Latest Business News Wires - Business Headlines


  • MILAN, April 11- Italy paid the lowest yield on record to sell three- and seven-year bonds at auction on Friday, a welcome relief to the country's public finances at a time when the government is betting on tax cuts to spur growth.

  • *Lowers non- OPEC supply view in 2014 by 250,000 bpd. LONDON, April 11- World oil demand will rise less than previously thought in 2014, the International Energy Agency said on Friday, due to a lower outlook for Russia's economic growth following its annexation of Crimea.

  • Rally expected in new Greek bonds when trade begins Friday, 11 Apr 2014 | 5:12 AM ET

    LONDON, April 11- Yields on Greece's new five-year bonds, sold in the bailed-out country's return to markets after a four-year absence, were expected to fall below the sale price when they began trading on Friday.

  • *Europe, China growth outweighs U.S., Brazil declines. BERLIN, April 11- Volkswagen posted on Friday the strongest monthly gain in group vehicle sales in March in more than a year, benefiting from recovering demand in core European markets that helped outweigh falling sales in the United States and Brazil.

  • LONDON, April 11- Taxes on wages rose across industrialised countries last year, as governments sought to reduce budget deficits blown out by efforts to tackle years of economic weakness following the financial crash.

  • KIEV, April 11- Ukraine needs to buy gas "urgently" from Europe via reverse flows, and hopes to secure deals from Germany's RWE and a French gas company, Energy Minister Yuri Prodan said on Friday. "We will make gas purchases from reverse flows urgently. We plan that they will be Germany's RWE and a French gas company, "he said in a speech to parliament.

  • LONDON- Global equities slip to a two-week low, with an escalating selloff on Wall Street led by technology and biotech shares on concerns of stretched valuations spreading to Asia and Europe. Co-op Bank confident of raising funds to secure future.

  • NEW DELHI, April 11- Gold and silver imports into India, the world's second-biggest buyer of the metal, dropped 40 percent to $33.46 billion in 2013/ 14, a trade ministry source said on Friday, following a series of restrictions imposed by the federal government to curtail the current account deficit.

  • April 11- Women's clothing retailer Coldwater Creek Inc on Friday filed for Chapter 11 bankruptcy, the latest in a growing list of retailers to seek protection from creditors as consumers keep a lid on spending. Coldwater Creek last October announced plans to seek strategic alternatives, including a possible sale.

  • *Sharp sell-off on Wall Street hits global stocks. LONDON, April 11- Global equities slipped to a two-week low on Friday as a sell-off on Wall Street led by technology and biotech shares and triggered by concerns that valuations are over stretched spread to Asia and Europe.

  • SHANGHAI, April 11- Hong Kong shares finished down 0.8 percent on Friday, with a sell-off in dual-listed shares dragging down Chinese shares listed in the territory.

  • LONDON, April 11- The yen fell back a third of a percent against the dollar on Friday but remained on track for its best week since the start of March as a slump in confidence in U.S. stock markets sent investors scurrying for traditional safe havens.

  • WASHINGTON, April 11- Developing nations may demand changes to the International Monetary Fund's emergency borrowing mechanism if the United States does not approve the 2010 governance overhaul for the global lender, Russia's finance minister said on Friday.


  • SYDNEY, April 11- London nickel reached its highest in 13 months on Friday and was on track to log its ninth weekly gain in 10 weeks, as a ban on ore exports from Indonesia fuelled prices of the metal used in stainless steel. China's stainless steel makers and traders stocked up on nickel ore exports from Indonesia ahead of the ban that came into force in January.

  • *Russia tensions rumble on, crimping appetite. LONDON, April 11- European shares slid at the open on Friday to leave them set for their first weekly loss in a month, tracking steep falls in Asian and U.S. stocks as equities came under pressure globally. The sector in Europe had rallied over 40 percent from the beginning of November 2012 to the start of April this year.

  • TOKYO, April 11- Sony Corp on Friday urged customers to stop using a model of its Vaio computers launched in February, saying there was a risk that the battery would catch fire. Sony said in a statement it had shipped 25,905 of the Vaio Fit 11 A in 52 countries since its launch.

  • BOAO, China, April 11- China's central bank governor, Zhou Xiaochuan, said on Friday that although credit growth was stable, the central bank remained vigilant against the risks from corporate indebtedness.

  • ISTANBUL, April 11- Moody's cut the outlook on Turkey's sovereign rating to negative on Friday, citing political turbulence, increased external financing pressure and weaker growth prospects, triggering losses in the lira.

  • Shanghai share index posts best week in two months Friday, 11 Apr 2014 | 3:16 AM ET

    SHANGHAI, April 11- The Shanghai share index on Friday clawed back some losses in early trading, when Thursday's excitement over new cross border investment rules gave way to concerns about fundamentals, to help it post the biggest weekly rise in two months.