No chance of OPEC output cut, even after oil dips below $50: Gulf delegates
Saudi Arabia and its Gulf OPEC allies are showing no sign of considering cutting output to boost oil prices, even though they dipped below $50 a barrel this week.
Car makers pay to keep Chinese dealers happy as market slows
After years of outsized growth that turned China into the world's biggest car market, a slowdown is exacerbating tensions between global automakers and local car dealers, with smaller margins leading to tougher negotiations over sharing profits.
Executives at parent firm of Credit Suisse's China partner summoned in probe
The parent of Founder Securities, Credit Suisse AG's brokerage venture partner in China, said four of its executives were ordered to cooperate with an official investigation, stirring concerns as a dispute heats up with a major shareholder.
Euro zone economy ended 2014 in poor shape
The euro zone economy ended 2014 with its worst quarter for over a year as further price cutting failed to significantly drive up business activity, adding pressure on the European Central Bank to act, surveys showed.
Euro zone in better position to limit contagion
The euro zone has new mechanisms in place that limit the threat of contagion, a spokeswoman for the German finance ministry said on Monday, in response to a question about whether the bloc could cope with a hypothetical Greek exit.
Russia oil output hits post-Soviet high, small firms help
Russia's 2014 oil output hit a post-Soviet record high average of 10.58 million barrels per day (bpd), rising by 0.7 percent helped by small non-state producers, Energy Ministry data showed on Friday.
Kremlin critic Navalny given suspended sentence, brother jailed
A Russian court gave Kremlin critic Alexei Navalny a suspended sentence on Tuesday for embezzling money but jailed his brother for three and a half years in a case seen as part of a campaign to stifle dissent.
Shares off in low-volume markets; safe-havens rise
A wave of risk aversion swept through global markets on Tuesday, with light volume magnifying moves, as end-of-year trades focused on worries about Greece's future in the euro zone, pushing shares lower and lifting the safe-haven yen, silver and gold.
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