Brazilian industrial output took an unexpected step backward in November as production of durable goods declined sharply, further damping hopes of a recovery in the long-beleaguered sector.
Industry
China's shipyards brace for leaner times as oil slump sours rig building spree
For China's shipyards, the oil rig market that was supposed to be a blessing is in danger of becoming a curse. As crude prices slide, oil producers are slashing new project spending.
Gasoline dampens U.S. inflation; mid-year rate hike in doubt
U.S. consumer prices recorded their biggest drop in six years in December and a gauge of underlying inflation was flat, which could make the Federal Reserve more cautious about raising interest rates.
Cheaper oil tames U.S. producer inflation; jobless claims up
U.S. producer prices in December recorded their biggest fall in more than three years on tumbling energy costs while underlying inflation pressures were tame, a cautionary note for the Federal Reserve as it ponders its next step on monetary policy.
China's Dalian Wanda says four investors to put $3.9 billion into 20 new malls
China's Dalian Wanda Commercial Properties Co Ltd on Wednesday said four investors have agreed to contribute 24 billion yuan ($3.87 billion) over the coming two years as the first tranche of funding to build around 20 shopping malls.
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U.S. job growth increased briskly in December, but wages posted their biggest decline in at least eight years in a sign the tightening labor market has yet to give much of a boost to workers.
Investors hope the lower gasoline cost is putting more money in consumers' wallets for spending on apparel and other retail goods. The next two weeks will indicate whether that's happening.
Starbucks Corp on Thursday said Chief Operating Officer Troy Alstead, who as finance chief helped lead the coffee chain's extensive restructuring a few years ago, is taking an extended unpaid leave to spend more time with his family.
China's annual consumer inflation hovered at a near five-year low of 1.5 percent in December, signaling persistent weakness in the economy but giving policymakers more room to ease policy to support growth.
The number of Americans filing new claims for unemployment benefits fell last week and job cuts declined sharply in December, suggesting the labor market is tightening.
U.S. retail store sales fell 8 percent during the 2014 holiday season despite a late shopping surge, but overall holiday sales should show a 3.5 to 4 percent rise from a year ago because of stronger online buying, analytics company Retail Next said on Wednesday.
The preparations for the 2020 Olympics in Japan are in full swing. Five years before the global sports event takes place in Tokyo, Japanese authorities are allegedly busy getting ready for the big event that'll showcase the best that the capital has to offer.
McDonald's Japan (2702.T) has apologized to customers and vowed to ensure product safety after objects including a tooth and plastic were found recently in its food, the latest trouble for a fast-food chain hit by sliding sales and a shortage of french fries.
Germany's unemployment rate dropped to a record low of 6.5 percent in December while Italy's pushed up to a new high of 13.4 percent, underscoring the vast differences within the struggling euro zone economy.
