Fed's Bullard: Fed Is 'Much Closer' To Its Policy Goals

TODAY: Sept. 1, 2014 PUB DATE: June 9, 2014

By Michael S. Derby

PALM BEACH, Fla.--While he stopped short of calling for a change in policy, Federal Reserve Bank of St. Louis President James Bullard said Monday the time is fast approaching when the central bank may need ...

Mexico's Inflation Steady in May as Electricity Rates Drop

TODAY: Sept. 1, 2014 PUB DATE: June 9, 2014

By Anthony Harrup

MEXICO CITY--Mexican inflation held steady in May as a seasonal drop in electricity rates and lower fresh fruit and vegetable prices were partially offset by higher gasoline and other food costs.

The consumer price index fell 0 ...

Greek Government Appoints New Finance Minister in Cabinet Reshuffle

TODAY: Sept. 1, 2014 PUB DATE: June 9, 2014

By Nektaria Stamouli

ATHENS--Greece's coalition government announced a sweeping cabinet reshuffle Monday in an attempt boost its popularity after losing ground in last month's European Parliament elections.

Among the changes, economist Gikas Hardouvelis was appointed finance minister, replacing ...

Euro Falls Further as Market Digests ECB Stimulus Measures

TODAY: Sept. 1, 2014 PUB DATE: June 9, 2014

By James Ramage

The euro fell Monday, continuing a slide as the European Central Bank's latest efforts to stimulate the economy and fight low inflation made the currency less attractive to investors.

The common currency lost 0.4% against ...

BOE's McCafferty: Time for Rate Rise is Approaching

TODAY: Sept. 1, 2014 PUB DATE: June 9, 2014

By Jason Douglas

LONDON--The U.K. economy still has scope to expand further before interest rates will need to rise but the timing of the first increase is drawing nearer, one of the Bank of England's nine rate-setters said ...

China Exports Strengthen With 7% Climb

TODAY: Sept. 1, 2014 PUB DATE: June 9, 2014

China posted solid export gains in May, pointing to improving global demand for the nation's goods and providing a bright spot in the outlook for the world's second largest economy. But surprisingly weak imports in the same month ...

Oil Prices Rise On Macroeconomic Buoyancy

TODAY: Sept. 1, 2014 PUB DATE: June 9, 2014

By Cassie Werber LONDON--Oil prices are up in London Monday, buoyed by positive economic data that could lead to higher demand. Brent crude for July delivery was up 0.5% at $109.16 a barrel on ICE Futures Europe. U ...

Samsung Considers $1 Billion Vietnam Investment

TODAY: Sept. 1, 2014 PUB DATE: June 9, 2014

HANOI--South Korea's Samsung Electronics Co. is considering investing more than $1 billion in a third consumer electronics factory in Vietnam, an increasingly important manufacturing base for electronics companies. The new factory will likely be built in a high-tech park ...

CapitaMalls Asia Suspended Ahead of Delisting

TODAY: Sept. 1, 2014 PUB DATE: June 9, 2014

By Chun Han Wong

SINGAPORE--Trading on CapitaMalls Asia Ltd.'s shares was suspended late Monday as its parent CapitaLand Ltd. completed its buyout of the shopping-mall developer and prepared to delist the stock.

The suspension came into effect because the ...

Asian Morning Briefing: U.S. Stocks Edge Higher -2-

TODAY: Sept. 1, 2014 PUB DATE: June 9, 2014

Netflix's shareholders voted against a nonbinding resolution to split up the company's chief executive and chairman positions, a move some investors and proxy-advisory firms have pushed to improve corporate governance.

Bullard Says Fed May Raise Rates Sooner Than ...

Western Canadians Show Strong Appetite for Debt: Report

TODAY: Sept. 1, 2014 PUB DATE: June 9, 2014

By Rita Trichur

Canadians are racking up more debt, with western Canadians showing the strongest appetite for carrying bigger debt loads.

Credit bureau Equifax Canada Monday released new data that found overall consumer demand for new credit increased by 2 ...

Japan GDP Revised Up on Capital Spending Surge

TODAY: Sept. 1, 2014 PUB DATE: June 9, 2014

TOKYO--The Japanese government on Monday raised its economic growth reading for the first quarter, saying that capital spending was sharply higher than initially thought. Gross domestic product increased at an annualized rate of 6.7% in the January to March ...

Europe Stocks Tick Higher By Josie Cox

TODAY: Sept. 1, 2014 PUB DATE: June 9, 2014

European stocks rose tentatively early Monday, tracking gains in the U.S. and Asia where strong economic data buoyed share prices but weighed on the dollar. On Friday, figures showed that the U.S. has seen one of the best ...

CapitaMalls Asia Suspended Ahead of Delisting

TODAY: Sept. 1, 2014 PUB DATE: June 9, 2014

By Chun Han Wong

SINGAPORE--Trading on CapitaMalls Asia Ltd.'s (JS8.SG) shares was suspended late Monday as its parent CapitaLand Ltd. (C31.SG) completed its buyout of the shopping-mall developer and prepared to delist the stock.

The suspension came ...

Canada Housing Starts At 198,324 Annual Rate In May

TODAY: Sept. 1, 2014 PUB DATE: June 9, 2014

By Carolyn King

Canadian housing starts edged up 0.8% in May from April to an annual rate of 198,324 units, Canada Mortgage and Housing Corp. said Monday.

The results handily beat expectations, which were for annualized housing starts ...