China Places Cap on Local Government Debt

TODAY: Aug. 30, 2015 PUB DATE: Aug. 30, 2015

By Carlos Tejada BEIJING -- Chinese lawmakers have placed a 16-trillion-yuan ($2.5 trillion) cap on local government debt as Beijing looks for ways to address one of the major impediments to the world's second-largest economy. The Standing Committee of China's ...

Turkey's Central Bank Unveils Measures to Boost Liquidity

TODAY: Aug. 30, 2015 PUB DATE: Aug. 29, 2015

By Emre Peker ISTANBUL--Turkey's central bank on Saturday unveiled measures to bolster liquidity and help the country's commercial banks meet debt repayments, as Turkish policy makers take steps to counter the potential fallout from an anticipated U.S. Federal Reserve interest ...

Fed's Kocherlakota: Fed Should Consider Easing, Not Tightening

TODAY: Aug. 30, 2015 PUB DATE: Aug. 29, 2015

By Ben Leubsdorf JACKSON HOLE, Wyo.----The Federal Reserve shouldn't raise short-term interest rates this year and instead should consider easing monetary policy to bolster sluggish U.S. inflation, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Friday. "It's definitely premature ...

Google Rebuffs European Union on Antitrust Charges --2nd Update

TODAY: Aug. 30, 2015 PUB DATE: Aug. 28, 2015

By Sam Schechner and Natalia Drozdiak in Brussels and Alistair Barr in San Francisco Google Inc. on Thursday rebuffed a European Union demand that it change how its search engine functions, signaling a drawn-out legal battle in the continent's most ...

Bankers, Officials Urge Fed Not to Waver on Interest-Rate Rise

TODAY: Aug. 30, 2015 PUB DATE: Aug. 28, 2015

By Jon Hilsenrath JACKSON HOLE, Wyo.--After months of forewarning by Federal Reserve officials that they are preparing to raise short-term interest rates, some international officials attending the Fed's annual retreat here this week have a message: Get on with it ...

Asian Markets Ride Tide of Strong U.S. Growth

TODAY: Aug. 30, 2015 PUB DATE: Aug. 28, 2015

Asian markets rose Friday as renewed optimism about the U.S. economy and China's recent stock gains offset worries about global growth. The Shanghai Composite Index opened up 1.4%, adding to its 5.3% jump Thursday, its biggest percentage gain in more ...

China's Moves Won't Help U.S. Tech Firms

TODAY: Aug. 30, 2015 PUB DATE: Aug. 28, 2015

By Don Clark China's moves to spur its slowing economy and restore investor confidence are having an important but less obvious effect on the tech sector: Strengthening Chinese companies that were already making life difficult for U.S. rivals, many of ...

China Extends Two-Day Gains, but Weekly Losses Mount

TODAY: Aug. 30, 2015 PUB DATE: Aug. 28, 2015

By Chao Deng China's shares surged Friday amid suspected government buying, but the week's volatile trading still puts the index down nearly 8% in that time. In one wild week, China became the epicenter of a global selloff, with a ...

India's Economic Growth Likely Slowed Last Quarter, Economists Say

TODAY: Aug. 30, 2015 PUB DATE: Aug. 28, 2015

By Anant Vijay Kala NEW DELHI--India's economic growth likely slowed last quarter, weighed by weak farm production and sluggish manufacturing growth, a survey of economists shows. Gross domestic product in the three months ended June 30 likely rose 7.4% from ...

U.S. Consumer Spending Rose 0.3% in July

TODAY: Aug. 30, 2015 PUB DATE: Aug. 28, 2015

By Josh Mitchell And Kate Davidson WASHINGTON--U.S. households spent moderately in July amid a healthy rise in wages, suggesting the economy carried some momentum into the third quarter despite turbulence abroad. Personal spending, measuring how much Americans paid for everything ...