Russia Consumer Inflation Slows Slightly in July

TODAY: Nov. 1, 2014 PUB DATE: Aug. 4, 2014

By Andrey Ostroukh MOSCOW-Russian consumer inflation slowed slightly in July although remained far above the central bank's target rage, data from the Federal Statistics Service showed Monday. The central bank has vowed to bring stubbornly high inflation under control to ...

ISM-New York: July Business Conditions Index Jumps to 68.1

TODAY: Nov. 1, 2014 PUB DATE: Aug. 4, 2014

By Kathleen Madigan Business activity in the New York City area expanded in July at the fastest pace in eight months, according to a survey of purchasing managers released Monday. The Institute for Supply Management-New York's Current Business Conditions index ...

Crude Oil Futures Flat As Traders Focus on Tepid Demand

TODAY: Nov. 1, 2014 PUB DATE: Aug. 4, 2014

By Nicole Friedman NEW YORK--Oil prices traded near flat Monday as traders continued to focus more on tepid demand than on unrest in various geopolitical hot spots. Light, sweet crude for September delivery recently fell a penny to $97.87 a ...

Judge Griesa: Daniel Pollack To Remain As Mediator

TODAY: Nov. 1, 2014 PUB DATE: Aug. 4, 2014

By Matt Day A U.S. judge has declined Argentina's request to remove the court-appointed mediator overseeing talks with the country's holdout creditors. A lawyer representing Argentina asked Judge Thomas Griesa at a hearing on Friday to remove Daniel Pollack, the ...

Indonesia Trade Balance Swings To $300 Million Deficit In June

TODAY: Nov. 1, 2014 PUB DATE: Aug. 4, 2014

By Linda Silaen JAKARTA, Indonesia--Indonesia's trade balance swung to deficit in June as imports of food and fuel rose ahead of the Islamic religious festivities in July, while soft global commodity prices and limited mineral exports weighed on exports. The ...

CURRENCIES: Dollar Recovers From Post-jobs Routing

TODAY: Nov. 1, 2014 PUB DATE: Aug. 4, 2014

By Tatsuo Ito Some analysts see greenback selloff as temporary The dollar was largely unchanged against the yen and the euro in Asia Monday after Friday's U.S. jobs report failed to live up to market expectations, weighing on the greenback. ...

What Matters for Global Markets in the Week Ahead

TODAY: Nov. 1, 2014 PUB DATE: Aug. 4, 2014

By Michael J. Casey MONDAY U.S.: Time N/A. President Obama hosts three-day inaugural U.S.-African Leaders Summit This summit recalls many grandiose talkfests of the past that have tried to tackle the problem of African development from the perspective of what ...

Euro-Zone Producer Prices Rise for First Time in 2014

TODAY: Nov. 1, 2014 PUB DATE: Aug. 4, 2014

Prices of goods leaving the euro zone's factory gates rose in June and for the first time since December, an indication that the currency area may not sink much deeper into a period of low inflation that could hinder its ...

Tanzania to Invest $1.2 Billion to Revamp Power Utility

TODAY: Nov. 1, 2014 PUB DATE: Aug. 4, 2014

The Tanzanian government is planning to invest at least $1.2 billion to revamp its ailing state power utility, the East African nation's latest effort to guarantee reliable power to domestic and industrial consumers, theenergy and minerals ministry said Monday. The ...

Oil Pares Some Losses as Geopolitical Unrest Continues

TODAY: Nov. 1, 2014 PUB DATE: Aug. 4, 2014

By Nicole Friedman NEW YORK--Oil futures bounced higher Monday but held near six-month lows as investors assessed an expected drop in U.S. refinery demand, but kept an eye on geopolitical hotspots. Light, sweet crude for September delivery settled up 41 ...

Pound Strengthens on Stronger U.K. Construction Data

TODAY: Nov. 1, 2014 PUB DATE: Aug. 4, 2014

By James Ramage The British pound strengthened slightly against the dollar and euro on Monday as better-than-expected U.K. construction data prompted some investors to exit bets on sterling's continued slide. The pound rose 0.3% versus the dollar to $1.6861, its ...

Switzerland Should Refrain From Russia Sanctions: Official

TODAY: Nov. 1, 2014 PUB DATE: Aug. 3, 2014

By Andrew Morse ZURICH--Switzerland shouldn't issue sanctions against Russia because doing so would jeopardize the country's potential to serve as a mediator in the conflict in Ukraine, the head of the Swiss finance department said. In an interview with the ...

Dollar's Rally Picks Up Steam

TODAY: Nov. 1, 2014 PUB DATE: Aug. 1, 2014

By James Ramage and Chiara Albanese A rally in the dollar is picking up steam, as signs of accelerating U.S. growth bolster investor expectations that the Federal Reserve in the coming year will raise interest rates for the first time ...

Dollar Up Against Rivals Ahead Of US Jobs Data

TODAY: Nov. 1, 2014 PUB DATE: Aug. 1, 2014

By Hiroyuki Kachi The dollar was higher against its rivals in Asian trade Friday, with investors taking a wait-and-see stance ahead of closely watched U.S. jobs data later in the day. As of 0450 GMT, the dollar had risen to ...

Sberbank: EU Sanctions Over Ukraine Undermine System

TODAY: Nov. 1, 2014 PUB DATE: Aug. 1, 2014

By Andrey Ostroukh MOSCOW--Russia's largest lender Sberbank said Friday that Brussels' decision to put it on the sanctions list "undermines the foundations of the global financial system and does not contribute to the easing of the European crisis caused by ...