NEW YORK (Reuters) - U.S. stocks rose 1 percent on Wednesday, rebounding from five straight down sessions, lifted by strong private sector jobs data and minutes from the most recent Federal Reserve meeting that reassured investors the bank was in no hurry to start raising interest rates.
WASHINGTON (Reuters) - The U.S. trade deficit fell to an 11-month low in November as declining crude oil prices curbed the import bill, prompting economists to sharply raise their growth estimates for fourth-quarter growth.
WASHINGTON (Reuters) - U.S. central bankers have looked beyond a global deflation threat, fear of energy-sector bond defaults, and a surge of oil patch layoffs to reach what appears to be a firm conclusion: the U.S. recovery is here to stay.
NEW YORK (Reuters) - Oil closed up on Wednesday for the first time in five days as traders took stock of the market's rout after crude prices lost nearly 10 percent over two days and benchmark Brent fell to below $50 a barrel.
BERLIN/LONDON (Reuters) - Germany's Angela Merkel played down the chances of a Greek exit from the euro zone on Wednesday, but made clear she expected Athens to stick to the terms of its international bailouts after this month's election.
(Reuters) - Monsanto Co on Wednesday reported a 34 percent drop in quarterly profit, in part because of lower planted corn acreage in South America and a shift in timing of some sales, but the decline was less steep than analysts expected.
BRUSSELS (Reuters) - The European Union made public on Wednesday confidential papers being used to negotiate a free trade deal with the United States, an unprecedented step to deflect criticism from anti-globalization campaigners that Brussels is drawing up the world's largest trade deal in secret.
WASHINGTON (Reuters) - President Barack Obama's advisers will recommend he veto a House bill approving construction of the Keystone XL oil pipeline if the legislation reaches his desk, the White House said in a statement on Wednesday.