China stock connect scheme scorecard throws up surprises
HONG KONG (Reuters) – A month after China opened up its equity markets in a landmark trading link with Hong Kong, demand has been subdued and the bulk of activity has come from short-term speculative investors.
Saudi Arabia says won’t cut oil output
ABU DHABI (Reuters) – Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world’s top petroleum exporter plans to ride out the market’s biggest slump in…
U.S. gas prices fall to lowest since May 2009: Lundberg survey
NEW YORK (Reuters) – The average price of a gallon of gasoline in the United States fell 25 cents in the past two weeks, tumbling to its lowest level in more than five-and-a-half years, according to the Lundberg survey released Sunday.
Exclusive: Southwest’s oil swap trade waiver raises CFTC questions
WASHINGTON (Reuters) – Last month’s move by the U.S. commodities regulator to let Southwest Airlines Co keep its multibillion-dollar oil trades secret for 15 days offered the world’s biggest low-cost carrier a break it has been seeking for three years….
Capital hike, asset sales to fill gap at Monte Paschi: chairman
VIENNA (Reuters) – Italian lender Monte dei Paschi di Siena expects to complete its planned capital increase by July and can use divestments to help plug a hole in its balance sheet, Chairman Alessandro Profumo told an Austrian newspaper.
DISH, Comcast SportsNet reach deal in regional dispute
WASHINGTON (Reuters) – Satellite TV provider DISH Network Corp and Comcast Corp’s SportsNet have reached a deal allowing the cable giant’s regional sports networks to remain on-air for DISH subscribers, the two companies said on Saturday.
North Korea denies hacking Sony, U.S. stands by its assertion
SEOUL/WASHINGTON (Reuters) – North Korea said on Saturday U.S. accusations that it was involved in a cyberattack on Sony Pictures were “groundless slander,” and that it wanted a joint investigation into the incident with the United States.
Last U.S. holiday shopping weekend off to solid start
CHICAGO/NEW YORK (Reuters) – Shoppers filled up malls and department stores on the last weekend before Christmas, as the weather cooperated to help raise the prospect of a solid finish to a holiday season that has so far produced mixed results.
ECB’s Coene supports government bond purchases: newspaper
BRUSSELS (Reuters) – The European Central Bank should start buying government bonds to tackle poor investor confidence and low inflation in the euro zone, governing council member Luc Coene said in an interview published on Saturday.
Three air-bag accidents at Boeing plant lead to extra safety measures
SEATTLE (Reuters) – Workers at planemaker Boeing’s Everett plant near Seattle are following extra safety measures after three air bag-related accidents, including the death of a technician last month, the company said on Friday.
