Repsol 2Q Profit Jumps on Capital Gains

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Ilan Brat MADRID--Spanish oil major Repsol SA (REP.MC) said Thursday its second-quarter profit increased 95% on the year, driven by capital gains from the sale of stock in its former Argentinian unit and bonds the company received in compensation ...

UK Retail Sales Stronger Than Expected

TODAY: July 24, 2014 PUB DATE: July 24, 2014

LONDON--U.K. retailers sold more than expected in June and produced the strongest increase in sales in a calendar quarter for almost 10 years, official data showed on Thursday. U.K. retail sales volumes rose 0.1% from May and were 3.6% higher ...

OCBC Increases Stake in Wing Hang Bank to 67.8%

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Prudence Ho HONG KONG--Singapore's Oversea-Chinese Banking Corp. (O39.SG) has increased its stake in Wing Hang Bank Ltd. (0302.HK) to 67.8%, ahead of the close of its takeover offer for the Hong Kong lender next Tuesday. OCBC had a stake ...

Australia Tugboat Union Votes for Iron-Ore Port Stoppages

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Stephen Bell PERTH, Australia--Tugboat workers at Australia's biggest iron-ore port have voted to take industrial action, including work stoppages, raising the prospect of disruptions to exports of the steelmaking ingredient by BHP Billiton Ltd. (BHP) and several other mining ...

Dollar Flat Against Yen Amid Lack of Fresh Cues

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Hiroyuki Kachi The dollar was almost flat against the yen in Asian trade Thursday, with investors reluctant to take strong positions given a lack of fresh cues. As of 0450 GMT, the U.S. dollar inched down to Y101.45 from ...

Hunt for Missing IRS Emails Resumes

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By John D. McKinnon WASHINGTON--The inspector general for the Internal Revenue Service is reviewing some agency computer backup tapes to find out whether missing emails are still recoverable, Commissioner John Koskinen said at a congressional hearing Wednesday. Mr. Koskinen's comments ...

South Korea GDP Expands 0.6% in 2nd Quarter

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Kwanwoo Jun SEOUL--South Korea's economic growth slowed in the second quarter to its weakest in more than a year on sluggish consumer spending in Asia's fourth-largest economy. Gross domestic product rose a seasonally adjusted 0.6% in the April-June period ...

HSBC China Flash Manufacturing PMI Rises to 52.0 in July -- Update

TODAY: July 24, 2014 PUB DATE: July 24, 2014

BEIJING--A preliminary gauge of Chinese manufacturing activity rose to an 18-month high in July, suggesting Beijing's efforts to stimulate growth are paying off. The preliminary HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, rose to 52.0, ...

French Private-Sector Activity Declines -- Update

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Paul Hannon French private-sector activity declined for a third straight month in July, but at a slower pace as the services sector returned to growth while manufacturing slipped deeper into contraction. By contrast, Germany started the third quarter on ...

French Private-Sector Activity Declines in July

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Paul Hannon French private-sector activity declined for a third straight month in July, but at a slower pace as the services sector returned to growth while manufacturing slipped deeper into contraction. Data firm Markit on Thursday said its composite ...

European Central Bank Announces Data Theft

TODAY: July 24, 2014 PUB DATE: July 24, 2014

FRANKFURT--The European Central Bank said Thursday that email addresses and contact data left by people registering for events at the central bank has been stolen. "There had been a breach of the security protecting a database serving its public website. ...

MARKET SNAPSHOT: U.S. Stocks: Futures Up With Eyes On Ford, Facebook

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- Stock futures rose ahead of earnings from Ford Motor Co. and Caterpillar Inc. on Thursday, with investors inspired after Facebook busted through Wall Street's expectations. Data reports return to the calendar, with a ...

ASIA MARKETS: Hong Kong Stocks Climb To Three-year High

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Laura He, MarketWatch HONG KONG (MarketWatch) -- Hong Kong stocks hit their best close in more than three years Thursday, after a preliminary reading of Chinese manufacturing sector rose to an 18-month high, adding to signs that the economy ...

HSBC China Flash Manufacturing PMI Rises to 52.0 in July -- 2nd Update

TODAY: July 24, 2014 PUB DATE: July 24, 2014

BEIJING--A preliminary gauge of Chinese manufacturing activity reached an 18-month high in July, in a sign that Beijing's efforts to stimulate the economy are having an impact. The HSBC preliminary, or flash, manufacturing Purchasing Managers' Index rose to 52 in ...

Hunt for Missing IRS Emails Resumes

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By John D. McKinnon WASHINGTON--The inspector general for the Internal Revenue Service is reviewing some agency computer backup tapes to find out whether missing emails are still recoverable, Commissioner John Koskinen said at a congressional hearing Wednesday. Mr. Koskinen's comments ...

Singapore Central Bank Says Early to Ease Property Cooling

TODAY: July 24, 2014 PUB DATE: July 24, 2014

SINGAPORE--Singapore's central bank said Thursday that recent property-sector cooling steps were working but it was too early to ease those measures as real-estate prices remained at elevated levels. "Risk factors have not changed," Monetary Authority Of Singapore Managing Director Ravi ...

SNB's Jordan: Euro-Franc Floor Still Key Policy Tool - Report

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Neil MacLucas ZURICH--The Swiss National Bank's minimum exchange rate for the euro/franc remains its central monetary policy instrument for the foreseeable future, the central bank's President Thomas Jordan said in an interview released Thursday. The Swiss central bank imposed ...