Kansas City Fed President Touts Decentralized, Diverse Fed

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

WASHINGTON--Kansas City Federal Reserve President Esther George touted the decentralized, diverse structure of the Fed on Wednesday in remarks that waxed philosophical and didn't dive into monetary policy. Ms. George, in remarks prepared for a meeting of the Exchequer ...

Treasurys Pull Back in See-Saw Trading

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

By Cynthia Lin Treasury prices fell Wednesday, keeping the market bound to its recent see-saw trading pattern and the 10-year yield tethered close to 2.50%. In late-afternoon trading, benchmark 10-year notes fell 7/32 in price to yield 2 ...

Dollar Trims Gains Against Rivals After FOMC Minutes Released

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

By James Ramage The dollar pared gains against major currencies Wednesday after minutes from the most recent Federal Reserve meeting showed central bankers continue to see slow improvement in the U.S. economy but have no plans to raise interest ...

Astra Urged to Engage With Pfizer--2nd Update

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

By Hester Plumridge LONDON--Three days after AstraZeneca PLC slammed the door on Pfizer Inc.'s latest $120 billion takeover offer, some big investors in the British drugs giant are refusing to give up. AstraZeneca's sixth-largest investor, Legal & General Group ...

Australian Wages Rise Sluggishly in Q1

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

By James Glynn SYDNEY--Australian wages grew sluggishly in the first quarter of 2014 reflecting weakness in the broader economy and a soft job market. Wages excluding bonuses rose a seasonally adjusted 0.7% in the first three months of the ...

South Africa Inflation Rate Rose to 6.1% in April

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

By Patrick McGroarty JOHANNESBURG--South Africa's annual inflation rate rose slightly in April, data showed Wednesday, a bump that isn't expected to stop the country's central bank from keeping its key interest rate on hold this week. Inflation ...

Commerzbank Suspends Two Foreign-Exchange Traders --Update

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

By Eyk Henning FRANKFURT-- Commerzbank AG said Wednesday it has suspended two currencies traders, alleging it caught them in the act of attempting to manipulate foreign-exchange rates. The two traders were trying to move the Polish zloty's rate against ...

Canadian Dollar Flat as Market Focuses on Fed Speakers

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

By Don Curren TORONTO--The Canadian dollar is little changed Wednesday morning, falling back into static trading as the market's attention focuses on upcoming speeches from officials at the U.S. Federal Reserve and bigger moves in other major currencies ...

U.S. Mortgage Application Volume Up 0.9% Last Week, MBA Says

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

By Anna Prior The average number of mortgage applications last week rose 0.9% as interest rates continued to decline, the Mortgage Bankers Association said Wednesday. "Renewed concerns about the state of the global economy, particularly in Europe, led to ...

Germany Issues More Warnings About Google

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

FRANKFURT--Germany's competition agency fully supports the German economics minister's view that Google Inc. (GOOG) has the potential to abuse markets, a spokesman said Wednesday. A recent critique by Sigmar Gabriel of Google's overwhelming dominance of the Internet ...

Fed Debated Policy Strategies at April Meeting, Minutes Show

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

By Jon Hilsenrath Federal Reserve officials turned their attention to longer-run issues at their April policy meeting, while concluding that their outlook for a gradually improving economy hadn't changed much in the previous weeks and warranted no change in ...

Sanchez Energy to Buy Eagle Ford Acreage for $639 Million

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

By Tess Stynes Sanchez Energy Corp. (SN) agreed to acquire assets in the Eagle Ford trend of South Texas from Royal Dutch Shell PLC (RDSA, RDSA.LN, RDSB, RDSB.LN) for about $639 million. Sanchez shares rose 9.1% to ...

Argentina's Trade Surplus Narrows 7% in April

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

By Ken Parks BUENOS AIRES--Argentina's trade surplus narrowed 7% on the year to $926 million in April, amid a steep decline in exports of farm products and manufactured goods, the government said Wednesday. Unable to borrow money abroad, Argentine ...

Exxon, Linn Energy to Exchange Energy Assets

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

By Tess Stynes Exxon Mobil Corp. (XOM) reached an agreement with Linn Energy LLC (LINE) that will add nearly 26,000 acres to U.S. oil-and-gas properties managed by Exxon's XTO Energy unit. In exchange, Linn Energy will receive ...

Asian Morning Briefing: U.S. Stocks Rally -2-

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

Boeing CEO Wants Incremental Innovation Boeing Chief Executive Jim McNerney said the company aims to emulate the product strategy of Apple by developing future jets in increments, rather than once-a-generation "moon shots" that carry too much risk. Euro-Zone Confidence Keeps ...

Senate Clears Path to Confirmation Vote on Fischer to Fed

TODAY: Sept. 19, 2014 PUB DATE: May 21, 2014

WASHINGTON--The Senate voted Tuesday to advance the nomination of Stanley Fischer to join the Federal Reserve's Board of Governors. Mr. Fischer passed the procedural hurdle on a 62-35 vote, with all the opposition coming from Republicans. The Senate is ...