Brazil's Home Prices Lose Ground in February

TODAY: May 23, 2015 PUB DATE: March 4, 2015

By Rogerio Jelmayer SAO PAULO--Brazil's house-price increases lagged behind inflation growth for the second straight month in February amid declining consumer confidence. House prices rose 0.17% in February, accelerating 5.87% over a 12-month period, according to FipeZap, an index of ...

Russian Consumer Prices Up 0.2% in Week to March 2

TODAY: May 23, 2015 PUB DATE: March 4, 2015

MOSCOW-Russia's weekly consumer inflation slowed in early March to levels last seen in October of last year before the main bulk of the ruble's depreciation, data showed Wednesday. According to the Federal Statistics Service, consumer prices rose 0.2% in the ...

PBOC Cuts Interest Rates on Special Lending Tools

TODAY: May 23, 2015 PUB DATE: March 4, 2015

SHANGHAI--China's central bank has lowered interest rates on a special short-term lending tool for commercial banks, a move that followed a recent policy-rate cut that sought to reduce funding costs in a slowing economy, said two people with direct knowledge ...

Citi's Fix-It Man Guides Bank Through Must-Pass Fed Stress Test

TODAY: May 23, 2015 PUB DATE: March 4, 2015

By Christina Rexrode Citigroup Inc. Chief Executive Michael Corbat last spring sent out invitations for a retirement party at an Italian restaurant in midtown Manhattan for Gene McQuade, a veteran banker with a reputation as a behind-the-scenes troubleshooter and peacemaker. ...

CURRENCIES: Dollar Rises To 11-year High Against Euro

TODAY: May 23, 2015 PUB DATE: March 4, 2015

By Joseph Adinolfi, MarketWatch Buck inches lower against yen after weak ADP report NEW YORK (MarketWatch) -- The dollar hit an 11-year high against the euro Wednesday after pushing through a key technical threshold, shrugging off a weaker-than-expected ADP jobs ...

Poland's Central Bank Slashes Rates to Combat Deflation Risk --Update

TODAY: May 23, 2015 PUB DATE: March 4, 2015

By Patryk Wasilewski And Martin M. Sobczyk WARSAW--Poland's central bank slashed its main interest rate by 50 basis points to 1.50%, the lowest on record, in response to persistent declines of consumer prices despite healthy economic growth. Most analysts--17 out ...

PetSmart Results Top Expectations

TODAY: May 23, 2015 PUB DATE: March 4, 2015

By Chelsey Dulaney PetSmart Inc. posted better-than-expected results in its fourth quarter as both revenue and profit improved, in what could be the pet retailer's last full quarter before it is taken private. After facing pressure from shareholders including activist ...

ISM Non-Manufacturing Index Edges Up to 56.9 in February

TODAY: May 23, 2015 PUB DATE: March 4, 2015

The expansion in the U.S. non-manufacturing sector continued at a pace slightly better than expected last month, according to data released Wednesday by the Institute for Supply Management. The ISM's non-manufacturing purchasing managers index came in at 56.9 in February, ...

Russia Finance Ministry to Tap Reserve Fund This Year

TODAY: May 23, 2015 PUB DATE: March 4, 2015

By Andrey Ostroukh MOSCOW--Russia's finance ministry is proposing to increase the use of its reserve fund this year, spending more than three quarters of the budget coffers by the end of 2015, Finance Minister Anton Siluanov said on Wednesday. As ...

Bank of Canada Pauses, Says Amount of Stimulus Appropriate

TODAY: May 23, 2015 PUB DATE: March 4, 2015

OTTAWA--Canada's central bank left its benchmark overnight rate unchanged at 0.75% Wednesday, saying that monetary stimulus is presently "still appropriate," and that risks around the inflation profile are more balanced" after January's rate cut. Financial conditions have eased "materially" since ...

Negative Interest Rates Yield Positive Results--So Far

TODAY: May 23, 2015 PUB DATE: March 4, 2015

By Greg Ip Interest rates can't go below zero--or so says a longstanding rule of economics. Savers would sooner hold cash, goes the logic, than lose money leaving it in the bank. Economists call this presumed floor the "zero bound." ...

Fed's George: Fed Should Raise Rates in Middle of the Year

TODAY: May 23, 2015 PUB DATE: March 4, 2015

By Michael S. Derby NEW YORK--Federal Reserve Bank of Kansas City President Esther George wants to see the U.S. central bank start raising short-term interest rates at some point over the summer, worrying that if Fed doesn't get moving soon ...

Fed's Beige Book Sees Modest Growth

TODAY: May 23, 2015 PUB DATE: March 4, 2015

WASHINGTON--The U.S. economy continued to expand across most of the country at the start of the year amid broad-based hiring and rising consumer spending, though bad weather in the Northeast, lower oil prices and a West Coast port dispute hurt ...

Private Consumption in Mexico Rose Moderately in 2014

TODAY: May 23, 2015 PUB DATE: March 4, 2015

By Anthony Harrup MEXICO CITY--Private consumption in Mexico increased moderately in Mexico last year, roughly in line with growth in the economy, although December saw a slowdown as spending declined from November. Private consumption in December was down 0.5% seasonally ...

Correction to Fed Transcripts Story

TODAY: May 23, 2015 PUB DATE: March 4, 2015

"Fed's Yellen Fretted Over Weak Recovery in 2009, Transcripts Show--4th Update" at 1 p.m. ET misstated the day of the week in the first paragraph. The transcripts were released Wednesday. It also appeared in earlier versions at 12:39 p.m., 11:59 ...

NXP Semiconductor Bets $12 Billion on Smarter Cars

TODAY: May 23, 2015 PUB DATE: March 3, 2015

By Don Clark The race to build smarter cars is prompting another race--to supply the chips that make those vehicles clever. NXP Semiconductor Inc. stepped on the gas on Monday, agreeing to buy Texas-based Freescale Semiconductor Inc. in a cash-and-stock ...

Dollar Falls Against Yen as Nikkei Disappoints

TODAY: May 23, 2015 PUB DATE: March 3, 2015

By Hiroyuki Kachi The dollar lost 0.4% against the yen Tuesday, as a lackluster Tokyo stock market and jaw boning by a Japanese government adviser took the legs from the greenback's overnight rally, pushing it below the Y120 mark. Around ...

IRS Confirms Illegal Immigrant Tax-Refund Ruling, Sparking GOP Outcry

TODAY: May 23, 2015 PUB DATE: March 3, 2015

By John D. McKinnon WASHINGTON--The Internal Revenue Service on Monday confirmed it would allow illegal immigrants benefiting from President Barack Obama's recent executive action to file for tax refunds for prior years, fueling an outcry from Republicans. The IRS explanation ...