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Global stock markets down... Female CFOs outpace men in pay... Ukraine announces default



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SEOUL, South Korea (AP) — Global stock markets are lower as a persistent drop in the price of oil weighed on investor sentiment, eroding gains sparked the day before by the Fed's first rate hike in nearly a decade. Futures show that Wall Street is likely to extend losses from the previous session.

UNDATED (AP) — Women may be badly outnumbered in the top ranks of corporate America, but at least they aren't underpaid. Compensation for female CFOs at S&P 500 companies last year outpaced that of their male counterparts, according to an analysis by executive compensation firm Equilar and the Associated Press.

MOSCOW (AP) — Ukrainian Prime Minister Arseniy Yatsenyuk (ahr-SEHN'-ee yaht-sehn-YOOK') says his country won't repay a $3 billion debt owed to Russia by this weekend. Yatsenyuk announced a "moratorium" on any debt repayments to Russia. That effectively means that Ukraine is defaulting on the debt.

STOCKHOLM (AP) — The International Energy Agency says global demand for coal, the biggest source of man-made carbon emissions, stalled last year for the first time since the 1990s. The Paris-based IEA cited declining appetite for coal in China, the world's biggest coal consumer.

THE HAGUE, Netherlands (AP) — An appeals court has ruled that Dutch judges have jurisdiction in a case between a group of Nigerian farmers and oil multinational Shell. At issue is pollution of the farmers' land and water they blame on leaking oil pipes.

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The Associated Press

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