U.S. Budget Deficit Narrows to Six-Year Low

TODAY: Dec. 20, 2014 PUB DATE: Oct. 15, 2014

WASHINGTON--The U.S. government's budget deficit narrowed in its 2014 fiscal year to its lowest level in six years as an improving economy boosted tax revenues. The annual deficit for fiscal year 2014 fell 29% to $483.35 billion, the Treasury Department ...

Ebola, Oil Slump Taking Toll on African Sovereign Bonds

TODAY: Dec. 20, 2014 PUB DATE: Oct. 15, 2014

By Ben Edwards African government bonds, much sought-after by yield-hunting investors this year, took a heavy knock Wednesday amid concerns about the Ebola outbreak and a slide in global oil prices. West Africa is leading the declines. Nigeria--the continent's largest ...

CURRENCIES: Dollar Falls To Five-week Low Against Yen

TODAY: Dec. 20, 2014 PUB DATE: Oct. 15, 2014

By Joseph Adinolfi, MarketWatch NEW YORK (MarketWatch) -- The U.S. dollar fell to a five-week low against the yen Wednesday morning, and moved lower against all of its G-10 rivals, after a slew of U.S. economic data rattled investor confidence. ...

U.S. Budget Deficit in 2014 Narrows to Lowest Level in Six Years

TODAY: Dec. 20, 2014 PUB DATE: Oct. 15, 2014

By Jonathan House WASHINGTON--The U.S. government's budget deficit narrowed in its 2014 fiscal year to its lowest level in six years as an improving economy boosted tax revenues. The annual deficit for fiscal year 2014 fell 29% to $483.35 billion, ...

Tata Steel In Talks To Sell European Long-Products Business

TODAY: Dec. 20, 2014 PUB DATE: Oct. 15, 2014

LONDON--Tata Steel Ltd. (500470.BY), Europe's second largest steelmaker, said Wednesday it has started talks to sell its European long-steel products business and affiliated distribution centers to Switzerland-based industrial commodities company Klesch Group. Tata Steel has signed aIt memorandum of understanding ...

Eurozone Fears Continue to Grip Europe's Markets -- Update

TODAY: Dec. 20, 2014 PUB DATE: Oct. 15, 2014

By Tommy Stubbington Fears about perilously low inflation and weak growth continued to grip markets on Wednesday, with European stocks taking a fresh tumble and safe-retreat German government bonds notching up another record high. Investors continued to favor safe assets ...

German Inflation Steady but Low

TODAY: Dec. 20, 2014 PUB DATE: Oct. 15, 2014

FRANKFURT--German inflation remained stable at a very low level in September, Germany's Federal Statistics Office said Wednesday, keeping the European Central Bank under pressure to add further stimulus boost the eurozone economy. The annual rate of inflation in Europe's largest ...

Bank of Korea Cuts Base Rate To Record Low Level

TODAY: Dec. 20, 2014 PUB DATE: Oct. 15, 2014

SEOUL--South Korea's central bank on Wednesday cut its base rate by a quarter percentage point to a record low of 2% as Seoul's authorities continue efforts to boost anemic economic growth. The Bank of Korea's rate cut-matching a reduction in ...

CURRENCIES: Dollar Rises Against Yen As Tokyo Stocks Gain

TODAY: Dec. 20, 2014 PUB DATE: Oct. 15, 2014

By Hiroyuki Kachi The dollar made moderate gains against the yen on Wednesday, getting a lift from a rise in Tokyo stocks in mid-afternoon. The dollar (USDJPY) was at Yen107.25 from Yen107.05 late Tuesday in New York. Earlier in the ...

MARKET SNAPSHOT: U.S. Stocks Plummet As Selling Intensifies

TODAY: Dec. 20, 2014 PUB DATE: Oct. 15, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- Selling pressure intensified on Wall Street Wednesday, as the Dow Jones Industrial Average fell more than 400 points at one point and U.S. stock benchmarks sank to multi-month lows. ...

German Inflation Steady but Still Low

TODAY: Dec. 20, 2014 PUB DATE: Oct. 15, 2014

By Emese Bartha FRANKFURT--German inflation remained stable at a very low level in September, Germany's Federal Statistics Office said Wednesday, confirming an earlier estimate and keeping the European Central Bank under pressure to add stimulus to prevent ultralow inflation from ...

France Outlines Economic Plans as EU Budget Battle Looms

TODAY: Dec. 20, 2014 PUB DATE: Oct. 15, 2014

By William Horobin PARIS--France outlined plans Wednesday for overhauling its economy, as it braces for a battle with the European Union over its budget. France's economy minister, Emmanuel Macron, presented an overview of the plans to President François Hollande and ...