Business News Headlines

Asian stocks sag, dollar falls vs yen as Nikkei recoils

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TOKYO - Asian stocks were mostly lower on Wednesday, taking their lead from weaker U.S. shares, while the dollar slid against the yen as Tokyo's Nikkei recoiled in volatile trade.

FXpert 6:03am BST

Berkshire's Buffett says Grexit 'may not be bad' for euro zone - CNBC

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NEW YORK - Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc , said Tuesday that an exit by Greece from the euro zone could be constructive for the region.

4:57am BST

Tue, Mar 31 2015

Greece fails to reach initial deal on reforms with lenders

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ATHENS - Greece failed to reach an initial deal with the European Union and the IMF to unlock aid after the creditors dismissed a package of reforms from Athens as ideas rather than a concrete plan, officials said on Tuesday. | Video

World, IMF 31 Mar 2015

New York court dismisses foreclosure lawsuit against HSBC

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- A court in Buffalo, New York, dismissed a petition on Monday filed by New York state, alleging that HSBC Holdings Plc ignored a law designed to protect homeowners from being thrown into foreclosure without getting a chance to renegotiate their mortgages.

3:06am BST

'Abenomics' architect says BOJ must ease again on April 30

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TOKYO - The Bank of Japan must ease monetary policy further at its rate review on April 30 given signs of slowdown in the economy and prices, a ruling party lawmaker and one of the architects of premier Shinzo Abe's "Abenomics" reflationary policies said.

Japan 6:42am BST

Weak demand hits China factory, services firms in March, more easing seen

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BEIJING/SHANGHAI - Surveys of China's factory and services sectors showed stubborn weakness in the world's second-biggest economy in March, adding to bets that Beijing will have to roll out more policy support to avert a sharper slowdown.

6:25am BST

China says Taiwan welcome to join AIIB with appropriate name

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BEIJING - China welcomes Taiwan's decision to apply to join the Beijing-led Asian Infrastructure Investment Bank (AIIB) as long as the self-ruled island uses an appropriate name, state news agency Xinhua reported on Wednesday.

4:51am BST

Irish manufacturing expands steadily in March - PMI

DUBLIN - Irish manufacturing expanded steadily in March after posting its fastest growth in 15 years in February, and employment in the sector grew at the fastest rate since 1998, a survey showed on Wednesday.

6:11am BST

Oil prices edge lower as Iran talks extend beyond deadline

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SINGAPORE - Oil futures edged lower on Wednesday amid speculation that a last-minute deal over Iran's nuclear programme would be reached that could allow more Iranian crude into world markets.

FXpert, Middle East 6:33am BST

Barry Callebaut says first-half profit rises on cost cuts, higher volumes

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ZURICH/LONDON - Swiss chocolate maker Barry Callebaut reported higher half-year sales and profits on Wednesday as cost cuts helped counter the impact of the surging Swiss franc, and confirmed mid-term targets subject to the currency swings.

6:35am BST