U.K. Output Rises 0.8% in 2Q, Passing Precrisis Peak

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

LONDON--Britain's economy finally overtook its prerecession peak in the second quarter, official estimates showed Friday, more than six years after a global banking crisis caused a sharp downturn. The Office for National Statistics said the U.K. economy expanded 0.8% in ...

Mexico Registers $424 Million Trade Surplus in June

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

By Anthony Harrup MEXICO CITY--Mexico registered its fifth-consecutive monthly trade surplus in June, with both exports and imports of goods rising broadly from a year before. The trade surplus of $424 million last month narrowed the deficit for the first ...

U.S. Durable Orders Rose 0.7% in June

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

By Nick Timiraos and Ben Leubsdorf WASHINGTON--Orders for big-ticket manufactured goods rebounded in June, a sign that increased capital investment by businesses could boost U.S. economic growth heading into the second half of the year. Demand for durable goods--products like ...

EU Lines Up Sector-Wide Sanctions on Russia

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

BRUSSELS--European officials Friday put off discussion about imposing sanctions on members of President Vladimir Putin's inner circle but pressed ahead with plans to deliver sector-wide economic sanctions on Russia next week, officials said. Ambassadors from the European Union's member states ...

Hong Yuan in Potential Deal to Be Acquired by Shenyin & Wanguo

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

SHANGHAI--China's Hong Yuan Securities Co. on Friday unveiled a proposal to be acquired by larger peer Shenyin & Wanguo Securities Co. in a deal with a potential value of 39.6 billion yuan ($6.4 billion). The proposed tie-up--initiated by Central Huijin ...

MARKET SNAPSHOT: U.S. Stocks: Nasdaq Futures Looks Weak As Amazon Tumbles

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- Stock futures leaned lower, with techs in particular setting up for a weak showing on Friday as Amazon.com Inc. began tumbling in premarket after posting disappointing results. Investors were readying for durable goods ...

U.K. Output Passes Precrisis Peak - Update

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

By Jason Douglas and Nicholas Winning LONDON--Britain's economy finally surpassed its prerecession peak in the second quarter, more than six years after a global banking crisis caused a sharp downturn. The Office for National Statistics said the U.K. economy expanded ...

Japan's Inflation Rate Slows in June

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

TOKYO--Japan's annual inflation rate slowed for a second straight month in June, the government said Friday, likely fueling debate over whether the nation's central bank is too optimistic in predicting it will hit its ambitious price target. Inflation eased in ...

Agricultural Bank of China to Tweak Mortgage Policy

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

BEIJING-- Agricultural Bank of China, one of China's big four state-owned banks, plans to tweak its mortgage policies for first-time home buyers in Shanghai, a move seen as part of the targeted easing approach that Beijing is taking to calibrate ...

German GfK August Consumer Sentiment Rises

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

German consumer sentiment rose to its highest level in nearly eight years, survey data from the Nuremberg-based GfK institute showed Friday, although it warned that the downing of Malaysia Airlines Flight 17 could still cloud the consumer mood in coming ...

MARKET SNAPSHOT: U.S. Stocks Fall; Dow Dips Below 17,000

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- The U.S. stock market moved lower on Friday, weighed down by disappointing reports from companies such as Amazon.com and a cut in Visa Inc's outlook. Nonetheless, the main benchmarks ...

French Unemployment Rose Slightly in June

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

By Stacy Meichtry PARIS--The number of unemployed people actively seeking work in France rose by 9,400, or 0.3%, during the month of June, the Finance Ministry said Friday as the job market continues to drag on the euro zone's second-largest ...

Brazil Frees Up More Funds for Bank Loans

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

SÃO PAULO--Brazil's central bank on Friday announced measures intended to boost economic growth by freeing up more money for banks to loan out. The central bank reduced the amount of money that banks are required to keep as reserves from ...

Brent Crude Back In Range Trading

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

By Cassie Werber LONDON--Brent crude has re-entered a trading range after spiking last month, when it shot up close to $116 a barrel on fears that Iraqi supplies could be affected by militant action. Oil has continued to flow, and ...

India Blocks Agreement on Easing Global Trade

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

GENEVA--India effectively blocked an international agreement on easing trade regulations, saying the effort to promote global trade should be linked to food security. At a meeting of the World Trade Organization in Geneva, India said it wouldn't support a "trade ...

Fitch Affirms Russia's Triple-B Ratings

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

Fitch Ratings affirmed Russia's triple-B ratings, with a negative outlook amid heightened concerns about the impact of further sanctions on the country's flatlining economy. It lowered the country ceiling one notch to triple-B. Even so, market participants aren't too concerned ...

MARKET SNAPSHOT: U.S. Stocks: Futures Lean South; Amazon May Fall

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- Stock futures leaned lower, with tech stocks setting up for particular weakness after Amazon.com Inc. posted disappointing results, and as investors readied for durable-goods data. Shares of Pandora Media Inc. could also extend ...

Brazil Fipe: Sao Paulo CPI Up 0.11% for 4 Weeks Ended July 23

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

By Rogerio Jelmayer SAO PAULO--The consumer price index for Sao Paulo, Brazil's biggest city, increased slightly in the four weeks ended July 23, in line with economists' expectations, mainly due to the increase in housing costs. The CPI rose 0.11% ...

Russian Central Bank Raises Rates to 8%

TODAY: Oct. 24, 2014 PUB DATE: July 25, 2014

MOSCOW--The Russian central bank on Friday raised its key interest rate to 8% from 7.5%, and warned that if inflation risks remain high in Russia the bank will continue to increase its key rates. The Bank of Russia was widely ...