EU Funds First Large-Scale Clean Fuel Project

TODAY: Oct. 31, 2014 PUB DATE: July 8, 2014

By Vanessa Mock BRUSSELS--Europe's first large-scale project to turn coal into a clean fuel was given hundreds of millions of euros by the European Union Tuesday, reviving hopes that the technology could finally get off the ground. The EU's climate ...

MARKET SNAPSHOT: U.S. Stocks Fall; Momentum Plays Hit Hard

TODAY: Oct. 31, 2014 PUB DATE: July 8, 2014

By Anora Mahmudova and Victor Reklaitis, MarketWatch NEW YORK (MarketWatch) -- So-called momentum plays led a selloff in U.S. stocks on Tuesday that pulled the Dow Jones Industrial Average and S&P; 500 further from record levels. Shares of biotechnology, Internet ...

Gazprom Says Ukraine's Gas Debt Totals $5.30 Billion

TODAY: Oct. 31, 2014 PUB DATE: July 8, 2014

Alexander Kolyandr MOSCOW--Russian natural gas monopoly OAO Gazprom (GAZP.RS) said Tuesday that Ukraine's debt for gas deliveries in the first half of June totaled $838 million, which brings its total debt to $5.30 billion. Gazprom stopped supplying gas to Ukraine ...

Germany to Force Creditors to Prop Up Struggling Banks

TODAY: Oct. 31, 2014 PUB DATE: July 8, 2014

BERLIN--Germany plans to force bank creditors into propping up struggling banks beginning in 2015, one year earlier than required under European-wide plans that set rules for failing financial institutions, according to a senior German finance ministry official. From next year, ...

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

TODAY: Oct. 31, 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 fell below 17,000 for the first time since breaking through that level on Thursday. Earnings season ...

Argentina Economy Minister to Lead Debt Negotiating Team

TODAY: Oct. 31, 2014 PUB DATE: July 7, 2014

BUENOS AIRES--Argentine Economy Minister Axel Kicillof will lead the negotiating team traveling to New York to meet with a court-appointed mediator on Monday, as it tries to resolve a dispute with creditors over unpaid debts that could see the country ...

Europe Stocks Dip as German Output Disappoints

TODAY: Oct. 31, 2014 PUB DATE: July 7, 2014

European stock markets edged lower Monday as weaker-than-expected German industrial data encouraged investors to take profit on last week's gains. Having gained 1.7% during the previous week, the Stoxx Europe 600 lost 0.1% in early trade, in line with the ...

Chinese Central Bank Sees Growth in "Reasonable Range"

TODAY: Oct. 31, 2014 PUB DATE: July 7, 2014

BEIJING--China's economic growth remains in a "reasonable range," and prices levels are largely steady, the central bank said, suggesting monetary authorities are comfortable with the economy's current pace of growth. Policy makers will use different monetary policy tools in a ...

Dollar Flat Against Yen in Directionless Trade

TODAY: Oct. 31, 2014 PUB DATE: July 7, 2014

By Hiroyuki Kachi The dollar was almost flat against the yen in Asia trade Monday, with no obvious trading cues in sight now that last week's U.S. jobs data has largely been digested by investors. While market participants see no ...

Canadian Bonds Stronger After BOC Survey Suggests Low Inflation

TODAY: Oct. 31, 2014 PUB DATE: July 7, 2014

By Don Curren TORONTO--Canadian bonds ended higher Monday, and outpaced U.S. Treasurys at the short end of the yield curve after the Bank of Canada's business outlook survey indicated Canadian businesses expect inflation will remain well contained. Canada's two-year bond ...

Polish Rate Cuts Hinge On Significant GDP Slowdown, Zloty-Report

TODAY: Oct. 31, 2014 PUB DATE: July 7, 2014

WARSAW--Poland's rate council will cut interest rates only if the outlook for economic growth deteriorates significantly or the local currency rapidly appreciates, central bank Governor Marek Belka told the Dziennik Gazeta Prawna newspaper. The 10-strong interest rate panel last week ...

BOJ Maintains View for All Nine Regional Economies

TODAY: Oct. 31, 2014 PUB DATE: July 7, 2014

TOKYO--The Bank of Japan maintained its assessment of all nine of the country's regional economies Monday, in the latest sign of the economy weathering the headwinds from an increase in the sales tax that took effect in April. The quarterly ...

Anglo American to Sell Lafarge Tarmac Stake

TODAY: Oct. 31, 2014 PUB DATE: July 7, 2014

LONDON--Anglo American PLC (AAL.LN) said Monday it would sell its 50% interest in Lafarge Tarmac Holdings Ltd. to Lafarge SA (LG.FR) for a minimum GBP885 million ($1.5 billion), subject to the success of Lafarge's pending merger with Holcim Ltd. (HCMLY). ...

IMF Says Public Investment Can Aid Growth

TODAY: Oct. 31, 2014 PUB DATE: July 7, 2014

AIX-EN-PROVENCE, France--International Monetary Fund managing director Christine Lagarde said Sunday that public investment should be ramped up in some countries as the global economic recovery remains fragile and laborious. "In the current context of a weak growth outlook and low ...

Dollar Reverses Recent Gains as Treasury Yields Fall

TODAY: Oct. 31, 2014 PUB DATE: July 7, 2014

By James Ramage The dollar reversed recent gains against the yen and euro on Monday, tracking U.S. Treasury yields lower as investors bet a cautious Federal Reserve would keep interest rates low despite improvements in the labor market. The greenback ...

Ukraine Foreign Exchange Reserves Buoyed by Western Aid

TODAY: Oct. 31, 2014 PUB DATE: July 7, 2014

By Alexander Kolyandr MOSCOW--Ukraine's foreign-exchange reserves were only slightly lower in June as Western aid largely offset the amount it spent servicing its foreign debt. The National Bank of Ukraine said Monday its reserves stood at $17.83 billion as of ...

Expedia Bids for Australia's Wotif.com

TODAY: Oct. 31, 2014 PUB DATE: July 7, 2014

SYDNEY--Expedia Inc. (EXPE) bid $703.1 million Australian dollars (US$1.72 billion) for Wotif.com Holdings Ltd. (WTF.AU), as the online hotels giant widens its exposure to fast-growing Asia-Pacific travel markets. Expedia offered A$3.06 and a special dividend of 24 Australian cents per ...