Latest Business News Wires - Business Headlines


  • Staff exodus to weigh on Infosys turnaround efforts Friday, 11 Apr 2014 | 7:30 AM ET

    *Infosys seen posting 18 pct growth in Q4 net profit, lagging rivals. MUMBAI, April 11- An exodus of senior executives and staff at India's second largest IT outsourcing firm, Infosys Ltd, could hamper efforts to win lucrative contracts in the United States and Europe, and weigh on its profit growth outlook for this year.

  • Iran's oil exports in Feb hit 20-month high -IEA Friday, 11 Apr 2014 | 7:29 AM ET

    LONDON, April 11- Iran's crude oil exports have surged to their highest in 20 months, far exceeding a one million barrel-per-day limit set by the West under an interim deal on curbing Tehran's nuclear programme.

  • TOKYO, April 11- Honda Motor Co said on Friday it may postpone the start-up of a new $530 million manufacturing plant in Thailand as economic and political uncertainty drives automakers to rethink their investments.

  • FOREX-No respite for dollar after rough week Friday, 11 Apr 2014 | 7:18 AM ET

    In morning trade in Europe, it was down 0.06 percent against the yen and 0.04 percent up against the euro at 101.46 yen and $1.3892 respectively. "The dollar is looking weak against the yen and sterling, while the euro continues to surprise us," said Lee McDarby, executive director of UK corporate FX sales at Nomura International Plc in London.

  • VIENNA, April 11- European Energy Commissioner Guenther Oettinger is working on a plan to help Ukraine pay some of its gas bills to Russia, he told Austria's ORF radio on Friday, saying there was "no reason to panic" about Russian gas supplies to Europe.

  • April 11- JPMorgan Chase& Co reported a 19 percent decline in first-quarter profit as revenue from securities trading fell in a climate of uncertainty about the strength of the economic recovery and the Federal Reserve's intentions on interest rates.

  • LONDON, April 11- Nickel hit a 13- month high on Friday as Indonesia's ban on ore exports kept market supplies tight, though risks are rising that lofty prices will encourage buyers to look for cheaper sources of supply.

  • *MSCI World index falls 0.5 pct, MSCI Europe down 1.2 pct. *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 growing concerns that valuations are over stretched spread to Asia and Europe.

  • RIO DE JANEIRO, April 11- The purchase of a Texas oil refinery by Brazil's state-run oil company has become a campaign issue as opponents of President Dilma Rousseff use it to attack her reputation as a no-nonsense manager and weaken her lead ahead of the October election.

  • ISTANBUL, April 11- Prime Minister Tayyip Erdogan suffered a double blow to his authority when Turkey's top court annulled part of a law tightening government control of the judiciary on Friday hours after Moody's cut its rating outlook.

  • Greek yields rise as market comeback euphoria fades Friday, 11 Apr 2014 | 6:50 AM ET

    LONDON, April 11- Greek bond yields rose on Friday as investors booked profits on the rally that preceded Greece's return to debt markets, although its new five-year bond held up relatively well in early trading.

  • PARIS, April 11- Global supply and demand for crude oil should continue to be fairly balanced this year, the secretary general of OPEC said, signalling the group is likely to leave its existing output ceiling in place at its June meeting.

  • SINGAPORE/ TOKYO, April 11- At least one soybean cargo defaulted on by Chinese importers was sold by Japan's Marubeni Corp, three sources said, as slowing demand and tightening credit in the world's top importer hits oilseed trade.

  • LONDON, April 11- Gold steadied below 2-1/ 2 week highs on Friday, heading for its best week in a month on sagging risk appetite and increasing hopes the U.S. Gold futures for June delivery were down 0.1 percent to $1,319.40 an ounce.

  • OSLO, April 11- Royal Dutch Shell has dropped one of Norway's biggest and most innovative industrial projects due to rising costs and complexity, dealing a blow to a technology that some hope could revolutionise offshore production.

  • Another bank threatens to quit Austria over taxes Friday, 11 Apr 2014 | 6:08 AM ET

    VIENNA, April 11- The head of the Raiffeisen bank in the Austrian province of Upper Austria has threatened to move its headquarters across the border to Germany in a growing row with the government over a bank levy which lenders say is too onerous.

  • *Plenty of room to grow in France, Spain. OSLO, April 11- High-flying Norwegian media and classifieds firm Schibsted plans to keep expanding and sees a shift to mobile platforms as the advertising sector's next transformation, its chief executive said.

  • U.S. and China appeal WTO rulings Friday, 11 Apr 2014 | 5:51 AM ET

    GENEVA, April 11- The United States and China have both appealed against recent rulings in disputes at the World Trade Organization, filings published by the WTO showed on Friday.

  • KUALA LUMPUR, April 11- Malaysia's government has begun investigating civil aviation and military authorities to determine why opportunities to identify and track Malaysia Airlines Flight MH370 were missed in the chaotic hours after it vanished, two officials said.

  • LONDON, April 11- Brent oil futures dipped towards $107 a barrel on Friday following a weaker outlook for 2014 global demand growth from the International Energy Agency and due to expectations that more Libyan crude will reach the market next week. Brent crude was down 29 cents at $107.17 a barrel by 0927 GMT after settling 52 cents lower on Thursday.