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Business - OPEC inaction sends Brent to four-year low, hits stocks


By Alistair Smout LONDON (Reuters) - Brent crude fell to a fresh four-year low on Friday, sending oil-related shares and currencies lower, after OPEC decided to refrain from cutting output despite a supply glut. With markets in the United States due to reopen following Thursday`s holiday, futures on major U.S. stock indexes were steady to 0.3 percent lower. Brent crude touched a low of $71.12 a barrel after settling at a four-year closing low on Thursday, when Saudi Arabia blocked calls from poorer members of the OPEC oil cartel to cut production to stem a slide in global prices. ...


Friday, November 28, 2014  11:31

Yahoo

World - Eurozone inflation dips again as energy costs tank


BRUSSELS (AP) Sharp falls in energy prices as a result of the dramatic decline being recorded in oil markets has pushed inflation across the 18-country eurozone down to 0.3 percent in the year to November.


Friday, November 28, 2014  10:19

Yahoo

Business - Asia wilts after OPEC refrains from cuts


By Lisa Twaronite TOKYO (Reuters) - Oil prices seized the Asian spotlight on Friday, as related shares and currencies plunged in the wake of OPEC`s decision to refrain from cutting output despite a supply glut. With U.S. markets shut on Thursday for the Thanksgiving holiday, investors focused on the Organization of Petroleum Exporting Countries` meeting in Vienna, where Saudi Arabia blocked calls from poorer cartel members to cut production to stem a slide in global prices. ...


Friday, November 28, 2014  07:18

Yahoo

Business - Asian shares wither as OPEC`s restraint hits oil


By Lisa Twaronite TOKYO (Reuters) - Oil prices, oil-related shares and oil-linked currencies all tumbled in Asia on Friday, in the wake of OPEC`s decision to refrain from cutting output despite a huge oversupply. U.S. markets were closed on Thursday for the Thanksgiving holiday, leaving the spotlight on the Organization of Petroleum Exporting Countries` meeting in Vienna where Saudi Arabia blocked calls from poorer cartel members to cut production to stem a slide in global prices. ...


Friday, November 28, 2014  04:01

BBC

Asia-Pacific - Asian markets mixed on Japanese data


Friday`s Asian markets have a slew of Japanese economic data to digest - and it paints a mixed picture of the world`s third largest economy.


Friday, November 28, 2014  04:55

Yahoo

World - UK mobile operator EE says in talks with BT


EE confirmed Wednesday that it has held `exploratory` discussions over a possible sale of its mobile business to BT Group, which would result in Britain`s former national operator regaining a mobile network. Earlier this week, BT announced it had been approached by shareholders from two operators -- Spanish peer Telefonica and one other unnamed group -- with a view to buying their UK mobile businesses. The other company was however understood to have been EE, which is a joint venture between Deutsche Telekom of Germany and Orange of France. `Deutsche Telekom AG and Orange SA, the joint shareholders of EE Ltd, regularly analyse the development of the market in which EE operates, evaluating various strategic options which have the potential to create value for EE`s shareholders and strengthen the market position of EE,` EE announced on Wednesday.


Wednesday, November 26, 2014  10:08

Yahoo

World - Female suicide bombers kill at least 21 in Nigeria`s northeast


By Lanre Ola MAIDUGURI, Nigeria (Reuters) - Two female suicide bombers killed at least 21 people on Tuesday in a busy market area of Nigeria`s northeastern city of Maiduguri, center of a militant Islamist insurgency, emergency services said. Four witnesses told Reuters near the scene that a woman had entered the roadside trading area behind the city`s main market before blowing herself up. `While the people were trying to help the injured, the second bomb blasted,` witness Sani Adamu told Reuters. `I saw lots of bodies`. ...


Tuesday, November 25, 2014  15:36

Yahoo

World - Female suicide bombers kill at least 10 in Nigeria`s northeast


MAIDUGURI, Nigeria (Reuters) - Two female suicide bombers blew themselves up killing at least ten people on Tuesday in a crowded market area of Nigeria`s northeastern city of Maiduguri, center of a militant islamist insurgency, witnesses said. Four witnesses told Reuters near the scene that a woman had entered the roadside trading area behind the city`s main market before blowing herself up. `While the people were trying to help the injured the second bomb blasted,` witness Sani Adamu told Reuters. `I saw lots of bodies`. Nigerian authorities did not immediately respond to requests for ...


Tuesday, November 25, 2014  13:01

Yahoo

World - US stocks get a boost from pharma companies


Financial markets moved higher in afternoon trading Tuesday, with medical equipment and pharmaceutical stocks among the biggest gainers. A positive outlook from homebuilders and encouraging news from Japan and Germany also helped lift markets. The Dow Jones industrial average and Standard & Poor`s 500 index were on pace for another record-high close.


Tuesday, November 18, 2014  19:10

Yahoo

Business - British lawmakers to quiz bankers after forex fines: source


By Kirstin Ridley LONDON (Reuters) - British lawmakers will quiz top bankers in the wake of last week`s $4.3 billion (3 billion deal with regulators to settle allegations of collusion and manipulation in the foreign exchange market, a source familiar with the matter said on Tuesday. The source said the decision by the powerful Treasury Select Committee (TSC) had been agreed in principle. But hearings into how traders attempted to rig the $5.3 trillion-per-day forex market may not be held until December or possibly the New Year. ...


Tuesday, November 18, 2014  18:15

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