World Business News

Latest News

  • One kilogram gold bars are seen at the Korea Gold Exchange in Seoul

    Gold added to overnight losses on Thursday, hurt by a stronger dollar and as investors awaited a key U.S. jobs report to gauge the timing of a Federal Reserve rate hike. Spot gold had eased 0.1 percent to $1,132.45 an ounce by 0637 GMT, after dropping 0.5 percent on Wednesday. U.S. private payrolls data on Wednesday suggested …

  • Japanese shares higher on US rally @ BBC News - 10 minutes ago
    Japanese shares higher on US rally

    Japan's Nikkei index closed higher on Thursday for the first time in four days, spurred by a rally on Wall Street.

  • An oil pumpjack operates near Williston

    Asian investors were focussed on the increase in U.S. crude inventories last week, but sentiment had been supported by the rally on Wall Street, said Jonathan Barratt, chief investment officer at Sydney's Ayers Alliance.

  • Pump jacks and pipes are seen on an oil field near Bakersfield on a foggy day, California

    Oil fell on Thursday on a surprise build in U.S. inventory levels and a firm dollar, but a recovery in Asian shares after Wall Street posted a near 2 percent gain checked losses. Asian investors were focused on the increase in U.S. crude inventories last week, but sentiment had been supported by the rally on Wall Street, …

  • Japan Display Inc Chief Executive Mitsuru Homma on Thursday said the screen maker's "biggest client", widely understood to refer to Apple Inc, is increasing orders ahead of the expected launch of a new iPhone this month. Homma said weakness in China's smartphone market, the world's biggest, amid that country's broader …

  • British low-cost airline easyJet (EZJ.L) raised its full-year profit forecast by around 7 percent on Thursday after record passenger numbers in August helped to offset the higher costs the group has faced this year. EasyJet said it now expected full-year profit before tax to be in a range of 675 million pounds ($1 billion) …

  • Japan is unlikely to see inflation hit the central bank's 2 percent target over the next 2-1/2 years as consumer spending remains weak and China's slowdown hurts exports, Bank of Japan board member Takahide Kiuchi said on Thursday. The former market economist also warned that Asian economies may see growth slow significantly …

  • AOMORI, Japan (Reuters) - China's economic slowdown could hurt the world economy but won't trigger a global financial crisis since its market is fairly detached from other financial markets, Bank of Japan ...

  • Swiss agrochemicals maker Syngenta's logo is seen at the company's headquarters in Basel

    Swiss agrichemicals group Syngenta AG (SYNN.VX) plans to sell its vegetable seeds business and buy back more than $2 billion(1.31 billion pounds)worth of stock in a campaign to boost shareholder returns after it rejected a takeover approach from Monsanto Co (MON.N).

  • Pacific bluefin tuna group puts off new moves to save fish Associated Press - 1 hour 16 minutes ago

    An international body that monitors fisheries in most of the Pacific Ocean has ended a meeting in Japan without agreement on fresh measures to protect the dwindling bluefin tuna. The Western and Central ...

  • A shopper carries a bag outside a shopping mall in Kolkata

    India's services industry grew for a second month in August but optimism fell to its lowest level since late 2005, a survey showed on Thursday, keeping pressure on the Reserve Bank for another rate cut later this month to bolster a slowing economy. The relatively downbeat survey, coupled with low inflation and disappointing …

  • ** Iron ore miner Rio Tinto Ltd up as much as 1.9 pct ** Expects global steel demand to grow by 2.5 pct per year between now and 2030 ** Says global iron ore demand will increase to 3 billion tonnes in ...

  • Growth in Ireland's services sector fell in August from July's nine-year high as the pace of new business slowed after expanding at its fastest in a decade and a half in the previous month, a survey showed on Thursday. The Investec Purchasing Managers' Index of activity in services, which covers businesses from banks to …

  • HONG KONG/SHANGHAI (Reuters) - China has announced tougher rules on trading stock index futures and foreign exchange derivatives as it seeks to steady jittery markets whose weakness has raised concern over the health of the world's second-largest economy. Facing slowing economic growth and sharp currency and share losses, …

  • Malaysia's closing tin prices for Sept 3 Reuters - 2 hours 47 minutes ago

    KUALA LUMPUR, Sept 3 (Reuters) - Following is a table of Kuala Lumpur tin market prices provided by a Malaysian trader. (Prices in $/tonne, and volumes in tonnes unless stated) Date KL Premium/ Spot Bid ...

  • On Wednesday, the Justice Department released an after-action report on the law enforcement...

  • Australian shares turned lower on Thursday morning as opening gains were erased, partly as sentiment was hit when Myer Holdings dived 17 percent after a discounted placement of its shares. The S&P/ASX ...

  • The dollar climbed against the euro and yen on Thursday as global investors tentatively stepped back into equities, tempering demand for the single currency and the Japanese unit. The dollar was up 0.2 percent at 120.570 yen, having rebounded sharply from a low of 119.255 overnight. Global stock indexes extended gains …

  • Asia markets mostly higher as China marks holiday

    A sense of calm returned to Asian trading on September 3, 2015, after weeks of China-fuelled volatility as a public holiday on the mainland allowed investors to focus on upbeat US data, with Tokyo rising ...

  • A man walks by poster for film "The Interview" outside Alamo Drafthouse theater in Littleton

    REUTERS - Sony Pictures Entertainment Inc has reached a settlement agreement with nine former employees who had filed a lawsuit claiming that their personal data was stolen in a 2014 hacking tied to the ...

  • Australia's retail sales fell for the first time in over a year last month, a disappointing start to the third quarter that sent an already-wobbly Australian dollar down a quarter of a U.S. cent. Thursday's data from the Australian Bureau of Statistics showed retail sales eased 0.1 percent in July from June when they surprised …

  • Man walks past restaurant in Dotonbori amusement district of Osaka

    Activity in Japan's services sector expanded at the fastest pace in almost two years in August, a survey showed on Thursday, as companies turned more optimistic on business conditions in a sign the economy may be bouncing back. The Markit/Nikkei Japan Services Purchasing Managers Index (PMI) rose to a seasonally adjusted …

  • Power lines are seen in front of solar panels at a solar power field in Kawasaki

    Japan has been pouring billions of dollars in clean-energy investment after introducing a feed-in tariff (FIT) program in 2012, aiming to help the world's third-biggest economy shift away from its reliance on nuclear power after the March 2011 Fukushima disaster. Asahi's survey showed that the ratio of solar power at peak …

  • Standard & Poor's on Thursday cut its outlook for Glencore Plc (Xetra: A1JAGV - news) to 'negative' from 'stable' after slashing its price forecasts for metals and amid uncertainties about China's economic outlook. The mining and commodities firm posted a 29 percent slump in first-half earnings in August and cut its …

  • Japan's Toshiba Corp is likely to post a net loss of about 10 billion yen ($83 million) when it reports its financial 2014/15 earnings as early as this week, the Yomiuri daily reported, amid a probe into improper accounting at the company. Toshiba was already expected to report a loss after an independent probe found it …

  • Asia’s tumbling stocks have triggered an exodus of funds from the region, but some investors say the sell-off has been indiscriminate and that certain stocks offer compelling buying opportunities. The downturn in equities has been exacerbated by steep falls in Asian currencies, which have taken multiple blows from a sputtering …

  • SINGAPORE/MUMBAI, Sept 3 (Reuters) - The double-digit stock market gains of pharmaceutical giants including Dr. Reddy's Laboratories and Wockhardt stand out in stark relief to the dismal performance of other Asian emerging-market stocks this year. Continued strength in the dollar when the Federal Reserve raises interest …

  • The Republican National Committee is taking action to attempt to avert a third-party...

  • The logo of Toshiba Corp is pictured at its headquarters in Tokyo

    Japan's Toshiba Corp <6502.T> is likely to post a net loss of about 10 billion yen (54.24 million pounds) when it reports its financial 2014/15 earnings as early as this week, the Yomiuri daily reported, amid a probe into improper accounting at the company. Toshiba was already expected to report a loss after an independent …

  • The logo of Toshiba Corp is pictured at its headquarters in Tokyo

    Japan's Toshiba Corp <6502.T> is likely to post a net loss of about 10 billion yen ($83 million) when it reports its financial 2014/15 earnings as early as this week, the Yomiuri daily reported, amid a probe into improper accounting at the company. Toshiba was already expected to report a loss after an independent probe …

  • William Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York

    Hedge fund mogul William Ackman, one of last year's best performers, joined a string of high profile managers in reporting deep losses for August as global markets tumbled amid fears over slower growth in China. Ackman's Pershing Square Capital Management, which makes concentrated bets on a small number of stocks, told …

  • Customers sit at KiriKiri Zembei restaurant in KiriKiri town

    Activity in Japan's services sector expanded at the fastest pace in almost two years in August, a survey showed on Thursday, as companies turned more optimistic on business conditions in a sign the economy may be bouncing back. The Markit/Nikkei Japan Services Purchasing Managers Index (PMI) rose to a seasonally adjusted …

  • Hedge fund mogul William Ackman, one of last year's best performers, joined a string of high profile managers in reporting deep losses for August as global markets tumbled amid fears over slower growth in China. Ackman's Pershing Square Capital Management, which makes concentrated bets on a small number of stocks, told …

  • Rousseff says Brazil will try to get out of first budget deficit

    The worry for Brazil now is that its debt load will lead to a loss of its investment-grade credit rating, which would be a serious blow to the economy

  • Sept 3 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0105 GMT. CURRENCIES VS U.S. DOLLAR Change on the day at 0105 GMT Currency Latest bid Previous day Pct Move ...

Next >>