of a halt this week in the dollar's record-breaking run since July.

  • MELBOURNE, Sept 24- London copper climbed away from three-month lows on Wednesday as markets grew more confident over global growth signals, although a looming oversupply of the metal kept its advance in check.

  • Japan announces additional sanctions on Russia Wednesday, 24 Sep 2014 | 3:23 AM ET

    TOKYO, Sept 24- Japan said on Wednesday that it is imposing additional sanctions on Russia, toughening its stance against Moscow to bring it more in line with steps taken by other nations, including its key ally the United States.

  • LONDON, Sept 24- European shares halted a two-day slide on Wednesday, helped by supportive comments by the European Central Bank's President, although the mood remained cautious ahead of a key German sentiment survey.

  • Shanghai shares in highest close since March 2013 Wednesday, 24 Sep 2014 | 3:07 AM ET

    HONG KONG, Sept 24- Shanghai shares finished at their highest in more than 1-1/ 2 years on Wednesday, helped by brokerage firms which rose amid optimism over policy reforms. Among top CSI300 contributors, CITIC Securities leapt 3.5 percent, Haitong Securities put on 3.3 percent, and Changjiang Securities surged the maximum allowed 10 percent.

  • UPDATE 1-Pimco ETF overseen by Bill Gross faces SEC probe Wednesday, 24 Sep 2014 | 2:50 AM ET

    The U.S. Securities and Exchange Commission's probe into the $3.6 billion Pimco Total Return Exchange-Traded Fund has been going on for at least a year, but has picked up pace in recent weeks, the Wall Street Journal reported on Tuesday, citing unnamed sources.

  • JAKARTA, Sept 24- Indonesia's president-elect Joko Widodo said on Wednesday he had not yet decided whether to temporarily halt operations at Pertamina's energy trading unit Petral, saying such a move needed to be carefully calculated. "Whether this company is making fuel inefficient, I don't know yet," Widodo, who takes office on Oct. 20, told reporters.

  • MANILA, Sept 24- China's economy will likely grow faster than previously thought in 2015, the International Monetary Fund said on Wednesday, downplaying the risks of the cooling property market in the world's second-largest economy.

  • SHANGHAI, Sept 24- General Motors Co expects to sell over three million vehicles in China for the second straight year in 2014, with its premium brand forecast to grow 40 percent, the U.S. carmaker's China President Matthew Tsien said on Wednesday.

  • Nikkei slips as U.S. air strikes hurt sentiment, lift yen Wednesday, 24 Sep 2014 | 2:10 AM ET

    TOKYO, Sept 24- Japanese shares stepped back on Wednesday, after U.S. air strikes in Syria dampened risk sentiment and curbed the yen's fall- the main driver of the market's rally in the past several weeks.