U.S. Budget Deficit Widens Slightly in January

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

By Nick Timiraos WASHINGTON--The U.S. budget deficit widened slightly in January, a sign that sustained declines of the past five years are flattening out. The federal government's deficit for the first four months of the fiscal year totaled $194 billion, ...

Currency Warriors Get Boost at G-20 Meeting

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

ISTANBUL--The world's top finance leaders on Tuesday in effect backed currency depreciation as a tool for promoting growth by signaling strong support for aggressive easy-money policies aimed at boosting the fragile global economy. The support by finance ministers and central ...

FBI to Probe Fraudulent Tax Filings

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

By Laura Saunders and Liz Moyer in New York and Devlin Barrett in Washington, D.C. The Federal Bureau of Investigation has opened a probe to determine whether a computer data breach led to the filing of false tax returns through ...

Greece Asks for Time, Breathing Space

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

ATHENS--Greek Prime Minister Alexis Tsipras reiterated early Wednesday that Greece would seek a bridge agreement from its international creditors and will refuse to accept an extension of its current bailout as demanded by European partners. "Greece asks for time and ...

Reinz Says 4,841 New Zealand Dwellings Sold in January

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

By Rebecca Howard WELLINGTON, New Zealand--New Zealand house prices fell on-month in January as did the number of houses sold but both rose from a year earlier. The national median home price was $426,000 New Zealand dollars (US$316,421) in January, ...

Hong Kong Shares End Lower on Financial Stocks

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

By Mia Lamar HONG KONG--Hong Kong shares closed lower Wednesday, led by slumping financial shares. The blue-chip Hang Seng Index fell 213.08 points, or 0.9%, to 24315.02 after trading between 24266.68 and 24551.74 during the session. The turnover totaled 64.66 ...

GlaxoSmithKline Buys Remaining Shares in GlycoVaxyn for $190 Million

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

By Ian Walker LONDON--Pharmaceutical giant GlaxoSmithKline PLC (GSK.LN) said Wednesday it has bought the remainder of Swiss specialist vaccine biopharmaceutical company GlycoVaxyn for $190 million, giving it full control. Glaxo has held a minority stake in GlycoVaxyn since forming a ...

MARKET SNAPSHOT: U.S. Stock Futures Weighed Down By Greek Debt Worries

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch PepsiCo shares rise on earnings beat, buyback, dividend news NEW YORK (MarketWatch) -- U.S. stock futures were flat on Wednesday as investors appeared more skittish than ever on Wednesday, with few important economic ...

India's Industrial Growth Seen Slowing in December

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

By Anant Vijay Kala NEW DELHI--India's industrial output growth is expected to have slowed in December as weak spending by businesses and consumers continued to weigh on activity, economists said. Industrial production, which includes the output of factories, mines and ...

Russia's Putin Will Attend Ukraine Peace Summit in Minsk

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

MOSCOW--Russian President Vladimir Putin is traveling to Minsk, Belarus later Wednesday to participate in a four-way summit aimed at reaching a cease-fire agreement on the fighting in Ukraine, the Kremlin said in a statement. Talks between representatives of Ukraine and ...

European States Gorge on Cheap Debt -- Update

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

By Emese Bartha and Neil MacLucas ZURICH--Switzerland secured the world's cheapest borrowing costs for any 10-year government bonds on Wednesday, while other European states also enjoyed the wave of easy monetary policy across the region to grab bond-market bargains. "It's ...

U.S. Launches New Trade Challenge Against China

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

By William Mauldin And Lilian Lin WASHINGTON--The U.S. opened a new front in the long-running trade conflict with China, challenging a broad program Beijing uses to subsidize export businesses. The new challenge at the World Trade Organization is part of ...

MARKET SNAPSHOT: U.S. Stocks Sink Amid Greek Debt Saga

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch PepsiCo shares rise on earnings beat, buyback, dividend news NEW YORK (MarketWatch) -- U.S. stocks were headed lower on Wednesday as investors awaited the outcome of the crucial meetingof eurozone finance ministers to ...

Greece Faces Tough Battle on Debt at Key Meeting

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

By Gabriele Steinhauser And Laurence Norman BRUSSELS--Eurozone finance ministers struggled to find a clear line on how to deal with Greece's financial issues Wednesday in light of what they said were mixed messages from the new government in Athens. Since ...

Dollar Rises to 5-Week High Against Yen

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

By James Ramage The dollar climbed to a five-week high against the yen on Wednesday as investors anticipated a shorter timeline for the Federal Reserve to raise U.S. interest rates. The dollar advanced above 120 yen for the first time ...

U.S. Budget Deficit Widens Slightly in January

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

WASHINGTON--The U.S. budget deficit widened slightly in January, a sign that sustained declines of the past five years are flattening out. The federal government's deficit for the first four months of the fiscal year totaled $194 billion, up from $183 ...

Dollar Rises to 5-Week High Against Yen

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

By James Ramage The dollar climbed to a five-week high against the yen on Wednesday as investors anticipate a shorter timeline for the Federal Reserve to raise U.S. interest rates. The dollar advanced above Yen120 for the first time since ...

U.S. Seeks Guilty Pleas From 4 Banks in Currency Antitrust Probe

TODAY: April 19, 2015 PUB DATE: Feb. 11, 2015

By Devlin Barrett And Christopher M. Matthews WASHINGTON--The Justice Department plans to try and force four major banks to plead guilty to criminal antitrust charges for alleged collusion by traders in foreign-currency markets, people familiar with the discussions said. Justice ...