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U.S. crude oil futures rose more than 1 percent on Thursday spurred by refiners needing oil to meet robust distillate exports and as traders bought contracts to cover short positions. The sharp move in crude oil futures came on thin volume after the market rose to a key technical level, triggering stop losses and forcing traders...

The Fed said Wednesday it would cut the size of its monthly asset purchases to $75 billion a month, beginning in January. The central bank tempered its announcement by emphasizing that interest rates would remain low “well past” the time that the unemployment rate falls below its 6.5% threshold, further emphasizing the idea that tapering...

(Reuters) - Business sentiment among Asia's top companies dropped sharply in the fourth quarter, extending last quarter's declines, with global economic uncertainty and rising costs weighing on the region's firms, a Thomson Reuters/INSEAD survey showed. The Thomson Reuters/INSEAD Asia Business Sentiment Index fell to 62 in the fourth quarter from 66 in the third quarter of 2013, the...

(Reuters) - The U.S. dollar rose in Asia on Friday, having made a solid comeback overnight on upbeat retail sales data while the Australian dollar took a battering following more jawboning from the country's central bank chief. Not helping the common currency, data showed euro zone industrial output fell in October at...