S&P Cuts France's Outlook, Casts Doubt on Hollande Policy -- 2nd Update

TODAY: Jan. 29, 2015 PUB DATE: Oct. 11, 2014

By William Horobin And Josh Beckerman PARIS--Standard & Poor's Ratings Services lowered its outlook on France's AA credit rating to negative from stable Friday, casting doubt on the effectiveness of President François Hollande's flagship policies and warning that public finances ...

Fed's Tarullo Concerned About U.S. Productivity -- Update

TODAY: Jan. 29, 2015 PUB DATE: Oct. 11, 2014

By Ryan Tracy WASHINGTON--Federal Reserve Gov. Daniel Tarullo expressed concern Saturday about global economic growth, saying he sees "more downside risks than upside risks" in the world's major economies. Mr. Tarullo, who sits on the Fed committee setting interest-rate policy, ...

Fed's Tarullo Expresses Concern About U.S. Productivity

TODAY: Jan. 29, 2015 PUB DATE: Oct. 11, 2014

By Ryan Tracy WASHINGTON--Federal Reserve Gov. Daniel Tarullo expressed concern Saturday about global economic growth, saying he sees "more downside risks than upside risks" in the world's major economies. Mr. Tarullo, who sits on the Fed committee setting interest-rate policy, ...

Hungary To Store Natural Gas for Russia's Gazprom

TODAY: Jan. 29, 2015 PUB DATE: Oct. 10, 2014

By Margit Feher BUDAPEST--Hungary will store natural gas for Russian energy giant OAO Gazprom to help the Russian firm comply with its long-term delivery contracts should there be problems with its regular shipment routes, Hungary's state-owned power firm MVM said ...

Oil Falls on Few Signs of Output Cuts

TODAY: Jan. 29, 2015 PUB DATE: Oct. 10, 2014

LONDON--Crude-oil futures were down again Friday as there are still few signs that producers are going to cut back even as global growth is proving to be weaker than many had expected. Global oil prices have been falling on a ...

Wall Street Drags Down Asian Shares

TODAY: Jan. 29, 2015 PUB DATE: Oct. 10, 2014

Stocks in Asia fell Friday, dragged by weakness on Wall Street amid growing concerns about the pace of global growth. The Nikkei Stock Average was down 1.1% at 15302.60 while Australia's S&P;/ASX 200 was down 1.6% at 5210.60, after the ...

Malaysia August Industrial Output +6.5% on Year; Above View

TODAY: Jan. 29, 2015 PUB DATE: Oct. 10, 2014

By Jason Ng KUALA LUMPUR--Malaysia's industrial production expanded 6.5% in August from a year earlier, beating market expectations, mainly due to gains in electricity generation and manufacturing activity, official data Friday showed. The median forecast of a Wall Street Journal ...

French Industrial Output Stagnates in August

TODAY: Jan. 29, 2015 PUB DATE: Oct. 10, 2014

PARIS--French industrial production stagnated in August, adding to concerns over the eurozone's wider economic health in the third quarter of this year. The weak French data comes after the eurozone's largest economy, Germany, reported earlier this weak that its industrial ...

Italy August Industrial Output Rises Less Than Expected

TODAY: Jan. 29, 2015 PUB DATE: Oct. 10, 2014

By Liam Moloney ROME--Italy's industrial production rose slightly less than expected in August, even though output of almost all products grew, led by the consumer goods sector. Industrial output in the eurozone's third-largest economy gained 0.3% on the month in ...

ECB's Constancio: ECB Has Not Exhausted Policy Tools

TODAY: Jan. 29, 2015 PUB DATE: Oct. 10, 2014

WASHINGTON--The European Central Bank has not exhausted its monetary policy tools even after significant easing steps in June and September, the bank's vice president Vitor Constancio said Friday. "We have not exhausted our arrows," Mr. Constancio said at a conference ...

Draghi Says Risks Remain on the Downside

TODAY: Jan. 29, 2015 PUB DATE: Oct. 10, 2014

Risks to the eurozone's economic outlook remain on the downside, but the economy is expected resume recovery, European Central Bank President Mario Draghi said in remarks Friday. Speaking at an event in Washington, Mr. Draghi reiterated that should risks of ...

S&P Cuts France's Outlook, Affirms Double-A Rating

TODAY: Jan. 29, 2015 PUB DATE: Oct. 10, 2014

By Josh Beckerman Standard & Poor's Ratings Services has lowered its outlook for France to negative from stable, while affirming the nation's double-A long-term rating. The ratings firm said Friday that "the negative outlook indicates our view that a robust ...

Retail, Manufacturing and Housing Headline Calendar -- Data Week Ahead

TODAY: Jan. 29, 2015 PUB DATE: Oct. 10, 2014

By Kathleen Madigan Economy watchers next week will get new readings on three important sectors: retailing, manufacturing and housing. The U.S. Commerce Department will release September store sales data on Wednesday. The median forecast of economists surveyed by the Wall ...

Fed's Plosser: Public Has Come to Expect Too Much From Fed

TODAY: Jan. 29, 2015 PUB DATE: Oct. 10, 2014

By Michael S. Derby Federal Reserve Bank of Philadelphia President Charles Plosser said Friday there are limits to what monetary policy can do for the job market. "I fear that the public has come to expect too much from its ...

Mexico's August Industrial Production Up Less Than Expected

TODAY: Jan. 29, 2015 PUB DATE: Oct. 10, 2014

By Anthony Harrup MEXICO CITY--Mexico's industrial production grew less than expected in August as a decline in oil output from a year earlier partly offset gains in manufacturing and a recovery in construction. Industrial production rose 1.4% from August 2013, ...

Washington Scrutiny of 'Supersize' IRAs

TODAY: Jan. 29, 2015 PUB DATE: Oct. 10, 2014

By Laura Saunders Washington is taking a hard look at tax-sheltered retirement accounts, plans, especially "supersize" ones worth millions of dollars. Savers should consider what it could mean for them. The U.S. Government Accountability Office, an arm of Congress, recently ...

Malaysia Unveils Expanded Tax Cuts in Budget Speech -- Update

TODAY: Jan. 29, 2015 PUB DATE: Oct. 10, 2014

By Jason Ng KUALA LUMPUR--Malaysia Prime Minister Najib Razak unveiled plans to cushion the impact of budget tightening, increasing cash handouts to lower-income citizens and expanding tax cuts as prices of goods and services rise. Malaysia has a budget shortfall ...

U.S. Import Prices Fall 0.5% in September

TODAY: Jan. 29, 2015 PUB DATE: Oct. 10, 2014

WASHINGTON--Prices of goods imported to the U.S. fell for the third straight month in September, the latest sign that lackluster global growth and a stronger dollar are tamping down inflationary pressures. U.S. import prices fell 0.5% from the prior month, ...