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U.S. markets news

Fed seen remaining patient with rate guidance amid global turmoil
WASHINGTON (Reuters) - The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S.
Fed likely to continue to signal mid-2015 rate hike  USA TODAY
Oil prices down ahead of Fed meet outcome, supply report  Economic Times
President Seeks Oil Exploration Off East Coast
WASHINGTON - The Obama administration moved Tuesday to open up a vast stretch of East Coast waters to oil and gas drilling, a decision that could have a profound impact on the economic and environmental future of states from Virginia to Georgia.
Long Road Ahead For Oil Drilling Off-Shore North Carolina  WFAE
Why Obama's Drilling Plan Ignores America's Changing Energy Role  Forbes
Singapore Joins Global Monetary Easing, Spurs Dollar Drop
(Bloomberg) -- Singapore's central bank unexpectedly eased monetary policy, sending the currency to the weakest since 2010 as the country joined global policy makers in shoring up growth amid dwindling inflation.
EM ASIA FX-Singapore dlr drives Asia FX lower as MAS move may fan regional ...  Reuters
Dollar Higher Against Yen Ahead of FOMC  Nasdaq
US stocks drop as Microsoft to Caterpillar results disappoint
NEW YORK -- U.S. stocks tumbled Tuesday, with the Nasdaq 100 index falling the most since April, as a drop in durable-goods orders and disappointing results from Caterpillar to Microsoft, heightened concern about the economy's strength.
Stock Swings Unsettle Investors  Wall Street Journal
India Morning Call-Global Markets  Reuters
US consumer confidence jumps to 7 �-year high in January
Customers shop in December at Nordstrom Rack in Schaumburg. Lower gas prices has people spending more, helping to spike the consumer confidence index.
Consumers are giddy; businesses, not so much  USA TODAY
Consumer Confidence in US Rises More Than Forecast on Jobs  Bloomberg
Yahoo's Mayer saves her job with Alibaba spin
Marissa Mayer likely extended her life as Yahoo's CEO by spinning off the company's stake in Alibaba. The next challenge will be acting fast enough to fix the company's core business.
Will Yahoo's Spin of Its Alibaba Stake Satisfy Starboard?  Wall Street Journal
Alibaba spinoff likely to increase scrutiny on Yahoo CEO
FTC Clears Safeway-Albertsons Merger
WASHINGTON�WASHINGTON�The U.S. Federal Trade Commission on Tuesday cleared the merger of supermarket operators Safeway Inc. and Albertsons after the companies agreed to sell 168 stores to address the commission's competition concerns.
FTC clears Albertsons' purchase of Safeway  Lexington Herald Leader
Yuan Overtakes Canadian Dollar to Rank Fifth for Global Payments
China's yuan overtook the Canadian dollar to become the fifth most-used currency for global payments in December, according to Society for Worldwide Financial Telecommunications.
Renminbi joins top five most-used currencies  Financial Times
China's Yuan Among Top 5 Most Used Currencies In The World  International Business Times
Uber scraps commissions from drivers for its taxis in Delhi
Uber will not take any commission from its drivers in the national capital until uncertainty over how it can operate in the city is cleared up, the US-based online taxi-hailing company said on Tuesday.
Uber scraps commissions for its New Delhi taxis  The Star Online
Uber adopts Pooch-O model, scraps commission for taxis  Hindustan Times
Stocks plunge on large firms' weak earnings
Specialist Paul Cosentino, foreground center, works at the post that handles Cliffs Natural Resources, on the floor of the New York Stock Exchange Tuesday, Jan. 27, 2015.
Wall Street back to 'business as usual' as storm wanes  Reuters
About 100 cold-stunned sea turtles to be returned to Gulf  KYTX