Latest Business News Wires - Business Headlines


  • BEIJING, June 30- China will maintain a current account surplus in the near-term, while keeping it at low level, China's foreign exchange regulator said on Monday.

  • China, Tehran's largest oil client, has since late 2013 been stepping up purchases after a landmark November nuclear deal eased some sanctions on Iran and has been making up the main portion of stronger Asian imports since then.

  • *US Justice Dept due to hold news conference- sources. PARIS/ NEW YORK, June 30- The U.S. Justice Department is expected to announce on Monday a settlement with BNP Paribas involving a record fine of nearly $9 billion over alleged U.S. sanctions violations by France's biggest bank, sources familiar with the matter said.

  • SEOUL, June 30- Boeing and Airbus were among three bidders in South Korea's roughly 1.4 trillion won programme to buy four refuelling tanker aircraft, two people briefed on the matter said on Monday.

  • HONG KONG, June 30- Gains by aerospace and financial counters helped China shares rise on Monday and during the second quarter, but the main indexes retreated during the first half of 2014.. The CSI300 of the leading Shanghai and Shenzhen A-share listings gained 0.7 percent.

  • European shares inch higher; Philips rallies Monday, 30 Jun 2014 | 3:08 AM ET

    PARIS, June 30- European shares inched higher in early trade on Monday in the last session of the quarter, as investors bet that a raft of U.S. and European macro data due in the week will soothe recent worries over the pace of economic growth.

  • *Sony target to boost 2014/ 15 TV sales to 16 mln from 13.5 mln' achievable'- exec. TOKYO, June 30- Sony Corp is confident its TV division will move into the black this financial year after a decade in the red, even if it falls short of its volume sales target, the head of the newly independent division said on Monday.

  • TOKYO, June 30- Japanese shares rebounded on Monday after a sharp sell-off in the previous session, supported by fund managers' quarter-end window-dressing as well as Wall Street's advance, posting modest gains on the month and the quarter.

  • TOKYO, June 30- Sony Corp is confident its struggling TV division will move into the black in the current financial year, even if it falls short of its volume sales target, the head of the TV unit said on Monday.

  • MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent. Spread betters in Europe also predicted opening gains of between 0.1 and 0.3 percent for the FTSE 100, DAX and CAC 40. The S&P 500 EMini contract was a whisker firmer.

  • LAUNCESTON, Australia, June 30- Australia still has the Union Jack on its flag and the British queen on its coins, and was once described as the U.S. "deputy sheriff" in Asia, but the real dependency relationship is with China.

  • TOKYO/ SYDNEY, June 30- The dollar remained near a more than one-month low against a basket of major currencies on Monday, after a batch of disappointing U.S. data last week gave investors no reason to expect higher U.S. interest rates anytime soon. The dollar drifted down 0.1 percent to 101.31 yen, marking a fresh 5- week low of 101.26 yen earlier.

  • *Iraq sends tanks, armoured vehicles to dislodge insurgents from Tikrit. SINGAPORE, June 30- Brent futures dipped towards $113 a barrel on Monday, adding to last week's fall as fears of a disruption to supplies from Iraq eased after government forces launched a pushback against a Sunni militant takeover of large areas of the country.

  • *Yuan boosts China's globalisation programme. SHANGHAI, June 30- China's yuan rose against the dollar on Monday after hitting a two-week high in intraday trading as the central bank set a slightly stronger midpoint- signalling that the government is willing to keep the currency stable for now, traders said.

  • PRESS DIGEST- New York Times business news - June 30 Monday, 30 Jun 2014 | 1:04 AM ET

    June 30- The following are the top stories on the New York Times business pages. *Verizon Communications is preparing to move its corporate offices from downtown back into far smaller quarters inside the former New York Telephone building at 1095 Avenue of the Americas, at 42nd Street.

  • SHANGHAI, June 30- Chinese fund managers said they would raise the proportion of their portfolios invested in stocks over the next three months, marking a bounce from a 21- month low in May as sentiment rose on an expected loosening of liquidity, according to a Reuters poll.

  • NEW YORK, June 30- Even as BlackRock Inc is set to amass $1 trillion in exchange-traded fund assets in its iShares business, U.S. retail investors increasingly prefer to send their money to low-cost leader Vanguard Group, highlighting a weak spot for the world's biggest money manager.

  • SAN FRANCISCO/ DETROIT, June 30- In 2012, a small team of Google Inc engineers and business staffers met with several of the world's largest car makers, to discuss partnerships to build self-driving cars.

  • *Hong Kong closed on Tuesday for a public holiday. HONG KONG, June 30- China shares rose early on Monday, lifted by a surging aerospace sector and broadly stronger banks while Hong Kong markets also advanced with Macau casinos leading gains. The China Enterprises Index of the top Chinese listings in Hong Kong gained 0.7 percent.

  • SYDNEY, June 30- The Australian unit of Chinese agribusiness COFCO Corp will stop selling sugar through an industry-owned marketing body from 2017, part of a shake up of the export model in the world's third-largest shipper of raw sweetener.