Spanish, Belgian Consumer Prices Fall -- 5th Update

TODAY: Jan. 28, 2015 PUB DATE: Nov. 27, 2014

By Paul Hannon and Todd Buell German consumer prices rose at the slowest annual pace in almost five years in November, while prices fell in Spain and Belgium, making it increasingly likely that the European Central Bank will soon conclude ...

Scotland Should Have Power to Levy Income Tax -- Update

TODAY: Jan. 28, 2015 PUB DATE: Nov. 27, 2014

By Jason Douglas LONDON--Scotland should gain new powers to raise taxes, a panel of U.K. lawmakers proposed Thursday in a further step toward greater autonomy for the nation that only narrowly voted to stay in the U.K. in a September ...

CURRENCIES: Ruble, Loonie Driven Lower After OPEC Keeps Output Target

TODAY: Jan. 28, 2015 PUB DATE: Nov. 27, 2014

By Carla Mozee, MarketWatch LONDON (MarketWatch)-- The currencies of Russia, Norway and Canada dropped against the U.S. dollar, with the oil-producing countries feeling the weight of a decision by the Organization of the Petroleum Exporting Countries not to cut its ...

WTO Reaches Deal to Modernize Global Trade

TODAY: Jan. 28, 2015 PUB DATE: Nov. 27, 2014

By Andrew Morse ZURICH--The World Trade Organization reached an agreement on Thursday to modernize global trade infrastructure and regulations, overcoming a monthslong standstill that threatened to derail a conclusion. WTO members had hammered out the deal last year to streamline ...

Report Pushes France to Overhaul Labor, Germany to Invest More

TODAY: Jan. 28, 2015 PUB DATE: Nov. 27, 2014

By William Horobin PARIS--France needs to overhaul its labor laws and Germany needs to boost investment to coordinate their efforts to repair the eurozone economy, according to a report commissioned by the governments of each country published Thursday. The report ...

Retail Deal Spans Europe And Africa

TODAY: Jan. 28, 2015 PUB DATE: Nov. 26, 2014

(FROM THE WALL STREET JOURNAL 11/26/14) By Matina Stevis and Ian Walker Furniture retailer Steinhoff International Holdings Ltd. is acquiring fellow South African retailer Pepkor Holdings Proprietary Ltd. for 62.8 billion South African rand ($5.7 billion), as it aims to ...

Russian Finance Minister Warns Oil Prices Likely to Remain Low

TODAY: Jan. 28, 2015 PUB DATE: Nov. 26, 2014

By Alexander Kolyandr MOSCOW--Lower oil prices are here to stay for the long term and the country's budget should be adjusted accordingly, Russia's finance minister said Wednesday. "The new oil prices, between $80 and $90 a barrel, most probably will ...

BOJ Shirai Says Extra Action Was Justified

TODAY: Jan. 28, 2015 PUB DATE: Nov. 26, 2014

HIROSHIMA, Japan--A member of the Bank of Japan policy board whose vote helped tip the scales in favor of recent action said the latest stimulus was justified to keep inflation on track toward its target and deliver on the bank's ...

Singapore October Industrial Output Flat Despite Biomedical Push

TODAY: Jan. 28, 2015 PUB DATE: Nov. 26, 2014

By Gaurav Raghuvanshi SINGAPORE--Singapore's manufacturing output was flat in October despite a push from the volatile pharmaceutical sector as production in other sectors lagged. Output rose 0.2% on year in October, preliminary figures released on Wednesday show, falling far short ...

CMA CGM Buys Shipper OPDR

TODAY: Jan. 28, 2015 PUB DATE: Nov. 26, 2014

By Ruth Bender PARIS--France's CMA CGM SA, the world's third-biggest container-shipping operator by capacity, Wednesday said it bought Germany's Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH for an undisclosed sum. The acquisition, reported earlier by The Wall Street Journal, is part of CMA CGM's ...

Samsung to Buy Back $2 Billion Worth of Shares

TODAY: Jan. 28, 2015 PUB DATE: Nov. 26, 2014

By Jonathan Cheng And Min-Jeong Lee SEOUL-- Samsung Electronics Co. said it would buy back $2 billion of its shares, its first such move in seven years, as it deploys some of its $60 billion cash hoard to shore up ...

Russia's Central Bank Governor Eyes Rate Cuts for 2nd Half of 2015

TODAY: Jan. 28, 2015 PUB DATE: Nov. 26, 2014

By Andrey Ostroukh MOSCOW--The Bank of Russia will consider easing monetary policy in the second-half of 2015 if inflation begins to come under control, the chairwoman of the central bank said Wednesday, Russian news agencies reported. "In the future, as ...

Russia's Central Bank Eyes Rate Cuts

TODAY: Jan. 28, 2015 PUB DATE: Nov. 26, 2014

MOSCOW--The Bank of Russia will consider easing monetary policy in the second-half of 2015 if inflation begins to come under control, the chairwoman of the central bank said Wednesday, Russian news agencies reported. "In the future, as a steady trend ...

Italy November Consumer Confidence Continues Downward Trend

TODAY: Jan. 28, 2015 PUB DATE: Nov. 26, 2014

By Liam Moloney ROME--Italian consumer confidence fell in November, hitting its lowest level since February as household sentiment dropped and the current climate worsened with the country heading to its third annual economic contraction. Italy's consumer confidence index slipped to ...

U.S. Consumer Spending Muted in October

TODAY: Jan. 28, 2015 PUB DATE: Nov. 26, 2014

By Jeffrey Sparshott And Joshua Mitchell WASHINGTON--U.S. consumer spending was muted and business investment weak in October, suggesting a mild slowdown in the last quarter of the year following two quarters of robust economic growth. Personal spending, which measures outlays ...

India's GDP Growth Likely Slowed Last Quarter

TODAY: Jan. 28, 2015 PUB DATE: Nov. 26, 2014

By Anant Vijay Kala NEW DELHI--India's economic growth is expected to have slowed last quarter, hurt by weak industrial and agricultural output, raising concern that the recovery of Asia's third-largest economy is already losing steam. Gross domestic product in the ...

U.S. Jobless Claims Rise To 313K

TODAY: Jan. 28, 2015 PUB DATE: Nov. 26, 2014

WASHINGTON-The number of Americans seeking first-time jobless benefits leapt last week but remained at a level suggesting steady job growth. Initial jobless claims rose 21,000 to a seasonally adjusted 313,000 in the week ended Nov. 22, the Labor Department said ...

China Moves to Bolster Air-Pollution-Control Law

TODAY: Jan. 28, 2015 PUB DATE: Nov. 26, 2014

BEIJING--China's government took a step forward in strengthening its air-pollution-control law, adding new amendments aimed at increasing penalties for heavy polluters and giving local governments greater responsibilities to clean the skies. The State Council, China's cabinet, approved the amendments Wednesday. ...

Reuters/Michigan Final November Sentiment Pulls Back

TODAY: Jan. 28, 2015 PUB DATE: Nov. 26, 2014

U.S. consumers maintained a rosy view on the economy in November ahead of the holiday shopping season, according to a survey of households released Wednesday. The Thomson-Reuters/University of Michigan final November sentiment index came in at 88.8, down slightly from ...

Brazil's Total Credit Grew 12.2% in October From Year Before

TODAY: Jan. 28, 2015 PUB DATE: Nov. 26, 2014

SAO PAULO--Credit issued by Brazil's financial system increased 12.2% in October from a year earlier as subsidized lending grew rapidly, the country's central bank said Wednesday. The total amount of credit issued grew to 2.9 trillion reais ($1.2 trillion) in ...