CURRENCIES: Dollar Extends Gains After Yellen's Comments

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

By Hiroyuki Kachi The dollar was higher against major rivals Wednesday, slightly extending its overnight gain following comments by the head of the Federal Reserve, but finding it unable to advance much further without fresh cues during the Asian session. ...

Fed's George Says Economy Is 'Best Served' by Fed Raising Rates

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

By Michael S. Derby NEW YORK--Federal Reserve Bank of Kansas City President Esther George said Tuesday the economy would be "best served" by a steady and gradual campaign of short-term interest-rate increases by the U.S. central bank. "Today's economy, with ...

Fed's George Says Economy 'Best Served' by Raising Rates

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

NEW YORK--Federal Reserve Bank of Kansas City President Esther George said Tuesday the economy would be "best served" by a steady and gradual campaign of short-term interest-rate increases by the U.S. central bank. "Today's economy, with a strengthening labor market ...

China Confident of Maintaining Steady Growth -Official

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

BEIJING--China will maintain steady economic growth in the second half, National Bureau of Statistics spokesman Sheng Laiyun said Wednesday. Economic growth is within a "reasonable range" and employment is largely stable, Mr. Sheng said at a quarterly briefing. The economy ...

Dow Rises to Record Close

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

By Alexandra Scaggs The Dow Jones Industrial Average charged to another record close on Wednesday, bolstered by upbeat corporate news and confidence that the Federal Reserve will keep interest rates low. The Dow climbed 77.52 points, or 0.5%, to 17138.20, ...

Yellen Balks at Proposal to Tie Rates to Formula

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

By Pedro Nicolaci da Costa and Ben Leubsdorf Federal Reserve Chairwoman Janet Yellen pushed back against House Republicans' proposal to require the central bank to adopt a formal, mathematical rule to guide its interest-rate decisions. Ms. Yellen, responding to some ...

Justice Dept. to Probe Lost IRS Emails--Update

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

By John D. McKinnon The Justice Department is conducting a criminal investigation into the loss of Internal Revenue Service emails that could shed light on the agency's treatment of conservative groups. As part of its criminal probe into the IRS's ...

Euro-Zone Trade With Russia Down Sharply -- 2nd Update

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

By Paul Hannon The euro zone's surplus in its trade in goods with the rest of the world rose in May compared with the same month last year, as exports rose. However, figures released by the European Union's statistics office ...

U.S. Industrial Production Rises in June

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

By Nick Timiraos U.S. industrial production increased modestly in June, the latest sign of steady but slow improvement in consumer and business spending during the second quarter. Industrial production, which measures the output of U.S. manufacturers, utilities, and mines, rose ...

U.S. Industrial Production Rises in June

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

U.S. industrial production increased modestly in June, the latest sign of steady but slow improvement in consumer and business spending during the second quarter. Industrial production, which measures the output of U.S. manufacturers, utilities, and mines, rose a seasonally adjusted ...

MARKET SNAPSHOT: U.S. Stocks Trim Gains, But Dow Stays In Record Territory

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- The Dow Jones Industrial Average entered record territory again Wednesday, buoyed by better-than-expected company earnings and deal talk, though the index has come off the day's highs. Broader indexes ...

Correction to Euro-Zone Trade Story

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

"Euro-Zone Trade With Russia Down Sharply," at 0900 GMT, misstated last year's figure in the third paragraph. It should be EUR14.6 billion. (END) Dow Jones Newswires July 16, 2014 05:42 ET (09:42 GMT) Copyright (c) 2014 Dow Jones & Company, ...

Euro-Zone Trade With Russia Down Sharply

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

The euro zone's surplus in its trade in goods with the rest of the world rose in May compared with the same month last year, as exports rose. However, figures released by the European Union's statistics office Wednesday also showed ...

Euro-Zone Trade With Russia Down Sharply -- Update

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

By Paul Hannon The euro zone's surplus in its trade in goods with the rest of the world rose in May compared with the same month last year, as exports rose. However, figures released by the European Union's statistics office ...

Blackstone Wins Spain's Auction for Loan Portfolio

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

MADRID-- Blackstone Group LP solidified its growing investment presence in Spain, winning an auction Wednesday for around EUR6.5 billion ($8.84 billion) of Spanish mortgages, according to a person with direct knowledge of the deal. The mortgages were issued by Catalunya ...

CURRENCIES: Pound Rises To 22-month High Against The Euro

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

By Joseph Adinolfi, MarketWatch NEW YORK (MarketWatch) -- The pound rose to its strongest level in 22 months against the euro on Wednesday, as a drop in U.K. employment to its lowest point since 2008 added to talk that the ...

Fed's Williams Doesn't Comment on Monetary Policy

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

By Michael Derby NEW YORK--In brief remarks for a conference Wednesday, Federal Reserve Bank of San Francisco President John Williams said he'd like to see more improvement in the job market. The official, who was speaking at the Unite for ...

Canada May Factory Shipments Climb 1.6%

TODAY: Oct. 31, 2014 PUB DATE: July 16, 2014

By Paul Vieira OTTAWA--Canadian manufacturing shipments climbed in May at a faster-than-expected pace on higher energy and auto sales, Statistics Canada said Wednesday. Factory sales increased 1.6% in May , the fourth advance in five months, to 51.64 billion Canadian ...