China Will Keep Growth Within Reasonable Range, Premier Says

TODAY: May 25, 2015 PUB DATE: March 18, 2015

BEIJING--Premier Li Keqiang said in a meeting Wednesday that the government will work to ensure that China's economic growth falls within a reasonable range, as the world's second-largest economy loses steam. Mr. Li, in the State Council meeting, said the ...

Canada Wholesale Trade Plunges 3.1% in January -- Update

TODAY: May 25, 2015 PUB DATE: March 18, 2015

By Paul Vieira OTTAWA--Canadian wholesale trade plummeted 3.1% in January, the most in a single month since the height of the 2008-09 financial crisis, with much of the decline focused in the auto sector. Wholesale trade receipts declined to 53.73 ...

Sweden Cuts Main Interest Rate, Increases Bond-Buying

TODAY: May 25, 2015 PUB DATE: March 18, 2015

STOCKHOLM--Sweden's central bank on Wednesday cut its main interest rate further into negative territory and said it's increasing its bond-buying program to counter recent krona appreciation. The Riksbank, the world's oldest central bank, lowered its benchmark rate to minus 0.25% ...

Canada Wholesale Trade Plunges 3.1% in January

TODAY: May 25, 2015 PUB DATE: March 18, 2015

By Paul Vieira OTTAWA--Canadian wholesale trade plummeted in January by the most in a single month since the height of the 2008-09 financial crisis, with much of the decline focused in the auto sector. Wholesale trade receipts decreased 3.1% on ...

Holcim Board to Meet on Lafarge Deal Wed Evening --Source

TODAY: May 25, 2015 PUB DATE: March 18, 2015

By Andrew Morse ZURICH--The board of directors at Holcim Ltd. (HOLN.VX) will meet Wednesday evening to discuss the cement company's plan to combine with Lafarge SA (LG.FR), a person familiar with the situation said. The meeting comes amid optimism the ...

Euro Steady, Markets Brace for Fed Statement--3rd Update

TODAY: May 25, 2015 PUB DATE: March 18, 2015

By Josie Cox The euro held on to small gains against the U.S. dollar Wednesday, ahead of a crucial policy announcement from the U.S. Federal Reserve that will likely provide clarity on the timing of a rate rise. The euro ...

Dollar Drops After Fed Pushes Back Interest-Rate Expectations

TODAY: May 25, 2015 PUB DATE: March 18, 2015

By James Ramage The dollar weakened against the euro and the yen on Wednesday as the Federal Reserve's policy committee pushed back market expectations for higher U.S. interest rates. The euro briefly hit a one-week high of $1.08 as traders ...

New Zealand Police Testing Some Infant Formula for Possible Tampering

TODAY: May 25, 2015 PUB DATE: March 18, 2015

By Rebecca Howard WELLINGTON, New Zealand--New Zealand police said some tins of infant formula are being tested after police received calls from the public concerned with possible product tampering, such as possible pin pricks in packaging lids. "In response to ...

Senate GOP Budget Plan Seeks to Balance Budget in 10 Years -- 3rd Update

TODAY: May 25, 2015 PUB DATE: March 18, 2015

By Kristina Peterson And Nick Timiraos WASHINGTON--Senate Republicans unveiled a 2016 budget blueprint on Wednesday that will match the House GOP's ambition to eliminate the annual federal deficit over a decade, but provided fewer details on how safety-net programs would ...

Valeant Raises Offer To $173/Share In New Deal for Salix--6th Update

TODAY: May 25, 2015 PUB DATE: March 17, 2015

By Liz Hoffman Valeant Pharmaceuticals International Inc. raised the takeover price for Salix Pharmaceuticals Ltd. by about a billion dollars in a new deal that knocked out rival bidder Endo International PLC. Valeant increased its per-share payment to $173 a ...

Australia's RBA to Move Cautiously on Rate Cuts

TODAY: May 25, 2015 PUB DATE: March 17, 2015

SYDNEY--Australia's central bank indicated Tuesday that while further interest rate cuts are likely over time to support growth and lower unemployment, it will likely move cautiously to see how the economy responds to earlier cuts. In minutes of its March ...

EU New Car Registrations Rise in February

TODAY: May 25, 2015 PUB DATE: March 17, 2015

By Neetha Mahadevan New car registrations in the European Union continued to recover in February after a strong start to the year, thanks to significant rebounds in countries that were hit hard by the economic crisis. New car registrations, a ...

China February FDI Rises 0.9% on Year

TODAY: May 25, 2015 PUB DATE: March 17, 2015

BEIJING--China attracted $8.56 billion of foreign direct investment in February, up 0.9% from a year earlier, the Ministry of Commerce said in a statement Tuesday. The figure was down significantly from January's $13.92 billion, which was 29.4% higher than a ...

Austria's February CPI Rises 0.8%

TODAY: May 25, 2015 PUB DATE: March 17, 2015

By Nicole Lundeen VIENNA--Prices in Austria continued to grow only slightly in February as prices for transportation and heating oil plummeted counteracting increases in other prices, the country's statistics office said Tuesday. Austria's consumer price index rose 0.8% on an ...

Turkey Keeps Interest Rates Steady

TODAY: May 25, 2015 PUB DATE: March 17, 2015

ISTANBUL--Turkey's central bank held interest rates steady on Tuesday, halting a two-month easing cycle after the lira slumped to record lows against the dollar and the government eased its pressure on policy makers to boost economic growth. The Monetary Policy ...

U.S. Housing Starts Plunge in February

TODAY: May 25, 2015 PUB DATE: March 17, 2015

By Kate Davidson Housing starts plunged in February, the latest sign that harsh winter weather is slowing economic activity. U.S. housing starts plunged 17% from a month earlier to a seasonally adjusted annual rate of 897,000 in February, the Commerce ...

Macerich Rejects Bid from Rival Mall Owner Simon Property--2nd Update

TODAY: May 25, 2015 PUB DATE: March 17, 2015

By Tess Stynes Macerich Co. rejected the takeover proposal from Simon Property Group Inc., saying the unsolicited $16 billion bid substantially undervalues the company. In addition, Macerich's board approved two governance changes aimed at making it harder for it to ...