India's GDP Growth Likely Slowed Last Quarter

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

By Anant Vijay Kala NEW DELHI--India's economic growth is expected to have slowed last quarter, hurt by weak industrial and agricultural output, raising concern that the recovery of Asia's third-largest economy is already losing steam. Gross domestic product in the ...

U.S. Jobless Claims Rise To 313K

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

WASHINGTON-The number of Americans seeking first-time jobless benefits leapt last week but remained at a level suggesting steady job growth. Initial jobless claims rose 21,000 to a seasonally adjusted 313,000 in the week ended Nov. 22, the Labor Department said ...

China Moves to Bolster Air-Pollution-Control Law

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

BEIJING--China's government took a step forward in strengthening its air-pollution-control law, adding new amendments aimed at increasing penalties for heavy polluters and giving local governments greater responsibilities to clean the skies. The State Council, China's cabinet, approved the amendments Wednesday. ...

Reuters/Michigan Final November Sentiment Pulls Back

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

U.S. consumers maintained a rosy view on the economy in November ahead of the holiday shopping season, according to a survey of households released Wednesday. The Thomson-Reuters/University of Michigan final November sentiment index came in at 88.8, down slightly from ...

Brazil's Total Credit Grew 12.2% in October From Year Before

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

SAO PAULO--Credit issued by Brazil's financial system increased 12.2% in October from a year earlier as subsidized lending grew rapidly, the country's central bank said Wednesday. The total amount of credit issued grew to 2.9 trillion reais ($1.2 trillion) in ...

French Government Appoints CEO of EDF

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

PARIS--The French government officially appointed Jean-Bernard Levy as chief executive and chairman of the state-controlled energy utility Electricite de France SA (EDF.FR) during a cabinet meeting held on Wednesday. The French cabinet appointed Mr. Levy on the recommendation of the ...

EUROPE MARKETS: European Stocks Lose Steam After 3-day Run Of Wins

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

By Carla Mozee, MarketWatch Nomura turns bullish on the luxury-goods sector LONDON (MarketWatch)--European stocks ended with a whimper Wednesday, giving up a stronger lead following three straight sessions of advances. Equities across Europe had been higher after European Central Bank ...

Dollar Drops as U.S. Data Quells Rate Hopes--Update

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

By James Ramage The dollar fell against the yen and the euro Wednesday after new data showing the U.S. economy is improving modestly underscored expectations that the Federal Reserve won't raise interest rates until later next year. The dollar slipped ...

IMF Renews Mexico's Flexible Credit Line

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

MEXICO CITY--The International Monetary Fund said Wednesday it has agreed to renew Mexico's protective $70 billion flexible credit line for another two years. Mexico was the first country to sign up for the contingency loan facility in 2009, at the ...

Medtronic Acquisition of Covidien Receives U.S. FTC Clearance

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

By Alan Zibel WASHINGTON--U. S. authorities on Wednesday approved Medtronic Inc.'s $43 billion merger with fellow medical device maker Covidien PLC after requiring the spinoff of a drug-coated catheter business. The Federal Trade Commission required Minneapolis-based Medtronic to sell off ...

Congressional Talks on Tax Breaks Stall

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

WASHINGTON--Congressional negotiations to extend a slate of temporary tax breaks stalled Tuesday when the White House pushed back on a deal under discussion on Capitol Hill. Lawmakers had neared an agreement to make permanent a handful of temporary tax breaks ...

Oil Trades Near Multi-Year Lows After Overnight Slump

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

By Eric Yep Crude-oil futures were weak in Asian trade Wednesday after sharp overnight losses and traders said large price swings will continue as markets lap up news headlines in the run up to OPEC's meeting in Vienna on Thursday. ...

CMA CGM Buys German Ship Operator OPDR -- Update

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

By Costas Paris And Ruth Bender France's CMA CGM SA, the world's third-biggest container-shipping operator by capacity, on Wednesday said it bought Germany's Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH for an undisclosed sum. The acquisition, talks for which The Wall Street Journal reported ...

Merkel Accuses Russia of Violating Europe's Peaceful Order

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

By Andrea Thomas BERLIN--German Chancellor Angela Merkel on Wednesday accused Russia of violating Europe's peaceful order, insisting that economic sanctions against the country remain inevitable due to its actions in Ukraine. Ms. Merkel's tough stance follows her frustrating meeting with ...

No Risk of Foreign Asset Expropriation in Russia, Economy Minister Says

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

By Alexander Kolyandr MOSCOW--There is no risk of foreign asset expropriation in Russia, the country's economy minister said Wednesday. Speaking at a televised news conference in Stuttgart, Germany, Alexei Ulyukayev said current laws and the government's economic policy don't allow ...

MARKET SNAPSHOT: U.S. Stocks Struggle To Push Higher

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch Jobless claims spike, consumer sentiment dips in November NEW YORK (MarketWatch) -- U.S. stocks were virtually unchanged on Wednesday as investors assessed a deluge of weaker-than-expected economic data ahead of the Thanksgiving holiday. ...

MARKET SNAPSHOT: U.S. Stocks: Futures Weaken After Data

TODAY: March 6, 2015 PUB DATE: Nov. 26, 2014

By Barbara Kollmeyer, MarketWatch Jobless claims spike, consumer spending ticks up NEW YORK (MarketWatch) -- U.S. stock futures pulled back on Wednesday after the first batch of economic data, slated to roll out Wednesday, came in softer than expected. Weekly ...