Italy Industrial Output Falls Again in March

TODAY: July 24, 2014 PUB DATE: May 9, 2014

By Giada Zampano ROME--Italy's industrial production fell in March for the second consecutive month, as consumer goods and energy output declined. Industrial output in the euro zone's third-largest economy declined 0.5% from February in seasonally adjusted terms ...

EARNINGS PREVIEW: CEZ 1Q Net Profit Seen Tumbling 40%

TODAY: July 24, 2014 PUB DATE: May 9, 2014

CEZ (BAACEZ.PR): 1Q 2014 Earnings Due: May 13 at 0600 GMT DJN survey of 9 analysts Average Net Profit: CZK10.67B, -40% (CZK17.85B in 1Q 2013) Average Revenue: CZK54.19B, -9.7% (CZK59.98B in 1Q 2013) Note ...

Zurich Stocks Rise -- Market Talk

TODAY: July 24, 2014 PUB DATE: May 9, 2014

ZURICH--SMI ends 0.53% higher to 8510.39. The index is buoyed by SGS, rallying 2.14% higher, Novartis, up 1.03% and Geberit, which rises 1.08%. Swisscom also clocks a 1.14% gain. Financials struggle, with Credit Suisse ...

CURRENCIES: Euro Drops Through $1.38 To One-month Low

TODAY: July 24, 2014 PUB DATE: May 9, 2014

By Ben Eisen, MarketWatch NEW YORK (MarketWatch) -- The euro slid against the dollar on Friday, dropping through the $1.38 threshold to its lowest level in a month as traders continued to react to the dovish tone of the European ...

India's Merchandise Exports Rise in April

TODAY: July 24, 2014 PUB DATE: May 9, 2014

By Mukesh Jagota and Anant Vijay Kala NEW DELHI--India's merchandise exports expanded for the first time in three months in April, lifting hopes that overseas demand could be improving enough to support a recovery in the south Asian economy ...

Amsterdam Stocks End Lower--Market Talk

TODAY: July 24, 2014 PUB DATE: May 9, 2014

AMSTERDAM--AEX ends 0.3% lower at 401.93 points, as ArcelorMittal weighs on the index. ArcelorMittal, the world's largest steelmaker by volume, which ended 3.4% lower, said its first quarter net loss narrowed, helped by higher steel and ...

Bank of Korea Holds Policy Rate Steady

TODAY: July 24, 2014 PUB DATE: May 9, 2014

SEOUL--South Korea's central bank on Friday kept its benchmark interest rate steady at 2.5% as Asia's fourth largest economy gradually picks up steam. The decision was widely expected. Ten of 17 economists in a Wall Street Journal ...

Alliance Global Sells Global-Estate Stake to Megaworld

TODAY: July 24, 2014 PUB DATE: May 9, 2014

By Cris Larano MANILA--Philippine conglomerate Alliance Global Group Inc. (AGI.PH) is selling its stake in Global-Estate Resorts Inc. (GERI.PH) to a subsidiary, it said on Friday. Alliance Global is selling 49.20% of Global-Estate Resorts to subsidiary Megaworld ...

Crude Up On Ukraine Fears, But Still In Tight Range

TODAY: July 24, 2014 PUB DATE: May 9, 2014

By Cassie Werber LONDON--Oil prices climbed on Friday as markets continued to focus their attention on events in Ukraine and Libya. Brent June crude is up 0.7% at $108.75 a barrel on ICE Futures Europe. June crude is ...

Canada Employment Declines 28,900 in April--Update

TODAY: July 24, 2014 PUB DATE: May 9, 2014

By Paul Vieira OTTAWA--Canada unexpectedly shed jobs in April, mostly full-time and in the private sector, as employers in financial services and hospitality cut staff, Statistics Canada said Friday. Employment in Canada declined 28,900 in April, versus market expectations ...

UK Unemployment to Fall as BOE Presents Forecasts

TODAY: July 24, 2014 PUB DATE: May 9, 2014

By Jason Douglas LONDON--Bank of England Gov. Mark Carney will present the U.K. central bank's latest economic forecasts Wednesday in a quiet week for data. Also due are the latest jobless numbers, which are expected to show a ...

Frankfurt Stocks Close Lower--Market Talk

TODAY: July 24, 2014 PUB DATE: May 9, 2014

FRANKFURT--Germany's DAX retreats from yesterday's gains, closing 0.3% lower at 9581.45. Investor sentiment is dampened today by weak consumer price data out of China, disappointing German trade figures and concerns over the upcoming independence vote in ...

Fisher: Low Rates Will Stay If Inflation Under 2%

TODAY: July 24, 2014 PUB DATE: May 9, 2014

Federal Reserve Bank of Dallas President Richard Fisher said Friday he supports ending the central bank's bond-buying stimulus program this year, while adding it is very likely that very low interest rates will prevail for some time to come ...

China April CPI +1.8% on Year; Market Expected +2.0%

TODAY: July 24, 2014 PUB DATE: May 9, 2014

BEIJING--China's consumer-price index rose 1.8% in April from a year earlier, slower than a 2.4% on-year rise in March, data from the National Bureau of Statistics showed Friday. The rise in the key inflation gauge undershot the ...

RBA Says Low Rates Needed For Some Time Yet

TODAY: July 24, 2014 PUB DATE: May 9, 2014

SYDNEY--Australia's central bank lowered its near-term forecasts for inflation Friday, giving it more scope to keep interest rates low to support an economy that remains weak in the face of a mining slowdown. The Reserve Bank of Australia said ...

French Central State Budget Deficit Narrows in First Quarter

TODAY: July 24, 2014 PUB DATE: May 9, 2014

By William Horobin PARIS--France's central state budget deficit narrowed slightly in the first quarter of this year compared with the same period in 2013, the budget ministry said Friday. The central state budget deficit narrowed to EUR28 billion over ...

Correction to Nickel Markets Story

TODAY: July 24, 2014 PUB DATE: May 9, 2014

"LME Nickel Tops $20,000/ton for First Time in 2 Years," at 0949 GMT, misstated the measurement of the nickel price in the second paragraph. The LME's three-month nickel contract rose 5.6% to $20,500 a metric ...