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Updated: 41 min 5 sec ago

Asia wilts after OPEC refrains from cuts

2 hours 21 min ago
TOKYO (Reuters) - Oil prices seized the Asian spotlight on Friday, as related shares and currencies plunged in the wake of OPEC's decision to refrain from cutting output despite a supply glut.

Poor performance catching up with active stock fund managers

3 hours 20 min ago
BOSTON (Reuters) - Stock-picking fund managers are testing their investors’ patience with some of the worst investment returns in decades.

Fukushima workers still in murky labor contracts: Tepco survey

3 hours 30 min ago
TOKYO (Reuters) - The number of workers at Japan's Fukushima nuclear plant on false contracts has increased in the last year, the station operator said, highlighting murky labor conditions at the site despite a pledge to improve the work environment.

Toyota recalls more cars for dangerous Takata air bags

4 hours 13 min ago
TOKYO (Reuters) - Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained.

UK retailers embrace 'Black Friday' discounts

Thu, 11/27/2014 - 22:21
LONDON (Reuters) - Britain's high streets, malls and online sites were awash with discounts on Friday as more retailers than ever embraced U.S.-style "Black Friday" promotions, seeking to kickstart trading in the key Christmas period.

Kinder Morgan loses bid to extend injunction against Canada protesters

Thu, 11/27/2014 - 22:17
VANCOUVER (Reuters) - Kinder Morgan Energy Partners LP said on Thursday that it would clear its equipment and crews off a mountain in the Vancouver suburb of Burnaby by month-end, after it lost a bid to extend an injunction keeping protesters away from the site.

Saudis block OPEC output cut, sending oil price plunging

Thu, 11/27/2014 - 20:09
VIENNA (Reuters) - Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low.

GlaxoSmithKline fires executive who raised race complaint in South Africa: Bloomberg

Thu, 11/27/2014 - 20:06
(Reuters) - Britain's biggest drugmaker, GlaxoSmithKline Plc, fired an executive from its South African unit for refusing to appear for a performance review, which was called a week after he complained of racial discrimination in the workplace, Bloomberg reported, citing company documents.

Saudis block OPEC output cut, sending oil price plunging

Thu, 11/27/2014 - 16:53
VIENNA (Reuters) - Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low.

EU lawmakers urge regulators to break up Google

Thu, 11/27/2014 - 16:06
BRUSSELS (Reuters) - European Union lawmakers overwhelmingly backed a motion on Thursday urging anti-trust regulators to break up Google, the latest setback for the world's most popular Internet search engine.

Airbus could shed full Dassault stake by end of 2015: sources

Thu, 11/27/2014 - 14:05
PARIS (Reuters) - Airbus Group and Dassault Aviation aim to oversee the complete sale of Airbus's 4.8 billion-euro stake in the French planemaker by the end of next year, two people familiar with the matter said.

Honda says defective Takata air bags in 2002 used different design

Thu, 11/27/2014 - 13:44
DETROIT (Reuters) - Honda Motor Co said it was aware of a ruptured Takata air bag inflator in a car that was covered by a 2002 recall but the inflator design was different from one that ruptured in a 2004 accident.

WTO clinches first global trade deal in its history

Thu, 11/27/2014 - 13:25
GENEVA (Reuters) - The World Trade Organization adopted the first worldwide trade reform in its history on Thursday, after years of stalemate, months of deadlock and a final day's delay following an eleventh-hour objection.

Oil slumps to four-year low as OPEC shuns output cut

Thu, 11/27/2014 - 12:46
LONDON (Reuters) - Oil hit four-year lows around $70 a barrel on Thursday and commodity currencies were sent tumbling, as OPEC resisted the temptation to cut back production following the more than 30 percent plunge in prices since June.

ECB's Draghi warns countries to reform as clouds gather over euro zone

Thu, 11/27/2014 - 12:18
HELSINKI/ MADRID (Reuters) - Failure to reform and shield weaker members threatens to divide the euro zone, the head of the European Central Bank warned on Thursday, amid fresh signs the currency bloc's economy is losing speed.

Low food inflation tightens squeeze on Europe's grocers

Thu, 11/27/2014 - 12:10
BERLIN/LONDON (Reuters) - Subdued food price inflation in Europe is unlikely to pick up any time soon, adding to the pressure on mainstream grocers as they struggle with changing shopping habits and competition from discounters.

EU's Juncker survives no-confidence vote over tax deals

Thu, 11/27/2014 - 09:32
BRUSSELS (Reuters) - The European Commission's new president, Jean-Claude Juncker, comfortably survived a no-confidence vote on Thursday brought over news that Luxembourg had lured multinational businesses with super low tax rates during his period as prime minister.

Exclusive: France, Italy, Belgium may break budget rules, EU to revisit in March

Thu, 11/27/2014 - 08:55
BRUSSELS (Reuters) - The European Commission will tell France, Italy and Belgium on Friday their 2015 budgets risk breaking EU rules, but it will defer decisions on any action until early March.

Euro zone economic sentiment rises slightly in November

Thu, 11/27/2014 - 06:38
BRUSSELS (Reuters) - Morale in the euro zone rose for the second straight month in November as a pick-up in industry sentiment just outweighed increased pessimism among consumers, offering a tentative sign that the bloc is avoiding outright stagnation.

China's official PMI seen edging down to 50.6 in November

Thu, 11/27/2014 - 06:26
BEIJING (Reuters) - Growth in China's manufacturing sector likely slowed slightly in November as demand remained sluggish, a Reuters poll showed.