Holcim, Lafarge Confirm Asset Sale Talks With CRH -- 3rd Update

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

By John Revill ZURICH--Holcim Ltd. and Lafarge SA on Monday moved a step closer to completing their $40 billion merger as the two companies confirmed they are in exclusive talks to sell some of their assets to Irish building materials ...

Oil Slides on U.S. Strikes and China Data

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

LONDON--Oil markets staged a rally on Monday with U.S. crude briefly breaking above the key $50 a barrel mark in what traders and analysts said was largely a technical move following last week's gains. Oil had jumped by 8% on ...

Russian Economy Shrank Sharply in January

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

MOSCOW--Russia's manufacturing sector started this year with its sharpest contraction since the global financial crisis in 2009, HSBC Manufacturing Purchasing Manager's Index showed Monday. The headline manufacturing PMI index dropped to 47.6 in January from 48.9 in December, remaining below ...

Brazilian Economy Seen Stagnant This Year, Economists Say

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

By Rogerio Jelmayer SAO PAULO--Economists again cut their growth outlook for Brazil for this year and next, saying they now see Latin America's largest economy effectively stagnating in 2015. According to a weekly central bank survey of 100 economists, Brazil's ...

Polish January PMI Rises to 55.2 points

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

By Patryk Wasilewski WARSAW--Expansion in Poland's manufacturing sector accelerated in January with the purchasing managers' index rising at its fastest monthly pace since January 2012, HSBC said Monday. "The growth rate of manufacturing new orders accelerated sharply in January to ...

Oil Markets Rally, Despite Strikes, Data

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

By Timothy Puko And Georgi Kantchev Oil markets rallied Monday morning, shrugging off news of U.S. refinery strikes and sluggish Chinese manufacturing, as traders continued Friday's run to close out bearish bets, traders and analysts said. Light, sweet crude for ...

Press Release: PMI(R) at 53.5%; January -2-

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

ISM(R) 's Production Index registered 56.5 percent in January, which is a decrease of 1.2 percentage points when compared to the seasonally adjusted 57.7 percent reported in December, indicating growth in production for the 11th consecutive month. An index above ...

U.S. Consumer Spending Down 0.3% in December

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

By Jeffrey Sparshott and Eric Morath WASHINGTON--U.S. consumer spending fell in December, a sign of caution among American households despite lower gasoline prices and steady hiring. Personal spending, which measures outlays for everything from hardware to healthcare, decreased a seasonally ...

Swiss Franc Drops to Two-Week Lows

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

The value of the Swiss franc dropped to two-week lows against both the euro and the U.S. dollar on Monday, with strategists pointing to a local media report that the Swiss National Bank is unofficially operating a currency corridor and ...

India April-December Infrastructure Output -- Table of Data

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

Following is a breakdown of India's infrastructure output: Sector Weight Period Dec Dec April-Dec April-Dec 2014 2013 2014-15 2013-14 Coal 4.38 +7.5% +1.1% +9.1% +1.5% Crude Oil 5.22 -1.4% +1.6% -0.9% -0.6% Natural Gas 1.71 -3.5% -9.9% -5.1% -14.9% Petroleum ...

Obama Asks for More Spending on Veterans -- Update

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

By Ben Kesling Leveraging a tidal wave of reform and renewed public support for the Department of Veterans Affairs, President Barack Obama is asking Congress for more money for a variety of programs from disability benefits to prosthetic research. The ...

U.S. Factory Activity Falls to Lowest Level in 12 Months--2nd Update

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

By Ben Leubsdorf U.S. factory activity decelerated in January, registering its slowest growth in a year as foreign demand for American-made goods weakened, according to a survey released Monday by the Institute for Supply Management. The ISM's manufacturing purchasing managers ...

U.S. Consumer Spending Down 0.3% in December--Update

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

By Jeffrey Sparshott WASHINGTON--U.S. consumers opted to save rather than spend more in December, a measure of caution that may soon fade amid cheaper gasoline prices and falling unemployment. Personal spending, which measures outlays for everything from hardware to health ...

U.K. Warns on Risk of Greek Standoff

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

LONDON--The standoff between Greece and the eurozone over the terms of the country's bailout is fast becoming the biggest risk to the global economy, U.K. treasury chief George Osborne warned Monday, pushing for the sides to act to stem the ...

Obama Pushes GOP-Led Congress on Homeland Security Funding

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

WASHINGTON--President Barack Obama used the unveiling of his nearly $4 trillion fiscal 2016 budget on Monday to sharply challenge congressional Republicans to approve funding for the Homeland Security Department, now caught up in GOP protests over his executive action on ...

Verizon Close To Asset Sales Topping $10 Billion

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

By Thomas Gryta And Ryan Knutson Verizon Communications Inc. is close to selling a package of assets including cellphone towers and parts of its wireline business, a group of deals that will bring in more than $10 billion, people familiar ...

Oil Markets Rally, Despite Strikes, Data

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

By Timothy Puko And Georgi Kantchev Oil closed at its highest prices in nearly a month as traders kept focused on potential supply cuts and shrugged off news of U.S. refinery strikes and sluggish Chinese manufacturing, traders and analysts said. ...

China January HSBC Final Manufacturing PMI 49.7 Vs 49.6 in December

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

BEIJING--The HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, inched up to a final reading of 49.7 in January from 49.6 in December, HSBC Holdings PLC said Monday. A reading below 50 indicates a contraction in ...

Fonterra Can't Import Cheese Directly Into U.S. In 2015

TODAY: April 27, 2015 PUB DATE: Feb. 2, 2015

WELLINGTON, New Zealand--Fonterra Co-Operative Group Ltd. (FCG.NZ) will be unable to import New Zealand cheese into the United States in 2015 due to an error, but any financial impact will be minimal, it said Monday. "Due to human error, a ...