Latest Business News Wires - Business Headlines


  • Brent stays above $111 on S.Sudan conflict Monday, 23 Dec 2013 | 11:41 PM ET

    *South Sudan govt denies rebels control oil fields. SINGAPORE, Dec 24- Brent crude stayed above $111 a barrel on Tuesday as conflict in South Sudan threatened its oil output at a time when production cuts in Libya are already curbing global supply.

  • Mission accomplished, says Snowden - Washington Post Monday, 23 Dec 2013 | 11:29 PM ET

    Dec 24- Former National Security Agency contractor Edward Snowden, who revealed extensive details of global electronic surveillance by the U.S. spy agency, said in an interview published on Tuesday that he has accomplished what he set out to do. "For me, in terms of personal satisfaction, the mission's already accomplished," he told the Washington Post.

  • Hong Kong shares close up 1.1 pct in half-day trade Monday, 23 Dec 2013 | 11:07 PM ET

    HONG KONG, Dec 24- Hong Kong shares rose during Tuesday's half-day session, led by the Chinese financial sector after the People's Bank of China injected cash into the interbank market through normal channels for the first time in three weeks. The China Enterprises Index of the top Chinese listings in Hong Kong climbed 1.8 percent.

  • BEIJING, Dec 24- China's commercial crude oil inventories fell for a second straight month in November, official news agency Xinhua said on Tuesday, with some refineries drawing on crude stockpiles after a pipeline blast in eastern China killed 62 people.

  • SINGAPORE, Dec 24- The London Metal Exchange said on Tuesday it will go ahead with planned changes to its warehousing policy aimed at addressing massive queues for metal despite top aluminium producer Rusal challenging the proposal.

  • SINGAPORE, Dec 24- London copper futures drifted higher for a third day on Tuesday, underpinned by tightness in near-term supplies amid slow trading as liquidity winds down ahead of Christmas holidays.

  • SYDNEY/ TOKYO, Dec 24- The U.S. dollar steadied on Tuesday, having given back a bit of its recent hefty gains as upbeat U.S. consumption data fostered hopes of solid U.S. recovery and boosted U.S. bond yields.

  • Dec 23- W.R. Grace& Co said it has settled the only remaining appeal for its Chapter 11 plan with a group of bank lenders, paving the way for the U.S. chemicals maker to emerge out of bankruptcy protection after 12 years.

  • SHANGHAI, Dec 24- Cash rates in China have surged to six-month highs and then eased as the central bank tries to enforce market discipline on banks to curtail unregulated lending, and there is some frustration that it seems to be introducing regular bouts of volatility.

  • TOKYO, Dec 24- Japanese government bond prices inched higher on Tuesday morning, with the five-year and longer-dated sectors in demand on expectations the Bank of Japan's bond-buying programme will keep prices supported.

  • TOKYO/ SYDNEY, Dec 24- Asian markets took cheer on Tuesday after Wall Street rang up more records and upbeat U.S. spending data burnished the outlook for the global economy, with Japan's Nikkei hitting a 2013 high after Tokyo markets opened after a holiday.

  • BlackBerry deal bolsters Foxconn's makeover gambit Monday, 23 Dec 2013 | 8:58 PM ET

    Foxconn's BlackBerry deal marks the Taiwanese firm's biggest step up the value chain - a chance to help design smartphones.

  • LOS ANGELES, Dec 23- A state court judge has barred the city of San Jose, California, from imposing voter-approved pension cuts on current municipal workers in a ruling with implications for cash-strapped local governments across the United States.

  • TOKYO, Dec 24- Japanese Prime Minister Shinzo Abe on Tuesday secured cabinet approval for a draft budget for the next fiscal year that aims to split the benefits of higher tax revenue between trimming fresh borrowing and stimulating the economy with record spending.

  • Japan to auction 155.1 trln yen JGBs in 2014/15 Monday, 23 Dec 2013 | 8:43 PM ET

    Dec 24- Japan's government said on Tuesday it plans to issue 155.1 trillion yen in government bonds in the fiscal year that begins next April, the first planned year-on-year reduction in JGB issuance into markets since 2008. Worried about its snowballing public debt, the Ministry of Finance also aims to extend the average maturity of its debt, by increasing 30- year bond sales by 1.2 trillion yen a year while reducing two-year notes by 2.4 trillion yen.

  • SINGAPORE, Dec 24- London copper futures steadied above $7,200 a tonne on Tuesday with tighter near-term supplies underpinning prices amid thin liquidity. Copper stockpiles in warehouses monitored by the London Metal Exchange stood at 379,100 tonnes, the lowest level since Feb. 1, based on the latest bourse data.

  • Japan government approves record budget spending Monday, 23 Dec 2013 | 8:37 PM ET
    Japanese Prime Minister Shinzo Abe

    Japanese Prime Minister Shinzo Abe's cabinet approved the draft budget for the fiscal year starting next April, highlighting record spending.

  • PERTH, Dec 24- U.S. oil futures fell in early Asian trade on Tuesday as investors took profits ahead of year-end holidays, but the threat of supply disruptions in South Sudan and Libya limited losses. *U.S. crude for February delivery had dropped 24 cents to $98.67 per barrel by 0108 GMT.

  • TOKYO, Dec 24- Japan's Nikkei share average sped to a six-year peak on Tuesday morning, edging closer to the 16,000- mark, driven by buying from long-only investors after Wall Street racked up more records.

  • Dec 23- Owners and insurers of a now-bankrupt Massachusetts pharmacy linked to a deadly meningitis outbreak have agreed to pay more than $100 million to compensate victims, families of victims and creditors.

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