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

TODAY: Dec. 21, 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. 21, 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 ...

ECB Questions New Eurozone Banking Loophole

TODAY: Dec. 21, 2014 PUB DATE: Oct. 7, 2014

By Gabriele Steinhauser BRUSSELS--The European Central Bank has raised concerns over legal changes in several countries that allow banks to continue using tax assets to boost their capital buffers, a practice that was meant to be phased out under new ...

Russian Central Bank Props Up Ruble

TODAY: Dec. 21, 2014 PUB DATE: Oct. 7, 2014

MOSCOW--The Bank of Russia has intervened to shore up the ruble, shifting the currency's trading corridor again following its drop to record lows Monday on foreign-exchange markets, according to latest data from the central bank. The central bank shifted the ...

IMF Cuts 2015 Global Growth Forecast to 3.8%

TODAY: Dec. 21, 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 ...

Canada Gets EU Oils Sands Reprieve

TODAY: Dec. 21, 2014 PUB DATE: Oct. 7, 2014

BRUSSELS--Canada scored a victory Tuesday when the European Union ditched plans to label oil sands as dirtier than other forms of crude, removing a major potential obstacle to exporting the controversial fuel to Europe. The EU had originally planned to ...

Wall Street Journal and Absolute Strategy Unveil New Economic Indexes

TODAY: Dec. 21, 2014 PUB DATE: Oct. 7, 2014

By Kathleen Madigan Absolute Strategy Research and the Wall Street Journal announced Tuesday the release of a new set of monthly economic indexes designed to track major national economies and the global economy. The Absolute Strategy/WSJ NewsFlow Indexes compare the ...

Oil Prices Drop on Weak German Data

TODAY: Dec. 21, 2014 PUB DATE: Oct. 7, 2014

By Nicole Friedman Oil futures fell Tuesday as weak German industrial data strengthened the dollar and lowered expectations for a rebound in European oil demand. Factory output in Germany slumped 4% in August, well below the expected 1.5% decline, and ...

MARKET SNAPSHOT: U.S. Stocks: Futures Fall As Investors Book Profits

TODAY: Dec. 21, 2014 PUB DATE: Oct. 7, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- U.S. stock futures pointed to a lower open for Wall Street, with investors looking set to spend another session booking profits on recent gains, as earnings season looms. Futures for the Dow Jones ...

Swedish Central Bank's Ekholm to Leave

TODAY: Dec. 21, 2014 PUB DATE: Oct. 7, 2014

STOCKHOLM--The influential Swedish central bank rate setter Karolina Ekholm said Tuesday she is leaving her post as a Riksbank deputy governor in a move which looks likely to send policy in a more hawkish direction. Ms. Ekholm has been recruited ...

Australia Holds Rates Steady Again at Record-Low 2.5%

TODAY: Dec. 21, 2014 PUB DATE: Oct. 7, 2014

By James Glynn SYDNEY--Australia's central bank left its benchmark interest rate unchanged for a 14th straight month Tuesday, saying that while a recent sharp fall in the Australian dollar would help the economy, the currency still remained overvalued. "The most ...

Copper Futures Slip on Global Demand Concerns

TODAY: Dec. 21, 2014 PUB DATE: Oct. 7, 2014

By Ira Iosebashvili Copper prices fell Tuesday after data from Europe warned of slowing growth, sparking concerns about demand for the industrial metal. Copper for December delivery, the most actively traded contract, was down 0.5% at $3.0185 a pound on ...

German Industrial Output Slumps

TODAY: Dec. 21, 2014 PUB DATE: Oct. 7, 2014

FRANKFURT--German industrial output declined sharply in August, marking the second consecutive day of rough economic numbers for Europe's largest economy, data from the country's economy ministry showed Tuesday. In adjusted terms, factory output was down 4.0% on the month, well ...

Latchways Shares Drop 15% Amid Profit Warning

TODAY: Dec. 21, 2014 PUB DATE: Oct. 7, 2014

By Jana Simmons LONDON--Shares in Latchways PLC (LTC.LN) dropped 15% in early trade after the maker of protection systems for working at height warned that full year earnings will be materially below last year's levels. The company said market conditions ...