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  • Business events scheduled for the coming week Thursday, 29 Jan 2015 | 1:37 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m. Eastern; Commerce Department releases construction spending for December, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for December, 10 a.m..

  • Shell says it will drill off Alaska if it can get permits Thursday, 29 Jan 2015 | 12:56 PM ET

    ANCHORAGE, Alaska— Royal Dutch Shell PLC will move forward with drilling off Alaska's northwest coast if it can obtain permits it needs and drill safely, its chief executive officer said Thursday. The announcement was consistent with what Shell officials have been saying about the upcoming summer open-water season in Alaska. Shell last drilled in Arctic...

  • LONDON, Jan 29- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, spiralled downwards to its lowest level in nearly three decades as rates for all the four vessel types continued to flounder. "Dry bulk remains under pressure across all segments on the back of very thin spot demand," Omar Nokta of Clarkson...

  • FOREX-Swiss franc under pressure, euro broadly stronger Thursday, 29 Jan 2015 | 11:38 AM ET

    NEW YORK, Jan 29- The Swiss franc dominated trade on major currency markets again on Thursday, weakening against the euro and the U.S. dollar on renewed speculation of intervention by the Swiss National Bank, while commodity-based currencies fell against the greenback. "Despite all the uncertainties related to Greece, the euro is trading resiliently off the...

  • NEW YORK, Jan 29- Global equity markets eased on Thursday on simmering worries over Greece's new anti-bailout government and the prospect for corporate earnings, but U.S. government debt prices fell on fresh signs of a strong American labor market. On Wall Street, Alibaba Group shares dropped 10.5 percent to $88.12 after its revenue missed expectations.

  • *Belarus economy has been hit by economic turmoil in Russia. MINSK, Jan 29- Belarussian President Alexander Lukashenko spooked bond markets on Thursday by speaking of a possible restructuring of $4 billion of Belarussian foreign debt falling due this year, then softened his comments to refer only to refinancing. During a marathon news conference the veteran...

  • LONDON, Jan 29- Brent oil futures rose above $49 a barrel on Thursday as speculator buying on hopes for a price rebound offset data showing record-high U.S. crude stocks. At 1438 GMT, U.S. crude was trading at $44.64 a barrel, up 19 cents off a six-year low hit on Wednesday. Brent was up 53 cents at $49 a barrel.

  • *Greece concerns weigh on Europe, Athens stocks up. LONDON, Jan 29- European stocks slipped and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world's largest economy and signalled it was on track to raise interest rates this year. Greece, where an anti-austerity prime minister took over on Monday, also kept investors...

  • Remote and costly to develop, the Arctic is estimated to contain 20 percent of the world's undiscovered hydrocarbon resources and despite fierce opposition, plans for drilling north of the Arctic Circle are under way in the United States, Russia and Norway. Shell, Europe's largest energy firm, is intent on restarting its Arctic drilling campaign in Alaska's...

  • LONDON, Jan 29- Standard Chartered's board will discuss succession planning at a meeting in Washington, D.C., on Thursday, people familiar with the matter said. It was inevitable issues around the succession of Chief Executive Peter Sands would come up, two people familiar with the matter said. The former McKinsey consultant steered Standard Chartered through...

  • LONDON, Jan 29- Brent oil futures held above $48 a barrel on Thursday as speculator buying on hopes for a price rebound offset data showing record-high U.S. crude stocks. U.S. crude was trading at $44.26 a barrel by 1141 GMT, down 19 cents but off a six-year low hit on Wednesday. "It's a tug of war between the non-supportive fundamentals and investor flows- investors are...

  • Shell aims to restart Arctic drilling this year -CEO Thursday, 29 Jan 2015 | 5:25 AM ET

    LONDON, Jan 29- Royal Dutch Shell is planning to restart oil drilling in the Arctic this year, Chief Executive Ben van Beurden said on Thursday. Van Beurden said he aimed to restart the campaign this year, pending approval of the necessary permits and the conclusion of various legal challenges. "Yes, we are minded to drill in the Chukchi Sea," he told reporters at a...

  • LONDON, Jan 29- Copper, nickel and other metals prices fell on Thursday on worries about excess supplies and after U.S. central bank authorities gave more signals of a looming rate hike which could tighten market liquidity. "Macro forces are largely dominating the market today, and over the near term, market attention will remain fixated on Greece and the Fed," said...

  • SAO PAULO, Jan 29- Banco Bradesco SA, Brazil's second-biggest private sector bank, on Thursday forecast lower lending growth for this year than it estimated for 2014, highlighting the economic headwinds facing Latin America's largest economy. The forecast highlights increased caution as Brazil's economic imbalances and growing skepticism over...

  • LONDON, Jan 29- Brent crude oil futures held above $48 a barrel on Thursday as investor inflows offset data showing that U.S. crude stocks had hit a record high. By 0928 GMT on Thursday, U.S. crude was trading at about $44.50 a barrel, up 5 cents and off a six-year low hit on Wednesday. "It's a tug of war between the non-supportive fundamentals and investor flows- investors...

  • *Greece concerns weigh on Europe, Athens stocks up. LONDON, Jan 29- Stocks fell in Europe and Asia and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world's largest economy and signaled it was on track to raise interest rates this year. Greece, where a radical leftist prime minister took over on Monday, also kept investors...

  • FOREX-Dollar firm post-Fed, franc eyed for intervention Thursday, 29 Jan 2015 | 4:12 AM ET

    LONDON, Jan 29- The U.S. dollar inched higher against the yen and was steady to the euro on Thursday after a Federal Reserve statement which, with some caveats, was read as keeping the bank on track to raise interest rates later this year. That prodded U.S. bond yields lower, but the overall picture, of a steadily improving U.S. economy while Europe and Japan remain mired...

  • UPDATE 1-Kaz Minerals hits annual copper output target Thursday, 29 Jan 2015 | 3:20 AM ET

    LONDON, Jan 29- Copper miner Kaz Minerals, formerly known as Kazakhmys, hit its production target for last year and made its first shipment of concentrate from its new copper and gold mine at Bozymchak in December, it said on Thursday. The London- listed company produced 294,000 tonnes of copper cathode equivalent in 2013. After the completion of a restructuring...

  • LONDON— In a sign of the impact on the oil sector of the slump in energy prices, Royal Dutch Shell Plc said Thursday it plans to cut spending by $15 billion over the next three years amid a drop in earnings. Europe's largest oil company by market value said fourth quarter net income fell 57 percent to $773 million due to the steep decline in oil prices.

  • MOSCOW, Jan 29- Russian food retailer Lenta said on Thursday its sales growth slowed in the fourth quarter to 30.6 percent from 32.9 percent in the previous quarter as consumers tightened spending amid soaring inflation. "It is clear that the economy will face further challenges in 2015," said Jan Dunning, Lenta Chief Executive Officer. Lenta, which raised about...