MOSCOW— Russian President Vladimir Putin has scrapped New Year's holidays for government ministers because of the unfolding economic crisis. Russian company employees throughout the country are entitled to holiday from Jan. 1 to Jan. 12 when Russians celebrate the New Year, the main holiday in Russia, as well as Orthodox Christmas on Jan. 7.» Read More
MEXICO CITY, July 9- Mexican telecoms company America Movil plans to divest assets as quickly as possible to escape tougher regulation, and it hopes to sell to a single buyer, spokesman Arturo Elias said on Wednesday.
*Russia faces threat of more sanctions. MOSCOW, July 9- Russia's economy is stagnating as data showed on Wednesday that capital worth $75 billion has left the country so far this year following sanctions on Moscow over its involvement in Ukraine.
US DOLLAR WEAKENS AGAINST EURO TO $1.3630, FALLS AGAINST YEN TO 101.64 YEN.
NEW YORK, July 9- Bookstore chain Barnes& Noble Inc has pledged to make its stores friendly to nursing mothers as part of a settlement with New York State after a woman who was breastfeeding was asked to cover herself or leave one of its locations.
July 9- Netflix Inc has acquired the exclusive U.S. video-on-demand rights for CBS Corp's drama "Zoo", set to release next summer. The full season will be available to Netflix members in the Unites States immediately after its broadcast on CBS Television Network, the companies said in a joint statement on Wednesday.
NEW YORK, July 9- U.S. stocks pared gains slightly following the release of minutes from the last Federal Reserve meeting, which said the central bank has begun detailing how it plans to ease the U.S. economy out of its easy monetary policy period.
US DOLLAR REVERSES EARLIER GAINS AGAINST EURO AND YEN TO TRADE LITTLE CHANGED AFTER FED MINUTES.
WASHINGTON, July 9- The Federal Reserve has begun detailing how it plans to ease the U.S. economy out of an era of loose monetary policy, appearing near agreement on a three-pronged strategy to manage interest rates in the future, according to minutes of the last Fed policy meeting.
US DOLLAR GAINS AGAINST EURO AND YEN AFTER FED MINUTES.
FED STAFF CONTINUES TO FORECAST INFLATION REMAINING BELOW 2 PCT OBJECTIVE OVER NEXT FEW YEARS- MINUTES.
SOME PARTICIPANTS CONCERNED THAT PERSISTENT LOW INFLATION IN EUROPE AND JAPAN COULD ERODE INFLATION EXPECTATIONS- MINUTES.
MANY PARTICIPANTS WANT TO END PORTFOLIO REINVESTMENTS AT OR AFTER FIRST RATE RISE- MINUTES.
INDUSTRIES SHOWING STRONG GROWTH WERE TRANSPORT, ENERGY, TELECOM AND MANUFACTURING, PARTICULARLY MOTOR VEHICLES- MINUTES.
MOST PARTICIPANTS SEE CONTINUING ROLE FOR FED FUNDS RATE; MANY BACK CONTINUING A TARGET RANGE- MINUTES.
PARTICIPANTS EXAMINED WAYS TO CHANGE CALCULATION OF FED FUNDS EFFECTIVE RATE IN INTEREST RATE-HIKE CYCLE- MINUTES.
FEDERAL RESERVE OFFICIALS GENERALLY AGREE DUAL USE OF INTEREST ON EXCESS RESERVES, REVERSE REPO FACILITY IN NORMALIZING POLICY- FOMC MINUTES.
MANY PARTICIPANTS BACKED MAINTAINING WIDE SPREAD, PERHAPS 20 BASIS POINTS, BETWEEN IOER AND REVERSE REPO RATES- MINUTES.
FOMC MAY END BOND BUYING PROGRAM FOLLOWING OCTOBER MEETING IF CERTAIN ECONOMIC CONDITIONS REMAIN POSITIVE- MINUTES.
July 9- Container Store Group Inc's shares fell as much as 15 percent after the maker of Elfa shelving systems reported a bigger-than-expected quarterly loss and cut its full-year forecast, hit by weak consumer spending and its decision not to offer more discounts.
UNITED NATIONS, July 9- North Korea has complained to the United Nations about a film starring Seth Rogen and James Franco, accusing the United States of sponsoring terrorism and committing an act of war by allowing production of a movie about a plot to kill its leader, Kim Jong Un.