GOP Split on Obama Request for More Defense Spending--Update

TODAY: March 28, 2015 PUB DATE: Jan. 29, 2015

By Kristina Peterson and Julian E. Barnes WASHINGTON--President Barack Obama will send Congress a fiscal year 2016 budget next week proposing both military and domestic spending at levels surpassing the limits lawmakers agreed to in a hard-fought 2011 deal. After ...

Singapore Homeowners Could Face Higher Mortgages

TODAY: March 28, 2015 PUB DATE: Jan. 29, 2015

By Jake Maxwell Watts A sharp jump in Singapore's money market rates is threatening to make mortgages more expensive, a potential drag on an economy that is already suffering from a severe slowdown and a property price slump. The benchmark ...

Crude-Oil Futures Volatile -- Update

TODAY: March 28, 2015 PUB DATE: Jan. 29, 2015

By Georgi Kantchev LONDON--Oil futures were volatile on Thursday with U.S. oil prices hovering near six-year lows as the global oil glut that has pummeled prices since midsummer showed no signs of abating. The U.S. reported record high oil supplies ...

Aussie Dollar Hit by Rate Cut Talk

TODAY: March 28, 2015 PUB DATE: Jan. 29, 2015

SYDNEY--The Australian dollar fell to a 5.5-year low Thursday amid growing speculation the country's central bank would cut interest rates in coming months. A rate cut by the Reserve Bank of Australia would see the central bank join a growing ...

China to Crack Down on E-commerce Fakes

TODAY: March 28, 2015 PUB DATE: Jan. 29, 2015

BEIJING--China's Ministry of Commerce said Thursday it would step up its efforts to prevent the sale of counterfeit goods through the country's burgeoning e-commerce market. "The sale of fake goods at some online stores is rampant," ministry spokesman Shen Danyang ...

German Unemployment Fell

TODAY: March 28, 2015 PUB DATE: Jan. 29, 2015

FRANKFURT--German unemployment fell in January in line with expectations, the country's labor office said Thursday, suggesting that consumer spending should bolster activity in Europe's largest economy. The number of unemployed fell by 9,000 in January after seasonal variations in the ...

South Africa's Central Bank Keeps Rates on Hold--Update

TODAY: March 28, 2015 PUB DATE: Jan. 29, 2015

By Patrick McGroarty PRETORIA, South Africa--South Africa's central bank kept its key interest rate on hold Thursday after falling oil prices drove down inflation in the oil-importing nation. Falling fuel prices have become the latest brake on the bank's pledge ...

Abbott Laboratories Profit Grows 54%

TODAY: March 28, 2015 PUB DATE: Jan. 29, 2015

By Tess Stynes Abbott Laboratories said its fourth-quarter earnings soared as the company posted stronger revenue in its nutrition and diagnostics businesses, although currency fluctuations weighed on sales growth. Abbott has been realigning its business in a series of deals. ...

Russia Scales Down 2018 Soccer World Cup Budget

TODAY: March 28, 2015 PUB DATE: Jan. 29, 2015

By Andrey Ostroukh MOSCOW--Russia, hit by economic crisis and Western sanctions, is scaling down the budget for the World Cup 2018, the country's Sports Minister said Thursday. As the country prepares to host the world soccer championship in 2018 the ...

German Consumer Prices Decline Sharply

TODAY: March 28, 2015 PUB DATE: Jan. 29, 2015

FRANKFURT--German consumer prices slid deep into negative territory in January on an annual basis for the first time in more than five years, underlying the need for the European Central Bank's fresh stimulus package, set to go into effect in ...

Denmark Cuts Rates Again

TODAY: March 28, 2015 PUB DATE: Jan. 29, 2015

STOCKHOLM--Denmark's central bank cut its deposit rate deeper into negative territory on Thursday as it sought to defend its long-established currency peg against a weakening euro. The central bank said it was lowering its deposit rate to minus 0.5% from ...

U.S. Oil Prices Drop Below $44

TODAY: March 28, 2015 PUB DATE: Jan. 29, 2015

By Timothy Puko and Georgi Kantchev U.S. oil prices turned lower Thursday on concerns about massive supplies. Front-month West Texas Intermediate futures traded down 65 cents, or 1.5%, to $43.80 a barrel on the New York Mercantile Exchange. Brent crude ...

GOP Split Over Expected Obama Request for More Defense Outlays

TODAY: March 28, 2015 PUB DATE: Jan. 29, 2015

By Kristina Peterson And Julian E. Barnes WASHINGTON--When President Barack Obama sends his fiscal year 2016 budget to Congress next week, Republicans are likely to reject much of it as too much government spending. But the party is torn over ...

Asian Shares Fall -- Update

TODAY: March 28, 2015 PUB DATE: Jan. 29, 2015

By Chao Deng Asia shares were mostly lower Thursday with China suffering the most, in response to fresh worries over Beijing's restrictions on lending by local brokerages. Hong Kong's Hang Seng Index fell 1.1% and Japan's Nikkei Stock Average was ...

Energy Sector Selloff Weighs Down on European Stocks--Update

TODAY: March 28, 2015 PUB DATE: Jan. 29, 2015

By Tommy Stubbington European stocks slipped Thursday, weighed down by a selloff in oil and gas shares, while Greek bonds continued to suffer in the aftermath of the weekend's election. The Stoxx Europe 600 was 0.7% lower midmorning. Shares in ...