Euro Hits 11-Year Low Against Dollar -- Update

TODAY: April 19, 2015 PUB DATE: March 4, 2015

By Josie Cox The euro slumped to a fresh 11-year low against the U.S. dollar Wednesday, on the eve of a key meeting at which the European Central Bank is expected to shed more light on how it will execute ...

Macquarie Group to Buy Portfolio of 90 Commercial Airliners

TODAY: April 19, 2015 PUB DATE: March 4, 2015

By Robb M. Stewart MELBOURNE, Australia--Australia's Macquarie Group Ltd. has struck a deal to buy a portfolio of 90 commercial airliners for $4 billion, bolstering its aircraft-leasing business and further diversifying away from its investment-banking roots. The bank said it ...

Malaysia Economic Growth Likely to Moderate in 2015 - IMF

TODAY: April 19, 2015 PUB DATE: March 4, 2015

By Jason Ng KUALA LUMPUR--Malaysia's economy will likely expand at a slower pace this year as consumer spending declines due to the introduction of a consumption tax and slower credit growth, the International Monetary Fund said Wednesday. Gross domestic product ...

Alibaba Buys Stake in China Entertainment Company Enlight Media

TODAY: April 19, 2015 PUB DATE: March 4, 2015

By Gillian Wong BEIJING-- Alibaba Group Holding Ltd. is buying a $382 million stake in Chinese production company Beijing Enlight Media Co., furthering its push into show business. Enlight Media said in a filing on the Shenzhen Stock Exchange that ...

India's Services Sector Logs Quickest Rise in 8 Months

TODAY: April 19, 2015 PUB DATE: March 4, 2015

NEW DELHI--A gauge of services activity in India rose to an eight-month high thanks to strong growth in new orders. The seasonally-adjusted Service Sector Business Activity Index rose to 53.9 from 52.4 in January, according to HSBC research released Wednesday. ...

Russian Service Sector Activity Slows in February

TODAY: April 19, 2015 PUB DATE: March 4, 2015

By Andrey Ostroukh MOSCOW--Activity in Russia's service sector slowed in February at its fastest rate in six years and the outlook remained negative, the HSBC Manufacturing Purchasing Manager's Index showed Wednesday. The headline services PMI index fell to 41.3 in ...

Merkel Sidesteps Question About Possible Third Greek Bailout

TODAY: April 19, 2015 PUB DATE: March 4, 2015

By Stephen Fidler BRUSSELS--German Chancellor Angela Merkel sidestepped a question about a possible third bailout for Greece, saying on Wednesday that the current focus was on completing a second bailout for the country. "We are currently doing all we can ...

India Central Bank Cuts Benchmark Rate to 7.5%

TODAY: April 19, 2015 PUB DATE: March 4, 2015

MUMBAI--The Reserve Bank of India surprised markets Wednesday with an unscheduled cut to its key lending rate, indicating that it is joining a widespread easing in monetary policy the world over. The RBI cut its main repurchase rate by 0.25 ...

Press Release: NMI(R) at 56.9%; February Non-Manufacturing ISM(R) Report On Business(R); Business Activity Index at 59.4%; New Orders Index at 56.7%; Employment Index at 56.4%

TODAY: April 19, 2015 PUB DATE: March 4, 2015

NMI(R) at 56.9%; February Non-Manufacturing ISM(R) Report On Business(R); Business Activity Index at 59.4%; New Orders Index at 56.7%; Employment Index at 56.4% PR Newswire TEMPE, Ariz., March 4, 2015 DO NOT CONFUSE THIS NATIONAL REPORT with the various regional ...

CURRENCIES: U.S. Dollar Hits 11-year High Against Euro

TODAY: April 19, 2015 PUB DATE: March 4, 2015

By Joseph Adinolfi, MarketWatch Buck turns higher against yen after strong ISM nonmanufacturing data NEW YORK (MarketWatch) -- The U.S. dollar hit an 11-year high against the euro Wednesday after pushing through a key technical threshold, shrugging off a weaker-than-expected ...

GDF Suez Issues Zero Coupon Bond

TODAY: April 19, 2015 PUB DATE: March 4, 2015

By Josie Cox French utility GDF Suez has become the first company in more than 14 years to issue bonds in euros bearing no regular payments for investors, according to Dealogic data. The Paris-based group sold four tranches of debt, ...

ISM Non-Manufacturing Index Edges Up to 56.9 in February

TODAY: April 19, 2015 PUB DATE: March 4, 2015

By Kathleen Madigan The expansion in the U.S. non-manufacturing sector continued at a pace slightly better than expected last month, according to data released Wednesday by the Institute for Supply Management. The ISM's non-manufacturing purchasing managers index came in at ...

Swiss Deny Reports on New SNB Exchange Rate Cap

TODAY: April 19, 2015 PUB DATE: March 4, 2015

ZURICH--Swiss authorities on Wednesday denied the country's cabinet wanted the Swiss central bank to consider a new exchange rate cap to curb the strength of the franc, dismissing a report in a business newspaper as false. Late on Wednesday the ...

U.S. Stocks Fall For Second Straight Session

TODAY: April 19, 2015 PUB DATE: March 4, 2015

By Saumya Vaishampayan U.S. stocks fell for the second session in a row, sending the Dow industrials and S&P; 500 to their lowest levels in nearly two weeks. The Dow Jones Industrial Average fell 106.47 points, or 0.6%, to 18096.90. ...

General Dynamics Boost Dividend

TODAY: April 19, 2015 PUB DATE: March 4, 2015

By Josh Beckerman General Dynamics Corp. has increased its quarterly dividend to 69 cents from 62 cents. The aerospace and defense company's decision to raise the payout by 11.3% follows an increase last year, from 56 cents. Uncertainty over military ...

Yellen Says Effective Supervision One of Fed's Top Priorities

TODAY: April 19, 2015 PUB DATE: March 4, 2015

Federal Reserve Chairwoman Janet Yellen raised concerns about the state of Wall Street's culture and ethics on Tuesday, echoing similar comments from other regulatory officials and increasing pressure on the biggest U.S. banks to improve. "It is unfortunate that I ...