1.Calgary Spending Cuts In 2016 Deepens,Bloomberg:
Calgary, which boasted one of the lowest jobless rates in Canada as crude prices rose over $100 a barrel, The largest 23 Canadian producers are set to spend 11 percent less in 2016, a cut of about C$3.61 billion ($2.59 billion).
2.Commodity Producers enhances Europe’s Stock For The First Time In Almost A week:
European equities rose as miners and energy shares mobilized and hope grew for the prospects of global growth.
3.Asian Shares Bounce Back:
Shares Hong Kong and Australia made their best year-end push for gains yet, with the latter market up for the sixth straight day, as commodity prices stabilized.
4.Global Stocks Rally; Mining, Metals Shares Lead Gains:
Global stocks rallied Wednesday as rising commodities prices boosted major indexes on the last full trading day before the Christmas holiday.
5.US crude oil prices briefly moved into a premium over internationally traded Brent overnight, following an unexpected drop in American inventories and potential exports:
Front-month US West Texas Intermediate (WTI) crude futures were trading at $36.33 (£24.47) per barrel at 2.20 a.m. GMT (9.20 p.m. ET), with Brent at $36.29 (£24.44) per barrel.
6.Five of the world’s biggest investment banks paid no corporation tax in Britain last year despite making billions of pounds in profits:
According to an analysis of the banks’ corporate filings by Reuters, JP Morgan, Bank of America Merrill Lynch, Deutsche Bank AG, Nomura Holding and Morgan Stanley all said their main UK arms paid no corporation tax, The Independent reports.