Gold Rises on Hopes for Continued Low U.S. Interest Rates

TODAY: March 30, 2015 PUB DATE: Dec. 19, 2014

By Ira Iosebashvili Gold prices rose Friday, buoyed by comments from the Federal Reserve earlier in the week that suggested the central bank is in no hurry to raise U.S. interest rates from rock-bottom levels. Gold for February delivery, the ...

U.K. Police Arrest Man in Forex Market Manipulation Probe

TODAY: March 30, 2015 PUB DATE: Dec. 19, 2014

By Jenny Strasburg British police arrested a man Friday morning at his suburban home east of London in connection with the government's probe into rigging of the foreign-exchange markets, according to a person familiar with the matter. It was the ...

Chicken of the Sea Owner to Buy Bumble Bee Seafoods

TODAY: March 30, 2015 PUB DATE: Dec. 19, 2014

By Josh Beckerman Thai Union Frozen Products PCL (TUF.TH), whose brands include Chicken of the Sea, has agreed to purchase Bumble Bee Seafoods from private-equity firm Lion Capital for $1.51 billion. Bumble Bee has annual sales of more than $1 ...

China Raises 2013 GDP Estimate by 3.4%

TODAY: March 30, 2015 PUB DATE: Dec. 19, 2014

BEIJING--China raised its estimate of its 2013 economic output by 3.4% based on its latest survey of the economy, the National Bureau of Statistics said on Friday. The statistics bureau said China's gross domestic product in 2013 was 58.80 trillion ...

European Stocks Remain Volatile - 3rd Update

TODAY: March 30, 2015 PUB DATE: Dec. 19, 2014

By Josie Cox European stocks remained volatile Friday, with investors weighing the prospect of more monetary stimulus in Europe against the threat of political upheaval in Greece as well as the Russian currency crisis. Having opened the day higher, mirroring ...

UK Public Finances Get Boost From Forex Fines

TODAY: March 30, 2015 PUB DATE: Dec. 19, 2014

LONDON--The U.K. borrowed less in the eight months to November than it did during the year-earlier period, official figures showed Friday, as government receipts received a boost last month from foreign-exchange trading fines on British banks. The U.K. public sector ...

German Consumer Sentiment to Rise

TODAY: March 30, 2015 PUB DATE: Dec. 19, 2014

By Emese Bartha FRANKFURT--German consumer confidence is set to start the new year on a strong note, hitting its highest level in eight years, on hopes economic expansion in Europe's largest economy will accelerate in the coming months, a sentiment ...

German Foreign Minister in Ukraine for Talks on Cease-Fire, Economy

TODAY: March 30, 2015 PUB DATE: Dec. 19, 2014

BERLIN--German Foreign Minister Frank-Walter Steinmeier is in Ukraine Friday to discuss with government officials the cease-fire agreement and the economic stabilization of the country, his ministry said. The meeting with Ukrainian President Petro Poroshenko and Prime Minister Arseniy Yatsenyuk comes ...

Italy Industrial Orders Tick Higher on Transport Sector

TODAY: March 30, 2015 PUB DATE: Dec. 19, 2014

By Liam Moloney ROME--Italian industrial orders ticked higher in October, thanks to improved domestic demand. Industrial orders rose 0.1% on the month, reversing a 1.5% decline in September, national statistics institute Istat said Friday, using seasonally adjusted data. Orders were ...

China Revises 3Q Payments Position, Cuts Capital Account Deficit

TODAY: March 30, 2015 PUB DATE: Dec. 19, 2014

BEIJING--China on Friday revised its international payment figures for the third quarter, cutting its current-account surplus and sharply reducing its deficit on the capital and financial account. China's current-account surplus in the three months ended September was revised to $72.2 ...

China Revises Its GDP Calculations

TODAY: March 30, 2015 PUB DATE: Dec. 19, 2014

By Mark Magnier BEIJING--With the stroke of a pen, China announced Friday that world's second largest economy was 3.4% larger last year than previously thought--chiefly due to a more accurate counting of services and their impact on economic output. China's ...

European Stocks End Mixed

TODAY: March 30, 2015 PUB DATE: Dec. 19, 2014

By Josie Cox European stocks ended Friday broadly mixed, with investors weighing the prospect of more monetary stimulus in Europe against the threat of political upheaval in Greece as well as the Russian currency crisis. The Stoxx Europe 600--having already ...

German Government Denies Pressuring BASF to Cancel Gazprom Asset Swap

TODAY: March 30, 2015 PUB DATE: Dec. 19, 2014

By Christopher Alessi And Sarah Sloat FRANKFURT-- BASF SE's decision to call off a long-planned asset-swap deal with Russia's OAO Gazprom wasn't the result of political pressure from the German government, the German Economics Ministry said Friday. BASF, the world's ...

Dollar Reaches New Two-Year High Against Euro

TODAY: March 30, 2015 PUB DATE: Dec. 19, 2014

By James Ramage The dollar strengthened against rival currencies Friday, including reaching a new two-year high against the euro, as the U.S. currency continues to benefit from signals from the Federal Reserve regarding raising interest rates next year. The euro ...

Leaked Emails Unveil Snapchat's Secretive CEO

TODAY: March 30, 2015 PUB DATE: Dec. 18, 2014

By Douglas MacMillan A batch of leaked emails involving a Snapchat board member show the startup's rapid rise to be the work of a secretive young entrepreneur with a distaste for Silicon Valley and its conventions. Evan Spiegel, Snapchat's 24-year-old ...

Fed's Yellen Heard Across Asia -- Barron's Asia

TODAY: March 30, 2015 PUB DATE: Dec. 18, 2014

By Thomas Streater It was the word that echoed across Asia: patient. Twitchy Asian markets, which have braced for a much anticipated change in the Federal Reserve's language on the outlook for monetary policy, were relieved when the U.S. central ...