Europe Shares Hurt By German Data

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

By Josie Cox European shares snapped a two-session climb on Tuesday, burdened by lackluster German industrial production data dealing yet another blow to the continent's largest economy and amplifying concerns surrounding the growth outlook for the whole eurozone. Factory output ...

U.S. Stock Futures Inch Lower, Following Europe's Lead

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

By Dan Strumpf U.S. stock futures retreated, tracing a slump in overseas markets, amid resurgent concerns over slowing global growth. Dow Jones Industrial Average futures fell 42 points, or 0.3%, to 16861. Futures on the S&P; 500 index fell five ...

Fed's Dudley Sees Mid-2015 Rate Hike

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

Federal Reserve Bank of New York President William Dudley said Tuesday the U.S. central bank can likely hold off on raising short-term interest rates until 2015 given the expected path of the economy. "It still is premature to begin to ...

IMF Cuts 2015 Global Growth Forecast

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

WASHINGTON--The International Monetary Fund on Tuesday downgraded its outlook for global economic growth, citing persistent weakness in the eurozone and a broad slowdown in several major emerging markets. The IMF said it expects the global economy to grow by 3.8% ...

Jobless Claims Seen Rising by 5,000 -- Data Week Ahead

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

The following are forecasts for this week's remaining data from a survey compiled Friday and Monday. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS (ET) Thursday 0830 Jobless Claims Oct 4 292K (19) 287K 1000 Wholesale Inventories Aug +0.4% (10) +0.1% Friday ...

Puerto Rico Senate Clears Path for Government Borrowing

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

By Aaron Kuriloff Puerto Rico's Senate voted to permit the government to sell as much as $1.2 billion in tax- and revenue-anticipation notes, clearing the way for the commonwealth's first borrowing since it passed a law allowing some public agencies ...

Mahindra to Buy 51% Stake in Peugeot's Scooter Unit

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

By Santanu Choudhury NEW DELHI--Mahindra & Mahindra Ltd. (500520.BY) has agreed to acquire a 51% stake in French auto maker PSA Peugeot Citroën's scooter unit, the Indian auto maker said Tuesday. The offer was made by Mahindra Two Wheelers Ltd., ...

Oil Futures Subdued, WTI Holds Above $90/bbl

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

By Eric Yep Crude-oil futures remained subdued in Asian hours Tuesday with prices moving in a narrow trading range. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at $90.27 a barrel at 0427 ...

Rio Tinto PLC Statement regarding press speculation

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

TIDMRIO RNS Number : 5919T Rio Tinto PLC 06 October 2014 Statement regarding press speculation 7 October 2014 The board of Rio Tinto notes the recent press speculation regarding a possible combination of Rio Tinto and Glencore. The Rio Tinto ...

Yen Rises on Global Growth Concerns

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

By James Ramage The yen gained against the dollar, the euro and the British pound on Tuesday as investors headed into assets considered to be safer, in response to negative signals emerging for the global economy. The dollar sank 0.8% ...

CURRENCIES: Dollar Falls To Three-week Low Against Yen

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

By Joseph Adinolfi, MarketWatch NEW YORK (MarketWatch) -- The dollar continued to dip lower against the yen Tuesday afternoon, reaching its lowest point in more than three weeks, in a move described as a correction following a strong run up. ...

IMF Cuts 2015 Global Growth Forecast to 3.8%

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

By Ian Talley WASHINGTON--The International Monetary Fund on Tuesday downgraded its outlook for global economic growth, citing persistent weakness in the eurozone and a broad slowdown in several major emerging markets. The IMF said it expects the global economy to ...

U.S. Retail Sales Fall in September From August -- Redbook

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

By Tess Stynes National chain-store sales fell 0.3% in September from the comparable period in August, according to Redbook Research's latest indicator, released Tuesday. The index's decrease compared with a target for a decline of 0.2%. The Johnson Redbook Sales ...

UK Factory Output Slows in August

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

LONDON--U.K. factory output slowed in August, driven by auto makers shutting down during the summer while exports kept slowing. According to data released Tuesday by the Office for National Statistics, manufacturing output slowed to a 0.1% monthly growth, below the ...

Dutch Central Bank Warns ECB Over Policy Risks

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

By Archie Van Riemsdijk AMSTERDAM--The European Central Bank's current policy measures appear to be creating financial market bubbles that could result in instability, the Dutch Central Bank said Tuesday in its semi-annual financial stability report. These bubbles are the unwanted ...

IMF Raises Canada 2014 View, Says Central Bank Policy "Appropriate"

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

By Nirmala Menon OTTAWA--The International Monetary Fund on Tuesday raised Canada's 2014 growth forecast to 2.3%, held the 2015 projection at 2.4%, and said the Canadian central bank's accommodative policy is "appropriate" amid economic slack and downside risks to the ...

EIA Lowers Global Oil Demand Forecasts

TODAY: Dec. 20, 2014 PUB DATE: Oct. 7, 2014

Government forecasters lowered their projections for oil prices this year and next, reflecting lower global demand expectations. The U.S. Energy Information Administration, in its monthly short-term energy outlook released Tuesday, called for benchmark U.S. crude-oil prices to average $97.72 a ...