ECB Praet: Targeted Lending Will Break Vicious Circle of Tight Lending

TODAY: Nov. 1, 2014 PUB DATE: July 9, 2014

By William Horobin PARIS--The European Central Bank's targeted long term refinancing operation will break a vicious spiral of high lending rates for companies, high credit risk and poor economic performance, the central bank's chief economist Peter Praet said Wednesday. "These ...

Draghi Calls for Euro-Zone Rules for Economic Reforms

TODAY: Nov. 1, 2014 PUB DATE: July 9, 2014

European Central Bank President Mario Draghi on Wednesday called for a new set of rules for euro-zone members that would apply to economic reforms and be analogous to the standards that govern borrowing by governments. In outlining a new proposal ...

Democratic Senators Urge U.S. to Press China on Currency

TODAY: Nov. 1, 2014 PUB DATE: July 9, 2014

WASHINGTON--A pair of Senate Democrats on Wednesday called on U.S. officials meeting for high-level talks in Beijing to "decisively confront" Chinese officials over management of their currency, calling White House efforts to date "insufficient." In a letter timed to coincide ...

MARKET SNAPSHOT: U.S. Stocks Open Higher; FOMC Minutes On Tap

TODAY: Nov. 1, 2014 PUB DATE: July 9, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- After two days of selling led by momentum plays, U.S. stocks found their footing and opened slightly higher on Wednesday. Investors await minutes from the most recent Federal Open ...

Bitcoin Foundation Hires Lobbying Firm

TODAY: Nov. 1, 2014 PUB DATE: July 9, 2014

By Ryan Tracy Backers of the virtual currency bitcoin are beefing up their Washington presence as they seek to shape government oversight of the fledgling payment system. The effort has been building since a number of federal agencies began examining ...

Emails Point to IRS Officials Using Instant Messages

TODAY: Nov. 1, 2014 PUB DATE: July 9, 2014

By John D. McKinnon WASHINGTON--Lawmakers investigating the Internal Revenue Service's treatment of conservative groups released new emails Wednesday suggesting that top IRS officials communicated through an instant-messaging service that wasn't routinely archived. The revelation adds to lawmakers' concerns about the ...

China to Give Tax Breaks for Clean-Energy Cars

TODAY: Nov. 1, 2014 PUB DATE: July 9, 2014

BEIJING--China will give tax breaks to buyers of new clean-energy vehicles to stimulate domestic demand of environmentally friendly cars, the country's cabinet said Wednesday. From September 1 to the end of 2017, car buyers will be exempt from a 10% ...

Correction to U.S. Oil Prices Extend Losing Streak on July 8

TODAY: Nov. 1, 2014 PUB DATE: July 9, 2014

"U.S. Oil Prices Extend Losing Streak as Investors Doubt Economy," published at 4:13 p.m. EDT Tuesday, misstated the number of days that U.S. oil prices fell. The benchmark for U.S. oil prices marked its eighth straight session of losses Tuesday, ...

Canada Considering Another Ultralong Bond Issue

TODAY: Nov. 1, 2014 PUB DATE: July 9, 2014

By Paul Vieira OTTAWA--Just over two months after a rare but successful ultralong bond issue, Canada said Wednesday it is "considering" another attempt to raise cash through 50-year debt. In late April, the Canadian government raised 1.5 billion Canadian dollars ...

MARKET SNAPSHOT: Stocks Slip As Dow Loses Hold On 17,000

TODAY: Nov. 1, 2014 PUB DATE: July 8, 2014

By Victor Reklaitis and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) --U.S. stocks continued their retreat from records Tuesday, with the Dow Jones Industrial Average undercutting 17,000 after breaking through that milestone level on Thursday. Earnings season will get its unofficial ...

AbbVie Inc. Statement regarding a revised possible offer

TODAY: Nov. 1, 2014 PUB DATE: July 8, 2014

TIDMSHP RNS Number : 7151L AbbVie Inc. 08 July 2014 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE ...

UK Economic Recovery Intact But BOE Mustn't Raise Rates Too Soon - BCC

TODAY: Nov. 1, 2014 PUB DATE: July 8, 2014

By Ilona Billington LONDON--The U.K.'s economic recovery continued in the second quarter at a similar pace to the first quarter as export and investment balances fell, a quarterly survey said Tuesday. The British Chambers of Commerce's economic report said business ...

U.S. Moves Closer to Sanctions Settlement with Commerzbank

TODAY: Nov. 1, 2014 PUB DATE: July 8, 2014

By Andrew R. Johnson and Andrew Grossman U.S. authorities are negotiating a settlement with German lender Commerzbank AG over possible sanctions violations, according to people familiar with the matter. A settlement could cost the bank at least $500 million and ...

Oil Futures Lower on Libyan Supply Expectations

TODAY: Nov. 1, 2014 PUB DATE: July 8, 2014

By Eric Yep Crude-oil futures were under pressure in Asian trade Tuesday as oil markets continued to retreat from last month's Iraq-driven rally. On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at $103.45 ...

Noyer: Declining Inflation Remains Challenge

TODAY: Nov. 1, 2014 PUB DATE: July 8, 2014

PARIS--Low and declining inflation remains the main challenge in Europe, European Central Bank governing council member Christian Noyer said Tuesday. "This prevents adjustments in relative prices, an important mechanism to eliminate gaps in competitiveness, and increases the risk of outright ...

Brent Crude Prices At pre-Iraq Crisis Levels

TODAY: Nov. 1, 2014 PUB DATE: July 8, 2014

By Ben Winkley Brent crude Tuesday extended losses into a seventh-straight session, taking the price back below where it was before the Iraq crisis began almost four weeks ago. The global benchmark shot higher June 12, when insurgents from the ...