Oil Prices Extend Fall as Stockpile Worries Resurface

TODAY: May 2, 2016 PUB DATE: March 24, 2016

Oil prices extended their sharp selloff Thursday after U.S. supply data a day earlier showed swelling stockpiles and stubbornly high production, retreating from the $40-a-barrel range and dashing the view of bullish investors banking on the start of a reversal ...

CURRENCIES: Dollar Rises For 5th Day; Yen, Euro Weaken

TODAY: May 2, 2016 PUB DATE: March 24, 2016

By Joseph Adinolfi and Sara Sjolin, MarketWatch Pound turns higher as 'Brexit' fears subside The dollar climbed against most other rival currencies on Thursday as hawkish comments from Federal Reserve members spurred chatter of a rate rise this spring. The ...

U.S. Corn, Soybeans Rise Ahead of Holiday Weekend

TODAY: May 2, 2016 PUB DATE: March 24, 2016

By Jesse Newman CHICAGO--U.S. corn and soybean futures gained Thursday as traders evened up positions ahead of the holiday weekend. Meanwhile, wheat slid. Soybean prices rose, buoyed in part by rising prices for soybean meal, an animal-feed product made from ...

U.S. Sanctions Iranian Defense Firms, Revolutionary Guard Units for Missile Tests

TODAY: May 2, 2016 PUB DATE: March 24, 2016

By Jay Solomon WASHINGTON--The Obama administration on Thursday imposed sanctions against Iranian defense firms and units of Tehran's elite military unit, the Revolutionary Guard, for their alleged role in supporting their country's ballistic-missile launches. The Treasury Department also blacklisted firms ...

Dollar Rises Against Euro Thursday

TODAY: May 2, 2016 PUB DATE: March 24, 2016

By Chelsey Dulaney The dollar rose against the euro Thursday, as expectations for an interest-rate increase continue to build on the heels of positive commentary from Federal Reserve officials. The WSJ Dollar Index, which measures the buck against a basket ...

U.S. Grains, Soybeans Fall As Dollar Rebounds, Buying Slows

TODAY: May 2, 2016 PUB DATE: March 24, 2016

By Jesse Newman CHICAGO--U.S. grain and soybean futures declined Wednesday as the U.S. dollar firmed and buying across agricultural markets tapered off. Futures prices for soybeans dropped for the first in six sessions, sapping a rally that on Tuesday drove ...

Opposition Rises Over Chinese Bid For Syngenta

TODAY: May 2, 2016 PUB DATE: March 24, 2016

(FROM THE WALL STREET JOURNAL 3/24/16) By Jacob Bunge U.S. opposition to the largest-ever acquisition by a Chinese company is growing, with a top farm-state senator saying the $43 billion takeover of seed giant Syngenta AG could pose risks to ...

China Promises Business Tax Cuts to Support Economic Shift

TODAY: May 2, 2016 PUB DATE: March 24, 2016

BOAO, China?Premier Li Keqiang said Beijing will reduce the tax burden on Chinese companies to spur dynamism and help the economy's shift toward consumption and services from manufacturing. In a nearly hourlong speech Thursday at the annual Boao Forum for ...

Judge Criticizes FTC In Staples Merger Case

TODAY: May 2, 2016 PUB DATE: March 24, 2016

(FROM THE WALL STREET JOURNAL 3/24/16) By Brent Kendall WASHINGTON -- The government's legal challenge to the planned merger of Staples Inc. and Office Depot Inc. took an unexpected turn Wednesday when a federal judge said he was disturbed by ...

Some Chinese Companies Show Signs of Sagging Under Weaker Yuan

TODAY: May 2, 2016 PUB DATE: March 24, 2016

By Anjie Zheng A weaker Chinese currency has roiled global markets and heightened worries about the state of the world's second-largest economy. Now, some Chinese companies are reporting they have taken a hit from the yuan's depreciation. The Chinese currency ...

Russia Econ Min Ulyukayev: Selling Pressure On Ruble To Ease

TODAY: May 2, 2016 PUB DATE: March 24, 2016

By Andrey Ostroukh MOSCOW--The Russian ruble has room to strengthen this year on a likely higher average oil price of around $40 a barrel, paving the way for economic recovery, Russia's economy minister said Thursday. Latest economic indicators suggest the ...

U.S. New Home Sales-Mar 24

TODAY: May 2, 2016 PUB DATE: March 24, 2016

Seasonally adjusted levels (except actual level, which is not seasonally adjusted) and percent changes for houses sold by region in thousands during period. Prices in millions of dollars. Previous months are subject to revision. A-denotes ratio of houses for sale ...

U.S. Stocks Slip as Commodities Weaken, Dollar Strengthens

TODAY: May 2, 2016 PUB DATE: March 24, 2016

By Riva Gold and Aaron Kuriloff U.S. stocks fell Thursday, as a resurgent dollar and weaker commodities prices continued to dent a recent rally. The Dow Jones Industrial Average dropped 61 points, or 0.3%, to 17442.03. The S&P; 500 fell ...

U.S. Durable Orders Fell 2.8% in February

TODAY: May 2, 2016 PUB DATE: March 24, 2016

WASHINGTON?Orders for long-lasting manufactured goods declined broadly last month as headwinds from weak global growth, low oil prices and financial volatility continued to weigh on companies' spending. New orders for durable goods?products designed to last at least three years, like ...

Markit Flash Services PMI Rises Slightly in March

TODAY: May 2, 2016 PUB DATE: March 24, 2016

By Lisa Beilfuss U.S. service-sector activity recovered in March after contracting for the first time in two years, but the modest improvement suggested momentum this year remains lackluster. Markit Economics' flash services purchasing managers index edged up to 51.0 in ...