Oil Prices Rally Ahead of US Data -- 2nd Update

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

By Georgi Kantchev LONDON--Oil prices rallied on Friday ahead of key data expected to show another reduction in U.S. drilling activity. Crude futures have been whipsawing in recent weeks with the market weighing up signs of impending supply cuts and ...

China's Yuan Slumps on Growth Worries

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

By Anjani Trivedi China's yuan fell to its weakest level against the dollar in more than two years on Friday, extending a decline driven by the prospect of a slowdown in the world's second-largest economy. Investors have been selling the ...

Thailand's Slow Recovery Continues in January

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

By Nopparat Chaichalearmmongkol BANGKOK-Thailand's economy showed mixed signs of improvement in January, as tourist arrivals increased but consumption and investment remained flat, data from the Bank of Thailand showed Friday. More than 2.6 million tourists arrived in Thailand in January ...

Russia Proposes Maximizing Reserve Fund Use

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

MOSCOW--Russia's finance ministry has proposed increasing the maximum amount it can draw from the country's reserve fund by more than six fold, as the government faces strong economic headwinds and gaps in the oil-dependent budget, first deputy finance minister said ...

French January Consumer Spending Beats Expectations

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

PARIS--French consumer spending was stronger than expended in January, indicating the eurozone's second largest economy started 2015 on a firmer footing after three years of weak economic growth. Consumer spending--the largest factor of French economic growth--rose 0.6% in January from ...

French January Consumer Spending Beats Expectations

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

By William Horobin PARIS--French consumer spending was stronger than expended in January, indicating the eurozone's second largest economy started 2015 on a firmer footing after three years of weak economic growth. Consumer spending--the largest factor of French economic growth--rose 0.6% ...

South Africa Jan Trade Balance Swung to ZAR24.2 Billion Deficit

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

By Patrick McGroarty JOHANNESBURG--South Africa's trade balance swung to an unexpectedly wide deficit in January, the latest blow to an economy struggling against slow growth and widespread power outages. South Africa's revenue service on Friday said the country posted a ...

U.S. Stocks Pause After GDP Data

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

By Saumya Vaishampayan And Corrie Driebusch U.S. stocks traded little changed Friday after data showed the economy returned to moderate growth in the fourth quarter. The Dow Jones Industrial Average slipped 13 points, or 0.1%, to 18200.33. The S&P; 500 ...

Diageo PLC Diageo completes acquisition of Tequila Don Julio

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

TIDMDGE RNS Number : 0921G Diageo PLC 27 February 2015 Friday 27 February 2015 DIAGEO COMPLETES ACQUISITION OF TEQUILA DON JULIO Diageo, a global leader in beverage alcohol, has today completed the acquisition of full global ownership and control of ...

New Zealand ANZ February Business Confidence +34.4%; December +30.4%

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

By Rebecca Howard WELLINGTON, New Zealand--New Zealand business confidence pushed higher in February with firms' own activity expectations, employment and investment intentions all robust. "In cricketing parlance, New Zealand's innings is progressing nicely; there are runs on the board - ...

U.S. GDP Growth Slows to 2.2% in Fourth Quarter--Update

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

By Jeffrey Sparshott WASHINGTON--The U.S. economy cooled in the final months of 2014, a return to the moderate growth that has marked much of the recovery. Gross domestic product, the broadest measure of goods and services produced across the economy, ...

U.S. ECONOMIC INDICATORS: Housing Data, Latest 6 Months

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

Data seasonally adjusted except actual, which is not seasonaly adjusted. Median and average prices for existing and single family homes in dollars. Housing construction and homes sold in 1,000 units. R = revised. (*) data reflect the increase in the ...

Consumer-Price Decline Slows in Spain, Germany -- 4th Update

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

By Paul Hannon and David Román MADRID--Consumer prices in Germany and Spain fell again in February but at a slower pace than in January, while prices in Italy rose after two months of decline. The figures suggests that a period ...

China's Yuan Slumps on Growth Worries

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

China's yuan fell to its weakest level against the dollar in more than two years on Friday, extending a decline driven by the prospect of a slowdown in the world's second-largest economy. Investors have been selling the yuan in recent ...

Japan January Industrial Output +4.0% On Month

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

TOKYO--Japanese industrial production rose 4.0% in January, the second straight on-month increase, data showed Friday, an indication that industrial activity is continuing its gradual recovery on the back of strong exports to Asia and the U.S. The rise compares with ...

India Says Growth May Hit 8.5%

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

NEW DELHI--The Indian government said Friday that the country's economic expansion will accelerate to a four-year high of as much as 8.5% in the coming fiscal year as recent radical changes in the way the South Asian nation measures its ...

European Stocks Continue Rally

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

European stocks edged up in early trade Friday, extending a succession of multiyear highs this week. The Stoxx Europe 600 index rose 0.2%, having surged 1% to its highest close in more than seven years on Thursday. The rally of ...

European Stocks Continue Rally

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

By Tommy Stubbington European stocks edged up in early trade Friday, extending a succession of multiyear highs this week. The Stoxx Europe 600 index rose 0.2%, having surged 1% to its highest close in more than seven years on Thursday. ...

Turkish Lira Declines to Fresh Record

TODAY: Feb. 27, 2015 PUB DATE: Feb. 27, 2015

ISTANBUL--Turkey's lira slumped to a fresh record against the dollar Friday, with losses outpacing most emerging-markets peers amid a broader selloff on mounting political pressure on the country's central bank. The currency weakened by 0.7% to 2.5248 against the dollar ...