OPEC: Saudi Oil Minister Naimi: ‘Why should we cut production?’
Saudi Oil Minister Ali al-Naimi shrugged off suggestions that the world’s biggest crude exporter might cut production to halt tumbling prices, saying the Kingdom’s output had remained steady through last month. (Source: CNBC)
Korea: Bank of Korea holds rates steady, cut seen in early 2015
The Bank of Korea’s monetary policy committee held its base rate steady at 2.00 percent, as forecast by 30 out 31 analysts polled by Reuters. A majority of analysts expected a rate cut in early 2015. (Source: Reuters).
Australia: Australia Adds Most Jobs in 2 Years as More Seek Work: Economy
In Australia, the number of people employed reached the highest level since March 2012 as the central bank’s plan to spur growth with low interest rate bears fruit. However, the unemployment rate reached its highest level in 12 years as more people enter the labor force seeking work. (Source: Bloomberg)
Hong Kong: Hong Kong police dismantle tents in heart of protest camp
Lines of Hong Kong police on Thursday tore down tents as they closed in on the heart of a pro-democracy protest camp spread across a busy highway as part of a final push to retake streets occupied by activists for two and a half months. (Source: CTV)
India: Putin, Modi in push to revive jaded Russia-India relationship
Prime Minister Narendra Modi and President Vladimir Putin are holding talks in order to boost nuclear and defence cooperation at a summit aimed at reviving an old friendship that has faded over the years (Source: Reuters).