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China's trade growth seen falling short of target in 2014

SHANGHAI - China's trade will grow 3.5 percent in 2014, implying the country will fall short of a current 7.5 percent official growth target, according to a report on the Ministry of Commerce's website that was subsequently revised to remove the numbers.

Recent Business News

Oil declines amid stronger dollar, crude oversupply in U.S.

NEW YORK - Oil prices fell Friday, tumbling as the dollar strengthened and as a supply glut in top consumer, the United States, trumped worries about falling production from Libya.

26 Dec 2014

India working to fix e-commerce payments post-Uber case: central bank governor

MUMBAI - U.S. taxi-hailing company Uber Technologies violated Indian regulations by "bypassing" rules when it used an overseas gateway to conduct transactions in the country, Reserve Bank of India Governor Raghuram Rajan said in a television interview.

2:06am EST

U.S. retailers miss fewer Christmas deadlines: early surveys

SAN FRANCISCO - Major U.S. retailers missed fewer Christmas deliveries this year, according to two small, early surveys released on Friday, partly reflecting a year's worth of investments made to avoid 2013's last-minute shipping debacle.

26 Dec 2014

Shares rise in thin post-holiday trade; oil, natural gas slip

NEW YORK - U.S. stocks pushed higher on Friday, with the Dow and S&P 500 both closing at record highs, while oil and natural gas fell on worries of a supply glut and on mild U.S. weather.

26 Dec 2014

Russia forecasts economic slump as bailed-out bank gets more funds

MOSCOW - Slumping oil prices have put Russia's economy on course for a sharp recession and double-digit inflation next year, government ministers said on Friday, as authorities scaled up a bailout for the first bank to succumb to this month's ruble crisis. | Video

26 Dec 2014

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