Latest Business News Wires - Business Headlines


  • UPDATE 3-Brent slips towards $107 after China data Tuesday, 1 Apr 2014 | 3:16 AM ET

    SINGAPORE, April 1- Brent crude slipped towards $107 on Tuesday after China released manufacturing data that was in line with forecasts as traders await U.S. jobs figures later this week to assess global economic health and fuel demand. May Brent crude was at $107.52 a barrel, down 24 cents by 0655 GMT.

  • HONG KONG, April 1- Macau, the world's casino capital, raked in $4.4 billion in gambling revenues in March, boosted by robust demand from Chinese visitors keen to bet in the country's only legal casino hub. Growth in Macau, a special administrative region like neighbouring Hong Kong, was up 13 percent in March, at the top end of analyst estimates of 10-13 percent.

  • MOSCOW, April 1- Russian natural gas producer Gazprom announced a more than 40 percent increase in the price Ukraine must pay for gas on Tuesday, stepping up economic pressure on Kiev in its political standoff with Moscow.

  • LONDON, April 1- European stocks made a positive start to the second quarter of the year on Tuesday, with mergers& acquisition activity and expectations helping drive gains in industrial and mining stocks.

  • SHANGHAI, April 1- China shares closed higher on Tuesday as weak manufacturing data fueled investors' hopes of further stimulus measures to shore up economic growth. The CSI300 of the leading Shanghai and Shenzhen A-share listings closed up 0.8 percent. Kweichow Moutai Co Ltd rose 5.0 percent and Jiangsu Yanghe Brewery Joint-Stock Co Ltd climbed 5.2 percent.

  • SAN JOSE, Calif., April 1- Apple and Samsung return to federal court on Tuesday for opening statements in their latest patent battle, with the iPhone maker expected to present more detailed evidence in its attempt to win a U.S. ban on sales of several Samsung smartphones.

  • *China, Indonesia manufacturing PMIs hit multi-month lows. *Japan business outlook weaker as sales tax rises. BEIJING/ TOKYO, April 1- Asia's major economies finished the first quarter on a weak note with manufacturing surveys in China and Japan fuelling expectations that policymakers will be forced to act in coming months to prop up faltering growth.

  • Macau gambling revenue up 13 percent in March Tuesday, 1 Apr 2014 | 2:53 AM ET

    HONG KONG, April 1- Macau, the world's casino capital, raked in 35.5 billion patacas in gambling revenues in March, boosted by robust demand from Chinese visitors keen to bet in the country's only legal casino hub.

  • TOKYO, April 1- Japan's Nikkei share average fell on Tuesday, retreating from a three-week high, as sentiment was hit by a sombre business confidence survey and as utilities tumbled on a report that Hokkaido Electric Power Co will get a capital infusion from a state-owned lender.

  • MUMBAI, April 1- The Reserve Bank of India left its policy interest rate unchanged on Tuesday, as expected, and said it does not expect further near-term policy tightening if headline inflation continues to ease towards the bank's targeted level.

  • *HSBC/ Markit PMI at 48.0 in March vs 48.5 in Feb. BEIJING, April 1- Persistent weakness in China's manufacturing sector reinforced fears of a sharper-than-expected slowdown at the start of 2014, and some government economists think authorities have already started boosting spending to put a floor under growth.

  • April 1- Hong Kong's de facto central bank said on Tuesday that it is investigating a number of banks as part of the global probe into alleged manipulation of foreign exchange markets, as investigations into the $5.3 trillion- a-day-market escalate.

  • *Tencent jumps on bargain hunting after recent slide. SHANGHAI, April 1- Hong Kong shares jumped to their highest level in more than three weeks on Tuesday as casino operators continued their roll and investors snapped up beaten down shares of index heavyweight Tencent. The China Enterprises Index of the top Chinese listings in Hong Kong gained 0.1 percent.

  • SHANGHAI, April 1- A small construction materials company failed to pay interest on 180 million yuan of bonds, a national newspaper said on Tuesday, marking China's second default on a domestic bond in a matter of weeks.

  • MEXICO CITY, March 31- Mexican economic growth should accelerate by 4.7 percent in 2015, up from an estimated 3.9 percent this year, the finance ministry said on Monday. Growth in the first quarter of this year has also been hampered by slower growth in the United States and poor weather, Central Bank Governor Agustin Carstens said last Friday.

  • POLL-Indian factory expansion eased in March-PMI Tuesday, 1 Apr 2014 | 1:00 AM ET

    Meanwhile, inflation also moderated, ", said Leif Eskesen, chief economist for India& ASEAN at HSBC. This means the Reserve Bank of India likely will leave interest rates unchanged at its meeting later on Tuesday, a Reuters poll conducted last week predicted.

  • WASHINGTON, April 1- The U.S. Congress will try to establish who is to blame for at least 13 auto-related deaths over the past decade, as public hearings are launched on Tuesday on General Motors Co's slow response to defective ignition switches in cars.

  • Corn contract for May delivery on the Chicago Board of Trade hit a session peak of $5.05 a bushel, the highest since Sept. 3. U.S. corn stockpiles were 7.006 billion bushels as of March 1, below analysts' expectations for 7.099 billion bushels, according to quarterly estimates by the U.S. Department of Agriculture released on Monday.

  • SYDNEY/ SINGAPORE, April 1- The yen stayed on the backfoot on Tuesday, while the dollar hovered near a two-week high versus a basket of currencies after the head of the Federal Reserve took pains to defend the central bank's ultra-loose monetary policy.

  • *Concerns about China prospects linger. SEOUL, April 1- Advanced economies stepped up their purchases of goods from South Korea last month, data showed on Tuesday, a hopeful sign global consumption will underpin Asia's export-reliant economies even as slackening demand in China drags on regional growth.