Mexico Registers November Trade Deficit on Lower Oil Prices

TODAY: March 26, 2015 PUB DATE: Dec. 26, 2014

By Anthony Harrup MEXICO CITY--Mexico ran up a $1.08 billion trade deficit in November as a drop in crude oil prices led to a deficit in petroleum products, offset by continued growth in exports of manufactured goods. Total exports last ...

China to Ease Rules to Boost Lending

TODAY: March 26, 2015 PUB DATE: Dec. 26, 2014

BEIJING--China's central bank is allowing banks to lend more out of their deposits as the world's second-largest economy struggles to gain momentum, according to banking officials with knowledge of the matter. At a closed-door meeting on Wednesday, officials at the ...

Saudi Arabia to Maintain Spending Plans Despite Oil Fall

TODAY: March 26, 2015 PUB DATE: Dec. 26, 2014

DAMMAM, Saudi Arabia--Saudi Arabia on Thursday unveiled its 2015 budget, signaling the government's intention to maintain its large spending policy despite a steep fall in oil prices in recent months that has pressured the kingdom. But Saudi King Abdullah struck ...

Dollar Pushes Higher Against Rivals

TODAY: March 26, 2015 PUB DATE: Dec. 26, 2014

By James Ramage The dollar gained against the yen and the euro in light holiday trade Friday as investors increased bets that the U.S. currency would rise early in 2015. The dollar rose 0.2% to 120.39 yen, nearing its strongest ...

Russian Finance Minister Calls for Lower Military Spending

TODAY: March 26, 2015 PUB DATE: Dec. 26, 2014

By Andrey Ostroukh and Alexander Kolyandr MOSCOW--Russia needs to reassess its military spending amid slowing economic growth and reduced access to global capital markets as falling oil prices have hit the domestic economy hard, Finance Minister Anton Siluanov said Friday. ...

Singapore November Industrial Output Declines

TODAY: March 26, 2015 PUB DATE: Dec. 26, 2014

By Gaurav Raghuvanshi SINGAPORE--Singapore's manufacturing output fell in November as most major sectors dragged and a tepid rise in the production of electronics failed to offset the decline. Output fell 2.8% on year in November, according to preliminary figures released ...

Oil Prices Drop to Nearly Five-Year Lows

TODAY: March 26, 2015 PUB DATE: Dec. 26, 2014

By Leslie Josephs Oil futures gave back early gains to end near five-year lows on Friday as a surge in U.S. supplies weighed on the market. Light, sweet crude for February delivery fell 2%, or $1.11, to $54.73 a barrel ...

Volatility in Chinese Stocks Cues Uncertainty Into 2015

TODAY: March 26, 2015 PUB DATE: Dec. 26, 2014

By Daniel Inman As the best year for Chinese stocks since the financial crisis draws to a close, the market is highly volatile with investors looking for clues whether the bull-run will continue or whether equities could fall just as ...

China to Revamp Provincial GDP Calculation

TODAY: March 26, 2015 PUB DATE: Dec. 26, 2014

BEIJING--China will change the way individual provinces calculate their gross domestic product, the China Daily reported Friday, aiming to bring it more into line with reality. China-watchers have long been amused to note that the sum of the GDP figures ...

Amazon Says App Sales More Than Doubled

TODAY: March 26, 2015 PUB DATE: Dec. 26, 2014

Amazon.com Inc.'s app was busy this holiday season. The online retail giant said Friday that holiday sales made from its smartphone app doubled this year, as nearly 60% of Amazon.com customers shopped on a mobile device. Amazon said Cyber Monday ...

Asian Shares Mixed As Trading Stays Quiet

TODAY: March 26, 2015 PUB DATE: Dec. 26, 2014

Asian markets were mixed on Friday, as Japanese shares edged lower following a soft reading on inflation, while Chinese stocks were a touch higher as the market moderated at the end of a wild week of trading in Shanghai. Japan's ...

Sumitomo Mitsui to Buy Stake in Reliance Capital

TODAY: March 26, 2015 PUB DATE: Dec. 26, 2014

By Nupur Acharya MUMBAI--Indian financial services firm Reliance Capital Ltd. said on Thursday that Japan's Sumitomo Mitsui Trust Bank will buy a 2.77% stake in the company for $58.3 million. The Japanese bank will buy the stake at 530 rupees ...

Oil Prices Steady in Thin Holiday Trade

TODAY: March 26, 2015 PUB DATE: Dec. 26, 2014

By Leslie Josephs Oil futures steadied Friday in thin holiday trade, but robust supplies are expected to weigh on prices into the new year. Light, sweet crude for February delivery was up 62 cents, or 1.1%, at $56.45 a barrel ...

Russian Ruble Rises to 3-Week High in Early Trade

TODAY: March 26, 2015 PUB DATE: Dec. 25, 2014

By Andrey Ostroukh MOSCOW--The Russian ruble firmed to a three-week high in early trade Thursday, supported by local tax payments. The ruble gained nearly 2% to 52.4 versus the dollar, heading away from its weakest ever level of 80.1 hit ...

Dollar Lower Against Yen on Profit-Taking

TODAY: March 26, 2015 PUB DATE: Dec. 25, 2014

By Hiroyuki Kachi The dollar was lower against the yen in quiet holiday trading on Thursday, with profit-taking trimming the greenback's gains from earlier this week. As of 0450 GMT, the dollar was at Y120.11 from Y120.44 late Wednesday in ...

Citibank Sells Japan Retail Unit to Sumitomo Mitsui -- Update

TODAY: March 26, 2015 PUB DATE: Dec. 25, 2014

By Atsuko Fukase TOKYO--When Japanese regulators accused the local retail unit of Citigroup Inc. of improper lending practices in 2004 and ordered its private banking operations shut down, Charles Prince, then Citi's chief executive, bowed deeply before reporters and pledged ...

Russia Finance Minister: 2014 Inflation Seen at 11.5 Pct - Interfax

TODAY: March 26, 2015 PUB DATE: Dec. 25, 2014

MOSCOW--Russia's consumer inflation will exceed earlier expectations but there is no need to keep interest rates at high levels for long time, Finance Minister Anton Siluanov said Thursday, Interfax news agency reported. In an attempt to save the ruble from ...