Finance news

• Russia says ruble crisis over as reserves dive, inflation climbs

  25-12-2014 15:22 via news.yahoo.com
  
  By Elena Fabrichnaya and Alexander Winning MOSCOW (Reuters) - 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. The ruble plunged to all-time lows last week on heavy falls in the price of oil, the backbone of the Russian economy, and Western sanctions over the Ukraine crisis that made it near impossible f
  
  Read more

• UPDATE 1-Russia says rouble crisis over as reserves dive, inflation climbs

  25-12-2014 15:19
  * Forex reserves drop by $15.7 bln in one week (Adds drop in forex reserves)
  
  Read more

• MIDEAST STOCKS-Markets rise as Saudis maintain spending in 2015 budget

  25-12-2014 14:56
  * Oman's Al Anwar jumps 10 pct on possible share buy-back
  
  Read more

• UPDATE 1-Russian reserves fall below $400 bln, first time since 2009

  25-12-2014 14:03
  (Adds detail, analyst reaction) MOSCOW, Dec 25 (Reuters) - Russia's gold and foreign currency reserves dropped below $400 billion for the first time since August 2009 as of Dec. 19, the central bank...
  
  Read more

• Advertisement

• Russia's Putin scraps New Year's holidays for ministers

  25-12-2014 13:24 via news.yahoo.com
  
  MOSCOW (AP) — Russian President Vladimir Putin has scrapped New Year's holidays for government ministers because of the unfolding economic crisis.
  
  Read more

• Russia says currency crisis over, but inflation set to soar

  25-12-2014 13:15 via news.yahoo.com
  
  MOSCOW (Reuters) - Russia said its currency crisis was over on Thursday but warned that inflation is set to climb above 10 percent, adding to the problems facing President Vladimir Putin's government as it fights its worst economic crisis since 1998.
  
  Read more

• RPT-U.S. retailers likely to just meet holiday sales forecasts -experts

  25-12-2014 13:00
  CHICAGO, Dec 24 (Reuters) - U.S. consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in...
  
  Read more

• Chinese shares jump on new business support measures

  25-12-2014 12:53 via news.yahoo.com
  
  Chinese shares jumped Thursday after the government announced new corporate support policies aimed at boosting the economy, in thin trade with most Asian markets closed for the Christmas holiday.
  
  Read more

• Advertisement

• Russia: NATO expansion will force Moscow to respond - Interfax

  25-12-2014 12:34 via news.yahoo.com
  
  MOSCOW (Reuters) - A spokesman for Russia's Foreign Ministry said on Thursday that NATO's expansion to the east would force Russia to take "adequate" measures in response, Interfax news agency reported. The spokesman, Alexander Lukashevich, also said at a briefing that Russia was sure that Ukraine's "European-Atlantic tilt" would be unlikely to help Kiev solve its social and economic difficulties. (Reporting by Alexander Winning; Editing by Polina Devitt)
  
  Read more

• SE Asia Stocks - Thai index falls for 3rd day, Vietnam hit by oil drop

  25-12-2014 11:43
  BANGKOK, Dec 25 (Reuters) - Thailand's key stock index fell for a third straight day while Vietnam's benchmark ended a three-day winning streak on Thursday, hit by selling in large-cap energy shares...
  
  Read more

• Chinese shares jump on corporate support policies

  25-12-2014 11:10 via news.yahoo.com
  
  Chinese shares rose Thursday after the government announced new corporate support policies aimed at boosting the economy, dealers said.
  
  Read more

• Citi agrees to sell Japan retail banking to SMBC

  25-12-2014 11:03
  
  TOKYO (Reuters) - Citigroup Inc has agreed to sell its Japanese retail banking operations to Sumitomo Mitsui Banking Corp (SMBC), as the U.S. bank retreats from unprofitable businesses around the...
  
  Read more

• Saudi plans to raise spending 0.6 pct in 2015 budget, run deficit

  25-12-2014 10:50
  DUBAI, Dec 25 (Reuters) - Saudi Arabia plans to raise government spending by 0.6 percent to a record high next year while covering a large budget deficit due to plunging oil prices with its huge...
  
  Read more

• UPDATE 1-Citi agrees to sell Japan retail banking to SMBC

  25-12-2014 10:39
  * Deal price not disclosed, sources had said about $333 million
  
  Read more

• Russian presidential aide sees 11 pct inflation at end-2014 - RIA

  25-12-2014 10:15
  MOSCOW, Dec 25 (Reuters) - An economic aide to Russian President Vladimir Putin told journalists on Thursday that annual inflation would reach around 11 percent by the end of the year.
  
  Read more

• CORRECTED (OFFICIAL)-Saudi Arabia's Alinma Bank proposes 0.5 riyal per share dividend for 2014

  25-12-2014 09:54 via news.yahoo.com
  
  (bank corrects earlier statement to 0.5 riyal, not 5.0 riyal) DUBAI, Dec 25 (Reuters) - The board of Saudi Arabia's Alinma Bank recommended a dividend of 0.5 riyal per share for 2014, a bank official said on Thursday. Earlier, Alinma said in a statement to the Saudi stock exchange that the dividend would be 5.0 riyals. But a bank official, contacted by telephone, subsequently told Reuters that was wrong and the correct figure was 0.5 riyal. It would be the bank's first dividend since it listed o
  
  Read more

• BRIEF-Guangdong Alpha Animation in stake acquisition, movie production deals with US firm 451 Media

  25-12-2014 09:45
  Dec 25 (Reuters) - Guangdong Alpha Animation and Culture Co Ltd
  
  Read more

• Sony's Tokyo HQ taking greater role in Hollywood studio after furore

  25-12-2014 09:43
  TOKYO/LOS ANGELES, Dec 25 (Reuters) - Sony Corp's Tokyo headquarters is changing its usual arm's-length relationship with its U.S. studio following a massive cyberattack and the controversy over the...
  
  Read more

• UPDATE 1-Russian rouble strengthens in thin trade

  25-12-2014 09:35
  MOSCOW, Dec 25 (Reuters) - Russia's rouble strengthened on Thursday as exporters sold foreign currency in response to government pressure and to meet tax payments, but trading volumes were thin as...
  
  Read more

• Saudi Arabia's Alinma Bank plans 2014 dividend of 5 riyals

  25-12-2014 09:24 via news.yahoo.com
  
  DUBAI, Dec 25 (Reuters) - The board of Saudi Arabia's Alinma Bank said on Thursday that it was recommending a dividend of 5.0 riyals per share for 2014. It would be the bank's first dividend since it listed on the stock market in 2008. Net profit jumped 29 percent from a year earlier in the first nine months of this year to 932 million riyals ($249 million), with the bank citing growth in core activities and an increase in operating income. (Reporting by Andrew Torchia)
  
  Read more

• Russian FinMin working to ensure VTB gets state support by year-end - minister

  25-12-2014 09:17
  MOSCOW, Dec 25 (Reuters) - Russia's Finance Minister Anton Siluanov said on Thursday that his ministry was doing everything possible to ensure that state bank VTB gets money from the National Wealth...
  
  Read more

• Citigroup selling its Japan retail bank business

  25-12-2014 09:03 via news.yahoo.com
  
  Citigroup said on Thursday it was selling its century-old Japanese retail banking operations to major lender Sumitomo Mitsui as part of an effort to shrink its consumer business globally. Under the agreement, Sumitomo unit SMBC Trust Bank would acquire Citibank Japan's operations including 32 retail branches, 740,000 customers, 1,600 employees, and deposits worth 2.5 trillion yen. "The sale represents another step in Citi's strategy of further streamlining its Global Consumer Bank
  
  Read more

• Russian Finance Ministry says rouble instability is over

  25-12-2014 09:01
  MOSCOW, Dec 25 (Reuters) - Russia's Finance Minister Anton Siluanov said on Thursday he believed a period of instability on the domestic currency market was over and added that the central bank could...
  
  Read more

• JPMorgan fund in talks on taking $200 million stake in India's SpiceJet: paper

  25-12-2014 08:39
  
  MUMBAI (Reuters) - A fund managed by JPMorgan Chase is in advanced talks to partner with Indian carrier SpiceJet Ltd's co-founder for a planned $200 million investment into the cash-strapped...
  
  Read more

• Rouble strengthens in early trade

  25-12-2014 08:26
  MOSCOW, Dec 25 (Reuters) - Russia's rouble strengthened in early trade on Thursday, as exporters continued to sell foreign currency, but trading volumes were thin as many Western markets were closed...
  
  Read more

• China stocks close up over 3 pct on financial revival

  25-12-2014 08:23
  SHANGHAI, Dec 25 (Reuters) - China stocks closed higher on Thursday as investors waded back into financial shares after selling off for three days.
  
  Read more

• Russia c.bank and FinMin did not conduct forex interventions on Dec. 23

  25-12-2014 08:13
  MOSCOW, Dec 25 (Reuters) - Russia's central bank said on Thursday that it and the Finance Ministry had not conducted forex market interventions on Dec 23.
  
  Read more

• Sumitomo Mitsui says to buy Citi's Japan retail operations

  25-12-2014 07:58
  TOKYO, Dec 25 (Reuters) - Sumitomo Mitsui Banking Corp has agreed to buy Citigroup Inc's Japanese retail banking business and merge it with its subsidiary SMBC Trust Bank, the companies said on...
  
  Read more

• BRIEF-Taiwan's TSMC orders equipment from ASML for China operations

  25-12-2014 07:34
  Dec 25 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd
  
  Read more

• SE Asia Stocks - Thai index near 1-week low, Vietnam retreats amid regional holidays

  25-12-2014 07:26
  BANGKOK, Dec 25 (Reuters) - Thailand's key stock index hit a near one-week low on Thursday as energy shares fell in line with a slide in global oil prices and Vietnam's benchmark retreated from a...
  
  Read more

• FOREX-Yen gains vs dollar, euro in Christmas-thinned market

  25-12-2014 07:13
  * Many markets around the region closed, as well as Europe, U.S.
  
  Read more

• Nikkei breaks winning streak in thin trade; JAL suffers

  25-12-2014 07:11
  By Thomas Wilson TOKYO, Dec 25(Reuters) - Japanese stocks skidded on Thursday in thin Christmas Day trade as investors booked gains after five consecutive days of gains. In the lowest trade by volume...
  
  Read more

• BRIEF-TSMC orders machinery equipment worth T$573 million

  25-12-2014 07:07
  Dec 25 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd
  
  Read more

• JGB 10-year yield hits record low

  25-12-2014 06:47
  TOKYO, Dec 25 (Reuters) - The benchmark 10-year Japanese government bond yield dropped to a record low on Thursday as investors moved down the curve seeking higher yielding debt in a holiday-thinned...
  
  Read more

• China's Dalian Wanda to buy online payment platform -sources

  25-12-2014 06:38
  BEIJING Dec 25 (Reuters) - China's Dalian Wanda Group Co, whose real estate arm just raised about $3.7 billion in a Hong Kong share sale, plans to invest more than $300 million for control of a...
  
  Read more

• Thai leader cites China as positive example in year-end message

  25-12-2014 06:31 via news.yahoo.com
  
  By Amy Sawitta Lefevre BANGKOK (Reuters) - Thai Prime Minister Prayuth Chan-ocha cited China as a good example of economic development in a year-end speech to government officials seven months after he seized power in a military coup. Prayuth, a former army chief who led the coup, said Thais should "stop bickering" and look to regional superpower China for inspiration. His speech on Thursday came after a two-day state visit to China aimed at forging closer ties with Beijing following a
  
  Read more

• UPDATE 1-Subaru scraps plan to shift Crosstrek production to U.S. -source

  25-12-2014 06:06
  (Adds details, background on Japanese automakers shifting production home)
  
  Read more

• UPDATE 1-JGBs gain, 2-year debt sold at negative yield

  25-12-2014 05:48
  * 2-year JGBs sold at negative yield for first time (Adds overall market moves)
  
  Read more

• Japan 2-year JGBs sold at negative yield for first time

  25-12-2014 04:56
  TOKYO, Dec 25 (Reuters) - Japanese two-year government bonds were sold for the first time at negative yields on Thursday, underlining strong demand for the debt under the Bank of Japan's qualitative...
  
  Read more

• China stocks rally after report on easing of loan-deposit ratio rules

  25-12-2014 04:51
  * Local media reports PBOC liberalises deposit requirements
  
  Read more

• DIARY- Top Economic Events to Jan 8

  25-12-2014 01:03
  ** This Diary is filed daily ** ----------------------------------------------------------- TOP ECONOMIC EVENTS
  
  Read more

• Financial News is closed for Christmas

  25-12-2014 01:00
  
  FN is taking a short break until Monday, December 29, when we will return with a reduced service. We wish all of our readers a Merry Christmas
  
  Read more

Follow @FinanceUSA_News on Twitter!