Easing stimulus, oversupply to weigh on oil next year: Reuters poll
(Reuters) – Middle Eastern unrest is seen putting a floor under oil prices this year, while increasing supply and a stronger dollar driven by an expected easing of U.S. stimulus will push prices lower in 2014, a Reuters poll showed.
WestJet to purchase 65 Boeing 737 MAX aircraft
TORONTO (Reuters) – Canada’s WestJet Airlines Ltd said on Thursday it has reached a preliminary agreement to purchase 65 737 MAX aircraft from Boeing Co , moving to expand its fleet with more fuel-efficient aircraft.
China’s ‘Big Four’ banks beat second-quarter estimates but concerns linger
SHANGHAI/HONG KONG (Reuters) – China’s top four banks posted better-than-expected quarterly profits this week, even as their stock market valuations remain the lowest in Asia, highlighting how pessimism about slowing Chinese economic growth is overshad…
India finance minister asks banks to ensure credit flow to industry
NEW DELHI (Reuters) – Indian Finance Minister P. Chidambaram on Thursday asked state-run banks to ensure flow of credit to every sector of industry, indicating the need for funding projects amid an economic slowdown.
Jobless claims data points to pickup in job gains in August
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell as expected last week, suggesting a strengthening in job gains in August after a slight pullback the prior month.
EU’s Rehn sees European recovery strengthening in 2014
ALPBACH, Austria (Reuters) – The fragile European economic recovery seen in the second quarter should continue into next year and become more solid, the European Commission’s top economics official told Reuters on Thursday.
Spain’s recession longer than thought, but close to ending
MADRID (Reuters) – Spain’s economy looks on the verge of exiting recession, though data showed the slump will have lasted three months longer than previously thought.
Exclusive: India might buy gold from citizens to ease rupee crisis
MUMBAI (Reuters) – India is considering a radical plan to direct commercial banks to buy gold from ordinary citizens and divert it to precious metal refiners in an attempt to curb imports and take some heat off the plunging currency.
U.S. foreclosures fall in July from year ago: CoreLogic
NEW YORK (Reuters) – There were fewer U.S. foreclosures in July than a year ago, while properties in the foreclosure pipeline also fell as the housing market continued to improve, according to data from CoreLogic released on Thursday.
India rupee bounces from record low, PM may address parliament on economy
MUMBAI (Reuters) – The Indian rupee rebounded on Thursday from a record low as the central bank’s action to sell dollars to oil companies provided relief for the currency, albeit one seen unlikely to last unless the government acts to shore up a saggin…
