Leading Index Seen Up 0.5% -- Data Week Ahead

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

EMBARGOED until 10:00 a.m. Thursday Jan 22 The following are forecasts for this week's remaining data from a survey compiled by the Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS (ET) Friday 1000 Existing Home Sales Dec 5.08mln(29) 4.93mln ...

Correction to Story on EU Budget Bill Pushing Up UK Borrowing

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

The U.K. borrowed 13.1 billion pounds ($19.83 billion) in December. "EU Budget Bill Pushed Up UK Borrowing in December," at 0954 GMT, misstated in the second paragraph that the borrowing period in December was for nine months, rather than December ...

Brazil Raises Benchmark Rate to Highest Level in 3 Years

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

BRASÍLIA--Brazil's central bank raised its benchmark interest rate Wednesday to the highest level in more than three years to combat expectations for surging inflation as the government hikes taxes and unwinds some price controls. The bank lifted its so-called Selic ...

Euro Slightly Higher Against Dollar Ahead of ECB Meeting

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

By Hiroyuki Kachi The euro was a tad higher against the dollar in Asian trade Thursday, with many investors sitting on the sidelines ahead of a key European Central Bank policy meeting later the day. Around 0450 GMT, the euro ...

How Greece and Germany Brought Europe's -2-

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

A plunge in Greek bond prices that month scuttled Greece's chances of raising its own funds. The selloff partly reflected investor suspicions that Greece's troika review was going badly, as well as fears the government might fall over the presidential ...

EU Budget Bill Pushed Up UK Borrowing in December

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

By Jon Sindreu and Jason Douglas LONDON--An bill from the European Union that caused a political firestorm in U.K. pushed up British government borrowing in the final month of 2014. The U.K. borrowed 13.1 billion pounds ($19.83 billion) in the ...

Hong Kong December Headline CPI Rises 4.9% on Year; Above Expectations

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

By Chester Yung HONG KONG--Hong Kong's headline consumer price index rose 4.9% in December from a year earlier, easing from November as durable goods and motor fuel prices fell, the Census and Statistics Department said Thursday. Although December's CPI rise ...

China Likely to Show 4Q 2014 Capital Account Deficit - SAFE

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

BEIJING--China is likely to show a current account surplus and a capital account deficit for the fourth quarter of 2014, a senior official of the State Administration of Foreign Exchange said Thursday. Guan Tao, head of SAFE's department of international ...

Stocks Rally, Euro Falls After ECB Move -- 7th Update

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

By Tommy Stubbington Stocks and bonds on both sides of the Atlantic rallied and the euro sank heavily Thursday after the European Central Bank delivered a bigger program of asset purchases than investors had expected. ECB President Mario Draghi said ...

European Markets Steady Ahead of ECB Meeting -- 2nd Update

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

By Josie Cox The European Central Bank's decision to keep interest rates on hold at record lows left markets steady, with investors focused on the coming news conference at which the central bank is expected to reveal details of a ...

Covidien Earnings Rise on Growth in Surgical Sales

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

By Angela Chen Covidien PLC said earnings jumped 28% on sales growth in its core surgical products segment, ahead of the company's merger with medical-device maker Medtronic Inc. Earnings beat expectations, sending shares up 1.6% in premarket trading. Ireland-based Covidien ...

Down Payments Get Smaller

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

By AnnaMaria Andriotis It is getting easier for some buyers to land a house with less money up front. More lenders are lowering down-payment requirements, allowing borrowers to commit 3%--or even less--of a home's purchase price to get a mortgage. ...

Oil Prices Slide as Supplies Grow

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

By Nicole Friedman Oil prices slid Thursday, nearing recent lows, as U.S. crude-oil supplies hit their highest January level in more than 80 years. U.S. crude inventories rose by 10.1 million barrels in the week ended Jan. 16, the U.S. ...

U.K.'s Cameron Moves To Give Scotland Revenue Control

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

By Jenny Gross LONDON--British Prime Minister David Cameron on Thursday proposed legislation to give Scotland new powers, moving forward with a pledge made to the Scottish people ahead of last year's independence referendum. The proposed legislation would give the Scottish ...

Canada's Harper Calls Central Bank Rate Cut Appropriate

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

By Paul Vieira OTTAWA--Canadian Prime Minister Stephen Harper said the Bank of Canada's surprise interest-rate cut this week was "appropriate," noting the deep decline in crude-oil prices would pose significant headwinds for the economy. Speaking at an event on Thursday, ...

Sen. Reid Will Run for Another Term

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

By Siobhan Hughes WASHINGTON--With a patch on his eye and a purple bruise on his chin, Senate Minority Leader Harry Reid (D., Nev.) used his first news conference since an accident earlier in January to say that he planned to ...

Senators Press on Iran Sanctions Despite Obama's Veto Threat -- Update

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

By Jay Solomon, Michael R. Crittenden and Carol E. Lee WASHINGTON--The Obama administration collided with Congress Wednesday over Iran sanctions, and both sides were girding for a brawl that appeared likely to stretch through the year. Lawmakers from both parties ...

China Injects $8 Billion Into Banking System

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

SHANGHAI--China's central bank injected cash into the money markets Thursday using short-term instruments it hasn't used in a year, spurring speculation that further loosening of monetary policy may be on the way as the economy grows at its slowest rate ...

Walgreen Co. Is the Latest to End Monthly Sales Reports

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

By Josh Beckerman Walgreens Boots Alliance Inc. said it won't issue monthly sales reports for Walgreen Co., preferring to detail its performance in a "single unified report" when it reports quarterly results. Walgreen Co. bought 45% of Alliance Boots GmbH ...

U.S. Jobless Claims Flash Some Warning Signs--Update

TODAY: April 1, 2015 PUB DATE: Jan. 22, 2015

By Eric Morath WASHINGTON--The number of Americans filing new claims for jobless benefits fell last week but remained near a seven-month high, raising a concern that momentum in the jobs market could be easing early in the year. Initial jobless ...