1.Russian Economy Has Been Hit by Drop in Oil Prices, Putin:
Russian President Vladimir Putin said Russia’s economy has been hit by the drop in oil prices which had forced the government to reduce forecasts and review its strategy.
2.Beijing is probing summer stock rescuers:
Having already investigated investors and brokerages in connection with a bungled summer stock-market rescue totaling more than $200 billion, Beijing is now probing the rescuers.
3.Algeria to Upgrade 2016 Oil Output Offer Rights During Global Glut:
Algeria’s state oil producer Sonatrach Group plans to raise crude output by 5 percent next year and offer energy-exploration rights to foreign companies by the end of March, steps that may add barrels to a flooded global market.
4.German Business Confidence Falls as Risks Weigh on Economy:
German business confidence unexpectedly Falls in December in a sign that companies are anxious about the risks facing Europe’s largest economy.
5.Taiwan reduces Key Rate in Fed Defiance as Export Drop Deepens:
Taiwan reduces its policy rate for a second straight quarter, marking a divergence from the U.S., as a decline in exports reviews no signs of a recovery.
6.U.K Retails Sale For November is Enhanced By Black Friday:
U.K. retail sales rose more than analyst projected in November as Black Friday discounts enhanced department stores and sales of household goods.