M2 Group Offers $1.18 Billion for iiNet

TODAY: July 6, 2015 PUB DATE: April 27, 2015

SYDNEY--M2 Group (MTU.AU) has launched a takeover offer for internet-service-provider iiNet Ltd. (IIN.AU), setting the scene for a possible bidding war with TPG Telecom Ltd. (TPM.AU). M2 Group's all-scrip offer values the target at 1.5 billion Australian dollars (US$1.18 billion), ...

MARKET SNAPSHOT: U.S. Stocks: Futures Inch Higher, Point To Records

TODAY: July 6, 2015 PUB DATE: April 27, 2015

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch Asian stocks rally U.S. stock-index futures moved higher Monday, pointing to fresh records on Wall Street. Investors remain optimistic about results from thelargest company on the market, Apple Inc., which is expected to ...

Spain to Lift 2015 Growth Target -- Update

TODAY: July 6, 2015 PUB DATE: April 27, 2015

By David Román MADRID--Spain's economy is expected to grow 2.9% this year, Prime Minister Mariano Rajoy said Monday, touting the improved forecast as a result of his government's spending curbs and warning against populist alternatives in this year's elections. Mr. ...

Greece Shuffles Team Negotiating With Creditors

TODAY: July 6, 2015 PUB DATE: April 27, 2015

ATHENS--Greece has shuffled the team involved in bailout talks with the country's international creditors, a senior government official said Monday, in a move that may reduce the influence outspoken Greek finance minister Yanis Varoufakis has on the slow-moving negotiations. The ...

MARKET SNAPSHOT: U.S. Stocks Retreat From Highs Ahead Of Fed Meeting

TODAY: July 6, 2015 PUB DATE: April 27, 2015

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch Apple Inc. first-quarter earnings in focus U.S. stocks closed slightly lower Monday, with the S&P; 500 and Nasdaq Composite retreating from record levels set on Friday. Investorsconsolidated last week's solid gains and turned ...

Pound Buoyant Despite Election Uncertainty--Update

TODAY: July 6, 2015 PUB DATE: April 27, 2015

By Tommy Stubbington and Josie Cox Investors hate uncertainty, the old cliché runs. But ahead of one of the least certain elections in recent U.K. history, investors in sterling seem mostly buoyant. The British pound has bounced back in recent ...

Dollar Weakens Ahead of Fed Policy Meeting

TODAY: July 6, 2015 PUB DATE: April 27, 2015

By James Ramage The dollar fell against the euro and the yen on Monday amid concerns the Federal Reserve's policy-making committee meeting this week could offer little guidance on the timing of its next interest rate increase. The Wall Street ...

Multinationals Shift Investment Focus to Developed Countries: Survey

TODAY: July 6, 2015 PUB DATE: April 27, 2015

By Dan Keeler Multinational companies are increasingly focusing their foreign investment in developed countries, favoring technological development and productivity over cheap labor. Among the top 25 countries targeted for foreign direct investment by global companies, almost three quarters are in ...

Dollar Flat Against Yen Ahead of FOMC, BOJ Meetings

TODAY: July 6, 2015 PUB DATE: April 27, 2015

By Hiroyuki Kachi The dollar was largely flat against the yen in quiet Asia trade Monday, with investors taking a wait-and-see stance ahead of monetary policy meetings both in the U.S. and Japan later this week. Around 0250 GMT, the ...

Oil Sustains Month-Long rally, Brent Trades Over $65/Bbl

TODAY: July 6, 2015 PUB DATE: April 27, 2015

By Eric Yep Crude-oil futures were steady to slightly lower in Asian trade Monday as investors weighed supply-demand fundamentals amid weakening confidence in the latest price rally. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

Spain to Lift 2015 Growth Target

TODAY: July 6, 2015 PUB DATE: April 27, 2015

MADRID--The Spanish government plans to raise its economic growth target for this year to 2.9% from the current 2.4%, Prime Minister Mariano Rajoy said Monday. Spain's economy is expected to keep adding jobs at a record-breaking pace this year and ...

Oil Drifts Lower; Brent Falls Below $65 a Barrel

TODAY: July 6, 2015 PUB DATE: April 27, 2015

By Eric Yep Crude-oil futures were lower in European trade on Monday as investors weighed supply-demand fundamentals amid weakening confidence in the latest price rally. On the New York Mercantile Exchange, light, sweet crude futures for delivery in June traded ...

U.S. Treasury Bonds Lower Before Auction

TODAY: July 6, 2015 PUB DATE: April 27, 2015

By Min Zeng U.S. Treasury bonds pulled back on Monday as investors took some chips off the table before this week's new debt sales. A $26 billion sale of two-year Treasury notes is due at 1 p.m. EDT Monday, the ...

Mylan Rejects Teva's Unsolicited $40 Billion Bid

TODAY: July 6, 2015 PUB DATE: April 27, 2015

By Tess Stynes Mylan N.V. said its board unanimously rejected the unsolicited bid from Teva Pharmaceutical Industries Ltd., the latest move in a three-way tussle in a generic-drug industry facing challenges from slowing growth. A Teva spokesman wasn't immediately available ...

Brazil Consumer Confidence Picks Up in April

TODAY: July 6, 2015 PUB DATE: April 27, 2015

By Rogerio Jelmayer SAO PAULO--Brazil's consumer confidence picked up in April, marking the first increase of the year, but it was attributed more to the low level of comparison basis than to an improvement of the country's economic conditions. Brazil's ...

Italy's Padoan: No Discussion on Plan B for Greece

TODAY: July 6, 2015 PUB DATE: April 27, 2015

ROME--Italy's Economy Minister Pier Carlo Padoan said on Monday that there hasn't been any discussion on an alternative plan for Greece at the last meeting of euro-zone finance ministers, after a deadlock in negotiations prompted some euro-zone ministers to suggest ...