Business Blog

* Negative euro zone inflation spurs bets on ECB bond buying* S&P 500 snaps longest losing streak in 13 months* Brent oil steadies after falling below $50 a barrel* Euro at 9-year low, some euro zone yields hit record lows(Updates market action, adds new quote)By Richard LeongNEW YORK, Jan 7 (Reuters) - U.S. and European stock prices rose on Wednesday on hopes the European Central Bank would embar

Do households feel the benefit of a falling oil price?

New UK car sales hit a 10-year high in 2014, boosted by confidence in the economic recovery, the Society of Motor Manufacturers and Traders has said.

The world's largest container ship, measuring more than four football pitches long, arrives in the UK for the first time - carrying 19,000 standard containers.

* Euro zone inflation turns negative* Brent oil breaks below $50* Euro falls to 9-year lowBy Jamie McGeeverLONDON, Jan 7 (Reuters) - The euro hit a nine-year trough and bond yields in several euro zone countries reached record lows on Wednesday, as tumbling oil prices tipped inflation into negative territory for the first time since 2009, raising the prospect of outright deflation.Euro zone annual

Gulf stock markets stabilised and some posted slight gains on Wednesday after suffering losses because of oil's renewed weakness earlier this week.