Detente Scrambles Political Calculus in Latin America

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

The detente between the U.S. and Cuba after nearly 54 years of mutual hostility has the potential to redraw political and economic alliances across the hemisphere that have endured since the Cold War, government officials, diplomats and scholars say. "We ...

European Stocks Climb Higher - Update

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Josie Cox European stocks continued to rally in early trading Friday, mirroring a sharp surge on Wall Street Thursday, spurred by the U.S. Federal Reserve's pledge to adopt a "patient" approach when raising interest rates in 2015. The Stoxx ...

Dollar Higher Against Yen on Diverging Monetary Policy

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Hiroyuki Kachi The dollar was higher against the yen in Asian trade Friday, tracking overnight strength driven by the Federal Reserve's latest signals on monetary tightening that again showed a stark contrast with the Bank of Japan's policy stance. ...

Thai Union Frozen Products to Buy Bumble Bee Seafoods

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

Thai Union Frozen Products PCL (TUF.TH), whose brands include Chicken of the Sea, has agreed to purchase Bumble Bee Seafoods from private-equity firm Lion Capital for $1.51 billion. Bumble Bee has annual sales of more than $1 billion and its ...

China Raises 2013 GDP Estimate by 3.4%

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

BEIJING-China raised its estimate of its 2013 economic output by 3.4% based on its latest survey of the economy, the National Bureau of Statistics said on Friday. The statistics bureau said China's gross domestic product in 2013 was 58.80 trillion ...

French Dec Business Sentiment 99 Vs 99 in Nov

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Stacy Meichtry PARIS--French business confidence in manufacturing was stable in December, French statistics agency Insee said Friday. The confidence reading in December was 99, unchanged from November, Insee said. Business leaders said their foreign order books were stronger while ...

Oil Rout Spreads Across Markets

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Christopher Whittall and Tommy Stubbington This month's big fall in the price of oil should be good news for much of the world's economy. But so far markets have been telling a different story. The MSCI Europe index has ...

UK Public Finances Get Boost From Forex Fines--Update

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Jon Sindreu and Jason Douglas LONDON--Fines paid by banks to resolve allegations of manipulating the foreign-exchange market provided a boost to U.K. public finances in November, but closing the budget deficit in time to meet the government's forecasts still ...

Thai Union Frozen Products to Buy Bumble Bee Tuna -- Update

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Nopparat Chaichalearmmongkol in Bangkok and Josh Beckerman in New York BANGKOK-- BANGKOK-- Thai Union Frozen Products PCL, one of the world's largest seafood companies, said Friday it is acquiring U.S.-based Bumble Bee Seafoods LLC for $1.51 billion. TUF said ...

Hong Kong Doesn't Find Evidence of Forex Rigging

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

HONG KONG--Hong Kong's de facto central bank on Friday said it found no evidence of collusion among banks in rigging benchmarks in the $5.3-trillion-a-day foreign-exchange market. The Hong Kong Monetary Authority, which carried out the probe as part of a ...

Canada Inflation Slows as Gasoline Prices Decline

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

November Inflation Report =-----------------------------------------=--=--=--=--=--== Key Numbers Nov. Oct. ! Consensus: ! Core Inflation y/y +2.1% +2.3% !Core: +2.5% y/y! Core Inflation m/m -0.2% +0.3% !Headline: +2.2%! All-items CPI y/y +2.0% +2.4% ! ! All-items CPI m/m -0.4% +0.1% !Actual: ! ...

Eurozone's Current Account Surplus Narrowed in October

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

FRANKFURT--The eurozone's current account surplus narrowed in October from an upwardly revised surplus in September, as the surplus on both goods and services shrank, data from the European Central Bank showed Friday. The current account balance, a broad measure of ...

Oil Price Fall Sees Eni Selloff Put On Hold

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Eric Sylvers Another casualty of oil's collapse in recent months: Italy's plans to make a dent in its national debt by selling about 4.5% of oil and gas company Eni SpA. With Brent crude, the global oil benchmark, down ...

Tuesday Brings a Stocking Full of Data -- Data Week Ahead

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Kathleen Madigan The economic reports are front-loaded next week because the U.S. government and financial markets will close Thursday to observe Christmas. Tuesday will bring a stocking full of data. The Commerce Department will be particularly busy, as it ...

U.K. Police Arrest Man in Forex Probe

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

British police arrested a man Friday morning at his suburban home east of London in connection with the government's probe into rigging of the foreign-exchange markets, according to a person familiar with the matter. It was the first arrest known ...

Asian Shares Rise on Fed Stance

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

Stocks in Japan and Australia made gains for a second day on Friday, as investor confidence continued to be bolstered by expectations the U.S. is in no rush to raise interest rates. The Nikkei Stock Average was up 1.8% while ...

APM Terminals Gets All-Clear for $1 Billion Costa Rica Port

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Costas Paris LONDON--APM Terminals, a unit of Danish shipping and oil conglomerate A.P. Moller-Maersk A/S and one of the world's biggest port operators, has been given approval to build a new container terminal in Costa Rica after a long ...

ASIA MARKETS: Asian Shares Rise On Fed Stance

TODAY: Dec. 20, 2014 PUB DATE: Dec. 19, 2014

By Chao Deng The yen weakens against the dollar Stocks in Japan and Australia led Asia higher for a second day on Friday, as investor confidence continued to be bolstered by expectations the U.S. is in no rush to raise ...