China sell-off leads to a poor start for world stocks in 2016
LONDON (Reuters) – A 7 percent drop in Chinese shares on Monday halted trading in Shanghai and dragged down stock markets around the world, as investors began 2016 with fresh worries over global growth and sought the safety of bonds and gold.
Iran says boosting oil exports depends on future demand
DUBAI (Reuters) – A rise in Iran’s crude oil exports once sanctions against it are lifted depends on future global oil demand and should not further weaken oil prices, senior officials were quoted as saying.
U.S. oil ‘strippers’ maneuver to keep pumping amid crude slump
HOUSTON (Reuters) – U.S. “stripper well” operators, the nation’s smallest oil producers seen as most likely to succumb to the crude price slump, are hanging in tough, reducing the chances of near-term production cuts needed to rebalance the domestic oi…
Fed’s Mester prefers a bit quicker U.S. rate-hike pace
SAN FRANCISCO (Reuters) – One of the Federal Reserve’s hawkish officials said on Sunday that while she prefers a slightly more aggressive approach, she is not opposed to her colleagues’ view that the U.S. central bank needs to raise interest rates only…
Global ETF industry grabs record cash in 2015: BlackRock
(Reuters) – Investors poured $347 billion into exchange-traded funds globally during 2015, fund-manager BlackRock Inc said on Sunday, setting a new record for the industry.
Honda says not considering new lending to Takata
TOKYO (Reuters) – Honda Motor Co. said on Monday it was not considering fresh lending to Takata Corp, the auto parts supplier at the center of a global recall over faulty airbag inflators, either on its own or as part of a group of Japanese automakers….
Japan December final manufacturing PMI steady at 52.6, orders pick up
Tokyo – Japanese manufacturing activity expanded in December at the same pace as the previous month as new orders grew at a faster rate in a sign the economy maintained momentum at the end of 2015, a revised survey showed on Monday.
China challenge: getting poor migrant workers to buy vacant homes
BEIJING/HONG KONG (Reuters) – Rattled by the potential economic fallout from millions of unsold homes, China wants migrant workers to buy properties in smaller cities and ease the burden on a real estate sector that makes up about 15 percent of the cou…
Fed’s new rate-hike tools passed key test, Fischer says
SAN FRANCISCO (Reuters) – New financial tools meant to help the Federal Reserve pull off its historic interest rate hike last month have worked, easing some internal concerns at the U.S. central bank, the Fed’s vice chairman said on Sunday.
Fed’s Mester strongly backs U.S. rate hike as prudent first step
SAN FRANCISCO (Reuters) – The Federal Reserve’s interest rate hike last month was a prudent first step to a more normal policy era and it signaled the central bank’s confidence that the U.S. economy will continue to improve, a top Fed official said on …
