Global stocks rise with eyes on G20 growth push
LONDON (Reuters) – Stock markets gained for the third day in five on Friday as G20 policymakers meeting in Shanghai sought common ground on how to reboot a struggling global economy in the face of renewed financial and political risks.
Countries should use all policy levers to support economy: Lew
SHANGHAI (Reuters) – U.S. Treasury Secretary Jack Lew on Friday urged countries to avoid competitive devaluation and said it was increasingly important to use all available policy tools to address a shortfall in global demand.
Buffett annual letter comes amid ‘conspicuous’ performance lag
NEW YORK (Reuters) – Warren Buffett will release his annual letter to Berkshire Hathaway Inc shareholders after a year when its stock price lagged the broader market by the most since 2009, adding to years of underperformance.
Oil industry sees Paris climate deal as chance to innovate
HOUSTON (Reuters) – If a crisis is a terrible thing to waste, the oil industry sees the Paris climate accord not as a death knell, but an opportunity to innovate and even grow.
Japan January core CPI flat, keeps policymakers under pressure
TOKYO (Reuters) – Falling fuel costs kept Japan’s core consumer prices unchanged in January from a year earlier, well below the central bank’s 2 percent target, highlighting the daunting task policymakers face in attempting to lift Japan out of stagnat…
Mansion sales and discount dining: oil rout hits Houston’s rich
HOUSTON (Reuters) – Prices for mansions in Houston’s swankiest neighborhood have tumbled in lock step with crude prices. The Houston Opera has offered free season tickets to patrons who lost their jobs in the oil bust. A fancy restaurant offers cut-pri…
China’s economic fundamentals remain sound: cenbank
SHANGHAI (Reuters) – China’s economic fundamentals remain sound, the country’s central bank said in a statement on Friday as global markets fret over slowing growth in Asia’s powerhouse.
NY judge grants request to depose Viacom CEO
(Reuters) – Viacom Inc Chief Executive Philippe Dauman’s lawyers failed to persuade a New York judge to quash his deposition in a high-profile lawsuit over media mogul Sumner Redstone’s mental competency.
Oprah effect fails to lift Weight Watchers sales; shares plunge
(Reuters) – Weight Watchers International Inc reported a 21 percent drop in quarterly revenue, undermining hopes that new investor and media mogul Oprah Winfrey would help boost sales, sending its shares down more than 27 percent in extended trading.
Herbalife says it is in talks with FTC; outcome uncertain
WASHINGTON (Reuters) – Herbalife Ltd is in talks with government regulators regarding a probe of the company’s business practices and said that the outcome of the talks was uncertain, the company said in a filing on Thursday.
