Latest Business News Wires - Business Headlines


  • BANGKOK, June 3- Consumer confidence in Thailand rose in May after falling for 13 straight months, according to a university survey carried out after the army seized power and said it will end political unrest and revive a stumbling econonomy.

  • NEW DELHI, June 3- Swathes of India's most populous state plunged into darkness for 12 hours a day last week as temperatures in Delhi hit their highest in 16 years, with the disruptions underlining the tough challenge a new government faces in keeping the lights on.

  • *OPEC oil output to hit 3- month high in May. SINGAPORE, June 3- Brent edged up near $109 a barrel on Tuesday, just off a three-week low, as positive economic indicators from the United States and China lifted the fuel demand outlook in the world's two largest oil consumers, offsetting a rise in OPEC production.

  • *Survey: Sentiment aided by military govt, payment for rice farmers. *Survey was done after May 22 military coup. BANGKOK, June 3- Data from University of the Thai Chamber of Commerce:.

  • SEOUL, June 3- South Korea's tax on coal imports for power generation will start in July and duty on some alternative fuels will be cut, the government said on Tuesday. The country's five utilities, fully owned by state-run Korea Electric Power Corp, import around 21-22 million tonnes of coal per quarter, according to industry data.

  • FDA makes access to public health data easier Monday, 2 Jun 2014 | 11:25 PM ET

    June 2- U.S. Food and Drug Administration on Monday launched openFDA, a project that will make it easier for researchers, mobile application creators, web developers and the general public to access public health data collected by the regulator.

  • By Ian Chua and Shinichi Saoshiro. SYDNEY/ TOKYO, June 3- The dollar hovered near a four-month high against a basket of major currencies early on Tuesday, bolstered by upbeat U.S. data and taking advantage of a euro that is still in the doldrums ahead of a much-anticipated European Central Bank meeting later this week.

  • BEIJING, June 3- China's services sector grew at its fastest pace in six months in May as new orders rebounded, an official survey showed, reinforcing hopes that the Chinese economy may be steadying after a tumultuous few months.

  • The final reading of the HSBC/ Markit purchasing managers' index for May rose to 49.4, lower than a preliminary reading of 49.7 but up from 48.1 in April. The final PMI was weaker than the flash reading due to an upward revision of the stocks of finished goods, HSBC said.

  • TOKYO, June 3- Japan's Nikkei share average rose above the 15,000 mark for the first time in two months after investors took heart from upbeat U.S. data, while the weaker yen spurred buying in exporters and index-heavyweight stocks such as SoftBank Corp. The Nikkei gained 1.0 percent to 15,083.69 in mid-morning trade after opening at 15,089.04, the highest since April 4.

  • News of the settlement talks comes just a few months after a Securities and Exchange Commission Administrative Law Judge handed down a harsh 112- page ruling that chastised the firms for failing to share audit work that SEC investigators believe could help them uncover accounting fraud.

  • TOKYO, June 3- The Bank of Japan will expand its asset purchase program later this year although its bullish views on the economy and inflation have reduced the likelihood of such a move next month, a Reuters poll showed on Tuesday.

  • SYDNEY, June 3- Shanghai copper rallied towards its highest in more than three months on Tuesday, buoyed by signs of reviving momentum in China's economy as the top metals user returned from a holiday weekend.

  • TOKYO, June 3- Bank of Japan Governor Haruhiko Kuroda warned on Tuesday against prematurely discussing a strategy for withdrawing its massive stimulus program, stressing that the priority now was to keep flooding markets with cash to meet the bank's inflation target.

  • June 2- Pilgrim's Pride Corp is planning to raise its offer for Hillshire Brands Co a week after it first offered to buy the maker of Jimmy Dean Sausages in a $6.4 billion deal, the Wall Street Journal reported on Monday, citing people familiar with the matter.

  • *GPIF's portfolio larger than Mexico's economy. TOKYO, June 3- Japan's public pension fund, the world's biggest, could raise its investment in domestic stocks to 20 percent of its portfolio from the current 12 percent, a top official with the fund was quoted as saying on Tuesday.

  • SAN FRANCISCO, June 2- An Intel vice president is among six climbers missing and presumed dead in the worst accident in three decades on Washington's Mount Rainier, the company said on Monday as search efforts for the group were scaled back.

  • SINGAPORE, June 3- U.S. crude held steady above $102 a barrel on Tuesday, but was near a two-week low as a rise in OPEC supply offset an improved demand outlook after manufacturing activity expanded in the United States and China last month.

  • TOKYO, June 3- Nikkei led Asian shares higher on Tuesday, supported by solid U.S. and Chinese manufacturing data, while the euro dragged its feet near a 3 1/ 2- month low on expectations of fresh monetary easing by the European Central Bank.

  • SINGAPORE, June 3- Gold steadied after a five-day losing streak on Tuesday but was still trading near its lowest level in four months as stronger equities dented the metal's investment-hedge appeal. *Gold is often seen as an alternative investment to riskier assets such as stocks.