More Russian Banks Face Problems With Visa, Mastercard

TODAY: July 22, 2014 PUB DATE: March 21, 2014

MOSCOW--A number of further Russian banks faced problems with international payment systems Visa Inc. (V) and Mastercard Inc. (MA) Friday, as the U.S. placed sanctions on Bank Rossiya in connection with the annexation of Crimea. Visa and Mastercard said ...

CURRENCIES: Dollar Falls, But Eyes Weekly Rise Post-Fed

TODAY: July 22, 2014 PUB DATE: March 21, 2014

By Ben Eisen, MarketWatch NEW YORK (MarketWatch) -- The U.S. dollar edged lower against the Japanese yen and euro Friday, but remained on track for weekly gains as traders reevaluated a Federal Reserve meeting that left markets anticipating earlier policy ...

Credit Agricole's CEO: No Plan to Grow Through Acquisitions

TODAY: July 22, 2014 PUB DATE: March 20, 2014

By Inti Landauro PARIS--Credit Agricole (ACA.FR) plans to grow in Europe by expanding its existing operations not through acquisitions, its Chief Executive Jean-Paul Chifflet said in a radio interview Thursday, as the French lender unveiled a two-year plan to ...

Oil Futures Weaken as Traders Assess Supplies

TODAY: July 22, 2014 PUB DATE: March 20, 2014

--U.S. crude supplies increased for ninth straight week last week --Fresh sanctions against Russia fuel demand concerns --U.S. crude down 0.9% at $99.43/barrel; Brent up 0.6%, at $106.45/barrel By Nicole Friedman NEW ...

Treasurys Prices Drift Higher as Fed Dust Settles

TODAY: July 22, 2014 PUB DATE: March 20, 2014

By Cynthia Lin U.S. Treasurys clawed back to gains Thursday as bargain hunters took advantage of last session's price drop, showing not all investors have been scared away by talk of higher rates. Midday in New York, benchmark ...

OECD Says Developed Country Wage Growth Picked Up

TODAY: July 22, 2014 PUB DATE: March 20, 2014

LONDON--Pay in developed economies grew at a slightly faster pace during the fourth quarter of 2013, but at a rate that indicates a key source of inflationary pressure remains weak, according to figures released by the Organization for Economic Cooperation ...

Men's Wearhouse Extends Tender Offer for Jos. A. Bank

TODAY: July 22, 2014 PUB DATE: March 20, 2014

Men's Wearhouse Inc. again extended its tender offer for rival Jos. A. Bank Clothiers Inc., this time by 10 business days, as the men's clothing retailer presses ahead with its planned $1.8 billion takeover deal. The tender ...

Precision Castparts to Buy Aerospace Dynamics for $625 Million

TODAY: July 22, 2014 PUB DATE: March 20, 2014

By Ben Fox Rubin Precision Castparts Corp. (PCP) agreed to buy Aerospace Dynamics International from aerospace company The Marvin Group for $625 million, expanding its airplane assembly and machining capabilities. ADI, an aerospace supplier with a range of high-speed machining ...

Russia Temporarily Halted Ukraine Imports

TODAY: July 22, 2014 PUB DATE: March 20, 2014

KIEV--Russia halted all imports from Ukraine for about 12 hours early Thursday, raising fears of a full-blown embargo that could further cripple the country's moribund economy, officials said. Russian never fully explained what began or ended the disruptions, which ...

U.S. Existing-Home Sales Edge Down

TODAY: July 22, 2014 PUB DATE: March 20, 2014

WASHINGTON--A broad measure of home sales fell slightly in February, the latest sign the housing recovery is being undermined by unusually cold weather and worsening affordability. Sales of previously owned homes fell 0.4% in February from January to a ...

Russia Nears Legal Framework for Annexation This Week

TODAY: July 22, 2014 PUB DATE: March 20, 2014

MOSCOW-Russia's foreign minister said Thursday that the legal framework for Russia to formally annex the breakaway Ukrainian region of Crimea should be completed by the end of this week. Sergei Lavrov said that practical steps were being taken to ...

U.S. Targets Part-Owner of Gunvor in Fresh Round of Russian Sanctions

TODAY: July 22, 2014 PUB DATE: March 20, 2014

By Sarah Kent and Selina Williams LONDON--In a round of fresh economic sanctions against Russia, Washington targeted the part-owner of one of the world's largest commodities trading firms, saying Russian President Vladimir Putin was an investor in the outfit ...

IMF Makes Progress in Ukraine Bailout Talks

TODAY: July 22, 2014 PUB DATE: March 20, 2014

WASHINGTON--The International Monetary Fund Thursday said officials have made significant progress in bailout talks with the Ukrainian government, but need a few more days to wrap up negotiations. Nikolay Gueorguiev, IMF's lead negotiator in Ukraine, said cooperation with Ukrainian ...

Press Release: Philadelphia Fed's Survey Shows -2-

TODAY: July 22, 2014 PUB DATE: March 20, 2014

------------- --------- -------- ------ -------- --------- --------- -------- ------ -------- --------- Prices Paid 14.2 19.0 75.0 5.1 13.9 18.2 33.4 60.0 4.0 29.4 ------------- --------- -------- ------ -------- --------- --------- -------- ------ -------- --------- Prices Received 7.6 13.0 77.2 8.7 4.3 16.3 23.5 61.6 ...

Bouygues to Improve Offer for Vivendi's SFR

TODAY: July 22, 2014 PUB DATE: March 20, 2014

PARIS-- Bouygues SA is set to imminently improve its offer for Vivendi SA's French telecommunications provider, according to a person briefed on the situation, reopening a bidding war that had appeared to be closed when Vivendi selected a rival ...

Foreign Central Banks Boost U.S. Treasury Holdings

TODAY: July 22, 2014 PUB DATE: March 20, 2014

By Min Zeng Foreign central banks increased their holdings of U.S. government bonds at the Federal Reserve this week, partly reversing an earlier decline that caused a stir in the Treasury market. Treasury securities held in custody for foreign ...

Taiwan Export Orders Rebound in February

TODAY: July 22, 2014 PUB DATE: March 20, 2014

By Fanny Liu TAIPEI--Taiwan's export orders grew more quickly in February, as overseas demand for mobile devices and components continued to pick up. China's uneven economic growth and the country's increasing reliance on locally produced goods and ...

Swiss SNB Keeps Minimum Exchange Rate at CHF1.20 Per Euro

TODAY: July 22, 2014 PUB DATE: March 20, 2014

By Neil MacLucas ZURICH--The Swiss National Bank on Thursday repeated its pledge to intervene in currency markets to prevent the Swiss franc from strengthening beyond 1.20 per euro, saying the floor is still the "right tool" to curb upward ...