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Japan inflation slows as oil price falls, keeps BOJ under pressure

TOKYO - 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.

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Oil slides, Brent tests $60 as data shows glut building

NEW YORK - Global oil markets fell again on Wednesday in holiday-thin trade, extending more than a week of see-saw volatility as traders jousted over whether a growing supply glut had been fully priced in.

24 Dec 2014

Exclusive: U.S. minimum wage hikes to affect 1,400-plus Walmart stores

CHICAGO - Minimum wage increases across the United States will prompt Wal-Mart Stores Inc to adjust base salaries at 1,434 stores, impacting about a third of its U.S. locations, according to an internal memo reviewed by Reuters. | Video

24 Dec 2014

Wall St. ends flat in short session, Dow ekes out record close

NEW YORK - U.S. stocks closed flat in a short session on Wednesday as investors found few reasons to push major indexes to their sixth straight day of gains despite strength in biotechs and bullish labor market data. | Video

24 Dec 2014

Japan $29 billion stimulus seeks quick boost for regional economies: draft

TOKYO - Japan aims to give a quick boost to lagging regional economies and low-income households with subsidies, merchandise vouchers and other schemes in a $29 billion stimulus package aimed at rejuvenating a two-year reflationary effort, a draft of the plan showed.

24 Dec 2014

China offers fresh support for outbound investment

BEIJING - China will simplify currency rules and step up credit support for firms investing overseas, the cabinet said on Wednesday.

24 Dec 2014

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