Euro zone economy ended 2014 in poor shape: PMI
LONDON (Reuters) – The euro zone economy ended 2014 with its worst quarter for over a year as further price cutting failed to significantly drive up business activity, adding pressure on the European Central Bank to act, surveys showed.
ECB considering three approaches to QE: Dutch paper
AMSTERDAM (Reuters) – The European Central Bank is considering three possible options for buying government bonds ahead of its Jan. 22 policy meeting, Dutch newspaper Het Financieele Dagblad reported on Tuesday, citing unnamed sources.
U.S. small-business borrowing fell in November: PayNet
(Reuters) – U.S. small businesses reduced borrowing in November, sending the Thomson Reuters/PayNet Small Business Lending Index to its lowest level in eight months, according to data released on Tuesday.
Indonesia’s ARMS says shareholder proposal a threat to firm’s future
(Reuters) – Indonesia-focused coal miner Asia Resource Minerals (ARMS) , formerly known as Bumi, said on Tuesday that a board of directors change sought by its top shareholder would complicate a refinancing and could put the company’s future at risk.
Hyundai Motor Group says to invest $73 billion by 2018
SEOUL (Reuters) – South Korea’s Hyundai Motor Group, the world’s fifth-largest automaker, said on Tuesday it would spend $73 billion over four years on expanding capacity, building new headquarters and developing new vehicles.
China December HSBC services PMI at three-month high, more stimulus still seen
BEIJING (Reuters) – China’s services sector grew at its fastest pace in three months in December as new orders remained strong, a private survey showed, an encouraging sign of strength even as manufacturing activity slows and the property market soften…
Keystone pipeline would have little impact on gas prices: White House
WASHINGTON (Reuters) – The White House said on Monday that U.S. President Barack Obama believes the proposed Keystone XL pipeline would have little impact on U.S. gas prices but a spokesman would not say whether he would veto Republican legislation rel…
Hedge fund firm Tudor Investment closes oldest fund: source
NEW YORK (Reuters) – Paul Tudor Jones, the founder and chief investment officer of the roughly $13 billion hedge fund firm Tudor Investment Corp, has closed his firm’s oldest fund, a source familiar with the matter said on Monday.
Saudi slashes monthly oil prices to Europe; trims U.S., ups Asia
NEW YORK (Reuters) – Saudi Arabia made deep cuts to its monthly oil prices for European buyers on Monday, a move some analysts said reflects the kingdom’s deepening defense of market share, although it also hiked prices in Asia from record lows.
Morgan Stanley says wealth management employee stole client data
(Reuters) – Morgan Stanley said on Monday it had fired a financial adviser who allegedly stole account information from about 350,000 of its wealth management clients and posted some of it online.
