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Tuesday, November 25, 2014

Business Today: U.S. third-quarter growth rate revised up to 3.9 percent

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U.S. third-quarter growth rate revised up to 3.9 percent
WASHINGTON, Nov 25 (Reuters) - U.S. economic growth was far stronger than initially thought in the third quarter, pointing to strengthening fundamentals that should support the economy for the rest of the year.
OECD sees gradual world recovery, urges ECB to do more
PARIS (Reuters) - The global economy will gradually improve over the next two years but Japan will grow less than previously expected while the euro zone struggles with stagnation and an increased deflation risk, the OECD said on Tuesday.
Futures point to higher open after strong GDP data
NEW YORK (Reuters) - U.S. stock index futures pointed to a higher open on Tuesday, indicating major indexes would push even further into record territory, following a reading on economic growth that was much stronger than expected.
China won't consider more rate cuts or easing until fourth quarter data out: official
BEIJING (Reuters) - China's central bank will wait until fourth-quarter economic data is out and monitor U.S. and Japanese monetary policy before considering any more rate cuts or easing, a central bank adviser said on Tuesday.
Russian oil tsar to meet OPEC as Saudis keep market guessing
VIENNA (Reuters) - Russia's most powerful oil official, Igor Sechin, was due in Vienna on Tuesday for talks with OPEC members as the group's leader Saudi Arabia kept the market guessing about its response to flagging oil prices.
Bank of Japan's Kuroda resolute in fight against deflation, says ready to ease more
NAGOYA/TOKYO, Japan (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the bank's readiness to expand stimulus further to meet its price goal, a message that was partially echoed by an European Central Bank policymaker as the euro zone economy battles to lift off.
In wake of China rejections, GMO seed makers limit U.S. launches
(Reuters) - China's barriers to imports of some U.S. genetically modified crops are disrupting seed companies' plans for new product launches and keeping at least one variety out of the U.S. market altogether.
Exclusive: U.S. prosecutors to interview London FX traders - sources
LONDON/WASHINGTON (Reuters) - U.S. prosecutors will travel to London in the coming weeks to interview traders about currency market manipulation, the latest sign that authorities are closer to filing criminal charges stemming from the long-running probe, sources told Reuters.
Visteon in talks to sell South Korean unit to local PE firm
SEOUL (Reuters) - U.S. automotive parts maker Visteon Corp was in talks to sell a controlling stake in its South Korean unit Halla Visteon Climate Control Corp to a local private equity firm, Halla Visteon said in a regulatory filing on Tuesday.
Special Report: UK banks say 'smart' clients don't deserve compensation
LONDON (Reuters) - Scott Wotherspoon runs a small tiling firm in Scotland. In 2008, when he bought a shopfitting company, he asked his accountants to check its books. There was no problem with the shopfitter. But Wotherspoon was about to run into trouble with his bank.
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U.S. third-quarter growth rate revised up to 3.9 percent
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