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Oil edges down; weak China trade data drags

By Osamu Tsukimori TOKYO (Reuters) – Brent and U.S. crude futures edged lower on Monday as the dollar regained ground and as weak Chinese trade data stoked concerns about demand in the world's biggest energy consumer. Both benchmarks jumped more than $3 a barrel on Friday after the United Arab Emirates' energy minister was quoted as saying that OPEC members are ready to cooperate on curbing production. The mood inside OPEC is shifting from mistrust to a growing consensus that a decision must be reached on…

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Oil edges down; weak China trade data drags

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Japan economy shrinks more than expected, highlights lack of policy options

Japan's economy shrank more than expected in the final quarter of last year as consumer spending and exports slumped, adding to headaches for policymakers already wary of damage the financial market rout could inflict on a fragile recovery. The data underscores the challenges premier Shinzo Abe faces in dragging the world's third-largest economy out of stagnation, as exports to emerging markets fail to gain…

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Japan economy shrinks more than expected, highlights lack of policy options

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Fed’s ‘dot plot’ looks increasingly out of touch on rates

The Federal Reserve's rate path “dot plot” has become increasingly detached from financial markets' interest-rate projections and risks sending an overly hawkish message that may undermine the central bank's credibility. Despite falling inflation …

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Fed’s ‘dot plot’ looks increasingly out of touch on rates

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Asia shares rise despite weak China, Japan data; firmer yuan helps

Asian shares snapped a five-session losing streak on Monday as China's central bank fixed the yuan sharply stronger, easing fears of depreciation for now, though a string of weak data from Japan to China and Indonesia suggested the bounce may be short-lived. European shares were set to follow Asia higher. Most stock markets in

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Asia shares rise despite weak China, Japan data; firmer yuan helps

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GM China auto sales rise 5.2 percent in 2015

General Motors Co's vehicle sales in China rose 5.2 percent to 3.61 million in 2015, the U.S. carmaker said on Wednesday. GM and its Chinese joint venture partners sold 445,227 vehicles last month, a 14 percent rise from a year earlier, matching its growth rate for November. The automaker plans to launch 13 new or revamped models in China in 2016, including the Cadillac CT6, Malibu XL and Cruze XL, compared with 12 launches last year, according to a written statement posted on its website.

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GM China auto sales rise 5.2 percent in 2015

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Asia stocks buffeted by China worries, North Korea nuclear test

Asian shares fell on Wednesday and most emerging currencies retreated as China allowed the yuan to weaken further, stoking fears about its slowing economy, while a North Korean nuclear test heightened geopolitical tensions. Souring sentiment toward riskier assets in turn lifted safe-havens such as the Japanese yen

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Asia stocks buffeted by China worries, North Korea nuclear test

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Puerto Rico to default on some debts, will pay GO debt

Puerto Rico will default for the second time in five months, but will pay the bulk of $1 billion due on Jan. 4, including its most senior debt, Governor Alejandro Garcia Padilla said on Wednesday. The Caribbean island's biggest payment, $328.7 million in general obligation debt, will be paid, the governor told reporters at a press conference in San Juan. More than half of that payment was made by

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Puerto Rico to default on some debts, will pay GO debt

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KaloBios Pharmaceuticals files for bankruptcy in wake of Shkreli arrest

KaloBios Pharmaceuticals Inc, a biotechnology company that fired Chief Executive Martin Shkreli earlier this month after his arrest on charges of securities fraud, filed for Chapter 11 bankruptcy on Tuesday. The filing comes weeks after KaloBios received financing from Shkreli to avert closing down, only to have those plans upended by his arrest. Shkreli was arrested on Dec 17 for engaging in what U.S. prosecutors said was a Ponzi-like scheme at his former hedge

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KaloBios Pharmaceuticals files for bankruptcy in wake of Shkreli arrest

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Oil ending 2015 how it began – on the skids

By Wayne Cole SYDNEY (Reuters) – Asian share markets were ending the year on a subdued note on Thursday as a renewed slide in oil prices sapped sentiment, a baleful trend that shows every sign of lingering into 2016. The relentless decline in oil hit currencies of commodity-rich countries including the Russian rouble, Canadian dollar, Norwegian crown, Brazilian real and Mexican peso. While cheaper fuel is a boost to consumer spending power in much …

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Oil ending 2015 how it began – on the skids