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Oil up 1 percent as support emerges before 11-year low

Brent and U.S. crude's West Texas Intermediate (WTI) futures rose for a second straight day on short covering, after being unable to break below a seven-year trough. “We are seeing nothing unusual about this week's price bounce given the fact that the entire complex had become much oversold based on virtually all of our technical indicators,” Jim Ritterbusch of Chicago-based oil consultancy Ritterbusch & Associates said in a note. “Focus…

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Oil up 1 percent as support emerges before 11-year low

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Qualcomm decides against breakup, says current structure best

Qualcomm Inc has decided not to split into separate chipmaking and technology licensing businesses, concluding a six-month strategic review instigated by hedge fund Jana Partners. San Diego-based Qualcomm, the biggest maker of chips used in mobile phones, said on Tuesday its current structure offered unique strategic benefits that cannot be replicated. Qualcomm, whose earnings have slumped by more than 40 percent in each of the last

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Qualcomm decides against breakup, says current structure best

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Janet Yellen: An orthodox economist for unorthodox times

By Jason Lange WASHINGTON (Reuters) – Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and …

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Janet Yellen: An orthodox economist for unorthodox times

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U.S. consumers loosen purse strings as holidays start

U.S. consumers showed some muscle in November at the start of the holiday shopping season, suggesting enough momentum in the economy for the Federal Reserve to raise interest rates next week for the first time in nearly a decade. The outlook for consumer spending, which accounts for more than two-thirds of economic activity, got a lift from other data …

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U.S. consumers loosen purse strings as holidays start

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China economy shows signs of steadying, more policy support needed

China's activity data was stronger than expected in November, with factory output growth picking up to a five-month high, signaling that a flurry of stimulus measures from Beijing may have put a floor under a fragile economy. “Real …

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China economy shows signs of steadying, more policy support needed

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The Fed Awakens

Barring a shock, the Federal Reserve will raise U.S. interest rates on Wednesday for the first time since June 2006, a full year before the global financial crisis began. Data releases will meanwhile give clues to the robustness of other economies, some of which are seen as vulnerable to

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The Fed Awakens