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  • West Texas Intermediate crude futures traded above $55 a barrel while benchmark Brent hovered above the psychologically key $60 level, gaining over 2 percent in New York's morning trade. "At least I'm not convinced that with Brent at $60 or WTI above $55, we've seen the bottom yet," said Tariq Zahir, managing member at Tyche Capital Advisors in Laurel Hollow, New...

  • GLOBAL MARKETS-Equities extend rally, oil rebounds Friday, 19 Dec 2014 | 11:03 AM ET

    LONDON/ NEW YORK, Dec 19- Equity markets worldwide extended the week's rally on Friday, and oil prices rebounded from recent lows as traders said investors were starting to reduce exposure as the end of year approaches. Wall Street's momentum, hopes that Russia was stabilizing and a recommitment from Japan to its massive stimulus campaign pushed Asian stocks to...

  • LONDON, Dec 19- Reuters will cover all major market moves on merit throughout the holiday period. The pan-European stock market report will include Britain's FTSE 100. There will be no separate FTSE report. There will be no Global Markets report from London on Dec. 25 and 26 or on Jan. 1.

  • LONDON, Dec 19- A three-day rally in world share markets started to peter out on Friday as worries emerged that the European Central Bank's money printing plans could come with a number of restrictive strings attached. Officials speaking to Reuters on condition of anonymity said the ECB may require countries such as Greece or Portugal to set aside extra money...

  • Inside Russia's decline: Friedman  Friday, 19 Dec 2014 | 8:17 AM ET

    Thomas L. Friedman, The New York Times, shares his thoughts on Russia's economic woes and the mounting pressure on Russian President Putin.

  • LONDON, Dec 19- Brent crude oil rose to around $60 a barrel on Friday, rallying from near a 5-1/ 2- year low as investors squared books ahead of the year-end festive break after six months of falling prices. Oil prices were on track for a fourth straight week of declines after OPEC members last month decided against cutting production despite a huge global overhang...

  • NEW YORK, Dec 19- It sounds like the usual setup for a knock-knock joke: Who is the best-selling author on all of Amazon.com this holiday season? Yet it's no laughing matter for Rob Teigen, a father of five in Grand Rapids, Michigan who, under the pen name Rob Elliott, currently owns the No. 1 and No. 2 spots on Amazon.com' s best-selling book list, outpacing such hits as "...

  • Sony hack adds to security pressure on companies Friday, 19 Dec 2014 | 6:14 AM ET

    The Sony attack, which U.S. officials blamed on North Korea, was unusual because it included threats of violence if the Hollywood studio released its movie "The Interview," a comedy that depicts the assassination of the North's leader. He said his company has received a growing number of requests from financial institutions and other businesses alarmed by...

  • MOSCOW/ LONDON, Dec 19- Russia pays hugely inflated prices for vital medical equipment made by Western companies, in part because some manufacturers channel sales through obscure intermediary companies, a Reuters examination has found. An analysis of 20,000 transactions dated between January 2006 and July 2013 found that international companies sold...

  • *European shares rise after sharp gains in Asia, United States. LONDON, Dec 19- Gold steadied on Friday, struggling to rise above the $1,200 an ounce mark as the dollar firmed and investor appetite for risk increased on expectations of rising U.S. interest rates. "Right now, the market is struggling to move away from $1,200... the fact that we made a move below $1,189 after...

  • *Asia shares buoyed as Wall St surges for second day. LONDON, Dec 19- World markets are ending their last full week of 2014 on a high, as Wall Street made its biggest two-day advance since late 2011 and European shares headed for their strongest week of the year. French IT services company Atos SE Xerox Corp's outsourcing arm.

  • LONDON, Dec 19- Brent crude oil rose above $60 a barrel on Friday, recovering from near a 5-1/ 2- year low as investors squared books ahead of the year-end festive break after six months of falling prices. Oil prices were on track for a fourth straight week of declines after OPEC members last month decided against cutting production despite a huge global overhang of...

  • It's law now: 'No Social Security for Nazis' Friday, 19 Dec 2014 | 3:21 AM ET

    WASHINGTON— President Barack Obama on Thursday capped a swift and forceful response to an Associated Press investigation by signing into law a measure that bars suspected Nazi war criminals from receiving U.S. The AP's investigation, which was the impetus for the No Social Security for Nazis Act, found that dozens of former Nazis collected millions of...

  • *Gold cuts weekly loss, other precious metals also firmer. SINGAPORE, Dec 19- Gold edged up above $1,200 an ounce on Friday as buyers helped the metal hold up against rising equity markets, paring losses fueled by worries over a looming hike in U.S. interest rates. A surge in gold prices to above $1,230 an ounce last week from around $1,140 a week earlier has spurred...

  • *Turkey assumed G20 presidency this month. They fear he is taking Turkey ever further from Western standards on rule of law and free speech. Supporters say he is returning Turkey to its former glory, restoring its Ottoman and Islamic heritage after nine decades of rule by a secular elite.

  • In the end, the deal survived only after Taser dropped Amazon.com Inc as the data storage provider for the year-long project. The fact that Amazon did not have a data center in Britain was a deal breaker for British officials, according to Taser. The case is an example of the challenges that Amazon faces as it works to expand its cloud computing business, known as...

  • US stocks inch higher after a big two-day rally Friday, 19 Dec 2014 | 12:07 AM ET

    Benchmark U.S. crude bounced up from recent lows, climbing $2.36 to settle at $56.52 a barrel in New York, as traders bet that a 6- month plunge in prices had gone too far. Nike's stock dropped $2.24, or 2 percent, to $94.84. The maker of athletic apparel posted results that beat Wall Street's forecasts late Thursday, but a drop in orders from Japan and developing...

  • SINGAPORE, Dec 19- Gold steadied below $1,200 an ounce on Friday and was set to end a two-week rally as the dollar gained on expectations that the U.S. * "Gold prices are currently capped by a stronger dollar and ongoing weak oil prices. Despite this, gold keeps challenging the $1,200/ oz level, " HSBC analysts said in a note.

  • Moving target: How China steel data masks scale of glut Thursday, 18 Dec 2014 | 4:00 PM ET

    SINGAPORE/ BEIJING, Dec 19- China appears to have been routinely underestimating output from its sprawling steel sector, with official figures for last year alone 40 million tonnes below a key industry estimate- an amount equivalent to Germany's entire annual production. "It is not satisfactory to have doubts about the accuracy of steel production statistics,...

  • *Brent, U.S. crude fall over $2 a barrel after Wednesday rally. Benchmark Brent and U.S. crude tumbled $2 a barrel each in late trading after initially extending Wednesday's short-covering, which lifted oil prices by more than $3. Some cited a Bloomberg report about a Nigerian port workers union suspending a strike, although workers in that dock union were only...