Russia Weekly CPI Accelerates in Middle of December

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By Andrey Ostroukh MOSCOW-Russian weekly consumer price inflation accelerated in the middle of December, as the ruble weakened to successive record lows against the dollar and the euro, data showed Wednesday. Consumer prices rose 0.4% in the week to Dec. ...

European Stocks Buffeted by Oil -- 3rd Update

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By Josie Cox and Tommy Stubbington European markets endured another turbulent session Wednesday, buffeted by a fresh slump and then a sudden and ferocious recovery in the price of oil. Brent crude, which is still down almost 40% so far ...

Nigeria's Currency at Record Low--Update

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By Josie Cox Nigeria's currency slumped to an all-time low against the U.S. dollar Wednesday, pummeled by the tumbling price of oil, rendering the central bank's staunch efforts to stem the decline ineffective. The dollar rose as high as 187 ...

New Zealand 3Q Adjusted GDP +1.0% Vs 2Q; Market Expected +0.7%

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By Rebecca Howard WELLINGTON, New Zealand--New Zealand's economy continued to expand in the third quarter, largely driven by agriculture and mining. The gross domestic product rose 1.0% on the quarter in the three months to Sept. 30, Statistics New Zealand ...

Yellen Says Oil Price Decline is Good for U.S. Economy

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

WASHINGTON--The global decline in oil prices is good for the U.S. economy, Federal Reserve Chairwoman Janet Yellen said Wednesday. Fed officials believe "that the decline we have seen in oil prices is likely to be, on net, a positive" for ...

Correction to MBA Mortgage Survey Headlines on Dec. 10

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

The MBA Mortgage Survey headlines, published at 7 a.m. on Dec. 10, misstated the week-ended date as Dec. 9. The correct week-ended date is Dec. 5. (END) Dow Jones Newswires December 17, 2014 13:04 ET (18:04 GMT) Copyright (c) 2014 ...

Southeast Asia Markets Living Dangerously -- Barron's Asia

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By Wayne Arnold It may seem like Southeast Asia has been sucked into the inky, black depths of oil's downward spiral. But the reality is that the turmoil that has gripped the regin's markets this week has more to do ...

Markets Take Wild Ride on Ruble, Oil

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By Alexandra Scaggs Broad swings rattled global trading on Tuesday, as the fallout from the oil-price collapse and the Russian ruble's plunge whipsawed markets and sent U.S. stocks to their third consecutive decline. A volatile session began with stock markets ...

Senate Votes to Extend Temporary Tax Breaks to End of 2014

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By John D. McKinnon WASHINGTON--The Senate voted to extend a raft of temporary tax breaks through the rest of 2014 on Tuesday, ending a protracted struggle that foreshadows even more difficult tax-code debates next year. The vote was 76-16 to ...

Oil Price Drop to Weigh On GE 2015 Earnings -- Update

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By Ted Mann General Electric Co. warned Tuesday its profits next year could be hurt by the plunge in oil prices, a new hurdle for CEO Jeff Immelt in his efforts to wring more growth out of the conglomerate's industrial ...

MAS Survey Predicts Lower Singapore Growth

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

SINGAPORE--External economists surveyed by Singapore's central bank predict the economy will grow significantly slower than previously estimated and inflation to be more benign. Singapore's economy is expected to grow 2.3% year-on-year in the October-to-December quarter, according to the median estimate ...

OMV Petrom, Hunt Oil Discover New Oil, Gas Field in Romania

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By Nicole Lundeen VIENNA--Austrian oil and gas company OMV AG's (OMV.VI) Romanian subsidiary, OMV Petrom, and Hunt Oil Co. of Romania have discovered a new oil and gas field in Romania, OMV said Wednesday. The field, located 7 to 12 ...

Ruble Volatile in Early Trade -- 3rd Update

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By Andrey Ostroukh MOSCOW--The ruble was volatile in morning trading Wednesday despite the Russian Finance Ministry saying the beleaguered currency was "extremely undervalued" as it announced plans to start selling its excess foreign-exchange holdings. The currency dropped as much as ...

Europe's Deflation Struggle Intensifies

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

Europe's struggle to avoid a slide into deflation suffered a setback in November, as consumer prices across the European Union's 28 members rose at the slowest annual pace in five years. The bloc's statistics agency on Wednesday confirmed that consumer ...

World Bank Sees Malaysia Economic Growth Slowing to 4.7% in 2015

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By Jason Ng KUALA LUMPUR, Malaysia--Malaysia's economic growth will likely decelerate to 4.7% in 2015 and a further decline in oil prices poses "significant" risks, the World Bank said Wednesday. "Investment in oil and gas will slow and private consumption ...

U.S. Government Bonds Rebound on CPI News

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By Min Zeng Treasury bonds rebounded from earlier price losses on Wednesday as buyers stepped in after a report showed U.S. inflation posted the biggest monthly decline since the financial crisis. The report came as Federal Reserve officials are holding ...

U.S. Stock Futures Higher as Investors Await Word From Fed

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By Saumya Vaishampayan U.S. stock futures advanced Wednesday after three consecutive sessions of losses, as investors awaited news from the Federal Reserve's last policy meeting of the year later in the day. Dow Jones Industrial Average futures gained 69 points, ...

U.S. Stock Futures Higher as Investors Await Word From Fed

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By Saumya Vaishampayan U.S. stock futures advanced Wednesday after three consecutive sessions of losses, as investors awaited news from the Federal Reserve's last policy meeting of the year later in the day. Dow Jones Industrial Average futures gained 69 points, ...

Polish Industrial Output Slows Further In November

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By Patryk Wasilewski WARSAW--Poland's industrial output growth rose less than expected in November in a slowing which continued for a second consecutive month. Output rose by an annual rate of 0.3% in November after a 1.6% rise in October, Poland's ...

Obama: Cuba, U.S. Not Served by Ongoing Embargo -- 4th Update

TODAY: March 2, 2015 PUB DATE: Dec. 17, 2014

By Colleen McCain Nelson, José de Córdoba and Felicia Schwartz WASHINGTON--President Barack Obama said Wednesday that the U.S. would end what he called an outdated approach to Cuba, beginning to normalize relations and establishing diplomatic ties after five decades of ...