Business News Headlines

Consumer confidence slides to nine-month low in December - GFK

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LONDON - British consumer morale edged down in December to reach its weakest level since March as optimism about the economy hit a 17-month low, a survey by polling company GfK showed on Friday.

UK 2:10am GMT

Asia stocks boast biggest rise in 15 months, BOJ brightens

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SYDNEY - Asian shares enjoyed their best day in 15 months on Friday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to withdraw stimulus from the U.S. economy.

FXpert 5:15am GMT

Brent steady below $60, heads for fourth weekly decline as oversupply persists

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SINGAPORE - Brent crude held below $60 (£38) a barrel near a 5-1/2-year low on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year.

FXpert, 4:20am GMT

China 2013 GDP revision won't affect growth this year

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BEIJING - China has revised up the estimated size of its economy for 2013 by 3.4 percent to 58.8 trillion yuan (£6 trillion), the National Bureau of Statistics said on Friday, but said the revision will not affect economic growth this year.

3:46am GMT

BOJ maintains massive stimulus, offers brighter view on economy

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TOKYO - The Bank of Japan maintained its massive monetary stimulus on Friday and offered a brighter view of the economy, clinging to hope that joint efforts with Prime Minister Shinzo Abe to revitalise the economy will prod companies into boosting wages and investment.

Japan 4:09am GMT

Thu, Dec 18 2014

BP faces heavy hit from former prized asset Rosneft

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LONDON - BP faces a first and heavy loss from its stake in Russia's Rosneft due to plummeting oil prices and a crumbling rouble, potentially forcing it to write down the value of its once-prized asset.

18 Dec 2014

Aer Lingus rejects takeover approach from British Airways owner

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LONDON/DUBLIN - Aer Lingus has rejected a takeover approach from the owner of British Airways , which is keen to gain control of the Irish airline's slots at London's Heathrow Airport.

Aerospace & Defence 18 Dec 2014

Royal Mail sale could have raised extra 180 million pounds - official report

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LONDON - The privatisation of Britain's Royal Mail could have raised an extra 180 million pounds, according to a government-commissioned report that largely endorsed the cautious approach by ministers in the 2-billion-pound sale.

UK 18 Dec 2014

JPMorgan report to outline improved controls-activist

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BOSTON - JPMorgan Chase & Co will soon issue a report outlining improved controls it has been enacting in the wake of recent missteps, including its role in the 2008 financial crisis, according to a shareholder activist who has seen a draft.

6:08am GMT

Brazil's Rousseff vows clean-up of scandal-tainted Petrobras

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SAO PAULO - Brazilian President Dilma Rousseff, dogged by a multibillion-dollar corruption scandal at state-run oil company Petrobras, vowed on Thursday to stamp out graft at the flagship firm and place it under strict corporate governance.

1:45am GMT