Malaysia Auto Group Forecasts Better 2015 Sales

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By Jason Ng KUALA LUMPUR, Malaysia--The Malaysian Automotive Association said Wednesday vehicle sales growth is expected to pick up slightly in 2015 amid continued domestic economic expansion and better sales of local brands. The association, which represents more than a ...

Toyota Expects Vehicle Sales to Slip This Year--Update

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By Eric Pfanner TOKYO-- Toyota Motor Corp. hung on to its position as the world's top-selling auto maker last year, but said Wednesday it expects sales to slip this year, putting Volkswagen AG in a position to take the crown. ...

European Stocks Pause Ahead of ECB Meeting

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By Josie Cox European stocks paused after four consecutive sessions of gains Wednesday, ahead of a key European Central Bank meeting on Thursday at which markets broadly expect the bank to announce a lofty bolstering of its asset purchase program ...

AIG Buys Irish Health-Insurance Provider Laya

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By Angela Chen American International Group Inc. on Wednesday said it agreed to acquire Laya Healthcare, Ireland's second-largest health-insurance provider, as the insurance conglomerate looks to grow its health offerings overseas. "Building on Laya Healthcare's success serving customers in Ireland ...

Swiss Economic Expectations Slide in January on Strong Franc

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By Neil MacLucas ZURICH--Economic expectations in Switzerland slid in January as financial analysts assessed the potential damage to the economy from the unexpected surge in the Swiss franc after the country's central bank scrapped its cap on the currency. A ...

China's Economy Is Stable, Says PBOC's Zhou

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By a WSJ Staff Reporter DAVOS, Switzerland--China's central bank is confident that the country's economy is stable with a relatively high growth rate, People's Bank of China Governor Zhou Xiaochuan said Wednesday, despite recent data showing China's growth rate slipped ...

Housing Starts End Year Solidly, up 4.4%--Update

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By Josh Mitchell And Kris Hudson WASHINGTON--A burst of groundbreakings for single-family homes last month offered hope a key segment of the housing market is revving up after years of malaise. Housing starts rose 4.4% in December from a month ...

Renewed Grexit Debate Unfortunate, Says Euro Commissioner

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

DAVOS, Switzerland--Greece is finally coming out of its long financial and economic crisis and needs to sustain the advances it has made and avoid further instability, the European Commission's vice president for the euro said on Wednesday. On the sidelines ...

Brevan Howard Cut Negative Bet on Franc--Update

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By Laurence Fletcher Hedge fund Brevan Howard survived last week's currency market turmoil unscathed after cutting back a negative bet on the Swiss franc shortly before it soared, said three people familiar with the matter. The Swiss National Bank shocked ...

Dollar Slips Against Euro Before ECB Meeting

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By James Ramage The dollar skidded against the euro Wednesday as investors awaited the results of the European Central Bank's coming meeting. The euro gained 0.3%, rising to $1.1582. The common currency, which is trading just above an 11-year-low, has ...

FXCM Increases Margin Requirements

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

FXCM Inc. said it would increase its margin requirements for foreign-exchange products globally, as well as gold in overseas jurisdictions, pointing to currency volatility that the foreign-exchange broker said could roil markets throughout this year. The decision, which is effective ...

Kinder Morgan to Acquire Hiland and its Bakken Assets

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

Kinder Morgan Inc. (KMI) said it plans to acquire Hiland Partners from its founder Harold Hamm in a deal valued at roughly $3 billion, providing a substantial footprint in one of the most prolific oil-producing basins in the U.S. The ...

Russian 2014 Budget Deficit at 0.5% of GDP - Finance Ministry

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By Alexander Kolyandr MOSCOW--Russia's budget ran a deficit of 0.5% of the gross domestic product, the finance ministry said Wednesday, citing preliminary figures. A weakening ruble, which lost almost 50% of its value during 2014, failed to mitigate the loss ...

Michigan Gov. Rick Snyder Calls for Tax Increase for Road Repair

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By Matthew Dolan Michigan Gov. Rick Snyder called on voters Tuesday to approve a tax increase this spring to improve the state's roads and schools. But the second-term Republican in his annual address to the legislature didn't detail how he ...

China Confronts 'New Normal' of Slower Growth

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By Mark Magnier, Lingling Wei and Peter Evans BEIJING--China's slipping economic momentum is driving the government to seek new sources of growth and pushing multinationals and Chinese companies to look for a Plan B to prosper in the world's second-largest ...

Republicans Reject Obama's Main Economic Proposals--Update

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By Kristina Peterson And Siobhan Hughes WASHINGTON--Congressional Republicans rejected the central economic proposals underpinning President Barack Obama State of the Union address Tuesday night, but acknowledged the potential for compromise on a sliver of lower-profile issues. In his first joint ...

Obama Proposal to Cut 529 Plan Tax Benefits Meets Opposition

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By John D. McKinnon and Kristina Peterson WASHINGTON--A White House proposal to trim tax benefits of popular college-savings accounts is stirring opposition in Congress, and complicating negotiations over efforts to streamline education tax breaks. The proposal, part of a tax ...

European Stocks Pause Ahead of ECB Meeting - Update

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By Josie Cox European stocks paused Wednesday after four consecutive sessions of gains, ahead of a key European Central Bank meeting Thursday at which market participants broadly expect the bank to announce a lofty bolstering of its asset-purchase program to ...

New Zealand Inflation Jolts Rate Bets

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By Lucy Craymer WELLINGTON, New Zealand--Bets are shifting as to when New Zealand's central bank will next move on interest rates--and in which direction--after inflation fell below the reserve bank's target range for the first time in 18 months. In ...

UK Living Standards Perk Up in November, Unemployment Drops

TODAY: April 1, 2015 PUB DATE: Jan. 21, 2015

By Jon Sindreu and Nicholas Winning LONDON--Economic conditions for British workers continued to improve in November, as low inflation kept boosting living standards and the jobless rate fell below 6% for the first time in more than six years. Average ...