Yen Gains Against Dollar on BOJ Signals

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

By James Ramage The yen soared against the dollar on Thursday after Japan's central bank signaled that further moves to ease policy and weaken the currency were unlikely. The dollar was recently down 1.3% to 118.93 yen in late afternoon ...

Merkel Says Greece Must Ask for Bailout Extension or Meet Conditions

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

By Gabriele Steinhauser BRUSSELS--German Chancellor Angela Merkel said Thursday that Greece either has to request an extension to its bailout program or demonstrate that conditions attached to the program can be implemented before it expires at the end of the ...

New Zealand Declares Drought on East Coast of South Island

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

By Lucy Craymer WELLINGTON, New Zealand--The New Zealand government has declared a drought on the east coast of the nation's South Island due to farmers and growers in the region facing extremely dry conditions, which are reducing feed available for ...

New Zealand Manufacturing Sector Growth Slows in January

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

By Lucy Craymer WELLINGTON, New Zealand--New Zealand's manufacturing sector continued to expand in January but growth dropped off substantially in the month. The BNZ-BusinessNZ seasonally adjusted performance of manufacturing index fell to 50.9 in January, 6.2 points lower than the ...

SEC Probes CVR Disclosure During Takeover--Update 1

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

By Liz Hoffman and David Benoit The Securities and Exchange Commission has waded into a dispute between petroleum refiner CVR Energy Inc. and some of the biggest names in merger advice. The commission is investigating CVR's disclosure during its 2012 ...

Euro Turns Higher on Reports of Greece Agreement

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

By James Ramage The euro strengthened against the dollar earlier Wednesday on news reports that Greece had agreed in principle to stay in its bailout program. However, eurozone finance ministers failed to agree early Thursday morning in Brussels on a ...

Australia's Unemployment Jumps in January -- Update

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

By James Glynn SYDNEY--Australia's jobless rate rose to the highest level in almost 12-and-a-half years, affirming the central bank's decision this month to deliver a surprise interest-rate cut and signal more to come. Unemployment climbed to a higher-than-expected 6.4% in ...

Australia's Unemployment Rate Jumps in January

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

SYDNEY--Australia's unemployment rate rose sharply in January, affirming the central bank's decision earlier this month to deliver a surprise cut in interest rates while warning of continuing weak growth in the economy. The jobless rate climbed to a higher-than-expected 6.4% ...

Total Plans to Cut Jobs, Sell Assets After Big Loss

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

By Inti Landauro PARIS-- Total SA plans to eliminate 2,000 jobs by 2017 and sell assets worth $5.5 billion this year as the French oil and gas group adapts its business to a world of sharply lower oil prices. The ...

MTU Aero Engines 4Q Net Income Rises 52%

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

By Robert Wall MUNICH--MTU Aero Engines AG Thursday said net income for the fourth quarter rose 52.1% aided by favorable currency trends and that profit should rise more than 12% in 2015. Reported net income for the period was 62.5 ...

MTU Aero Engines 4Q Net Income Rises 52% -- Update

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

(Adds CEO, program chief comment, further detail) By Robert Wall MUNICH--MTU Aero Engines AG (MTX.XE) on Thursday said net income for the fourth quarter rose 52% and that the weaker dollar could help drive profit growth this year beyond the ...

Germany Insists Greece Must Complete Current Bailout

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

BERLIN--Germany insists that an extension and then completion of the current bailout program for Greece is a condition to any follow-up program, a German official said on Thursday, reinforcing the front between the eurozone's paymaster and Athens new left-wing government. ...

Hospira Profit Tops Expectations on Injectables Strength

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

By Chelsey Dulaney Hospira Inc. posted better-than-expected earnings in its fourth quarter on strong sales of injectable drugs, just a week after agreeing to be bought by Pfizer Inc. for $16 billion. Hospira is among the leading companies selling injectable ...

Thai Commercial Banks' Slower Growth in 2014 Blamed on Economic Slowdown

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

By Nopparat Chaichalearmmongkol BANGKOK-Thai commercial banks' loan growth slowed in 2014 due to the domestic economic slowdown, the Bank of Thailand said Thursday. The central bank reported total loan approval by Thailand-based commercial banks, both for commercial use and consumption, ...

China Politburo Says Economic Fundamentals Unchanged

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

BEIJING--China's powerful politburo said the country's economic fundamentals remain unchanged despite slower economic growth. The Communist Party body said that the nation's political leaders will step up their efforts to ensure economic growth remains in a reasonable range, state media ...

Correction to Thai Commercial Banks Article

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

Jaturong Jantarangs is senior director at the Bank of Thailand. "Thai Commercial Banks' Slower Growth in 2014 Blamed on Economic Slowdown," at 0845 GMT, misspelled Mr. Jantarangs's name in the third and fourth paragraphs. The error also appeared in "Thai ...

U.S. Stock Futures Rise

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

By Saumya Vaishampayan U.S. stock futures rose Thursday as Cisco Systems Inc. reported strong results and European markets rallied following a cease-fire deal in Ukraine. Dow Jones Industrial Average futures advanced 84 points, or 0.5%, to 17915. S&P; 500 futures ...

Expedia to Buy Orbitz for $1.3 Billion -- 3rd Update

TODAY: April 20, 2015 PUB DATE: Feb. 12, 2015

By Angela Chen Expedia Inc. agreed to buy Orbitz Worldwide Inc. for about $1.3 billion, further consolidating the online travel industry. Orbitz shareholders will receive $12 a share in cash, a 25% premium over Wednesday's close. Orbitz shares surged 22% ...