IMF Urges China to Speed Up Reforms

TODAY: Oct. 30, 2014 PUB DATE: July 31, 2014

By Bob Davis BEIJING--The International Monetary Fund warned that China's growth rate could plummet in the coming years unless Beijing speeds up the pace of its economic reforms. In its annual review of China's economic prospects released Wednesday, the IMF ...

Santander Reports Rise in Second-Quarter Profit -- 2nd Update

TODAY: Oct. 30, 2014 PUB DATE: July 31, 2014

By Jeannette Neumann MADRID-- Banco Santander SA, the euro zone's largest bank by market value, on Thursday reported a 38% rise in second-quarter net profit to EUR1.45 billion ($1.94 billion), boosted by gains at its U.K. and Spanish units and ...

EUROPE MARKETS: Disappointing Earnings, Weak Inflation Hit European Stocks

TODAY: Oct. 30, 2014 PUB DATE: July 31, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- A raft of disappointing earnings reports from European heavyweights pushed the region's stock markets to sharp losses on Thursday, while another soft inflation reading for the euro zone offered little consolation. Meanwhile, a ...

China's Fosun Group Invests in Tom Tailor

TODAY: Oct. 30, 2014 PUB DATE: July 31, 2014

SHANGHAI--A consortium led by China's Fosun Group is investing in German retailer Tom Tailor Holding AG (TTI.XE), bringing another Western brand under the private conglomerate's wing for expansion back at home. Fosun, Tom Tailor's management and other investors are buying ...

Euro-Zone Inflation, Jobless Rates Fall

TODAY: Oct. 30, 2014 PUB DATE: July 31, 2014

The annual rate of inflation in the euro zone fell further below the European Central Bank's target in July, and to its lowest level since October 2009. The decline is a setback to the ECB, which in June launched a ...

July Jobless Rate Seen Holding at 6.1% -- Data Week Ahead

TODAY: Oct. 30, 2014 PUB DATE: July 31, 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) Friday 0830 Nonfarm Payrolls Jul +230K(34) +288K 0830 Unemployment Rate Jul 6.1% (33) 6.1% 0830 Avg Hrly ...

SSE Buys Energy Solutions Group for up to GBP72 Million

TODAY: Oct. 30, 2014 PUB DATE: July 31, 2014

LONDON--Utility firm SSE PLC (SSE.LN) said Thursday it has bought The Energy Solutions Group Topco Ltd., a Manchester-based designer and provider of energy management solutions, from Bridgepoint Development Capital, for an enterprise value of up to 72 million pounds ($122.14 ...

Argentina's Markets Pull Back After Debt Default -- Update

TODAY: Oct. 30, 2014 PUB DATE: July 31, 2014

By Nicole Hong, Ken Parks and Matt Day Stocks and bonds in Argentina tumbled following the country's second default in 13 years, as doubts emerged about the prospects for a bank-engineered deal to resolve a standoff with hedge-fund creditors and ...

Swedish Economy Returns to Growth

TODAY: Oct. 30, 2014 PUB DATE: July 30, 2014

By Charles Duxbury STOCKHOLM--Sweden's economy returned to growth in the second quarter, boosted by rising household consumption and exports, but the upswing was smaller than expected and the Swedish currency fell. Sweden's statistics agency said Wednesday that gross domestic increased ...

Euro-Zone Business Confidence Holds Up

TODAY: Oct. 30, 2014 PUB DATE: July 30, 2014

By Paul Hannon Euro-zone businesses were mostly undaunted by growing tensions between the European Union and Russia over Ukraine's future following the downing of Malaysia Airlines Flight 17, but there was a significant loss of optimism among both companies and ...

European Shares Ignore Tougher Russian Sanctions

TODAY: Oct. 30, 2014 PUB DATE: July 30, 2014

European markets Wednesday showed a subdued reaction to the U.S. and the European Union adopting tougher economic sanctions against Russia, suggesting that investors had largely positioned for the latest measures. Moscow's Micex and dollar-traded RTS index were both trading more ...

Boston Properties FFO Slightly Exceeds Guidance

TODAY: Oct. 30, 2014 PUB DATE: July 30, 2014

By Josh Beckerman Boston Properties Inc. (BXP) said second-quarter funds from operations a share were slightly above its guidance due to cost savings and higher-than-expected development and management services income. The office-focused real-estate investment trust said Tuesday that funds from ...

ECB's Weidmann: Stronger German Wage Rise Is Positive -- Report

TODAY: Oct. 30, 2014 PUB DATE: July 30, 2014

A stronger wage rise in Germany is positive amid virtually full employment in some sectors and regions and frequent reports that skilled workers are lacking, European Central Bank governing council member Jens Weidmann told Frankfurter Allgemeine Zeitung, according to a ...

CURRENCIES: Dollar Steady Against Yen Ahead Of FOMC Meeting

TODAY: Oct. 30, 2014 PUB DATE: July 30, 2014

By Alexander Martin Speculation of a more hawkish Fed tone provides support for buck The dollar remained steady against the yen during Asian trading Wednesday ahead of the release of U.S. growth data and the conclusion of the Federal Open ...

U.S. Second-Quarter GDP Expands at 4.0% Rate

TODAY: Oct. 30, 2014 PUB DATE: July 30, 2014

By Eric Morath and Nick Timiraos WASHINGTON--The U.S. economy rebounded strongly this spring after a first-quarter contraction, eking out positive growth over the past six months and raising hopes for sustained growth in the second half of 2014. Gross domestic ...

Gold Retreats After Stronger U.S. Economic Data

TODAY: Oct. 30, 2014 PUB DATE: July 30, 2014

By Tatyana Shumsky After making some wild swings in response to stronger U.S. economic growth and employment data, gold prices moved lower Wednesday amid investor caution ahead of the Federal Reserve monetary policy statement. Gold for December delivery, the most ...

U.S. Hopes India Will Agree to WTO Deal as Deadline Looms

TODAY: Oct. 30, 2014 PUB DATE: July 30, 2014

NEW DELHI--A day before the deadline for a global agreement to ease trade restrictions, U.S. officials said they hoped India would drop its strident objections and allow the deal to move forward. U.S. Secretary of Commerce Penny Pritzker said in ...