John Hess, Hess CEO, discusses the benefits of exporting America's oil. And Sen. Heidi Heitkamp, (D-N.D.), shares her thoughts.» Read More
But in an ironic twist, the feel-good triumph in Brazil may have come at a time when Germany's new "Wirtschaftswunder", or economic miracle, is coming to an end.
*Europe stocks set for biggest weekly gain since Feb. The euro, which took a hit on Thursday after data showed Europe's powerhouse economy Germany unexpectedly contracted in the second quarter, edged up against the dollar on Friday but remained near nine-month lows.
LONDON, Aug 15- Brent crude stabilized below $103 a barrel on Friday, close to a 13- month low, on ample supplies of high-quality oil and signs faltering global economic growth may be capping fuel demand.
NEW DELHI, Aug 15- India's national Planning Commission certainly tried to present a modern image, with a Twitter profile that promised "Faster, More Inclusive and Sustainable Growth". "Times have changed since the Planning Commission was created," Modi said on Friday, in a speech to mark India's liberation from British colonial rule.
Data showed on Thursday the euro zone economy failed to grow in the second quarter even before the sanctions the West and Russia imposed on each other over the conflict in Ukraine started to bite.
SINGAPORE, Aug 15- Brent crude edged up on Friday, helped by weakness in the dollar, but it remained near a 13- month low below $103 a barrel as a shaky European economy fuelled concern about demand in a well-supplied oil market. Growth in Germany and France ground to a halt in the second quarter.
*Japan's Nikkei underperforms but still on track for winning week. Euro zone bond yields dropped to record lows after Germany reported its economy unexpectedly shrank in the second quarter, raising expectations of more European Central Bank easing measures.
SINGAPORE, Aug 15- Brent crude edged up on Friday but still traded near a 13- month low below $103 a barrel as a shaky European economy fueled concern about demand in a well-supplied oil market.
*U.S. crude had edged down 4 cents to $95.54 a barrel by 0011 GMT, after settling down $2.01 at $95.58 in the previous session- the lowest close since Jan. 21 at $94.99.
Euro zone bond yields dropped to record lows after Germany reported its economy unexpectedly shrank in the second quarter, raising expectations of more European Central Bank easing measures.
*Putin strikes conciliatory tone on Ukraine. NEW YORK, Aug 14- U.S. stocks advanced on Thursday after conciliatory comments from Russia helped ease concerns about escalation of the conflict in Ukraine and offset some uninspiring earnings.
CNBC's Bob Pisani explains how Vladimir Putin impacted trading activity today.
Stocks rose Thursday on comments by Vladimir Putin. Jeffrey Mankoff, CSIS Russia and Eurasia Program, and Jon Najarian, Optionmonster.com, provide perspective to the activity.
*Gold demand fell in 2nd- qtr- World Gold Council. NEW YORK/ LONDON, Aug 14- Gold prices were a touch higher on Thursday in thin trading, but gains were limited by U.S. jobless claims data which showed continued recovery in the labor market and conciliatory comments from Russian President Vladimir Putin about Ukraine.
*U.S. jobless claims up, data initially weighs on dollar. NEW YORK, Aug 14- The U.S. dollar recovered from early losses on Thursday in generally thin trading, boosted by gains on Wall Street as tensions eased in Ukraine and the Middle East.
NEW YORK, Aug 14- U.S. stocks rose modestly on Thursday after conciliatory comments from Russian President Vladimir Putin helped ease concerns about escalation in Ukraine and offset some uninspiring earnings reports.
CNBC's Seema Mody reports on S&P 500 stocks with European exposure; and Dominic Chu reports which emerging markets rely on developed markets.
CNBC's Michelle Caruso-Cabrera provides insight to how the global market reacted to a weak German GDP number, and other bad data.
NEW YORK/ LONDON, Aug 14- Gold prices were little changed on Thursday as investors shrugged off a bigger-than-expected rise in U.S. jobless claims, while conciliatory comments from Russian President Vladimir Putin eased jitters about the Ukraine crisis that had prompted some safe-haven buying of bullion.
HELSINKI, Aug 14- Finland pulled out of recession in the second quarter but growth was negligible and dark clouds are gathering again as Russian sanctions could hit the economy in the coming months.