Norway Fund Said Among Bidders for BlackRock Singapore Tower

Norway’s sovereign wealth fund is among bidders for BlackRock Inc.’s Asia Square Tower 1, an office building in Singapore’s central business district, according to people familiar with the matter.

China share slide: Pension fund to invest in stock market

China plans to let its main state pension fund invest in the stock market for the first time, the country's official news agency, Xinhua, has reported.

Treasuries Decline for 2nd Day Before $16 Billion Bond Auction

Treasuries headed for their first two-day decline in a week as investors prepared to bid for $16 billion of 30-year bonds, after demand tumbled at a 10-year note sale Wednesday.

Russia Seen Turning to Crisis Playbook to Prevent Ruble Rout

Russia’s central bank may pick up where it left off earlier this year to avert another run on the ruble.

Tsipras to Address Lawmakers After Stakes Raised in Showdown

Greek Prime Minister Alexis Tsipras is preparing to address lawmakers after raising the stakes in his country’s showdown with creditors by rejecting demands for more austerity and opting for a deferral of IMF payments.

China is hoarding cheap oil in a fleet of supertankers

As Middle East oil producers drive prices lower and make life difficult for the U.S. fracking industry, one clear winner is emerging: China The world's second-largest economy become the top oil importer in April. The key reason? China is taking advantage of cheap oil to boost its strategic reserves.

ECB President Draghi: European Stimulus Will Continue

WASHINGTON — European Central Bank chief Mario Draghi said the ECB's economic stimulus program is working but needs more time to bring European inflation back to healthier levels and restore consumer and business confidence.

Fed lifts stocks, dollar; euro tests 1999 starting point

(Reuters) - The dollar hit a nine-year high and stocks worldwide headed for their first back-to-back rise of the year on Thursday, bolstered by Federal Reserve confidence in the U.S. economy and hopes of aggressive new stimulus in Europe.

Capital spending softens, but consumer confidence rises

(Reuters) - Demand for U.S.-made capital goods recorded its biggest drop in eight months in September, a cautionary note for an economy that otherwise seems to be moving forward at a steady clip.

Consumerism booms as Cambodia embraces once-forbidden capitalism

(Reuters) - Chy Sila has come a long way since he invested his $500 life savings in a small shop in Cambodia's capital to sell bootleg music and pirated movies.

U.S. CBO forecasts 2039 public debt at 106 percent of GDP

(Reuters) - U.S. public debt remains on an unsustainable path and will reach 106 percent of economic output in 25 years versus about 74 percent currently, the Congressional Budget Office said on Tuesday, marking a slight increase from projections made last September.

China confident it has done enough to keep growth above 7 percent

(Reuters) - China has stepped up efforts to stop quarterly economic growth falling towards 7 percent and thinks it has been successful for now after preliminary signs that a rapid slowdown has been arrested, sources involved in policy discussions say.

Mozambique mulls sovereign wealth fund

Maputo (AFP) - Mineral-rich Mozambique is considering the establishment of a sovereign wealth fund, the country's finance minister said Thursday.

African spending spree faces punishment by markets

KIGALI (Reuters) - African economies are securing new funds through resource finds or dollar bonds but many governments face questions over how they use the money and risk being punished by international capital markets.

India shares at record high on exit polls

Indian stock markets have risen to a record high after exit polls suggested the Narendra Modi-led Bharatiya Janata Party (BJP) and its allies are on course to win the general election.

European banks to be stress-tested against two years of recession: source

(Reuters) - European banks will be tested on their ability to withstand a recession stretching through 2014 and the following year as part of a landmark review into whether they finally have enough capital to withstand economic shocks, a source familiar with the tests said on Friday.

Yuan Starts Direct Trading With Kiwi Dollar in Shanghai

China started direct trading between the yuan and New Zealand’s dollar today as the world’s second-largest economy promotes usage of its currency in global trade and finance.

Dubai to Pay 1% on $20 Billion Owed to Abu Dhabi, Regulator

Dubai, the Persian Gulf emirate whose near default in 2009 roiled global markets, signed an agreement with Abu Dhabi and the United Arab Emirates’ central bank to roll over $20 billion of debt for five years.

Fed set to ditch 'threshold' guidance under Yellen

(Reuters) - Janet Yellen's first policy-setting meeting as chair of the U.S. Federal Reserve will focus on how to finesse a rewriting of the central bank's promise to keep interest rates low without roiling financial markets.

US wholesale inventories rise in November, sales up

WASHINGTON: US wholesale inventories rose a bit more than expected in November, suggesting that restocking would probably contribute to economic growth in the fourth quarter.