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Dec 26, 2014

RTTNews Forex Market Update - December 26, 2014.

Economic News
Automobile production in Japan declined for the fifth consecutive month in November, figures from the Japan Automobile Manufactures Association showed Friday. (Dec 26, 2014Full Article
Singapore industrial production declined unexpectedly in November, a monthly report from the Economic Development Board revealed Friday. (Dec 26, 2014Full Article
The Thai economy is expected to recover steadily but at a slower pace due to a weak outlook for both domestic and foreign demand, the Bank of Thailand said in its quarterly Monetary Policy Report releasedFriday. (Dec 26, 2014Full Article 
Russian authorities said on Thursday that the country's currency crisis was over, but its economic problems are yet to be resolved. The ruble has recovered sharply in response to the steps taken by Russian authorities to prevent further declines in the currency and to slow inflation. The currency slumped to record lows in the backdrop of falling oil prices. (Dec 26, 2014Full Article 
Thailand's merchandise exports declined for the first time in three months during November, official data showed Friday, and the central bank forecast weaker growth in shipments for coming months. Exports fell 1 percent year-on-year following a 4 percent gain in October, data from the Commerce Ministry revealed. Economists had forecast 3.95 percent increase. (Dec 26, 2014Full Article
Capacity utilization in the Turkish manufacturing sector rose slightly in December, while business confidence weakened for a third month, survey figures from the central bank showed Friday. The capacity utilization rate edged up to 74.6 percent from November, when it shed 0.4 points to reach 74.5 percent. (Dec 26, 2014Full Article 
Forex Top Story

Japan's consumer prices inflation slowed more than expected on lower oil prices in November and industrial production declined unexpectedly from the prior month, official data showed Friday. Consumer prices rose 2.4 percent year-over-year in November following the 2.9 percent growth in the previous month, figures from the Ministry of Internal Affairs and Communication said. (Dec 26, 2014Full Article 

RTTNews Morning Market Briefing - December 26, 2014.

Commentary
After ending Wednesday’s trading roughly flat following a late-day pullback, stocks are likely to move back to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 35 points. (Dec 26, 2014Full Article 
Economic News
Automobile production in Japan declined for the fifth consecutive month in November, figures from the Japan Automobile Manufactures Association showed Friday. (Dec 26, 2014Full Article
Japan's consumer prices inflation slowed more than expected on lower oil prices in November and industrial production declined unexpectedly from the prior month, official data showed Friday. Consumer prices rose 2.4 percent year-over-year in November following the 2.9 percent growth in the previous month, figures from the Ministry of Internal Affairs and Communication said. (Dec 26, 2014Full Article 
The Thai economy is expected to recover steadily but at a slower pace due to a weak outlook for both domestic and foreign demand, the Bank of Thailand said in its quarterly Monetary Policy Report releasedFriday. (Dec 26, 2014Full Article 
Russian authorities said on Thursday that the country's currency crisis was over, but its economic problems are yet to be resolved. The ruble has recovered sharply in response to the steps taken by Russian authorities to prevent further declines in the currency and to slow inflation. The currency slumped to record lows in the backdrop of falling oil prices. (Dec 26, 2014Full Article 

Thailand's merchandise exports declined for the first time in three months during November, official data showed Friday, and the central bank forecast weaker growth in shipments for coming months. Exports fell 1 percent year-on-year following a 4 percent gain in October, data from the Commerce Ministry revealed. Economists had forecast 3.95 percent increase. (Dec 26, 2014Full Article 

Reuters Deals Today - December 26, 2014: Japan Post: IPO to include separate listings of bank, insurance units.

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Japan Post: IPO to include separate listings of bank, insurance units
TOKYO (Reuters) - Government-owned Japan Post Holdings Co Ltd [IPO-JAPP.T] said it plans to list in the second half of the next business year and its bank and insurance units will go public at the same time, in what could be the biggest IPO of Japanese state enterprises in two decades.
China's Dalian Wanda buys control of China online payments firm
BEIJING (Reuters) - China's Dalian Wanda Group Co, whose real estate arm just raised about $3.7 billion in a Hong Kong share sale, said on Friday it has bought a controlling stake in 99Bill Corp, a Chinese third-party payment processor similar to PayPal.
Citi agrees to sell Japan retail banking to SMBC
TOKYO (Reuters) - Citigroup Inc has agreed to sell its Japanese retail banking operations to Sumitomo Mitsui Banking Corp (SMBC), as the U.S. bank retreats from unprofitable businesses around the world.
JPMorgan fund in talks on taking $200 million stake in India's SpiceJet: paper
MUMBAI (Reuters) - A fund managed by JPMorgan Chase is in advanced talks to partner with Indian carrier SpiceJet Ltd's co-founder for a planned $200 million investment into the cash-strapped airline, the Economic Times reported on Thursday, citing unnamed sources with knowledge of the discussions.
Kellogg and Abraaj up bids in battle for Egypt's Bisco Misr
CAIRO (Reuters) - Kellogg Co , the world's largest breakfast cereal maker, once again raised its bid for Egyptian snackmaker Bisco Misr on Wednesday, topping a rival offer from the UAE's Abraaj in an intensifying $144 million takeover battle.
Smith & Nephew outperforms sluggish European markets
LONDON (Reuters) - Bid speculation drove up the shares of medical devices maker Smith & Nephew on Wednesday, allowing it to outpace sluggish European stock markets in a shortened session ahead of the Christmas break.
Sysco, US Foods must narrow gap with rival to clear merger -analysts
WASHINGTON (Reuters) - The proposed merger of Sysco Corp and US Foods Inc [USFOO.UL] hinges on the top two U.S. food companies helping to turn a far smaller rival into a national player to ease antitrust concerns, but the gap may be too big, analysts said.
Stryker planning takeover offer for Smith & Nephew: Bloomberg
(Reuters) - U.S. surgical implant maker Stryker Corp is planning a takeover offer for British medical device maker Smith & Nephew that may come within weeks, Bloomberg reported, citing people familiar with the matter.
Dealmakers turn their sights to U.S. billboards
NEW YORK (Reuters) - Billboards, which trace their roots to ancient Egypt, are set to generate a boom in U.S. deal activity as the biggest operators seek to expand in regional markets, investment banking sources said.
Aspen, Cipla win share of $860 million South Africa AIDS drug tender
JOHANNESBURG (Reuters) - South Africa will spend 10 billion rand ($860 million) between 2015 and 2017 on life-prolonging HIV/AIDS treatment drugs, health authorities said on Wednesday, as studies show the prevalence of the virus is rising.