Eurozone Bonds Surge on ECB Debt-Buying Hopes -- 4th Update

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

By Josie Cox and Tommy Stubbington Eurozone government bonds soared to record highs Thursday, buoyed by growing expectations that the European Central Bank will buy sovereign debt to step up its efforts to stimulate the region's faltering economy. Germany's 10-year ...

Eurozone Bonds Surge on ECB Sovereign Debt-Buying Hopes -- 3rd Update

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

By Josie Cox and Tommy Stubbington Eurozone government bond prices soared to record highs Thursday, buoyed by growing expectations that the European Central Bank will buy sovereign debt in its efforts to stimulate the region's faltering economy. Germany's 10-year bond ...

Spanish Consumer Prices Continue to Fall -- 2nd Update

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

By David Román And Paul Hannon MADRID--Spanish consumer prices fell for the fifth straight month, and at a steepening pace, making it more likely that the European Central Bank will soon conclude that more aggressive stimulus measures are needed. Figures ...

Coca-Cola, SABMiller Strike New Africa Deal -- Update

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

By Peter Evans LONDON-- SABMiller PLC and Coca-Cola Co. said they would combine soft-drink bottling operations in southern and eastern Africa, in a deal that reinforces the U.K. brewer's growing interest in nonalcoholic beverages. A new company, Coca-Cola Beverages Africa, ...

Investor Pays SEK3 Billion Share of 3 Scandinavia Bank Loan

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

By Dominic Chopping STOCKHOLM--Sweden's Investor AB (INVE-B.SK) said Thursday that 3 Scandinavia has repaid its bank loan maturing in July 2015 through a SEK7.5 billion equity injection, of which SEK3 billion (40%) was paid by Investor and SEK4.5 billion (60%) ...

Spain's Economic Recovery Continued in 3Q

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

MADRID--Spain's economy continued to recovery in the third quarter, the country's statistics institute said Thursday, in its final economic estimate for the period. The eurozone's fourth-largest economy grew 0.5% in the three months to September compared with the second quarter, ...

E.On to Sell Spanish Assets

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

By Christopher Bjork in Madrid and Shayndi Raice in London German power utility E.ON SE has agreed to sell its Spanish assets to Australia's Macquarie Group and Kuwait's sovereign-wealth fund in a deal worth EUR2.5 billion ($3.1 billion), according to ...

India's Finance Minister Seen Likely to Urge RBI to Cut Rates

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

By Prasanta Sahu NEW DELHI--India's Finance Minister Arun Jaitley will likely urge Reserve Bank of India Governor Raghuram Rajan to cut interest rates at the central bank's monetary policy review next week, to support the economy, a senior finance ministry ...

Australia Prime Minister Tony Abbott Under Pressure to Reshape Government

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

By Rob Taylor CANBERRA, Australia--Australia's conservative government is battling to keep its promise to contain federal spending, with fierce opposition to proposed budget cuts heaping pressure on Prime Minister Tony Abbott to reshape his inner circle or risk becoming a ...

Oil Sinks Further as OPEC Meeting Looms

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

Oil prices extended their losses and sunk to fresh four-year lows in Asian trade Thursday as expectations of a cut in OPEC oil production faded following the Saudi Arabian oil minister's comments Wednesday. On the New York Mercantile Exchange, light, ...

U.K. Lawmakers Recommend Scotland Gets Power Over Income Tax

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

By Jason Douglas LONDON---A panel of U.K. lawmakers on Thursday recommended that Scotland's parliament be given new powers to levy taxes, a further step toward greater autonomy for the nation that only narrowly voted to stay in the U.K. in ...

Brazil IGP-M General Price Index Increases 0.98% in November

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

By Rogerio Jelmayer SAO PAULO--Brazil's IGP-M general price index more than tripled in November, underlining the country's ongoing inflation pressures. The IGP-M picked up 0.98% in November, compared with a rise of 0.28% in October, according to the Getulio Vargas ...

Coca-Cola, SABMiller Strike New Africa Deal -- 3rd Update

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

By Peter Evans And Mike Esterl Coca-Cola Co. and U.K. brewer SABMiller PLC plan to combine soft-drink bottling operations in southern and eastern Africa, in a deal that reflects both companies' efforts to broaden their beverage offerings. As part of ...

Norsk Hydro Expects 'Decade of Aluminum' in Cars

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

By Kjetil Malkenes Hovland OSLO--Norwegian aluminum producer Norsk Hydro ASA (NHY.OS) said Thursday that it expected the auto industry to be a key driver for demand growth for aluminum as carmakers replace steel with light-weight aluminum amid stricter fuel standards. ...

French Unemployed Number Sets New Record High in October

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

By William Horobin PARIS--The number of people unemployed in France rose to a new record high in October, figures showed Thursday, highlighting the depth of the challenge President Francois Hollande faces to repair the eurozone's second largest economy. The number ...

Altice Seals Numericable-SFR Merger

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

PARIS--Telecom holding group Altice SA completed the purchase of French mobile company SFR from Vivendi SA (VIV.FR) on Thursday, in a move that will create France's second-largest telecom player. Altice and Vivendi said they finalized the $23-billion deal to merge ...

Canada Weekly Earnings Advance 3.4% in September from Year Ago

TODAY: March 2, 2015 PUB DATE: Nov. 27, 2014

By Paul Vieira OTTAWA--Average weekly earnings of Canadian non-farm payroll employees in September rose 0.3% from August and were up 3.4% from a year earlier, Statistics Canada said Thursday. Weekly earnings averaged 941.92 Canadian dollars ($838.31) in September, compared with ...