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(MENAFN - AFP) The ruble lost another 1.5 percent of its value on Friday morning as it extended a record slide after the OPEC oil cartel's decision to leave its output ceiling unchanged.

The beleaguered Russian currency was down 1.55 percent and trading at 49.33 rubles to the dollar 45 minutes after trading opened on the Moscow Exchange.

The ruble shed 1.42 percent ...

 
(MENAFN - AFP) German retail sales, a closely watched measure of household confidence, rebounded in October, following a sharp drop the previous month, official data showed on Friday.

German retailers' sales rose by 1.9 percent in October compared with September, the federal statistics office Destatis said in a statement.

In September, retail sales had slumped by 2.8 ...

 
(MENAFN - AFP) E.ON, Germany's biggest power supplier, said Friday it has agreed to sell two US wind farms to Canadian group Enbridge.

E.ON "has agreed to sell an 80-percent interest in a portfolio of two wind farms in the US to Enbridge," the German group said in a statement.

The two wind farms -- the 203 megawatt (MW) Magic Valley 1 wind farm near Harligen, Texas ...

 
(MENAFN - AFP) Shares in energy firms tumbled Friday after oil prices hit four-year lows in reaction to OPEC's decision to ignore calls for an output cut, although the prospect of cheaper fuel sent airlines surging.

Sydney's ASX/S&P 200, the home of commodity giants such as BHP Billiton, Woodside and Santos, was the stand-out loser, although Asian stock markets were mixed ...

 
(MENAFN - AFP) India pledged a slew of regional investments at a South Asian summit this week, seeking to counter China's growing economic inroads into its backyard as it remains embroiled in bitter rivalry with Pakistan.

Indian Prime Minister Narendra Modi said South Asia's largest economy would fund regional infrastructure, health facilities and even a communications satellite, ...

 
(MENAFN - AFP) The traditionalists don't like it, but the "Black Friday" shopping frenzy is as much a part of the Thanksgiving holiday in the United States as turkey and pumpkin pie.

And it's only Thursday.

Americans will spend tens of billions of dollars over the four-day holiday and there was certainly no messing about at Leesburg Corner, a Virginia outlet center ...

 
(MENAFN - AFP) Japan released a string of lacklustre economic data Friday with inflation hitting its lowest level for more than a year, dealing another blow to Tokyo's attempts to conquer years of falling prices and tepid growth.

The figures come after Prime Minister Shinzo Abe called a snap election and delayed a sales tax hike set for next year after a previous levy increase ...

 
(MENAFN - AFP) Asian markets mostly fell Friday, with energy firms taking a dive as oil sat at four-year lows after the OPEC cartel ignored calls to cut production in response to plunging prices and a supply glut.

Sydney's ASX/S&P 200, the home of energy giants such as BHP Billiton, Woodside and Santos, took a huge hit as investors fled to the sidelines, although regional ...

 
(MENAFN - AFP) Australian energy firms were hit hard Friday by the OPEC cartel's decision against cutting production, with stocks tumbling across the board as oil prices hit four-year lows.

Oil and gas stocks were among the biggest losers on Australia benchmark S&P/ASX200 index as the energy sector shed 6.76 percent by early afternoon.

Santos, one of the country's ...

 
(MENAFN - AFP) Italy suspended the use of a flu vaccine made by Swiss pharmaceuticals giant Novartis on Thursday amid fears it may have caused three deaths.

The Italian Pharmaceutical Agency (AIFA) banned the use of two batches of the Fluad vaccine after three people who had received it died and a fourth was taken seriously ill.

The victims were two women aged 87 and ...

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