Correction to Foxconn Update

TODAY: May 23, 2015 PUB DATE: March 21, 2015

A Sharp spokesman said that Sharp would consider financial assistance from Foxconn, provided it adheres to a commitment made a few years ago to purchase the Japanese company's stock at Y550 ($4.58) a share. "Foxconn Explores Investment Opportunities at Sharp ...

Foxconn Explores Investment Opportunities at Sharp -- Update

TODAY: May 23, 2015 PUB DATE: March 21, 2015

By Lorraine Luk Foxconn said Saturday it was still exploring investment and partnership opportunities, which could include technology licensing, with struggling Japanese electronics maker Sharp Corp. The comments came after Tokyo-based Weekly Toyo Keizai reported Friday, citing Foxconn Chairman Terry ...

Germany's Merkel Intervenes in Greek Rift With Creditors -- Update

TODAY: May 23, 2015 PUB DATE: March 20, 2015

By Marcus Walker in Athens and Harriet Torry in Berlin German Chancellor Angela Merkel is intervening directly in a deepening rift between Greece and its international creditors, a sign of Berlin's growing concern that the acrimony threatens the unity of ...

Some BOJ Members Question Sustainability of JGB Purchases

TODAY: May 23, 2015 PUB DATE: March 20, 2015

TOKYO--Japan's increasingly volatile government debt market became a key debate topic at the Bank of Japan's February policy meeting, with some policy-makers questioning the sustainability of the central bank's aggressive bond purchases, according to the meeting minutes released Friday. A ...

Greece More Optimistic After Meeting, PM Tsipras Says

TODAY: May 23, 2015 PUB DATE: March 20, 2015

BRUSSELS -- Greece is more optimistic after a meeting of key European leaders Thursday, in which all sides pledged to do their best to overcome the difficulties the Greek economy is facing, the country's prime minister said. On his way ...

Lloyds Banking Group PLC Offer for TSB Banking Group plc

TODAY: May 23, 2015 PUB DATE: March 20, 2015

TIDMLLOY TIDMTSB RNS Number : 9963H Lloyds Banking Group PLC 20 March 2015 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE ...

Iran Talks Stall Over Ending of Sanctions

TODAY: May 23, 2015 PUB DATE: March 20, 2015

LAUSANNE, Switzerland--When international sanctions on Iran would be lifted has emerged as one of the largest remaining stumbling blocks to an agreement to constrain Tehran's nuclear program by a March 31 deadline, according to U.S., European and Iranian officials. Tehran's ...

Beijing Helps to Drive Yuan Higher-- 2nd Update

TODAY: May 23, 2015 PUB DATE: March 20, 2015

By Shen Hong SHANGHAI--China's yuan scored its best week in over seven years, as Beijing steps in to the markets to drive the currency higher and kick out speculators betting on losses as the economy deteriorates. The yuan gained 0.9% ...

Dollar Steadies on Renewed Views of Early Fed Rate Increase

TODAY: May 23, 2015 PUB DATE: March 20, 2015

By Tatsuo Ito The dollar was steady against the yen and the euro in Asia Friday, with the revival of expectations for an early U.S. rate increase giving support to the greenback. Around 0450 GMT, the dollar was at Y120.71, ...

Many Cities See Rise in Underwater Homeowners

TODAY: May 23, 2015 PUB DATE: March 20, 2015

By Joe Light And Laura Kusisto House values are rising, but homeowners are still slipping underwater in many U.S. cities. In 21 of the 50 biggest U.S. housing markets, the number of borrowers who owe more on their homes than ...

Sabadell, TSB Agree to Takeover Terms -- Update

TODAY: May 23, 2015 PUB DATE: March 20, 2015

By Ian Walker and David Román Banco de Sabadell SA on Friday confirmed terms of a GBP1.7 billion ($2.54 billion) takeover of TSB Banking Group PLC and said it would launch a rights issue to maintain its capital levels. The ...

BOJ Says Investors Won't Draw 'Unwarranted' Conclusions

TODAY: May 23, 2015 PUB DATE: March 20, 2015

TOKYO--Bank of Japan Gov. Haruhiko Kuroda said Friday that investors wouldn't draw any "unwarranted conclusions" over the central bank's monetary policy if a drop in energy prices is the main reason behind a slowdown in inflation. The remark could be ...

German Producer Prices Rise in Monthly Terms, Data Show

TODAY: May 23, 2015 PUB DATE: March 20, 2015

By Todd Buell FRANKFURT--German producer prices rose in February in monthly terms for the first time in more than a year, on the back of higher energy prices, official data showed Friday. Prices at the factory gate rose 0.1% on ...

Markets Calm After Turbulent Week -- 2nd Update

TODAY: May 23, 2015 PUB DATE: March 20, 2015

By Josie Cox Markets, especially in currencies, were calmer on Friday, recovering from a turbulent week. On Wednesday, the dollar slumped after hesitant signals from the U.S. Federal Reserve over the timing of its first interest rate increase, before snapping ...

Canada Inflation Holds Steady at 1% in February

TODAY: May 23, 2015 PUB DATE: March 20, 2015

OTTAWA--Annual inflation in Canada held steady at 1% in February, in line with expectations, as food and clothing costs rose--something economists cautioned could happen as a result of a weaker Canadian dollar. Gasoline prices fell in February from a year ...

Greek PM: Reforms Will Be Submitted As Soon As Possible

TODAY: May 23, 2015 PUB DATE: March 20, 2015

BRUSSELS--A list of reforms by Greece will be submitted as soon as possible, Prime Minister Alexis Tsipras said Friday, signaling that the country's government was planning to move fast so its partners can unlock much-needed financial aid. The comments by ...

Fed Sent Nearly $97 Billion to the U.S. Treasury in 2014

TODAY: May 23, 2015 PUB DATE: March 20, 2015

By Ben Leubsdorf The Federal Reserve handed a record $96.90 billion in profits over to the Treasury Department in 2014, the U.S. central bank said Friday. In January, the Fed had tentatively estimated its Treasury remittances last year at $98.7 ...

Russia 'Very Unhappy' at Sanctions Link

TODAY: May 23, 2015 PUB DATE: March 20, 2015

By Valentina Pop BRUSSELS--Russia is "very unhappy" with the European economic sanctions being linked to the full implementation of a peace deal agreed in Minsk last month, a senior Russian official has said. "We are very unhappy to see the ...

DATA SNAP: Canada February CPI Climbs 1%

TODAY: May 23, 2015 PUB DATE: March 20, 2015

February Inflation Report =-----------------------------------------=--=--=--=--=--== Key Numbers Feb. Jan. ! Consensus: ! Core Inflation y/y +2.1% +2.2% !Core: +2.1% y/y! Core Inflation m/m +0.6% +0.2% !Headline: +1.0%! All-items CPI y/y +1.0% +1.0% ! ! All-items CPI m/m +0.9% -0.2% !Actual: ! ...

CURRENCIES: Dollar Falls As Post-Fed Selloff Resumes

TODAY: May 23, 2015 PUB DATE: March 20, 2015

By Joseph Adinolfi, MarketWatch , Tatsuo Ito NEW YORK (MarketWatch) -- The dollar traded lower Friday as traders sold the greenback on the expectation that Federal Reserve policy makers would leave rates lower for longer. The euro (EURUSD) traded at ...