Russia Consumer Inflation Likely to Reach Double Digits

TODAY: March 3, 2015 PUB DATE: Dec. 1, 2014

MOSCOW--Consumer inflation in Russia is likely to reach double-digit readings in early 2015 for the first time in several years, the central bank's first deputy chairwoman Ksenia Yudaeva said on Monday, Interfax news agency reported. The Bank of Russia had ...

Moody's Downgrades Japan's Debt

TODAY: March 3, 2015 PUB DATE: Dec. 1, 2014

TOKYO-- Moody's Investors Service downgraded Japan's government debt rating on Monday by one notch, the first downgrade by a major rating firm since 2012. Citing "heightened uncertainty over the achievability of fiscal deficit reduction," Moody's downgraded Japan's government debt to ...

Italy GDP Confirms 0.5% Contraction

TODAY: March 3, 2015 PUB DATE: Dec. 1, 2014

By Liam Moloney ROME--Lower fixed investment pulled Italy's economy lower in the third quarter, the national statistics institute Istat said Monday, as it confirmed the country slipped back into recession for the third time since 2008. Italian gross domestic product ...

Polish November PMI Accelerates to 53.2 Points vs 51.2

TODAY: March 3, 2015 PUB DATE: Dec. 1, 2014

WARSAW--Poland's manufacturing sector unexpectedly accelerated in November thanks to rising output and new orders, a survey of 300 industrial companies prepared by Markit Economics for HSBC showed Monday. The survey showed the manufacturing purchasing managers' index rose to 53.2 points ...

Statoil Completes Field Sales to Wintershall

TODAY: March 3, 2015 PUB DATE: Dec. 1, 2014

By Dominic Chopping Norway's Statoil ASA (STO) said Monday it has now completed the previously announced deals with Germany's Wintershall to reduce stakes in the Aasta Hansteen, Asterix and Polarled fields and exit the Vega and Gjoa fields on the ...

Ruble Hits New Low as Oil Prices Drop -- 2nd Update

TODAY: March 3, 2015 PUB DATE: Dec. 1, 2014

By Andrey Ostroukh and Chiara Albanese MOSCOW--The ruble plunged to record lows Monday, amid its sharpest fall this year, as investors sold the currency following a dive in the price of oil--Russia's main source of foreign-currency revenues. The ruble slid ...

MARKET SNAPSHOT: S&P 500 Set For Biggest Drop In Weeks

TODAY: March 3, 2015 PUB DATE: Dec. 1, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch Weak Black Friday sales could hit retailers NEW YORK (MarketWatch) -- U.S. stocks fell sharply on Monday, as investors returned from holidays to abatch of depressing economic news from China and turbulence in ...

Oil Weighs on Markets, Ruble Crumbles -- 3nd Update

TODAY: March 3, 2015 PUB DATE: Dec. 1, 2014

By Tommy Stubbington and Josie Cox The recent slump in oil prices continued to weigh on global markets Monday, dragging down stocks and hammering the Russian ruble in particular. Brent crude oil dropped more than 3.5% to $67.53 a barrel ...

Press Release: PMI(R) at 58.7%; November -3-

TODAY: March 3, 2015 PUB DATE: Dec. 1, 2014

The 12 industries reporting increased order backlogs in November -- listed in order -- are: Textile Mills; Petroleum & Coal Products; Furniture & Related Products; Fabricated Metal Products; Paper Products; Primary Metals; Electrical Equipment, Appliances & Components; Machinery; Transportation Equipment; ...

Deutsche Bank Expected to Sell Arrowgrass Stake -- Update

TODAY: March 3, 2015 PUB DATE: Dec. 1, 2014

By Juliet Chung Deutsche Bank AG is in advanced talks to sell its minority stake in London-based hedge-fund firm Arrowgrass Capital Partners LLP to Foundation Capital Partners, according to people familiar with the matter. Foundation, a private-equity firm, is expected ...

Freeport-McMoRan Nears Settlement of Shareholder Lawsuit -- 2nd Update

TODAY: March 3, 2015 PUB DATE: Nov. 30, 2014

By Liz Hoffman Freeport-McMoRan Inc. is nearing a settlement of more than $100 million to resolve allegations its board and executives had conflicts of interest while negotiating the natural-resource company's $9 billion purchase of two affiliates last year, according to ...

Swiss Voters Reject Initiative on Central-Bank Gold --2nd Update

TODAY: March 3, 2015 PUB DATE: Nov. 30, 2014

By Neil MacLucas ZURICH--Swiss voters overwhelmingly rejected an initiative on Sunday that would have forced the country's central bank to hold one-fifth of its assets in gold, a move that would have eroded its ability to conduct monetary policy. Citing ...

Swiss Voters Reject Central-Bank Gold Initiative --Update

TODAY: March 3, 2015 PUB DATE: Nov. 30, 2014

By Neil MacLucas ZURICH--Swiss voters on Sunday overwhelmingly rejected an initiative that would have forced the country's central bank to hold a fifth of its assets in gold, which would have eroded its ability to conduct monetary policy. Citing projections ...

Altice SA in Exclusive Talks With Oi SA to Buy PT Portugal -- Update

TODAY: March 3, 2015 PUB DATE: Nov. 30, 2014

By Ruth Bender and Shayndi Raice PARIS--Deal-hungry Altice SA Sunday said it has entered exclusive talks to buy Portugal's former telecom monopoly from its Brazilian owner for EUR7.4 billion, as the Luxembourg telecom group nears its second-largest deal since buying ...

China November New-Home Prices Down for Seventh Straight Month

TODAY: March 3, 2015 PUB DATE: Nov. 30, 2014

By Esther Fung SHANGHAI--China's new-home prices fell in November for the seventh straight month but at a slightly milder pace for the second straight month, as Beijing's recent move to cut benchmark interest rates further boosted sentiment among homebuyers who ...

Freeport-McMoRan Nears Settlement Over McMoRan, Plains Deals

TODAY: March 3, 2015 PUB DATE: Nov. 30, 2014

By Liz Hoffman Freeport-McMoRan Inc. is nearing a settlement of more than $100 million to resolve allegations its board and executives had conflicts of interest while negotiating the natural-resource company's $9 billion purchase of two affiliates last year, according to ...

Australia's Abbott Suffers Setback as Labor Wins Victoria Election

TODAY: March 3, 2015 PUB DATE: Nov. 30, 2014

By Rob Taylor CANBERRA, Australia-- Tony Abbott suffered a major setback to his reform ambitions after the prime minister's governing Liberal party lost control of one of the country's key states. The disappointing result for the conservatives in Victoria, Australia's ...

Swiss Reject Initiative to End Tax Breaks for Foreign Residents

TODAY: March 3, 2015 PUB DATE: Nov. 30, 2014

By Neil MacLucas ZURICH--Swiss voters on Sunday rejected an initiative that would have ended tax breaks for wealthy foreigners and drained revenue from many small towns that cater to them. Roughly 60% of voters opposed the initiative, known as "Stop ...

Centerbridge Nearing a Deal to Buy IPC Systems from Silver Lake

TODAY: March 3, 2015 PUB DATE: Nov. 30, 2014

By Dana Mattioli And Mike Spector Investment firm Centerbridge Partners LP is nearing a deal to buy IPC Systems Inc., a communications company for financial trading, for more than $1.1 billion including debt, according to people familiar with the matter. ...

New Zealand 3Q Terms of Trade -4.4% Vs 2Q; Market Expected -4.8%

TODAY: March 3, 2015 PUB DATE: Nov. 30, 2014

By Rebecca Howard WELLINGTON, New Zealand--New Zealand's terms of trade, a gauge of the country's purchasing power, fell in the third quarter, dragged down by falling dairy and forestry product prices. The merchandise, or goods, terms-of-trade index fell 4.4% from ...