Brazil's Total Credit Reaches 2.8 Trillion Reais In May

TODAY: Oct. 1, 2014 PUB DATE: June 25, 2014

By Paulo Trevisani

BRASILIA--Total credit in the Brazilian economy reached 2.8 trillion Brazilian reais ($1.26 trillion) in May, the central bank said Wednesday.

The figure represents a 12.7% increase over the previous 12 months, and a 1 ...

May Personal Income Seen Up 0.4% -- Data Week Ahead

TODAY: Oct. 1, 2014 PUB DATE: June 25, 2014

The following are forecasts for this week's remaining data from a survey compiled Friday and Monday.

DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS

(ET)

Thursday 0830 Jobless Claims Jun 20 310K (19) 312K

0830 Personal Income May +0.4% (28 ...

World Cup Euphoria Masks Brazil's Economic Woes

TODAY: Oct. 1, 2014 PUB DATE: June 24, 2014

By Paul Kiernan

RIO DE JANEIRO--Brazil's win over Cameroon on Monday should prolong the festive atmosphere that has persisted here since the World Cup kicked off earlier this month.

Brazilians may need all the distraction they can get. Unbeknown ...

Dollar Barely Changed Vs Yen As Nikkei Turns Positive

TODAY: Oct. 1, 2014 PUB DATE: June 24, 2014

By Hiroyuki Kachi

The dollar was almost unchanged against the yen in Asia trading Tuesday, as an initial bout of buying of the Japanese currency faltered when the Tokyo stock market turned into positive territory.

As of 0450 GMT, the ...

BOE Chief Sends Dovish Signal on Interest Rates

TODAY: Oct. 1, 2014 PUB DATE: June 24, 2014

The U.K. economy is likely to grow more strongly in the second half of this year than the Bank of England had expected, but subdued wage growth suggests there is still some spare capacity to be used up before ...

BOND REPORT: Treasury Prices Rise Ahead Of Housing Data, Auction

TODAY: Oct. 1, 2014 PUB DATE: June 24, 2014

By Ben Eisen, MarketWatch

NEW YORK (MarketWatch) -- Treasury prices advanced Tuesday as investors prepared for housing data and a government debt auction.

The 10-year Treasury note (10_YEAR) yield, which falls as prices rise, was down 2 basis points at 2 ...

Sterling Falls as Carney Flags Wage Growth Worry

TODAY: Oct. 1, 2014 PUB DATE: June 24, 2014

By Josie Cox and Chiara Albanese

Sterling dropped sharply Tuesday after Bank of England Governor Mark Carney raised fresh concerns about low wage growth in the U.K. and the impact that this might have on the Bank's plans ...

German Business Confidence Falls More Than Expected in June

TODAY: Oct. 1, 2014 PUB DATE: June 24, 2014

By Todd Buell

German business confidence decreased more than expected in June, a closely watched indicator showed Tuesday, amid concerns about the impact of crises both in Ukraine and Iraq.

The Ifo Institute's lead indicator was 109.7 in ...

Rebels Take Over Iraq's Largest Oil Refinery

TODAY: Oct. 1, 2014 PUB DATE: June 24, 2014

BAGHDAD--Local tribal leaders have negotiated the peaceful surrender of the last remaining Iraqi soldiers trapped in oil refinery at Beiji, ending a two-week siege and dealing a sharp blow to the Iraqi government's efforts to protect crucial infrastructure and ...

Metro Pacific Buys 5% of Manila Electric for PHP13.24 Billion

TODAY: Oct. 1, 2014 PUB DATE: June 24, 2014

By Cris Larano

MANILA--Metro Pacific Investments Corp. (MPI.PH) has acquired 5% of Manila Electric Co. (MER.PH) from Beacon Electric Asset Holdings Inc. for 13.24 billion pesos ($301 million), Metro Pacific said Tuesday.

Metro Pacific will pay Beacon ...

MARKET SNAPSHOT: U.S. Stocks Edge Up; S&P 500 Hits Record

TODAY: Oct. 1, 2014 PUB DATE: June 24, 2014

By Anora Mahmudova, MarketWatch

NEW YORK (MarketWatch) -- The U.S. stock market reversed opening losses and edged higher on Tuesday as investors digested a number of economic reports, including new-home sales, home prices and consumer confidence.

The S&P 500 ...

Treasury Bonds Trim Price Gains After U.S. Data

TODAY: Oct. 1, 2014 PUB DATE: June 24, 2014

By Min Zeng

Treasury bonds gave up most of their price strength Tuesday as the latest releases pointed to an improving U.S. economy after the soft path earlier this year.

Demand for safe assets diminished after a gauge of ...

Oil Benchmarks Diverge as Iraq Concerns Boost Brent

TODAY: Oct. 1, 2014 PUB DATE: June 24, 2014

(Adds API data in 11th paragraph.)

By Nicole Friedman

NEW YORK--The global oil benchmark rose Tuesday on continued uncertainty about Iraqi oil production, though the country's exports have yet to be affected by ongoing violence.

Brent crude on the ...

EU Ready to Help Russia With Air-Cargo Rules

TODAY: Oct. 1, 2014 PUB DATE: June 24, 2014

By Robert Wall and Olga Padorina

The European Union said it is prepared to help Russia comply with new air-cargo security rules that take effect July 1 and have caused a dispute that could ground airfreight between the two markets ...

Richmond Fed Manufacturing Activity Slows

TODAY: Oct. 1, 2014 PUB DATE: June 24, 2014

Manufacturing activity in the central Atlantic region in June geared back a bit, but still signaled growth, the Federal Bank of Richmond reported Tuesday.

Its manufacturing index eased to 3 this month from May's 7, although any number above ...