Canada New House Prices Advance 0.1% in December

TODAY: Feb. 12, 2016 PUB DATE: Feb. 11, 2016

By Paul Vieira OTTAWA--Canadian new house prices rose in December, although at a slower pace than anticipated, on gains in the Toronto and Vancouver markets. Canada's new housing price index advanced 0.1% in December, Statistics Canada said Thursday. Market expectations ...

Norwegian Air Reports Narrowing Fourth-Quarter Loss

TODAY: Feb. 12, 2016 PUB DATE: Feb. 11, 2016

By Christina Zander STOCKHOLM--Norwegian Air Shuttle ASA (NAS.OS) Thursday said its losses in the fourth quarter narrowed, reflecting a lower fuel price. The company reported a net loss for the three months ended Dec. 31, 2015, of 373 million Norwegian ...

Stocks Tumble as Investors Flee to Safety

TODAY: Feb. 12, 2016 PUB DATE: Feb. 11, 2016

By Corrie Driebusch in New York and Riva Gold in London The global stock selloff intensified Thursday as investors sold shares across all sectors and sought safety in government bonds and gold. A resumption in the slide in bank shares ...

South Africa's Zuma Faces Gravest Challenge Yet

TODAY: Feb. 12, 2016 PUB DATE: Feb. 11, 2016

By Patrick McGroarty and Joe Parkinson JOHANNESBURG--South Africa's unraveling economy and a string of corruption scandals are coalescing into the gravest challenge for President Jacob Zuma in seven years in office. Those pressures transformed Mr. Zuma's state-of-the-nation address Thursday into ...

U.S. Stocks Swoon as Investors Seek Havens

TODAY: Feb. 12, 2016 PUB DATE: Feb. 11, 2016

By Saumya Vaishampayan and Riva Gold Investors around the world fled stocks and piled into havens Thursday as a cautious tone from the Federal Reserve, a resumption of the slide in bank shares and a fresh fall in oil prices ...

Farmland Prices Fall in Much of Central U.S.

TODAY: Feb. 12, 2016 PUB DATE: Feb. 11, 2016

By Jesse Newman Farmland values dropped across much of the Midwest in the fourth quarter, according to Federal Reserve reports on Thursday, a symptom of continued weakness in the agricultural sector fueled by several years of depressed crop prices. The ...

New Zealand's Food Price Index Rises 2.0% on Month in January

TODAY: Feb. 12, 2016 PUB DATE: Feb. 11, 2016

By Kate Geenty WELLINGTON, New Zealand--New Zealand's food-price index rose 2.0% in January from the previous month, driven up by higher fruit and vegetable prices, government data showed Friday. The rise was the largest monthly jump since June 2013 and ...

U.S. Soybean Prices Rise on Export Sales; Corn Mixed

TODAY: Feb. 12, 2016 PUB DATE: Feb. 11, 2016

By Jesse Newman CHICAGO--Prices of U.S. soybean futures jumped on Thursday because of strong export sales and short-covering by investors. Wheat prices closed lower, while those for corn were mixed. Soybean rose off a more-than-two-month low following a report by ...

Low Oil Prices Don't Trickle Down Much to European Drivers

TODAY: Feb. 12, 2016 PUB DATE: Feb. 11, 2016

By Neanda Salvaterra LONDON--About six months ago, when the oil price dipped below $40 a barrel for the first time in six years, Nicholas Samy traded in his gas-guzzling truck and bought a tiny Toyota Yaris. "Petrol is still expensive," ...

Andreessen Horowitz Sells Some Lyft Shares to Prince Al-Waleed

TODAY: Feb. 12, 2016 PUB DATE: Feb. 11, 2016

Two of the most prominent investors in ride-hailing service Lyft Inc. quietly sold $148 million in shares of the company in recent weeks, according to people familiar with the matter. Andreessen Horowitz and Founders Fund, a venture firm founded by ...

Yellen Stands Against Rate Rule

TODAY: Feb. 12, 2016 PUB DATE: Feb. 11, 2016

Federal Reserve Chairwoman Janet Yellen on Wednesday reiterated her opposition to legislation that would force the Fed to follow a mathematical rule for setting interest rates. Testifying before the House Financial Services Committee, Ms. Yellen conceded the economy is "in ...

Shipping Firms Get Swamped In Trade Slowdown

TODAY: Feb. 12, 2016 PUB DATE: Feb. 11, 2016

(FROM THE WALL STREET JOURNAL 2/11/16) By Costas Paris and Dominic Chopping Amid years of falling freight rates and overcapacity, the biggest players in the global container-shipping industry tried to use their scale and deep pockets to out-navigate their smaller ...

Google Defends U.K. Tax Settlement Before Lawmakers

TODAY: Feb. 12, 2016 PUB DATE: Feb. 11, 2016

Executives for Alphabet Inc.'s Google business defended their settlement with the U.K.'s tax authority before a panel of British lawmakers Thursday, trying to stanch criticism of a deal that critics say let the search giant off too lightly. In testy ...

Australia to Name Foreign-Investment Critic as Deputy Leader

TODAY: Feb. 12, 2016 PUB DATE: Feb. 11, 2016

By Rob Taylor CANBERRA, Australia--A reshuffle at the heart of Prime Minister Malcolm Turnbull's government is set to see a vocal critic of foreign investment in Australia elevated to the role of deputy prime minister, posing a potential headache for ...