Latest Business News Wires - Business Headlines


  • LONDON, April 17- Britain's Co-operative Group made a loss of 2.5 billion pounds in 2013, in what the country's biggest mutual described as disastrous and the worst 12 months in its 150- year history.

  • GLOBAL MARKETS-Google, IBM cast shadow Thursday, 17 Apr 2014 | 4:23 AM ET

    *Earnings depress Google, IBM in after-hours trade. LONDON, April 17- European stocks dipped on Thursday as disappointing earnings from U.S. tech heavyweights Google and IBM dampened the previous session's upbeat tone on Wall Street, and the dollar weakened on dovish remarks from the Federal Reserve.

  • MOSCOW, April 17- Russian President Vladimir Putin said on Thursday Ukraine's decision to send armed forces into eastern Ukraine instead of trying to establish a dialogue with the Russian-speaking population there was a "grave crime."

  • BEIJING, April 17- Hong Kong shares finished slightly higher on Thursday in the lowest trading volume since mid-February, as investors geared up for the Easter holiday.

  • Japan makes two more oil payments to Iran-sources Thursday, 17 Apr 2014 | 4:13 AM ET

    TOKYO, April 17- Japan made two more payments to Iran for crude imports that were scheduled under an interim nuclear deal, two sources with knowledge of the transactions said, in return for Tehran's moves to reign in its disputed nuclear programme. Iran's central bank had received the payments from Japan, one source said.

  • Crisis-hit Co-op reveals 2013 loss of $4.2 billion Thursday, 17 Apr 2014 | 4:11 AM ET

    LONDON, April 17- Britain's Co-operative Group made a loss of 2.5 billion pounds in 2013, a year it described as disastrous and the worst in its 150- year history.

  • LONDON, April 17- The dollar fell against a basket of currencies on Thursday after Federal Reserve chief Janet Yellen reiterated an accommodative monetary policy stance in comments which gave the euro and the yen a lift.

  • *Remy Cointreau, Diageo report weak China demand. LONDON, April 17- European shares edged lower on Thursday, weighed down by weakness in luxury drinks after a crackdown on gift giving in China knocked beverage company earnings, in quiet trade ahead of a public holiday. Weakness in Asia also affected Diageo.

  • TOKYO, April 17- The Bank of Japan maintained its upbeat view on most of the country's regional economies, adding to reassurances from its governor that the world's third-largest economy can ride out the pain from a sales tax hike without additional stimulus.

  • LONDON, April 17- Brent crude rose to nearly $110 a barrel on Thursday, trading just below a six-week high hit in the previous session, with rising tensions in Ukraine heightening concerns over Russian supplies, and robust U.S. and Chinese demand supporting prices.

  • *Asian shares higher, tracking Wall Street. SINGAPORE, April 17- Gold fell for a second session out of three on Thursday on higher equities and as the world's biggest gold-backed fund saw its sharpest outflow in nearly four months.

  • European shares' rebound stalls; Remy, SAP sink Thursday, 17 Apr 2014 | 3:12 AM ET

    PARIS, April 17- European shares were steady in early trade on Thursday, halting the previous session's rebound as lower-than-expected U.S. results and a warning by SAP over the negative impact of a strong euro eclipsed dovish comments from the Fed. The dovish comments helped fuel a rally on Wall Street.

  • BEIJING, April 17- China shares closed down on Thursday, pulled lower by weak real estate shares as investors braced themselves ahead of housing data expected to show property price growth slowed in March. The CSI300 of the leading Shanghai and Shenzhen A-share listings fell 0.4 percent.

  • PARIS, April 17- Europe's car sales recovery may be taking hold, according to registrations data published on Thursday, but a confidential industry survey shows the pickup is failing to halt a price war. PSA Peugeot Citroen saw its European sales volume rise in line with the market last month and for the first quarter overall.

  • TOKYO, April 17- Mitsui Life Insurance, Japan's fifth largest life insurer, plans to increase its yen bond holdings by about 100 billion yen in the financial year to March, its investment planning manager said on Thursday.

  • Lamborghini helps give parent Audi a technical edge Thursday, 17 Apr 2014 | 3:00 AM ET

    *R8 boosts Audi's U.S. pricing power vs BMW, Mercedes. BERLIN, April 17- Lamborghini is flaunting a technology-packed supercar at this week's Beijing auto show that will spice up its parent company Audi's own offerings just as the second-biggest luxury carmaker struggles to prove its technical prowess.

  • TOKYO, April 17- Sompo Japan Insurance and Nipponkoa Insurance, already run as one entity ahead of their merger in September, plan to invest "tens of billions of yen" in new areas such as energy, environment and infrastructure, mainly through private equity funds, company officials said.

  • *Significant progress at Geneva talks on Ukraine seen slim. With Russian troops massed on the border with Ukraine, prospects of defusing the crisis at talks in Geneva later in the day among foreign ministers from Russia, Ukraine and the United States together with the European Union's foreign policy chief appear slim.

  • *Google and IBM fall after hours as earnings disappoint. Disappointing results from Google and IBM had also knocked their shares lower after the bell and put a crimp on technology stocks in the region. Other markets made modest gains with shares in Australia up 0.5 percent and MSCI's broadest index of Asia-Pacific shares outside Japan adding 0.33 percent.

  • Nikkei ends flat as profit-taking tempers Fed optimism Thursday, 17 Apr 2014 | 2:12 AM ET

    TOKYO, April 17- Japan's Nikkei share average ended flat in choppy trade on Thursday as profit-taking from the previous day's large gains offset optimism that the U.S. Federal Reserve will keep interest rates low for an extended period.