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Friday, December 26, 2014

Business Today: Stock futures edge higher, on track for weekly gain

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Stock futures edge higher, on track for weekly gain
NEW YORK (Reuters) - U.S. stock index futures edged higher on Friday, putting major indexes on track for a second straight weekly advance, though moves were likely to be slight with few market catalysts and many traders still out for the Christmas holiday.
Oil edges further above $60 as Libyan output slumps
LONDON (Reuters) - Oil edged further above $60 a barrel on Friday as unrest in Libya cut supplies, offsetting a growing supply glut in top consumer the United States and weak imports by Japan.
Russia gears up for sharp slump as bailed-out bank gets more funds
MOSCOW (Reuters) - Slumping oil prices have put Russia's economy on course for a sharp recession next year, its finance minister said on Friday, as authorities scaled up the bailout of the first bank to succumb to the country's currency crisis.
Japan inflation slows and output slips, keep BOJ under pressure
TOKYO (Reuters) - Japanese annual core consumer inflation slowed for a fourth straight month in November due largely to sliding oil prices, highlighting the challenges the central bank faces in achieving its 2 percent inflation target.
China's antitrust regulator says Qualcomm case to be settled soon
BEIJING (Reuters) - The Chinese government said on Friday that it will soon settle its antitrust investigation of U.S. mobile chipmaker Qualcomm Inc.
Hyundai Motor promotes younger executives, with eye on succession planning
SEOUL (Reuters) - Hyundai Motor and affiliate Kia Motors promoted younger executives on Friday, in moves analysts said would help smoothen an eventual leadership succession at the family-owned conglomerate.
Prosecutors raid LG headquarters over washing machine row with Samsung
SEOUL (Reuters) - Prosecutors raided the headquarters of LG Electronics on Friday as part of a probe into whether the South Korean company had damaged the washing machines of rival Samsung Electronics at retail stores in Germany, LG said.
S&P nears settlement on real-estate bond ratings: WSJ
(Reuters) - Standard & Poor's Ratings Services is nearing a settlement with regulators over their investigation of how the company graded real-estate bonds, the Wall Street Journal reported, citing people familiar with the matter.
U.S. retailers likely to just meet holiday sales forecasts: experts
CHICAGO (Reuters) - U.S. consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in a season marked by deep discounts and growing encroachment from online rivals led by Inc .
Russia's Finance Minister sees economy shrinking 4 percent in 2015
MOSCOW (Reuters) - Finance Minister Anton Siluanov said on Friday that the Russian economy could contract by 4 percent next year and that the budget could have a deficit of more than 3 percent of gross domestic product if oil prices average $60 a barrel.
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Stock futures edge higher, on track for weekly gain
Oil edges further above $60 as Libyan output slumps
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