Ruble Steadies After Putin Speaks
The Russian ruble steadied against the dollar after President Vladimir Putin cautiously endorsed the central bank’s policy and gave no gruesome forecasts at his end-of-year news conference amid a growing economic crisis.
Putin Holds Key to Fallout From Ruble
How far the turmoil from Russia’s collapsing currency spreads depends partly on whether an isolated President Vladimir Putin wants to deploy foreign-currency reserves to soothe Western creditors.
European Stocks Rally on Fed
Stocks in Europe rallied as investors welcomed the message from the Fed that it will be patient in deciding when to raise interest rates.
Asian Shares Rise
Stocks in Japan jumped, leading most of Asia higher, on signals that the U.S. isn’t in a hurry to raise interest rates.
Nigeria Restricts Forex Trading
Nigeria’s central bank set new foreign exchange controls to stop its currency from falling, as tumbling crude prices and strikes cripple Africa’s top economy.
Persian Gulf Stocks Rebound as Oil Gains
Persian Gulf stocks, which tumbled into bear-market territory in the past few weeks, rebounded sharply as investors took heart from a rise in oil prices and after Saudi Arabia said it would continue to spend at home.
Fitch Downgrades Venezuela on Falling Oil Prices
Fitch Ratings cut Venezuela’s rating further into junk territory Thursday, saying that falling oil prices are pressuring the country’s already-troubled finances.
Dash for Cash Squeezes China's Money Market
Short-term borrowing costs in China soared as demand for cash surged due to a number of new stock offerings and the year-end shopping spree.
Benchmark Overhaul Hits Hurdles
U.K. regulators are expected to report in coming weeks on plans to fix global financial benchmarks. But efforts so far under way are already running into difficulties.
Eurozone Construction Rebounds
Construction across the 18 countries that share the euro rose in October at the fastest pace this year, a tentative indication that households and businesses may be becoming less reluctant to invest.
Portugal's Banco BPI Eyes Novo Banco
Portuguese lender Banco BPI said that it will participate in the first round of the bidding process for Novo Banco SA.
Hong Kong Is Second for IPOs
A rush of multibillion-dollar initial public offerings in the last month has pushed Hong Kong into second place in the global IPO rankings, behind New York, home to the record Alibaba listing in September.
Brazil to Maintain Currency-Strengthening Move
Brazilian central bank President Alexandre Tombini said the bank plans to continue its program of regularly auctioning currency-swap contracts, a move that could help prop up the country’s rapidly weakening currency.
ICBC Banker Wrapped Up in Two Lawsuits
A senior banker at a state-owned Chinese bank is embroiled in two lawsuits, one in which he is defending himself against his former employer and another in which he is demanding money back from his personal bank.
Dalian Wanda Raises $3.7 Billion
Dalian Wanda Commercial Properties raised $3.7 billion in an initial public offering in Hong Kong after pricing the deal near the high end of an indicative price range
Biotech Seed Makers Try to Defuse Trade Uncertainties
The U.S. agricultural industry is crafting a framework for launching new biotech seeds in an attempt to avoid the types of trade disruptions blamed for hundreds of millions of dollars in losses over the past year.
Emerging Markets Tumble on Oil Jitters
Markets across the developing world fell on Monday, on heightened jitters over falling oil prices and U.S. monetary tightening.
Investment Banks Enjoy Asia Deal Boom
Investment banks in Asia are finishing up their busiest year since 2010, helped by strong IPO activity and especially Alibaba’s record offering.
Canada to Clamp Down on Routing Stock Orders to U.S.
Canadian regulators signaled Monday that they are moving ahead with plans to clamp down on efforts by domestic brokers to route stock orders to U.S. trading venues.
Markets Are Diverging in the Emerging World
India and Indonesia have benefited from perceptions new leaders will help businesses. The story is different in Brazil, South Africa and Turkey.
Seeking Positives in Negative Yields
Some European bond yields have gone negative as rates hit record lows and lenders are looking for places to park their surplus cash.
Investors See Reasons to Jump Into U.S. Markets
A resurgent dollar is remaking the investment landscape as Fed stimulus ends, in a shift many fund managers expect will propel U.S. stocks, and even bonds, to fresh gains.
Oil Tanks as Supply Overwhelms Demand
A global glut of oil sent prices skidding this summer, and demand is expected to remain soft in the coming months.
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