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Monday, December 22, 2014

Business Today: Futures climb after three-day run

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Futures climb after three-day run
NEW YORK (Reuters) - U.S. stock index futures advanced on Monday, after the S&P 500 notched its best weekly performance in almost two months, as oil prices continued to show signs of stabilizing.
Russia entering 'full-fledged economic crisis', says ex-minister Kudrin
MOSCOW (Reuters) - Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, warning the full effects would be felt next year.
Saudi's Naimi says OPEC will not cut output however far oil falls: MEES
LONDON (Reuters) - Saudi Arabia convinced its fellow OPEC members that it is not in the group's interest to cut oil output however far prices may fall, the kingdom's oil minister Ali al-Naimi said in an interview with the Middle East Economic Survey (MEES).
UK to extend Libor manipulation laws to cover gold, oil, silver
LONDON (Reuters) - Britain will widen the scope of laws which make the manipulation of market benchmarks a criminal offense to include seven more rates covering the currency, gold, oil and silver markets by April 1, the government said on Monday.
Oil prices likely to rebound in second half of 2015: Reuters poll
(Reuters) - Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in U.S. shale production counters a supply glut exacerbated by OPEC's decision not to cut output, a Reuters monthly survey showed.
Airbus delivers first A350, rules out cancelling A380 project
TOULOUSE, France (Reuters) - European planemaker Airbus delivered its first A350 mid-sized jetliner to Qatar Airways on Monday and moved to end speculation about the future of its larger A380 superjumbo.
Russia to bail out Trust Bank with up to $530 million
MOSCOW (Reuters) - Russian mid-sized lender Trust Bank is to receive up to 30 billion rubles ($530 million) from the central bank to stop it going bankrupt in the first bailout of its kind during the current rouble crisis.
Air China signs deal to purchase 60 Boeing B737 aircraft
BEIJING (Reuters) - Air China Ltd , the country's flag carrier, said Monday it signed an agreement to order 60 Boeing B737 planes for a total price of $5.9 billion.
Uber business model faces legal scrutiny in Taiwan, Chinese mega city
TAIPEI/SHANGHAI (Reuters) - Uber Technologies Inc is under fire in Taiwan and the Chinese mainland mega city Chongqing over concerns that it and its drivers are not appropriately licensed, adding to a string of official complaints aimed at the fast-growing U.S. start-up.
Oil falls towards $61 on supply outlook
LONDON (Reuters) - Oil fell towards $61 a barrel on Monday, reversing gains after Saudi Arabia indicated it could increase its output.
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