China Doesn't Need Strong Stimulus: PBOC Chief Economist

TODAY: April 27, 2015 PUB DATE: April 27, 2015

BEIJING--China's economy faces downward pressure but it doesn't need strong stimulus to boost growth, said Ma Jun, chief economist of the People's Bank of China, according to the state-run People's Daily on Monday. Mr. Ma said China's job market is ...

Thai Vehicle Production Falls 1.72% in March From a Year Earlier

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Nopparat Chaichalearmmongkol BANGKOK--Vehicle production in Thailand fell 1.72% in March from a year earlier to 178,217 units, according to the Federation of Thai Industries. March vehicle production fell 0.52% in March from a month earlier, the FTI's Automotive Industry ...

European Stocks Fall After Greek Talks Deadlock

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Tommy Stubbington European stocks fell Monday after Friday's deadlock in negotiations over unlocking further financial aid for Greece kept markets on edge. The Stoxx Europe 600 was 0.5% lower in early trade, giving up part of the previous week's ...

Germany Faces Consumption-Fueled Boom In 2015 That Won't Last - Survey

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Andrea Thomas BERLIN--Private consumption will fuel Germany's economy this year with almost half the companies forecasting production growth but this consumption-driven boom will be a flash in the pan, according to a survey from a leading German institute published ...

European Stocks Fall on Greece Concerns --Update

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Tommy Stubbington European stocks fell Monday after Friday's deadlock in negotiations over unlocking further financial aid for Greece kept markets on edge. The Stoxx Europe 600 was 0.3% lower late morning, giving up part of the previous week's gains. ...

M2 Group Offers $1.18 Billion for iiNet

TODAY: April 27, 2015 PUB DATE: April 27, 2015

SYDNEY--M2 Group (MTU.AU) has launched a takeover offer for internet-service-provider iiNet Ltd. (IIN.AU), setting the scene for a possible bidding war with TPG Telecom Ltd. (TPM.AU). M2 Group's all-scrip offer values the target at 1.5 billion Australian dollars (US$1.18 billion), ...

Capgemini Buys IGATE for $4 Billion

TODAY: April 27, 2015 PUB DATE: April 27, 2015

PARIS--French computer services and technology company Capgemini said Monday it will buy U.S. peer IGATE for $4 billion, making North America the French company's largest market. Capgemini, which reported EUR2.76 billion ($3 billion) in revenue in the first quarter of ...

Applied Materials, Tokyo Electron Scrap Merger Plan

TODAY: April 27, 2015 PUB DATE: April 27, 2015

TOKYO-- Applied Materials Inc. and Tokyo Electron Ltd. said that they will scrap plans to merge their operations, citing problems with the U.S. Department of Justice. The deal, which was unveiled in September of 2013, would have created a company ...

Pound Buoyant Despite Election Uncertainty

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Tommy Stubbington and Josie Cox Investors hate uncertainty, the old cliché runs. But ahead of one of the least certain elections in recent U.K. history, investors in sterling seem mostly buoyant. The British pound has bounced back in recent ...

Multinationals Shift Investment Focus to Developed Countries: Survey

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Dan Keeler Multinational companies are increasingly focusing their foreign investment in developed countries, favoring technological development and productivity over cheap labor. Among the top 25 countries targeted for foreign direct investment by global companies, almost three quarters are in ...

Dollar Flat Against Yen Ahead of FOMC, BOJ Meetings

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Hiroyuki Kachi The dollar was largely flat against the yen in quiet Asia trade Monday, with investors taking a wait-and-see stance ahead of monetary policy meetings both in the U.S. and Japan later this week. Around 0250 GMT, the ...

Oil Sustains Month-Long rally, Brent Trades Over $65/Bbl

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Eric Yep Crude-oil futures were steady to slightly lower in Asian trade Monday as investors weighed supply-demand fundamentals amid weakening confidence in the latest price rally. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

Spain to Lift 2015 Growth Target

TODAY: April 27, 2015 PUB DATE: April 27, 2015

MADRID--The Spanish government plans to raise its economic growth target for this year to 2.9% from the current 2.4%, Prime Minister Mariano Rajoy said Monday. Spain's economy is expected to keep adding jobs at a record-breaking pace this year and ...

Brazil Consumer Confidence Picks Up in April

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Rogerio Jelmayer SAO PAULO--Brazil's consumer confidence picked up in April, marking the first increase of the year, but it was attributed more to the low level of comparison basis than to an improvement of the country's economic conditions. Brazil's ...

Oil Drifts Lower; Brent Falls Below $65 a Barrel

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Eric Yep Crude-oil futures were lower in European trade on Monday as investors weighed supply-demand fundamentals amid weakening confidence in the latest price rally. On the New York Mercantile Exchange, light, sweet crude futures for delivery in June traded ...

U.K. Tells BP it Would Oppose Foreign Takeover of the Company

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Jenny Gross And Justin Scheck LONDON--The U.K. government told BP PLC that it would oppose any potential foreign takeover of the company because it wants the oil giant to remain a British company with global clout. With a market ...

China Vanke Profit Falls Sharply -- Update

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Esther Fung SHANGHAI-- China Vanke Co., one of China's largest property developers, said its first-quarter net profit fell 57.5% from a year earlier, as it sold and completed the construction of fewer properties. The Shenzhen-based developer's net profit for ...

Germany Faces Consumption-Fueled Boom In 2015 That Won't Last

TODAY: April 27, 2015 PUB DATE: April 27, 2015

BERLIN--Private consumption will fuel Germany's economy this year with almost half the companies forecasting production growth but this consumption-driven boom will be a flash in the pan, according to a survey from a leading German institute published Monday. "Economic conditions ...