Business Today: U.S. producer prices fall, signal weak inflation pressures

		Click to View in Browser 12/12/2014 U.S. producer prices fall, signal weak inflation pressures WASHINGTON (Reuters) - U.S. producer prices fell in November and were muted even outside of energy, a sign of weak inflationary pressure that could point to persistent slack in the economy. Stock futures drop on China data, oil decline; data on tap NEW YORK (Reuters) - U.S. stock index futures fell on Friday, putting the benchmark S&P 500 on track to snap seven weeks of gains, after oil prices fell and Chinese data disappointed. Oil sinks below $63 to over five-year low on supply glut, weak demand LONDON (Reuters) - Brent crude oil slipped on Friday to below $63 a barrel, its lowest since July 2009, on persistent concerns over a global supply glut and weak demand outlook. Slow demand, rising supply put further pressure on oil price: IEA LONDON (Reuters) - Oil prices are likely to come under further downward pressure, the International Energy Agency said on Friday, as it cut its outlook for demand growth in 2015 and predicted healthy non-OPEC supply gains would aggravate a global oil glut. Draghi to urge European leaders to reform to back ECB stimulus FRANKFURT (Reuters) - The head of the European Central Bank is set to tell European leaders in stark terms at a summit next week that they need to reform straggling economies or risk blunting an ambitious monetary offensive to help revive the stagnant euro zone. Board of Brazil's Eletrobras OKs Petrobras debt renegotiation SAO PAULO (Reuters) - Brazil's state-run power company Eletrobras said on Friday its board had approved a plan to renegotiate 8.5 billion reais ($3.2 billion) in debt owed to state-run oil firm Petroleo Brasileiro SA . U.S. authorities face new fallout from insider trading ruling NEW YORK/WASHINGTON (Reuters) - U.S. prosecutors, already smarting from a appeals court ruling that weakens their ability to crack down on future insider trading, on Thursday faced widening fallout from the decision as some existing cases threatened to unravel. Trillion dollar IT trade deal on a knife-edge at the WTO GENEVA (Reuters) - A trillion dollar deal at the World Trade Organization to reduce tariffs in the vast information technology sector will stand or fall in the next 24 hours, trade diplomats said on Thursday. Mazda to recall 52,000 cars in Japan over Takata air bags TOKYO (Reuters) - Mazda Motor Corp said on Friday it would recall 52,000 cars in Japan to investigate potential defects in Takata Corp air bags. Fiat Chrysler says no plan to move Ferrari's tax base outside Italy MILAN (Reuters) - Fiat Chrysler Automobiles (FCA) has denied a media report saying it was considering a move in the tax residence of its Ferrari luxury sportscar unit outside Italy. Related Video Korea Air nut row apology Asia Week Ahead: Japan's economy awaits snap election Economic News U.S. producer prices fall, signal weak inflation pressures Oil slide hits European stocks, safe-haven assets sought A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend