Brazil Sets 2016 Inflation Target at 4.5%

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

By Rogerio Jelmayer

SAO PAULO--Brazil's government economic team set an inflation target of 4.5% for 2016, with a two-percentage-point leeway, making it the 12th successive year that it was set at this level.

The decision was made Wednesday ...

U.S. Jobless Claims Edge Down

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

WASHINGTON--New applications for unemployment benefits fell slightly last week, a sign of an improving labor market.

Initial claims for unemployment benefits decreased by 2,000 to a seasonally adjusted 312,000 in the week ended June 21, the Labor Department ...

Canada Weekly Earnings Up 3.3% In April From Year Ago

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

By Judy McKinnon

TORONTO--Average weekly earnings of Canadian non-farm payroll employees rose 0.5% on a monthly basis to 932.13 Canadian dollars ($869.36) in April, and were up 3.3% year-over-year, Statistics Canada said Thursday.

Employees worked an ...

Peru's Economic Proposals Trigger Environmental Concerns

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

By Ryan Dube

LIMA, Peru--Peru is pushing ahead with measures to shore up private investment and boost growth despite concerns the changes could weaken environmental oversight in major sectors like mining and energy.

The government, which announced the proposals earlier ...

Argentina Moves to Pay Bondholders

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

BUENOS AIRES--Argentina on Thursday made interest payments to certain bondholders in an apparent challenge to a U.S. court ruling that the country must pay a small group of litigating hedge funds at the same time it pays other investors ...

Kansas City Fed June Manufacturing Composite Index Slows to 6

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

Manufacturers in the Plains states reported slightly weaker economic conditions this month, according to a regional Federal Reserve bank report released Thursday. Once again, respondents' comments indicate a shortage of skilled workers.

The Kansas City Fed's manufacturing composite index ...

Retired IRS Official Sought Audit of Senator, GOP Lawmakers Say

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

By John D. McKinnon

House Republican lawmakers said retired Internal Revenue Service official Lois Lerner raised the possibility of auditing Sen. Charles Grassley (R., Iowa), a senior lawmaker and former chairman of the powerful Senate Finance Committee, over a group ...

Ukraine Economy Minister Warns on 2Q GDP

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

By Alexander Kolyandr

MOSCOW--Ukraine's economy may shrink further in the second quarter of the year, the country's economy minister said Thursday, and he blamed the fighting in the East of the country.

"The second quarter will not be ...

Thailand's Trade Deficit Shrinks in May

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

By Warangkana Chomchuen

BANGKOK--Thailand's trade deficit in May was $809 million compared with $1.45 billion in April, the Ministry of Commerce said Thursday.

Exports contracted again in May--falling 2.14% year over year to $19.4 billion, the ...

Det Norske Oljeselskap Agrees Asset Swap With E.ON

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

By Dominic Chopping

Norwegian oil company Det Norske Oljeselskap ASA (DETNOR.OS) said Thursday it has agreed with E.ON SE (EOAN.XE) to swap two exploration licenses plus a cash consideration for a 20% interest in license 457, containing ...

MARKET SNAPSHOT: U.S Stocks Trim Losses After Late-day Rally

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

By Anora Mahmudova, MarketWatch

NEW YORK (MarketWatch) -- The U.S. stock market staged a rebound in the afternoon session Thursday, paring most but not all of the losses by the end of the day.

A selloff in the morning after ...

CURRENCIES: Pound Back Above $1.70; Dollar Falls Vs. Yen

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

By Saumya Vaishampayan, MarketWatch

NEW YORK (MarketWatch) -- The dollar fell against the pound Thursday after the Bank of England took steps to strengthen rules on mortgage lending, and extended losses against the yen after U.S. economic data.

The Bank ...

Mexican Finance Ministry Sticks to 2.7% Growth Estimate

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

By Amy Guthrie

MEXICO CITY--Mexican Finance Minister Luis Videgaray said Thursday that his ministry won't consider altering its 2.7% full-year economic growth forecast until at least August.

While noting that economic data since April shows improvements in Mexican ...

U.S. Jobless Claims Edge Down in Latest Week -- Update

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

By Eric Morath

WASHINGTON--New applications for unemployment benefits fell slightly last week, a sign of an improving labor market.

Initial claims for unemployment benefits fell by 2,000 to a seasonally adjusted 312,000 in the week ended June 21 ...

Brazil's Central Bank Says Inflation Likely to Moderate in Near Future

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

By Paulo Trevisani

BRASILIA--Brazil's inflation trends are likely to moderate in the near future, depending on increased confidence by businesses and families, the country's central bank said in its quarterly inflation report released Thursday.

The bank said that ...

Oil Futures Mixed, Brent Slightly Below $114/bbl

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

By Eric Yep

Crude-oil futures were mixed in Asian trade Thursday, with the two global oil benchmarks diverging and Brent trading slightly in the negative.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded ...

Industrial Gases Company BOC to Build New Zealand Plant

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

By Rebecca Howard

WELLINGTON, New Zealand--Industrial gases company BOC, part of the Linde Group (LIN.XE), will build a plant at New Zealand Refining Co. Ltd.'s (NZR.NZ) refinery on New Zealand's north island to further reduce carbon ...

Moody's Warns on Australia House Prices

TODAY: Sept. 1, 2014 PUB DATE: June 26, 2014

By James Glynn

SYDNEY--Australian house prices--which have risen sharply fueled by record-low interest rates--may face a downward correction if the recent pace of growth continues, Moody's Investors Service said.

In a review of the resource-rich economy, the credit-rating firm ...