Dealing With Nontaxable Rental Income

TODAY: Oct. 22, 2014 PUB DATE: July 6, 2014

By Tom Herman Q: I have rented out my home for a film shoot for 10 days and expect to receive a Form 1099. I have read about this in various sources, including the Internal Revenue Service and a column ...

As Food Prices Rise, Fed Keeps a Watchful Eye

TODAY: Oct. 22, 2014 PUB DATE: July 6, 2014

By Ben Leubsdorf and Jon Hilsenrath U.S. food prices are on the rise, raising a sensitive question: When the cost of a hamburger patty soars, does it count as inflation? It does to everyone who eats and especially poorer Americans, ...

IMF's Lagarde: Public Investment Can Aid Growth -- Update

TODAY: Oct. 22, 2014 PUB DATE: July 6, 2014

By William Horobin AIX-EN-PROVENCE, France--International Monetary Fund managing director Christine Lagarde said Sunday that public investment should be ramped up in some countries as the global economic recovery remains fragile and laborious. "In the current context of a weak growth ...

ECB Aware Current Monetary Policy Increases Risk of Asset Bubbles

TODAY: Oct. 22, 2014 PUB DATE: July 6, 2014

By Inti Landauro AIX-EN-PROVENCE, France--European Central Bank executive board member Benoit Coeure says the bank's current monetary policy of interest rates close to zero for a long period increases the risk of asset price bubbles. Mr. Coeure said the International ...

ECB Aware Current Monetary Policy Increases Risk of Asset Bubbles

TODAY: Oct. 22, 2014 PUB DATE: July 6, 2014

By Inti Landauro AIX-EN-PROVENCE, France--European Central Bank executive board member Benoit Coeure says the bank's current monetary policy of interest rates close to zero for a long period increases the risk of asset price bubbles. Mr. Coeure said the International ...

French Finance Minister: Targets EUR21 Billion Of Savings In 2015

TODAY: Oct. 22, 2014 PUB DATE: July 6, 2014

By William Horobin AIX-EN-PROVENCE, France--French Finance Minister Michel Sapin said Sunday the government will concentrate the largest share of a three year spending cut plan in 2015 to finance tax cuts for business and accelerate deficit reduction. The French government ...

IMF's Lagarde: Raising Public Investment Can Give Impetus to Growth

TODAY: Oct. 22, 2014 PUB DATE: July 6, 2014

By William Horobin AIX-EN-PROVENCE, France--International Monetary Fund managing director Christine Lagarde said Sunday that public investment should be ramped up in some countries as the global economic recovery remains fragile and laborious. "In the current context of a weak growth ...

ECB Aware Current Monetary Policy Increases Risk of Asset Bubbles

TODAY: Oct. 22, 2014 PUB DATE: July 6, 2014

By Inti Landauro AIX-EN-PROVENCE, France--European Central Bank executive board member Benoit Coeure says the bank's current monetary policy of interest rates close to zero for a long period increases the risk of asset price bubbles. Mr. Coeure said the International ...

Total CEO: Weak Oil-Refining Business Weighed on Second-Quarter Profit

TODAY: Oct. 22, 2014 PUB DATE: July 5, 2014

By Inti Landauro AIX-EN-PROVENCE, France--Weak oil-refining conditions weighed on the second-quarter profit of French oil major Total SA (TOT, FP.FR), Chief Executive Christophe de Margerie said Saturday. "There is news that refining margins were extremely weak in the second quarter ...

Oil Futures Steady After Post-Spike Slide

TODAY: Oct. 22, 2014 PUB DATE: July 4, 2014

By Cassie Werber Crude oil futures were steady Friday, hovering close to levels at which they had traded before Iraq's crisis sent them skyward. Brent crude oil was down 0.05% at $110.94 a barrel on ICE Futures Europe. WTI was ...

Sweden Signals Tighter Rules on Household Borrowing in Pipeline

TODAY: Oct. 22, 2014 PUB DATE: July 4, 2014

By Charles Duxbury VISBY, Sweden--Sweden's finance minister Friday signalled that tighter rules on household borrowing could be imminent amid concerns that Swedes could be taking on too much debt to buy homes. Anders Borg said that officials from the central ...

China, S. Korea Agree on Yuan Clearing in Seoul

TODAY: Oct. 22, 2014 PUB DATE: July 4, 2014

BEIJING--China and South Korea have agreed to increase the use of yuan currency in cross-border transactions by establishing yuan clearing in Seoul, the People's Bank of China said Friday. Clearing banks in Seoul will be nominated later, the PBOC said ...

German Manufacturing Orders Drop More Than Expected

TODAY: Oct. 22, 2014 PUB DATE: July 4, 2014

By Todd Buell FRANKFURT--German manufacturing orders fell by more than expected in May, as both foreign and domestic orders dropped, official data showed Friday. Orders fell 1.7% compared with a month earlier in adjusted terms, after economists surveyed by The ...

GDF Suez CEO: Will Respect Governance Rules on CEO Age Limit

TODAY: Oct. 22, 2014 PUB DATE: July 4, 2014

By Inti Landauro AIX-EN-PROVENCE, France--Gerard Mestrallet, the chief executive of power utility GDF Suez (GSZ.FR) said Friday he will respect the company's governance rules that set an age limit on the top job. "There are governance rules at GDF Suez ...

Robust Job Gains Mask Soft Spots in Economy

TODAY: Oct. 22, 2014 PUB DATE: July 4, 2014

By Jonathan House and Eric Morath The U.S. economic expansion is entering its sixth year with a shiny exterior after the best stretch of job growth in almost a decade. But under the hood, the recovery's engine continues to sputter. ...

Malaysia May Exports +16.3% Year Over Year

TODAY: Oct. 22, 2014 PUB DATE: July 4, 2014

By Jason Ng KUALA LUMPUR, Malaysia--Exports from Malaysia expanded 16.3% year over year in May, official data showed Friday. This was thanks to an increase in shipments of electronics, crude oil and palm oil to Southeast Asia, Japan, E.U. countries ...

Decreased industrial production

TODAY: Oct. 22, 2014 PUB DATE: July 4, 2014

Press release from Statistics Sweden 2014-07-04 9:30 AM Nr 2014:425 Industrial production index (IPI), May 2014: Decreased industrial production Industrial production decreased in May by 3.2 percent compared to April, corrected for seasonal effects. Compared with May 2013, industrial production ...

Sweden Cuts Growth Forecasts

TODAY: Oct. 22, 2014 PUB DATE: July 4, 2014

VISBY, Sweden--Sweden's finance ministry on Friday cut its economic growth forecasts for this year and next, citing lower-than-expected demand for the country's exports. Finance Minister Anders Borg said gross domestic product is now expected to grow 2.5% this year, compared ...

Brazil Itau Sells High-Risk Insurance Unit For BRL1.5 Billion to ACE

TODAY: Oct. 22, 2014 PUB DATE: July 4, 2014

By Rogerio Jelmayer SAO PAULO--Brazil private-sector bank Itau Unibanco Holding S.A. (ITUB, ITUB3.BR, ITBUB4.BR) on Friday said it sold its high-risk insurance unit to U.S. insurance company ACE Ltd. (ACE) for a total of 1.5 billion Brazilian reais ($682 million). ...

Robust Job Gains Mask Soft Spots in Economy

TODAY: Oct. 22, 2014 PUB DATE: July 4, 2014

By Jonathan House and Eric Morath The U.S. economic expansion is entering its sixth year with a shiny exterior after the best stretch of job growth in almost a decade. But under the hood, the recovery's engine continues to sputter. ...