Reserve Bank of New Zealand Raises Cash Rate to 3.5%

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Lucy Craymer WELLINGTON, New Zealand--New Zealand on Thursday raised interest rates for the fourth time this year but signaled it wouldn't introduce further increases until the impact of the latest hike has been assessed. The economy appears to be ...

Brazil Sells $3.5 Billion 30-Year Bonds -- Update

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Rogerio Jelmayer SÃO PAULO--Brazil's government on Wednesday tapped the global debt market, issuing $3.5 billion in new bonds maturing in January 2045, and announced the buyback of shorter-dated global bonds to whittle down the country's debt-service costs. The new ...

HSBC China Flash Manufacturing PMI Rises in July

TODAY: July 24, 2014 PUB DATE: July 24, 2014

BEIJING--A preliminary gauge of Chinese manufacturing activity rose to an 18-month high in July, suggesting Beijing's efforts to stimulate growth are paying off. The preliminary HSBC China Manufacturing Purchasing Managers" Index, a gauge of nationwide manufacturing activity, rose to 52.0, ...

Increase in the number of employees

TODAY: July 24, 2014 PUB DATE: July 24, 2014

Press release from Statistics Sweden 2014-07-24 9:30 AM Nr 2014:431 Labour Force Survey (LFS), June 2014: Increase in the number of employees In June 2014, 4 870 000 persons aged 15-74 were employed, not seasonally adjusted. This is an increase ...

CURRENCIES: Dollar Flat Against Yen Amid Lack Of Fresh Cues

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Hiroyuki Kachi The dollar was almost flat against the yen on Thursday, with investors reluctant to take strong positions given a lack of fresh cues. The U.S. dollar (USDJPY) inched down to Yen101.45 from Yen101.48 late Wednesday in New ...

Moody's Cools Australia Housing Fears

TODAY: July 24, 2014 PUB DATE: July 24, 2014

SYDNEY--Despite sharp gains in Australian house prices over the past year fanned by record-low interest rates, Moody's Analytics said that prices are overvalued only in some states, not across the country as a whole. In a report Thursday, the firm ...

Japan Exports Fall 2.0% on Year in June

TODAY: July 24, 2014 PUB DATE: July 24, 2014

TOKYO--Japan's run of monthly trade deficits reached the two-year mark in June as export growth continued to be sluggish while imports remained stubbornly high, reinforcing the view that the deficits are here to stay for the once powerful exporter nation. ...

Oil Futures Steady After China Manufacturing Data

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Eric Yep Crude-oil futures were steady in Asian trading hours Thursday supported by a larger-than-expected drop in U.S. oil stocks and positive China manufacturing data. On the New York Mercantile Exchange light, sweet crude futures for delivery in September ...

Moody's Cools Australia Housing Fears

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By James Glynn SYDNEY--Despite sharp gains in Australian house prices over the past year fanned by record-low interest rates, Moody's Analytics said that prices are overvalued only in some states, not across the country as a whole. In a report ...

Singapore Central Bank Says Too Early to Ease Property Cooling Steps

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By P.R. Venkat SINGAPORE--Singapore's central bank said Thursday that recent property-sector cooling steps were working but it was too early to ease those measures as real-estate prices remained at elevated levels. "Risk factors have not changed," Monetary Authority Of Singapore ...

South Korea GDP Expands 0.6% in 2nd Quarter

TODAY: July 24, 2014 PUB DATE: July 24, 2014

SEOUL--South Korea's economic growth slowed in the second quarter to its weakest in more than a year on sluggish consumer spending in Asia's fourth-largest economy. Gross domestic product rose a seasonally adjusted 0.6% in the April-June period from the previous ...

Repsol 2Q Profit Jumps on Capital Gains

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Ilan Brat MADRID--Spanish oil major Repsol SA (REP.MC) said Thursday its second-quarter profit increased 95% on the year, driven by capital gains from the sale of stock in its former Argentinian unit and bonds the company received in compensation ...

Australia Tugboat Union Votes for Iron-Ore Port Stoppages

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Stephen Bell PERTH, Australia--Tugboat workers at Australia's biggest iron-ore port have voted to take industrial action, including work stoppages, raising the prospect of disruptions to exports of the steelmaking ingredient by BHP Billiton Ltd. (BHP) and several other mining ...

Producer prices decreased in June

TODAY: July 24, 2014 PUB DATE: July 24, 2014

Press release from Statistics Sweden 2014-07-24 9:30 AM Nr 2014:430 Producer and Import Price Index, June 2014: Producer prices decreased in June Producer prices in total decreased 0.1 percent from May to June. On the domestic, export and import market ...

Hunt for Missing IRS Emails Resumes

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By John D. McKinnon WASHINGTON--The inspector general for the Internal Revenue Service is reviewing some agency computer backup tapes to find out whether missing emails are still recoverable, Commissioner John Koskinen said at a congressional hearing Wednesday. Mr. Koskinen's comments ...

South Korea GDP Expands 0.6% in 2nd Quarter

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Kwanwoo Jun SEOUL--South Korea's economic growth slowed in the second quarter to its weakest in more than a year on sluggish consumer spending in Asia's fourth-largest economy. Gross domestic product rose a seasonally adjusted 0.6% in the April-June period ...

HSBC China Flash Manufacturing PMI Rises to 52.0 in July -- Update

TODAY: July 24, 2014 PUB DATE: July 24, 2014

BEIJING--A preliminary gauge of Chinese manufacturing activity rose to an 18-month high in July, suggesting Beijing's efforts to stimulate growth are paying off. The preliminary HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, rose to 52.0, ...

Dollar Flat Against Yen Amid Lack of Fresh Cues

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Hiroyuki Kachi The dollar was almost flat against the yen in Asian trade Thursday, with investors reluctant to take strong positions given a lack of fresh cues. As of 0450 GMT, the U.S. dollar inched down to Y101.45 from ...

French Private-Sector Activity Declines in July

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Paul Hannon French private-sector activity declined for a third straight month in July, but at a slower pace as the services sector returned to growth while manufacturing slipped deeper into contraction. Data firm Markit on Thursday said its composite ...

Hunt for Missing IRS Emails Resumes

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By John D. McKinnon WASHINGTON--The inspector general for the Internal Revenue Service is reviewing some agency computer backup tapes to find out whether missing emails are still recoverable, Commissioner John Koskinen said at a congressional hearing Wednesday. Mr. Koskinen's comments ...