Oil ends on a low after halving in 2014 as OPEC stands aside
NEW YORK (Reuters) – Oil prices fell on Wednesday to a 5-1/2-year low and ended with their second-biggest annual decline ever, down by half since June under pressure from a global glut of crude.
Tesco remuneration committee head to step down
(Reuters) – The head of the remuneration committee at scandal-hit British grocer Tesco PLC , Stuart Chambers, is set to step down, Tesco said on Wednesday.
After 2014’s party, investors in U.S. stock market may face a hangover
(Reuters) – Revelers ringing in the new year this week need to watch out for the next day’s hangover. Investors may experience a similar feeling early in 2015 after a two-year run that has propelled U.S. stocks up by nearly 50 percent.
Fed forecasting tool calls for immediate rate hike, Plosser says
(Reuters) – A forecasting tool developed by the Federal Reserve recommends that U.S. interest rates should be hiked immediately to keep pace with the improving economy, according to a paper by the soon-to-retire Philadelphia Fed President Charles Ploss…
Boeing appears to hit 111 of 787 deliveries for 2014, tops target
NEW YORK (Reuters) – Boeing Co appears to have delivered 111 of its 787 Dreamliners in 2014, topping its forecast of 110, after the company said on Wednesday it had delivered Etihad Airways’ first 787-9 jet.
Ambac sues Bank of America over Countrywide mortgage bonds
NEW YORK (Reuters) – Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank’s Countrywide Home Loans …
U.S. jobless claims rise, but labor market still firming
WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits rose more than expected last week, but the trend remained consistent with sustained strength in the labor market.
U.S. pending home sales rise modestly in November
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes rose only modestly in November, pointing to a still-sluggish housing market despite several months of stronger economic growth and hiring.
Chinese stocks, dollar and debt the stars of 2014
LONDON (Reuters) – Chinese and U.S. stocks headed the list of 2014 top performers while markets elsewhere ended the year on Wednesday on a cautionary note as worries about Greece’s future served as an excuse to take profits.
Anemic growth warrants easy monetary policy: IMF’s Lagarde
ROME (Reuters) – Accommodative monetary policy will remain necessary for as long as global growth remains weak, IMF managing director Christine Lagarde said in a newspaper article published on Wednesday.
