Brent crude prices give up early gains as Japan imports wane

SINGAPORE - Brent crude oil futures gave up most of its early gains on Friday as a building supply glut and weak Japanese import data weighed on the market, but contracts held above $60 a barrel supported by U.S. economic data published over Christmas.

Recent Business News

Japan inflation slows and output slips, keep 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.

25 Dec 2014

Russia says ruble crisis over as reserves dive, inflation climbs

MOSCOW - Russia said on Thursday its currency crisis was over even though its forex reserves have plunged and annual inflation has climbed above 10 percent, adding to the problems facing the government as it fights its worst economic crisis since 1998.

25 Dec 2014

Subaru scraps plan to shift Crosstrek production to U.S.: source

TOKYO - Fuji Heavy Industries , the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant and will instead make the SUV in Japan, a source familiar with the company's production plans said.

25 Dec 2014

U.S. jobless claims fall to seven-week low

WASHINGTON - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, underscoring the economy's sustained strength.

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


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