WASHINGTON (Reuters) - U.S. consumer prices recorded their biggest decline in six years in December and underlying inflation pressures were benign, which could bolster the case for delaying the first interest rate increase from the Federal Reserve.
LONDON (Reuters) - Brent crude oil rose more than $2 to around $50 a barrel on Friday after the West's energy watchdog forecast the market sell-off would end, although analysts said a strong rebound soon was unlikely as global output continued to outweigh demand.
(Reuters) - Goldman Sachs Group Inc reported a 7 percent drop in quarterly profit as investment banking revenue slid and an unexpected bout of market volatility in December hit its bond trading business.
NEW YORK (Reuters) - U.S. stock index futures fell on Friday, following five straight days of losses for major indexes, as markets continue to absorb the shock of Switzerland's move to ditch its currency cap.
HOUSTON/LONDON (Reuters) - BP Plc will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion dollars less than feared, after a judge ruled that it was smaller than the U.S. government claimed.
(Reuters) - The Federal Reserve should keep rates near zero for all of 2015, Minneapolis Fed President Narayana Kocherlakota reiterated on Friday, or risk slowing U.S. job growth and inflation's return to the Fed's 2 percent goal.
BEIJING (Reuters) - China's Alibaba Group Holding Ltd , the world's biggest e-commerce company, is piloting a mobile messaging app aimed at marrying social networking with business, an Alibaba spokeswoman said on Friday, as the company expands its enterprise services.
LONDON/HONG KONG (Reuters) - Retail foreign exchange brokers from New Zealand to New York were nursing hefty losses from the Swiss National Bank's shock move to abandon a cap on its currency, with some even being forced out of business.
NEW YORK/SAN FRANCISCO (Reuters) - Tumbling oil prices have strengthened rather than weakened the Federal Reserve's resolve to start raising interest rates around midyear even as volatile markets and a softening U.S. inflation outlook made investors push back the timing of the "liftoff."
SAN FRANCISCO/BEIJING/SHANGHAI (Reuters) - China's Alibaba Group Holding Ltd plans a major move to win U.S. business this year, by offering American retailers new ways to sell to China's vast and growing middle class.