Tue12062016

LAST_UPDATETue, 06 Dec 2016 5pm

Oil Dips As OPEC Joins Russia In Upping Output Ahead Of Production Cut

Oil prices eased on Tuesday as crude output rose in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that a fuel glut that has dogged markets for over two years might last well into 2017.

Read more: Oil Dips As OPEC Joins Russia In Upping Output Ahead Of Production Cut

Softer Rate Outlook Does Not Justify Easier Mortgage Rules: Bank Of England

Reduced market expectations of a big rise in interest rates do not mean the Bank of England should loosen rules designed to stop mortgage borrowers getting into difficulty, central bank regulators have agreed.

Read more: Softer Rate Outlook Does Not Justify Easier Mortgage Rules: Bank Of England

BNM Measures Will Strengthen The Ringgit - PM Najib

Pic: ReutersISKANDAR PUTERI: Bank Negara Malaysia's new measures to enhance the liquidity of the foreign exchange market, which came into effect on Dec 5, will strengthen the ringgit, says Prime Minister Datuk Seri Najib Tun Razak.

Read more: BNM Measures Will Strengthen The Ringgit - PM Najib

Exclusive: Mcdonald's To Keep Minority Stake In China, Hong Kong Stores - Source

McDonald's Corp is looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep "a significant minority stake in the business," a person with direct knowledge of the plans said on Tuesday.

Read more: Exclusive: Mcdonald's To Keep Minority Stake In China, Hong Kong Stores - Source

Daimler May Make Electric Cars In China To Boost Sales

Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo

Daimler may make batteries and Mercedes-Benz electric cars in China as part of a drive to manufacture more products locally and to try to boost sales, according to board member Hubertus Troska.

Read more: Daimler May Make Electric Cars In China To Boost Sales

Asian Stocks Post Biggest Daily Gain In Two Weeks

A panel displays global stock indexes at the Hong Kong Exchanges in Hong Kong, China December 5, 2016. REUTERS/Bobby Yip - RTSUNJO

Asian stocks posted their biggest rise in two weeks on Tuesday and the euro steadied as investors judged the selloff after Italy's referendum to be overdone, with robust U.S. economic data also helping sentiment.

Read more: Asian Stocks Post Biggest Daily Gain In Two Weeks

UK's Financial Watchdog Tightens Rules For Spread Betting Products

Britain's financial watchdog proposed tougher rules for retail financial spread betting products known as 'contracts for difference' (CFD) after finding that 82 percent of customers using them lost money.

Read more: UK's Financial Watchdog Tightens Rules For Spread Betting Products

Russia Economy To Grow In First Quarter, Inflation On Track: Central Bank's Yudayeva

Russia's economy is recovering and will return to growth in the first quarter of 2017, the central bank's first deputy governor Ksenia Yudayeva said on Tuesday, adding the bank was confident of hitting its inflation target next year.

Read more: Russia Economy To Grow In First Quarter, Inflation On Track: Central Bank's Yudayeva

Korea Corporate Chiefs Deny Seeking Favors For Donations

South Korean corporate chiefs told a parliamentary panel on Tuesday that they were not seeking favors when they made contributions to two foundations at the heart of a scandal that appears poised to bring down President Park Geun-hye.

Read more: Korea Corporate Chiefs Deny Seeking Favors For Donations

Nissan's Infiniti Sales On Track For Record Year

Pic: ReutersBEIJING: Nissan Motor Co Ltd's premium Infiniti brand will likely end 2016 with record sales well beyond the 215,000 vehicles it sold worldwide last year, the Japanese brand's global chief told Reuters.

Read more: Nissan's Infiniti Sales On Track For Record Year