Falling U.S. Yields Pressure Dollar

TODAY: Oct. 23, 2014 PUB DATE: June 27, 2014

A renewed slide in U.S. government bond yields continued to exert downward pressure on the dollar Friday, particularly against the yen. The Japanese currency hit a one-month high against the dollar, in line with its reliable inverse relationship with U.S. ...

Liberty Global Launches Offer for Ziggo

TODAY: Oct. 23, 2014 PUB DATE: June 27, 2014

U.S. media mogul John Malone's Liberty Global PLC (LBTYB) has officially launched its 35.74 euro ($48.67) share and cash offer for Dutch cable company Ziggo NV (ZIGGO.AE), after months of talks which started as far back as last August. Under ...

Bank of Thailand Hopeful for Economic Recovery

TODAY: Oct. 23, 2014 PUB DATE: June 27, 2014

By Nopparat Chaichalearmmongkol BANGKOK--Thailand's central bank is hopeful that the country's economy will return to normal in 2015 given the greater clarity in the political situation as a result of the May 22 coup. The recovery in the export sector ...

Caesars to Close Showboat in Atlantic City -- Update

TODAY: Oct. 23, 2014 PUB DATE: June 27, 2014

By Heather Haddon and Joshua Jamerson Caesars Entertainment Corp. said Friday that it would close the Showboat casino-hotel in Atlantic City this summer, dealing another blow to a resort city already reeling from increased competition and a yearslong decline in ...

House Republicans Seek Information on Missing IRS Emails -- Update

TODAY: Oct. 23, 2014 PUB DATE: June 27, 2014

By John D. McKinnon WASHINGTON--House Republicans investigating Internal Revenue Service targeting of conservative tax-exempt groups on Friday issued more requests for information about emails that might have been lost because of technology failures. In a response letter, the IRS said ...

U.S. Consumer Spending Rises -- Update

TODAY: Oct. 23, 2014 PUB DATE: June 26, 2014

By Josh Mitchell WASHINGTON--Americans spent cautiously in May despite stronger income growth, a sign the economy is struggling to lift off after a winter downturn. Meanwhile, a key measure of inflation rose to its highest level in 19 months, nearing ...

French Unemployed Reaches New Record High

TODAY: Oct. 23, 2014 PUB DATE: June 26, 2014

By William Horobin PARIS--The number of unemployed people in France jumped to a new record high in May, data showed Thursday, underscoring the impact of a long period of feeble economic growth in the euro zone's second largest economy. The ...

Bullard: Time to Tighten Nearer Than Many Expect

TODAY: Oct. 23, 2014 PUB DATE: June 26, 2014

NEW YORK--Federal Reserve Bank of St. Louis President James Bullard said Thursday that an improving economy and rising price pressures mean the U.S. central bank is getting closer to the time when it will need to raise short-term interest rates. ...

Thailand Posts Weak Trade Data

TODAY: Oct. 23, 2014 PUB DATE: June 26, 2014

BANGKOK--Thailand reported weak trade activities in May due to lower farm-product shipments and sluggish imports, as the country's trade deficit shrank. Exports contracted across the board, falling 2.14% from the same period last year to $19.4 billion, said Nuntawan Sakuntanaga, ...

Brazilian Consumer Confidence Increases in June

TODAY: Oct. 23, 2014 PUB DATE: June 26, 2014

By Rogerio Jelmayer SAO PAULO--Brazil's main consumer confidence indicator increased in June, ending two-consecutive months of drops, as certain signs of inflation slowdown, despite country's tepid economic activity, the Getulio Vargas Foundation, or FGV, said Thursday. FGV said its consumer-confidence ...

U.K. Energy Suppliers Face In-Depth Antitrust Probe

TODAY: Oct. 23, 2014 PUB DATE: June 26, 2014

LONDON--The U.K.'s antitrust regulator will conduct an 18-month investigation into the country's energy sector after a review found that a lack of competition is hurting consumers. Ofgem, the U.K.'s energy regulator, on Thursday said the Competition and Markets Authority will ...

Australian Job Vacancies Rise in March-May

TODAY: Oct. 23, 2014 PUB DATE: June 26, 2014

By James Glynn SYDNEY--Australian job vacancies rose 2.5% in seasonally adjusted terms in the three months through May from the preceding quarter, the Australian Bureau of Statistics reported Thursday. A close watch is being kept all indicators of the labor ...

Singapore Manufacturing Falls in May; Electronics, Pharmaceuticals Drag

TODAY: Oct. 23, 2014 PUB DATE: June 26, 2014

By Gaurav Raghuvanshi SINGAPORE--Manufacturing output in Singapore unexpectedly contracted in May because of a decline in the production of electronics and pharmaceuticals, according to government data released on Thursday. It contracted 2.5% year over year compared with a revised 5.3% ...

French Consumer Confidence Edges Higher in June

TODAY: Oct. 23, 2014 PUB DATE: June 26, 2014

By William Horobin PARIS--French consumer confidence edged slightly higher in June as households become more confident about their future finances and their ability to make signficant purchases. Consumer confidence rose to 86 in June from 85 in May, according to ...

Small Gain Expected for Consumer Sentiment -- Data Week Ahead

TODAY: Oct. 23, 2014 PUB DATE: June 26, 2014

The following are forecasts for this week's remaining data from a survey compiled Friday and Monday. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS (ET) Friday 0955 Consumer Sentiment(final) Jun 81.9 (22) 81.2* *Preliminary June reading (Figures in parentheses refer to number ...

China Expands Liberalization of FX Deposit Rates

TODAY: Oct. 23, 2014 PUB DATE: June 26, 2014

China's central bank took a small step toward its long-promised liberalization of interest rates by partially removing a cap on foreign-currency deposit rates in Shanghai. The incremental move is part of a longer-term bid to introduce more competition within China's ...

Bank of England Tightens Mortgage-Lending Rules

TODAY: Oct. 23, 2014 PUB DATE: June 26, 2014

LONDON--The Bank of England tightened mortgage-lending rules in the U.K. Thursday to prevent too many homebuyers taking on too much debt, underscoring officials' growing concern that a booming housing market may one day pose a risk to Britain's economy. The ...

Lacker See Structural Issues in Jobs Market

TODAY: Oct. 23, 2014 PUB DATE: June 26, 2014

LYNCHBURG, Va.--Much of the weakness remaining in the U.S. labor market is due to structural issues, such as a skills mismatch between available workers and available jobs, that cannot be easily addressed by monetary policymakers at the Federal Reserve, Federal ...