Global shares, oil and ruble rally into Christmas period
By Marc Jones LONDON (Reuters) - World share markets extended their 'Santa rally' into a fourth day on Monday, as a recovery in beaten-down oil prices and the ruble and more calls for quantitative easing from the ECB helped lift sentiment. There were also hopes that Greece could avoid destabilizing snap elections after Greece's Prime Minister Antonis Samaras made a surprise offer to bring pro-European independents into the government if they backed his choice for new president. ...
Mon, 22 Dec 2014 05:31:14 -0500
Oil prices likely to rebound in second half of 2015: Reuters poll
(Reuters) - Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in U.S. shale production counters a supply glut exacerbated by OPEC's decision not to cut output, a Reuters monthly survey showed.
Mon, 22 Dec 2014 07:11:41 -0500
UK to extend Libor manipulation laws to cover seven more benchmarks
LONDON (Reuters) - Britain will extend laws which make the manipulation of market benchmarks a criminal offense to cover a further seven benchmarks including the main foreign exchange and overnight interest rate fixes, the government said on Monday. "Ensuring that the key rates that underpin financial markets here and around the world are robust, and that anyone who seeks to manipulate them is subject to the full force of the law, is an important part of our long-term economic plan," finance minister George Osborne said in a statement. ...
Mon, 22 Dec 2014 06:49:06 -0500
Uber business model faces legal scrutiny in Taiwan, Chinese mega city
By Michael Gold and Adam Jourdan TAIPEI/SHANGHAI (Reuters) - Uber Technologies Inc is under fire in Taiwan and the Chinese mainland mega city Chongqing over concerns that it and its drivers are not appropriately licensed, adding to a string of official complaints aimed at the fast-growing U.S. start-up. Uber has been subject to similar action in economies as varied as Thailand and Spain. ...
Mon, 22 Dec 2014 05:40:45 -0500
Air China signs deal to purchase 60 Boeing B737 aircraft
BEIJING (Reuters) - Air China Ltd , the country's flag carrier, said Monday it signed an agreement to order 60 Boeing B737 planes for a total price of $5.9 billion. The aircraft are to be delivered between 2016 and 2020 per the agreement, which was disclosed Monday in a Air China regulatory filing. The order comes four months after Boeing Co won an order for 80 737 planes from Singapore-based BOC Aviation. ...
Mon, 22 Dec 2014 06:31:47 -0500
Oil rebounds above $62, tracking broader markets
By Simon Falush LONDON (Reuters) - Oil rose above $62 a barrel on Monday, mirroring gains in equities, as investors became more confident that there would be no further substantial price loss in the run-up to the new year. Saudi Arabia's oil minister, Ali al-Naimi, said on Sunday that lower crude prices would help demand by stimulating the economy and slow down supply growth. ...
Mon, 22 Dec 2014 06:28:49 -0500
Top bankers need to take cyber threat seriously: BoE
By Matt Scuffham and William Schomberg LONDON (Reuters) - Top British bankers and other senior executives in the financial services industry are not taking the risk of cyber attacks seriously enough, financial policymakers at the Bank of England say. Cyber crime costs the global economy $445 billion a year and the bill is rising, according to the Center for Strategic and International Studies. Banks are particularly vulnerable, despite spending hundreds of millions of dollars a year on cyber defenses. ...
Mon, 22 Dec 2014 07:30:18 -0500
Saudi Arabia says won't cut oil output
ABU DHABI (Reuters) - Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years.
Sun, 21 Dec 2014 22:41:52 -0500
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