Zimmer Submits Revised Plan to European Regulators on Biomet Deal

TODAY: March 26, 2015 PUB DATE: Feb. 10, 2015

By Tess Stynes Zimmer Holdings Inc. said it submitted a revised proposal to European antitrust regulators to address concerns about its pending $13.35 billion acquisition of fellow orthopedic-device maker Biomet Inc. Zimmer said the revised proposal is "generally consistent" with ...

China's Drop in Inflation Pressures Central Bank to Expand Credit

TODAY: March 26, 2015 PUB DATE: Feb. 10, 2015

By Mark Magnier And Tom Wright BEIJING--Growing risk of a deflationary spiral in China is adding to worries about the global economy and putting more pressure on China's central bank to expand credit in the world's second-largest economy. Consumer prices ...

Oil Prices Fall on Oversupply Concerns

TODAY: March 26, 2015 PUB DATE: Feb. 10, 2015

By Nicole Friedman U.S. oil prices slipped Tuesday, snapping a three-day streak of gains, as traders weighed a currently oversupplied market against expectations supply growth will slow by the end of the year. U.S. oil for March delivery fell $1.76, ...

U.S. Stocks Slightly Higher

TODAY: March 26, 2015 PUB DATE: Feb. 10, 2015

By Corrie Driebusch And Saumya Vaishampayan U.S. stocks were slightly higher Tuesday, buoyed by hopes for a deal between Greece and its international creditors. The Dow Jones Industrial Average added 29 points, or 0.2%, to 17758. Coca-Cola Co. was the ...

Fed's Lacker Says June 'Attractive Option' for Raising Rates -- Update

TODAY: March 26, 2015 PUB DATE: Feb. 10, 2015

By Ben Leubsdorf RALEIGH, N.C.--The Federal Reserve's June policy meeting is the "attractive option" for beginning to raise interest rates, Federal Reserve Bank of Richmond President Jeffrey Lacker said. "At this point, raising rates in June looks like the attractive ...

Germany's Steinmeier: Greece Must Meet Its Bailout Commitments

TODAY: March 26, 2015 PUB DATE: Feb. 10, 2015

By Andrea Thomas BERLIN--German Foreign Minister Frank-Walter Steinmeier urged Athens to meet its commitments made in exchange for international bailouts, highlighting Berlin's tough stance in the new Greek government's plans to change austerity policies. Speaking ahead of a meeting with ...

Halliburton to Cut 8% of Workforce

TODAY: March 26, 2015 PUB DATE: Feb. 10, 2015

By Dan Molinski Halliburton Co., the world's second-largest oil-field services company, said Tuesday it plans to shed up to 8% of its global workforce as low oil prices force energy companies to rein in spending. The job cuts could amount ...

Brazilian Real Closes at Lowest Point in More Than a Decade

TODAY: March 26, 2015 PUB DATE: Feb. 10, 2015

By Will Connors RIO DE JANEIRO--The Brazilian real fell to its lowest level against the dollar in more than 10 years on Tuesday, as weak economic growth figures, a countrywide drought and a corruption scandal at state-run oil firm Petrobras ...

BOJ Morimoto Advises Caution on Aggressive Easing

TODAY: March 26, 2015 PUB DATE: Feb. 9, 2015

CHIBA, Japan--A Bank of Japan policy board member said Monday the central bank should carefully proceed with its aggressive easing, keeping in mind there are number of associated risks. In his first public speech since dissenting with the central bank's ...

Japan Logs Current Account Surplus in December

TODAY: March 26, 2015 PUB DATE: Feb. 9, 2015

TOKYO--Japan posted its sixth straight current account surplus in December, as strong investment income outweighed continuing trade deficits. The surplus in the current account stood at Yen187.2 billion ($1.57 billion) in December before seasonal adjustment, the Finance Ministry said Monday. ...

BOE's Carney Applauds ECB Policy

TODAY: March 26, 2015 PUB DATE: Feb. 9, 2015

By Emre Peker ISTANBUL--Bank of England Governor Mark Carney hailed the European Central Bank's latest push to revive the eurozone economy and said global financial markets are now more resilient against additional shocks. "There are many reasons why the ECB's ...

Bank of France Sees French GDP +0.4% in 1Q

TODAY: March 26, 2015 PUB DATE: Feb. 9, 2015

By Inti Landauro PARIS--The French economy is likely to speed up in the first quarter of this year, a business confidence survey by the Bank of France showed Monday. French gross domestic product will likely expand 0.4% in the first ...

OECD Warns on Reform Slowdown

TODAY: March 26, 2015 PUB DATE: Feb. 9, 2015

By Paul Hannon Governments have implemented few of the overhauls needed to boost economic growth over recent years, the Organization for Economic Cooperation and Development said Monday, raising doubts about the Group of 20's ability to deliver on its flagship ...

OECD Leading Indicators Point to Eurozone Revival

TODAY: March 26, 2015 PUB DATE: Feb. 9, 2015

By Paul Hannon Economic growth is set to pickup in Germany and the eurozone, according to leading indicators released Monday by the Organization for Economic Cooperation and Development. The Paris-based research body said its gauges of future economic activity--which are ...

Turkish Lira Sinks to New Low

TODAY: March 26, 2015 PUB DATE: Feb. 9, 2015

The Turkish lira sank to a fresh record low against the dollar Monday, as expectations that the central bank will be forced to cut rates continued to weigh on the battered currency. The lira weakened by almost 0.8% as trading ...