German Consumer Confidence Expected to Decline in September

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Todd Buell FRANKFURT--German consumer confidence is expected to decline in September as international upheaval weighs on sentiment, a survey showed Wednesday, casting doubt on hopes that domestic consumption will offset export weakness in Europe's largest economy. The monthly GfK ...

New Zealand's July Food Price Index Falls as Meat Prices Drop

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Lucy Craymer WELLINGTON, New Zealand--New Zealand's food price index fell 0.7% on the month in July and was 0.1% lower on the year, Statistics New Zealand said Wednesday. "There were lower prices for meat in July as well as ...

U.S. Mortgage Application Volume Up

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

The average number of mortgage applications for the week ended Friday rose 2.8% from the week earlier, according to the Mortgage Bankers Association weekly survey. The purchase index rose 1% unadjusted from the previous week and was 11% lower than ...

Seadrill Sees Challenging Rig Market Through 2015

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Kjetil Malkenes Hovland Seadrill Ltd. (SDRL) expects the oil-rig market to remain challenging through 2015, but it sees big potential in Russia, the Oslo-listed oil services company said Wednesday, as it reported a fall in second-quarter net profit. "2014 ...

Oil Futures Rangebound Ahead U.S. Stocks Data

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Eric Yep Crude-oil futures traded in a narrow price range in Asian trade Wednesday, with the U.S. benchmark largely unchanged while Brent crude recouped overnight losses. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

European Stocks Pause on Weak Economic Data and ECB Stimulus Hint

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Tommy Stubbington European stocks paused from a two-day rally Wednesday, while euro-zone bonds continued to climb, as investors continued to weigh weak economic data against hopes the European Central Bank will introduce new stimulus measures. The Stoxx Europe 600 ...

Italy's Consumer Confidence Drops for Third Month in August

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Liam Moloney ROME--Italian consumer confidence dropped in August for the third month in a row, reaching its lowest level since April, the statistics institute said Wednesday, as the country slipped into its third recession since 2008. Italy's consumer confidence ...

Euro Lower Against Rivals on Hopes for ECB Action

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Hiroyuki Kachi The euro is lower against major currencies in Asia trade Wednesday, hitting another fresh low against the dollar in nearly a year, amid expectations for quantitative easing and other steps by the European Central Bank. As of ...

French Business Confidence Falls in August

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

PARIS--Confidence among French manufacturers fell slightly in August as they became less optimistic about their outlook. Confidence among manufacturers dropped further below the long-term average of 100 to 96 in August from 97 in July, statistics agency Insee said. The ...

India's GDP Growth Likely Reached Over 2-Year High Of 5.5%

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Anant Vijay Kala NEW DELHI--India's economy may have expanded at its fastest pace in more than two years last quarter, helped by rising industrial production and growing consumer optimism. Gross domestic product in the three months ended June 30 ...

Novo Nordisk Buys US Manufacturing Plant

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Dominic Chopping Danish insulin maker Novo Nordisk A/S (NOVO-B.KO) has bought a manufacturing facility in West Lebanon, New Hampshire, U.S. from Olympus Biotech, it said Wednesday. Novo Nordisk said it intends to use the facility for production of active ...

Australian Construction Activity Falls in 2Q

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By James Glynn SYDNEY--The value of construction work done in Australia, including building and engineering work, in the second quarter fell 1.2% from the first quarter to A$51.93 billion, the Australian Bureau of Statistics said Wednesday. The value of building ...

Net trade surplus at SEK 1.9 billion in July

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

Press release from Statistics Sweden 2014-08-27 9:30 AM Nr 2014:457 Exports, imports and net trade balance, July 2014: Net trade surplus at SEK 1.9 billion in July In July 2014 Swedish exports of goods amounted to SEK 86.9 billion, while ...

Ukraine, Russia Talks Yield Little Progress

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

Russian President Vladimir Putin focused on trade at the start of talks involving his Ukrainian counterpart Tuesday, sidestepping mounting concern over the pro-Russia insurrection in eastern Ukraine that has claimed an estimated 2,000 lives. At a public round-table discussion in ...

Italian Consumers Aren't Seeing a Pick-Up in Inflation -- Market Talk

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

Italian consumers in August aren't seeing any pick-up in consumer prices, meaning that deflation risks remain for one of the euro zone's hardest-hit economies. In the latest August poll from the Italian statistical office, more Italian families expect CPI to ...

French Business Confidence Falls in August

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By William Horobin PARIS--Confidence among French manufacturers fell slightly in August as they became less optimistic about their outlook. Confidence among manufacturers dropped further below the long-term average of 100 to 96 in August from 97 in July, statistics agency ...

French Court Puts IMF Chief Under Probe

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

A French court said Wednesday it has put Christine Lagarde, head of the International Monetary Fund, under formal probe for negligence in a corruption investigation dating back to her days as finance minister. Ms. Lagarde confirmed the decision in a ...

Thailand Trade Backslides to Deficit in July

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Nopparat Chaichalearmmongkol BANGKOK--Thailand's trade balance returned to a deficit after exports unexpectedly declined in July, the Commerce Ministry said Wednesday, underscoring the stubborn challenges the military government faces in reviving the economy. The military rulers who took charge in ...