South Korea Exports Grow 3.7% in December

TODAY: March 30, 2015 PUB DATE: Jan. 1, 2015

By Kwanwoo Jun SEOUL--South Korea's exports grew faster than expected in December, data showed Thursday. Exports in December rose 3.7% from a year earlier to $49.74 billion, following a revised 2.1% drop in November, provisional data at the trade ministry ...

Housing Market Enters 2015 on a Steady Note

TODAY: March 30, 2015 PUB DATE: Jan. 1, 2015

By Nick Timiraos The U.S. housing market failed to provide the lift to the economy over the past year that many analysts expected. It enters a new year with few signs pointing to either a renewed breakout or a sharp ...

Get Used to Cheap Oil

TODAY: March 30, 2015 PUB DATE: Jan. 1, 2015

By Nicole Friedman Plunging oil prices in the second half of 2014 upended global economic forecasts, boosted consumer spending and roiled markets from Moscow to Midland, Texas. Now, analysts and investors--U.S. prices dropped from $107.26 a barrel in June to ...

To Last, M&A Boom Needs to Broaden

TODAY: March 30, 2015 PUB DATE: Jan. 1, 2015

By Dana Mattioli And Dana Cimilluca After years in the doldrums, the mergers-and-acquisitions market came roaring back to life last year. Whether the surge will continue depends largely on the abilityof that recovery to widen beyond a narrow group of ...

South Korea Exports Grow 3.7% in December - Update

TODAY: March 30, 2015 PUB DATE: Jan. 1, 2015

By Kwanwoo Jun SEOUL--South Korea's exports grew faster than expected in December, ending 2014 on a sanguine note and helping ease concerns about Asia's fourth-largest economy losing steam. Policy makers in Seoul attributed the strong year-end performance in trade to ...

Eurozone Girds for Another Tough Year

TODAY: March 30, 2015 PUB DATE: Jan. 1, 2015

By Josie Cox Investors are bracing for another tumultuous year in the beleaguered eurozone as hopes run low that the European Central Bank will be able to quickly lift the currency bloc out of a period of extremely low inflation. ...

China Official Manufacturing PMI Falls in December -- Update

TODAY: March 30, 2015 PUB DATE: Jan. 1, 2015

By Richard Silk BEIJING--There was more evidence of weakness in China's huge manufacturing sector in December, a soft end to the year that suggests the country will likely miss its 2014 economic growth target. The government's official manufacturing Purchasing Managers ...

Indian Auto Prices to Rise After Tax Break Expires

TODAY: March 30, 2015 PUB DATE: Jan. 1, 2015

By Santanu Choudhury NEW DELHI--A tax on cars, sport-utility vehicles and trucks in India will rise as much as six percentage points this month following the government's decision not to extend a tax break on automobiles. The step comes just ...

European Stagnation and Frustration Deepen Risks for Eurozone

TODAY: March 30, 2015 PUB DATE: Dec. 31, 2014

By Marcus Walker BERLIN--Europe's currency union enters 2015 facing the toughest challenges since its government-bond crisis ebbed three years ago. Barring a change of fortune or policies, growth in the eurozone could become chronically slow, even by the standards of ...

China HSBC Manufacturing PMI Slips in December

TODAY: March 30, 2015 PUB DATE: Dec. 31, 2014

BEIJING--The HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, fell to a final reading of 49.6 in December from 50.0 in November, HSBC Holdings PLC said Wednesday. A reading below 50 indicates a contraction in manufacturing ...

Brazilian President Faces Rockier Second Term

TODAY: March 30, 2015 PUB DATE: Dec. 31, 2014

By Rogerio Jelmayer, Paulo Trevisani and Jeffrey Lewis SÃO PAULO--When Brazilian President Dilma Rousseff is reinaugurated on Thursday, she'll start her second term without the political goodwill and robust economic growth she inherited four years ago. With the commodities boom ...

Oil Prices Hit Again

TODAY: March 30, 2015 PUB DATE: Dec. 31, 2014

LONDON--The rout in oil markets continued into the last day of the year as weaker Chinese economic data and a buildup in U.S. crude stockpiles fueled the bearish sentiment that drove prices off a cliff in 2014. The selloff that ...

U.S. Jobless Claims Rise to 298K

TODAY: March 30, 2015 PUB DATE: Dec. 31, 2014

By Jonathan House and Ben Leubsdorf WASHINGTON-The number of Americans filing for first-time unemployment benefits rose last week, though they remained near post-recession lows. Initial jobless claims increased by 17,000 to a seasonally adjusted 298,000 in the week ended Dec. ...

Asian Shares Mostly Flat

TODAY: March 30, 2015 PUB DATE: Dec. 31, 2014

By Chao Deng Stocks in Asia hovered close to flat Wednesday, as a gauge of China's manufacturing activity reaffirmed a slowdown in the world's second-largest economy. The HSBC China manufacturing purchasing managers index fell to a final reading of 49.6 ...

China PBOC Sees Need for Flexible Monetary Policy

TODAY: March 30, 2015 PUB DATE: Dec. 31, 2014

BEIJING--China's central bank said Wednesday that it would keep its monetary policy flexible as the world's second-largest economy grows in a "reasonable range." The People's Bank of China also said it would maintain its prudent monetary policy while ensuring that ...

Costs of Detroit's Bankruptcy Reach About $178 Million

TODAY: March 30, 2015 PUB DATE: Dec. 31, 2014

By Sara Randazzo Legions of lawyers, consultants and other advisers have been paid nearly $178 million for their work on Detroit's historic bankruptcy, a number that comes in under budget but still makes it the most expensive municipal restructuring in ...

Dollar Ends Best Year in More Than a Decade Vs Yen, Euro

TODAY: March 30, 2015 PUB DATE: Dec. 31, 2014

By James Ramage The dollar is on track to close 2014 with its strongest year against rival currencies in more than a decade after investors piled into U.S. assets in anticipation of higher interest rates. The WSJ Dollar index, which ...

REITs Notch Biggest Gains in Nearly a Decade

TODAY: March 30, 2015 PUB DATE: Dec. 31, 2014

By Robbie Whelan Real-estate investment trusts were among the hottest stocks of the year, propelled to their biggest gains in nearly a decade by low interest rates and an improving economy. REITs, which own properties as diverse as office buildings, ...

Some Fund Managers Say Chinese Stocks Can Go Higher

TODAY: March 30, 2015 PUB DATE: Dec. 31, 2014

By Chao Deng Chinese stocks rose more than 50% this year but for many fund managers, the market hasn't run out of steam. Gains in Shanghai have accelerated since Nov. 21, when the central bank cut interest rates for the ...

Oil Prices Hit Again by Weak China Data, Buildup in U.S. Stockpiles

TODAY: March 30, 2015 PUB DATE: Dec. 31, 2014

By Nicole Friedman And Georgi Kantchev NEW YORK--Brent oil futures, the global benchmark, are down about 50% for the year as plentiful supplies and tepid demand have sent prices plunging since June. Weak Chinese economic data weighed on the market ...