Hungary Cuts Interest Rate to Record Low

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

BUDAPEST--Hungary cut its main interest rate to a fresh record low on Tuesday as part of its unusually long-easing campaign to boost growth while inflation remains tame. The National Bank of Hungary cut its key rate to 2.50% from ...

Oil Futures Gain as Ukraine Uncertainty Continues

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

By Nicole Friedman NEW YORK--Global oil prices regained ground Tuesday after falling to two-week lows as sanctions imposed upon Russian officials failed to erase concerns that tensions between Russia and the West could escalate. Brent crude on ICE Futures Europe ...

South Korea's Won Touches Six-Year High Against The Dollar

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

By Kwanwoo Jun South Korea's won touched a six-year high against the dollar Tuesday, as the country reported a strong export performance in March. Asia's fourth-largest economy has in the past been chided by the International Monetary Fund ...

New Zealand Opposition Pitches Radical Policy Tool

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

By Lucy Craymer WELLINGTON, New Zealand--New Zealand's opposition Labour party has proposed using a new monetary policy tool to aid the economy if it is elected in September. Labour plans to give the country's central bank the power ...

Canada Weekly Earnings Rise 2.3% in February from Year Ago

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

By Judy McKinnon Average weekly earnings of non-farm payroll employees in Canada were little changed in February from the previous month at 924.83 Canadian dollars ($838.85), and up 2.3% on an annual basis, Statistics Canada said Tuesday ...

Oil Rebounds after Falls, Amid Counteracting Factors

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

By Cassie Werber LONDON--Crude was Tuesday recovering some of the ground lost in the previous session, as prices continue to be pressured by opposing factors. Brent crude for June delivery was up 66 cents at $108.78 on ICE Futures ...

Lending to Euro-Zone Firms Drops Again

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

FRANKFURT--Lending by euro-zone banks to the private sector declined again in March, suggesting the recovery in the currency bloc will remain sluggish. The European Central Bank's credit and money-supply figures could put pressure on the central bank to take ...

S&P Lowers Outlook on 15 European Banks to Negative

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

By John Kell Standard & Poor's Ratings Services issued broad actions on dozens of European banks, including a lowered outlook on 15 of those financial institutions, as the ratings firm sees likely diminished government support. In a report issued Tuesday ...

BOE Carney: "Substantial" Rise In Wages Needed

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

By Paul Hannon LONDON--"Substantial" increases in U.K. wages will be needed to ensure the economic recovery that began last year is sustained, Bank of England Governor Mark Carney said in an interview published by the Bristol Post newspaper ...

CURRENCIES: Dollar Up Vs. Euro After Soft German Inflation

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

By Saumya Vaishampayan, MarketWatch NEW YORK (MarketWatch) -- The U.S. dollar rose against the euro Tuesday after a softer-than-expected reading on German inflation added to expectations that the European Central Bank could be forced to ease monetary policy further to ...

Abbott Laboratories Statement re Current Report on Form 8-K

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

TIDMABT RNS Number : 7145F Abbott Laboratories 28 April 2014 Notification to RNS Company: Abbott Laboratories TIDM: ABT Headline: Abbott Laboratories Files Form 8-K Abbott Laboratories (the "Company") 28 April 2014 Abbott Laboratories Files Form 8-K The Company informs its shareholders ...

U.K. Economy Expands 0.8% in First Quarter

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

By Jason Douglas and Ilona Billington LONDON--Economic growth in the U.K. accelerated in the first quarter of 2014, official data showed Tuesday, a sign that a recovery that began around the middle of last year appears to be gaining ...

Singapore Expects Labor Costs to Weigh on Growth

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

SINGAPORE--Rising labor costs will keep weighing on Singapore's economic growth this year even as the city-state benefits from expansion of its domestic-oriented industries and stronger demand from developed countries, the central bank said Tuesday. "The more favourable external environment ...

Stronger Earnings Give Equity Markets a Lift--Update

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

By Josie Cox and Tommy Stubbington A flurry of better-than-expected earnings boosted European equity markets Tuesday. -- Live: Markets Pulse Stream The Stoxx 600 Europe was around 0.5% higher midmorning. With the majority of earnings reports so far this season ...

Italy Manufacturing Business Confidence Rises in April

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

By Giada Zampano ROME--Italian manufacturing business confidence rose again in April thanks to an improved orders outlook, national statistics institute Istat said Tuesday. Confidence among Italy's manufacturers rose to 99.9 in April--its highest level since June 2011--from 99 ...

Russia Says In No Hurry to Retaliate Against Sanctions

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

By Andrey Ostroukh MOSCOW--Russia won't rush to retaliate against sanctions imposed upon it in the wake of the Ukraine crisis, the foreign ministry said Tuesday. The ministry called sanctions an attempt to revive the "iron curtain" from the 1940s ...

Oil Futures Firm on Concerns of Further Sanctions on Russia

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

By Nicole Friedman NEW YORK--Oil futures gained Tuesday on ongoing concerns that tensions between Russia and the West could lead to stronger sanctions that would crimp exports from Russia, the No. 2 oil-exporting nation. Light, sweet crude for June delivery ...

Oil Futures Firm on Concerns of Further Sanctions on Russia

TODAY: Aug. 2, 2014 PUB DATE: April 29, 2014

(Adds API data and price reaction in ninth and 10th paragraphs.) By Nicole Friedman NEW YORK--Oil futures gained Tuesday on ongoing concerns that tensions between Russia and the West could lead to stronger sanctions that would crimp exports from Russia ...