ECONOMY & MARKETS

Brent Crude Oil Falls Below $100 on Recession Fears

Brent crude slipped below $110 on Wednesday as recession fears, partly rekindled by stalled Greek debt talks, weighed on the outlook for demand, while threats by Iran to respond to European sanctions by shutting a vital trade route supported prices.
The Toyota logo is shown on the front of a Prius Hybrid vehicle during the first press preview day for the North American International Auto Show in Detroit

Nikkei Hits 3-Month High as Toyota, Canon Post Gains

Japan's Nikkei average scaled a new three-month high on Wednesday, boosted by gains in exporters such as Toyota Motor and Canon as the yen weakened following data showing Tokyo posted its first annual trade deficit since 1980.
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Asian Stocks

Asian Shares Rise as Focus Turns from Greece to Fed

Asian shares rose on Wednesday, underpinned by strong earnings from U.S. technology giant Apple, stabilizing European money markets and falling eurozone debt yields, with investors shifting their focus from Europe to the U.S. Federal Reserve.
A Greek and an EU flag fly over the Greece's Finance Ministry in Athens

In Spite of Antics and Best Efforts, Greece Default Likely: UBS

The chief economist at Swiss banking giant UBS said Tuesday afternoon that Greece would likely default on its sovereign debt obligation, putting underwriters of insurance against such an event on the hook for billions of dollars in payments. He was only the latest market observer to say a default was imminent.
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Wall Street Lower on Greece, Threatening 5-Day Run

Stocks edged lower on Tuesday, with the S&P 500 pulling back from a five-day rally, as talks to resolve Greece's debt crisis hit a snag and a number of earnings from blue chips disappointed investors.
Boeing 787

Boeing Earnings Preview: Airplane 'Mix' Less Profitable

Boeing, the largest U.S. airplane and defense manufacturer, is projected to report lower fourth-quarter earnings because the mix of aircraft delivered was less profitable and the year-earlier quarter saw a favorable tax settlement.
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Nikkei Near 3-Month High

Japan's Nikkei average hit its highest level in nearly three months Tuesday on hopes that a Greek debt deal will still be reached even after European finance ministers rejected an offer by Greece's private creditors.
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Protests Intensify as Mortgage Settlement Nears

As state and federal officials near a deal with top banks to settle claims of foreclosure abuses, left-leaning activist groups have stepped up pressure on the officials to reach a deal that demands more from the banks.
The highest index on the DAX board is pictured at the Frankfurt stock exchange

European Stocks Hit Highest Level Since August

European stocks hit their highest close since early August on Monday, with euro zone banks gaining sharply following a report that France and Germany were calling for a relaxation of global bank capital rules to prevent a credit crunch.

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