Fed Releases 2015 Bank Stress Test Instructions

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

WASHINGTON--The Federal Reserve on Friday released instructions for its 2015 "stress test," giving big banks a list of areas to improve in the 2015 round of the closely watched exams. Formally known as the Comprehensive Capital Analysis and Review, or ...

IMF Lagarde: Markets May be Over-Reacting

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

By William Horobin PARIS--International Monetary Fund head Christine Lagarde said Friday that markets may be over-reacting to concerns about the global economy. Stock markets have swung wildly this week with sharp declines Wednesday, before a partial recovery Friday. "In general, ...

Russia's Sovereign Debt Downgraded by Moody's

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

By Maria Armental Moody's Investors Service on Friday downgraded Russia's debt one notch to Baa2, citing the country's fiscal uncertainty due to the Ukraine crisis and the expanded international sanctions stemming from that conflict. The downgrade puts the country's rating ...

Old Mutual PLC Old Mutual acquisition of Quilter -3-

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

Under the terms of the Acquisition, Old Mutual will pay consideration of up to GBP585 million at completion. A significant proportion of this consideration will be used to discharge outstanding third party debt and other non-operating liabilities of Quilter Cheviot. ...

Dollar Flat Against Yen Amid Nikkei Weakness

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

By Hiroyuki Kachi The dollar was flat against the yen in Asia trade Friday, with the greenback pressured by weakness in the Nikkei Stock Average as an overall mood of risk aversion continues to smolder. As of 0450 GMT, the ...

MARKET SNAPSHOT: U.S. Stocks Rally; GE Rises On Earnings Beat

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

By Anora Mahmudova and Sara Sjolin, MarketWatch NEW YORK (MarketWatch) -- U.S. stocks rallied on Friday, recovering some of the deep losses of the roller-coaster week, which had been colored by concerns about global growth and the spread of Ebola. ...

Virgin Australia to Buys Out Tiger Australia for A$1

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

SYDNEY--Virgin Australia Ltd. (VAH.AU), reporting a steep first-quarter loss, said Friday its has offered a nominal one Australian dollar (US$0.88) to buy the remaining 40% of budget carrier Tiger Australia it doesn't already own. The Australian carrier agreed to buy ...

Brazil's Central Bank Approves Itau, Corpbanca Merger

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

SAO PAULO--The Brazilian central bank approved the merger of Chile-based commercial bank CorpBanca and the Chilean unit of Brazil's giant Itaú Unibanco Holding SA (ITUB), announced in January. "The completion of the transaction remains subject to the satisfaction of other ...

Fed's Yellen Says Extreme Inequality Could Be Un-American

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

By Pedro Nicolaci da Costa BOSTON--Federal Reserve Chairwoman Janet Yellen delivered a strong indictment of rising inequality of wealth and income in the U.S., saying it was creating a vicious circle that was impeding the economic mobility that used to ...

Russia Spends $13 Billion Defending Ruble

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

MOSCOW--The Bank of Russia sold as much as $12.95 billion in the first half of October to support the ruble as the falling oil prices battered the sanctions-hit Russian economy, the central bank's data showed Friday. The central bank said ...

European Shares Recover After Recent Selloff

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

European shares steadied on Friday, as the previous session's recovery on Wall Street helped return a semblance of calm to stock markets. The Stoxx Europe 600 index was 0.5% higher in early trade. The pan-European benchmark remains more than 3% ...

U.S. Treasury Prices Pull Back, as Stocks Find Footing

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

By Cynthia Lin U.S. Treasury prices declined on Friday, as riskier assets found their footing after wild swings across financial markets in the past week. In late-afternoon trading, benchmark 10-year notes fell 13/32 in price to yield 2.198%. The rate ...

Greece to Seek Precautionary Credit Line

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

ATHENS--Greek Prime Minister Antonis Samaras said Friday that his government was ready to negotiate a precautionary credit line to protect the country from market turmoil, even as it prepares to exit its current bailout program. Speaking in Milan after a ...

Elliott Nominates Board Slate at Family Dollar -- Update

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

By Josh Beckerman Activist Elliott Management Corp. nominated a slate of seven candidates to the board of Family Dollar Stores Inc., saying the existing leadership missed an opportunity to "facilitate a bidding war" between Dollar Tree Inc. and Dollar General ...

CURRENCIES: Dollar Stages Recovery Against Yen, Euro

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

By Joseph Adinolfi, MarketWatch NEW YORK (MarketWatch) -- The dollar recovered against the yen and euro, but remained lower against most other rivals in relatively muted afternoon for currency traders on Thursday. Investors weren't eager to place directional bets (i.e. ...

Market Sell-Off an 'Over-Reaction,' Get Ready for Rebound: AXA

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

0301 GMT [Dow Jones] AXA chief economist Eric Chaney dismisses the sharp sell-off in global markets this month as overdone and tells clients to prepare for a rebound. U.S. Treasury yields at 2% "cannot be justified unless a U.S. recession ...

Oil Markets Steady but Traders Unsure Prices Will Hold

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

By Eric Yep Oil markets took a breather in Asian trade Friday and stayed in positive territory, stemming further losses, but traders were still wary of calling a bottom. On the New York Mercantile Exchange, light, sweet crude futures for ...

Oil Markets Steady but Traders Unsure Prices Will Hold

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

Oil markets took a breather in Asian trade Friday and stayed in positive territory, stemming further losses, but traders were still wary of calling a bottom. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November ...

BOJ: Inflation Rate Moving Toward 2%

TODAY: Jan. 28, 2015 PUB DATE: Oct. 17, 2014

TOKYO--Bank of Japan Gov. Haruhiko Kuroda said Friday that the central bank is "steadily" on track to achieve its inflation target of 2%, suggesting he feels little pressure to ramp up stimulus efforts despite a sluggish economy and a tumbling ...