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.
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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.
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.
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.
WASHINGTON - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, underscoring the economy's sustained strength.
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
The U.S. is in a peculiar position regarding North Korea's hack of Sony, as none of the options for retaliation are very palatable.