Judge Delays Decision on Argentine Bonds

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

A U.S. District Judge said in a hearing Tuesday that he will decide at a later time whether holders of Argentina's restructured bonds governed by Argentine, Japanese and U.K. law can receive their interest payments. Argentina on June 26 deposited ...

China PBOC Skips Open Market Operations

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

SHANGHAI--China's central bank skipped Tuesday's open-market operations, likely to keep a cap on liquidity in anticipation of several initial public offering launches, participating traders said. The central bank injected a net 17 billion yuan ($2.7 billion) in last week's operation, ...

Hungary Cuts Key Rate Deeper Than Expected

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

By Margit Feher BUDAPEST--Bringing its easing cycle to a full two years, Hungary's central bank cut Tuesday its main interest rate deeper than expected to a new record low to help the government propel the recovery. Following the inflation index's ...

Yen Weakens Against Rivals as Geopolitical Concerns Recede

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

By Hiroyuki Kachi The yen weakened against its rivals in otherwise directionless Asian trade Tuesday, with investors taking a breather from geopolitical developments in eastern Ukraine and Gaza, and instead returning their focus to economic indicators coming out this week. ...

CURRENCIES: Yen Weakens Against Rivals As Global Worries Fade

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

By Hiroyuki Kachi The yen weakened against its rivals in otherwise directionless Asian trade Tuesday, with investors taking a breather from geopolitical developments in eastern Ukraine and Gaza, and instead returning their focus to economic indicators coming out this week. ...

CURRENCIES: Dollar Rises Against Euro, Pound

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

By Joseph Adinolfi, MarketWatch NEW YORK (MarketWatch) -- The U.S. dollar rose against the euro and the pound Tuesday but fell against a slate of other currencies following data that showed a slower pace of inflation in June. "The dollar ...

Three Senate Committee Heads Call for New Sanctions Against Russia

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

By Michael R. Crittenden and Amy Harder WASHINGTON--The heads of three Senate committees said Tuesday the White House should impose significant new sanctions against Russia's defense, energy and banking sectors for its role in the downing of a Malaysia Airlines ...

CURRENCIES: Euro Falls To 8-month Low Against The Dollar

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

By Joseph Adinolfi, MarketWatch NEW YORK (MarketWatch) -- The euro fell to an eight-month low against the dollar Tuesday, its lowest level since the European Central Bank surprised the market with a 25 basis point rate cut in November 2013. ...

BOND REPORT: Treasurys Turn Lower After CPI, Housing Data

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

By Ben Eisen, MarketWatch NEW YORK (MarketWatch) -- Treasury prices inched lower Tuesday after data showed a rise in existing-home sales and easing consumer-cost pressures. After the data, the 10-year note (10_YEAR) yield, which rises as prices fall, was up ...

U.S. Existing-Home Sales Hit Highest Level Since October

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

By Josh Mitchell and Alan Zibel WASHINGTON--A broad measure of U.S. home sales climbed for the third consecutive month in June, a sign the housing market is gaining steam after a months-long slump. Sales of existing homes rose 2.6% to ...

Saab Completes Acquisition of Submarine Builder

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

By Dominic Chopping STOCKHOLM--Swedish defense company Saab AB (SAAB-B.SK) said Tuesday it has completed its acquisition of Swedish shipyard Thyssen Krupp Marine Systems AB (TKMS AB formerly Kockums). The business unit will be called Saab Kockums and it expects operations ...

U.S. Consumer Prices Rose 0.3% in June

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

By Ben Leubsdorf and Sarah Portlock WASHINGTON--Consumer prices continued to rise in June but at a slower pace and driven largely by a spike in the cost of gasoline, the latest evidence of firming inflationary pressures across the U.S. economy. ...

Europe Trails U.S. on Sanctions, For Now

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

By William Mauldin and Carol E. Lee The U.S. and the European Union are working to coordinate an expanding set of sanctions against Russia over its interference in Ukraine, with European leaders galvanized to put pressure on Moscow after the ...

Europe Markets Rise But Russia Remains In Focus

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

Mounting tensions between Russia and the West continued to dominate the mood across European markets Tuesday, though stocks rebounded from Monday's lows. Russia's Micex index was able to claw back some of its recent losses, rising 2.4%. The dollar-traded RTS ...

Dollar Rises After U.S. Inflation Data

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

By James Ramage The dollar gained against the euro on Tuesday after the U.S. reported a rise in consumer prices in June, raising speculation about the timing of the Federal Reserve's increase in interest rates. The euro dropped to its ...

China Opens Door to New Zealand's a2 Milk Company

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

By Rebecca Howard WELLINGTON, New Zealand--New Zealand dairy firms are gradually being allowed to sell baby formula in China again following a clampdown that saw hundreds of brands shut out of the market earlier this year. a2 Milk Company Ltd., ...

Australia's Stevens Doesn't Rule Out Another Interest-Rate Cut

TODAY: Oct. 21, 2014 PUB DATE: July 22, 2014

By James Glynn and David Rogers SYDNEY--Reserve Bank of Australia Gov. Glenn Stevens on Tuesday appeared to leave open the possibility of further interest-rate cuts, but said the current record-low rate was appropriate for now. During an appearance before a ...