U.S. Employment Costs Up 0.6% in Fourth Quarter

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

By Jeffrey Sparshott and Josh Mitchell WASHINGTON--U.S. labor costs rose at a measured pace in the final three months of the year, a sign that a tightening labor market is only slowly driving up wages for most American workers. The ...

Schaeuble Says Germany Won't Be Blackmailed by New Greek Government

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

By Andreas Kissler BERLIN--German Finance Minister Wolfgang Schaeuble on Friday said the rules attached to European financial aid for Greece "can't just be broken" and warned Athens that Berlin won't be blackmailed by the new leftist government. "We're prepared for ...

India Changes GDP Calculation Method

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

By Anant Vijay Kala NEW DELHI--India raised its official economic expansion figure for the prior fiscal year as it changed the way it calculates gross domestic product to bring its measurements in line with international practices. The statistics ministry said ...

Italy Unemployment Rate Falls for First Time in Seven Months in Dec

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

By Liam Moloney ROME--Italy's unemployment rate fell for the first time in seven months in December to be at its lowest level since September, national statistics institute reported Friday, citing preliminary and seasonally adjusted data. The official jobless rate fell ...

U.S. Government Bond Yields Tumble

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

By Min Zeng The yield on benchmark U.S. government bonds tumbled to the lowest level since May 2013 on Friday as global-growth worries struck close to home. Investors sought the relative safety of Treasurys after a report showed slower-than-expected fourth-quarter ...

UK PMIs Set to Signal Robust Start to 2015

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

By Jon Sindreu LONDON--Economists will be watching this coming week for some of the first indications of whether the U.K. economy got off to a strong start in 2015. The purchasing managers index due this coming week is likely to ...

Canada's Economy Contracts Unexpectedly in November

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

OTTAWA--The Canadian economy contracted unexpectedly in November as the manufacturing sector's output recorded the sharpest monthly decline in six years, and mining oil and gas extraction shrank. The data suggestfourth-quarter growth will fall short of the Bank of Canada's latest ...

Chicago PMI Rises as Employment Expands

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

An economic snapshot of the manufacturing heavy Midwest climbed in January, fueled by orders, output and a big surge in employment. The Chicago Business Barometer, commonly called the Chicago PMI, rose to 59.4 this month, from December's revised 58.8, after ...

Fed's Williams Upbeat on Economy, Says Summer Rate Rise Likely

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

By Michael S. Derby Federal Reserve Bank of San Francisco President John Williams said Friday the U.S. economy remains on a solid path that will open the door to interest-rate increases in the summer. In an interview with CNBC, Mr. ...

Mexico to Cut Planned Spending -- Update

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

By Anthony Harrup MEXICO CITY--Mexico's government will cut planned spending by about $8.3 billion this year to cushion the effects of plunging oil prices and adverse global economic conditions, while postponing a controversial high-speed train. Finance Minister Luis Videgaray on ...

Taiwan's Fourth-Quarter Growth Slows

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

By Fanny Liu TAIPEI--Taiwan's economy expanded more slowly in the fourth quarter, as falling oil prices hurt petrochemical exports, though demand for electronics remained strong. Taiwan's gross domestic product rose 3.17% from a year earlier in the final quarter of ...

Japan December Industrial Output +1.0% on Month

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

TOKYO--Japanese industrial production rose 1.0% in December from the previous month, government data showed Friday, indicating that the economy may be recovering slowly from a slump triggered by a sales tax increase in April last year. The gain was slightly ...

Singapore 4Q Unemployment Rate 1.9%, Unchanged on Quarter

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

By Gaurav Raghuvanshi SINGAPORE--Singapore's overall unemployment rate was 1.9% at the end of the fourth quarter of 2014, unchanged from the previous three months, government data released Friday showed. The unemployment rate in the fourth quarter for residents fell to ...

Spanish Banks' 4Q Results Show Demand for Loans Picking Up

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

By Jeannette Neumann MADRID--Two Spanish lenders, Caixabank SA and Banco Popular Español SA, reported fourth-quarter results on Friday that showed an uptick in demand for loans as the country chugs toward economic recovery. Caixabank and Banco Popular said new loans ...

European Stocks Rise as Oil Steadies

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

European stocks rose Friday, boosted by a late rise on Wall Street. The Stoxx Europe 600 was 0.4% higher in early trade, reversing the previous day's decline, leaving the index marginally lower this week. The gains echo a recovery in ...

Turkish Lira Hits Fresh Low Against Dollar

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

By Yeliz Candemir ISTANBUL--Turkey's lira slumped to a record low against the dollar on Friday, extending losses amid concern that the central bank may prematurely cut interest rates just as the currency faces a broad emerging-markets selloff. Friday's 1% drop ...

Bank of Russia Cuts Interest Rates

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

By Andrey Ostroukh MOSCOW--The Bank of Russia cut interest rates on Friday, painting a gloomy economic picture and prompting the ruble to fall. The rate cut came against market expectations that the central bank would hold rates for the next ...

India Changes GDP Calculation Method

TODAY: April 19, 2015 PUB DATE: Jan. 30, 2015

NEW DELHI--India raised its official economic expansion figure for the prior fiscal year as it changed the way it calculates gross domestic product to bring its measurements in line with international practices. The statistics ministry said Friday that the economy ...