China Central Bank Cuts Interest Rates -- Update

TODAY: Nov. 22, 2014 PUB DATE: Nov. 21, 2014

BEIJING--China cut lending rates for the first time in more than two years, in an acknowledgment that its piecemeal efforts to bolster its flagging growth have failed. The surprise move by the People's Bank of China on Friday comes amid ...

China Central Bank Cuts Interest Rates -- 2nd Update

TODAY: Nov. 22, 2014 PUB DATE: Nov. 21, 2014

BEIJING--China cut lending rates for the first time in more than two years, in an acknowledgment that its piecemeal efforts to bolster its flagging growth have failed. The surprise move by the People's Bank of China on Friday comes amid ...

U.S. Stock Futures Rally on China, Draghi

TODAY: Nov. 22, 2014 PUB DATE: Nov. 21, 2014

By Saumya Vaishampayan U.S. stock futures surged Friday after China's central bank cut interest rates and the European Central Bank's president reiterated that the institution was ready to expand its stimulus program. Dow Jones Industrial Average futures jumped 134 points, ...

CURRENCIES: Euro Falls Against The Dollar After ECB Expands Asset Purchases

TODAY: Nov. 22, 2014 PUB DATE: Nov. 21, 2014

By Joseph Adinolfi, MarketWatch Greenback continues to depreciate against the yen NEW YORK (MarketWatch) -- The euro extended its losses against the dollar Friday after the European Central Bank began purchasing asset-backed securities, expanding its quantitative easing regimen as inflation ...

Mexico's Economy Advances Moderately in Third Quarter -- Update

TODAY: Nov. 22, 2014 PUB DATE: Nov. 21, 2014

By Anthony Harrup MEXICO CITY--Mexico's economic recovery continued at a moderate pace in the third quarter, with gains in agriculture, industry and services all contributing to growth. Gross domestic product expanded 2.2% in the July-September period, compared with the third ...

Tarullo Says Regulators Looking at Banks' Commodities Activities

TODAY: Nov. 22, 2014 PUB DATE: Nov. 21, 2014

WASHINGTON--Bank regulators are expanding their examination of bank activities in commodities markets, a senior Federal Reserve official plans to tell Congress Friday. Fed governor Daniel Tarullo, who will testify before the Senate Permanent Subcommittee on Investigations, will provide details of ...

Global Markets Rally -- 7th Update

TODAY: Nov. 22, 2014 PUB DATE: Nov. 21, 2014

By Tommy Stubbington Heavyweight central banks gave a strong message of support to markets Friday, prompting a rally around the world. Stocks and bonds in Europe surged after European Central Bank President Mario Draghi underlined his message that the central ...

Mexican Cuts 2014 Economic Growth Forecast

TODAY: Nov. 22, 2014 PUB DATE: Nov. 21, 2014

MEXICO CITY--The Mexican government lowered its estimate for economic growth for this year, forecasting gross domestic product to expand between 2.1% and 2.6%, compared with its previous estimate of 2.7%, Deputy Finance Minister Fernando Aportela said on Friday. Mr. Aportela ...

Oil Prices Higher on China's Surprise Rate Cut

TODAY: Nov. 22, 2014 PUB DATE: Nov. 21, 2014

By Timothy Puko And Cassie Werber NEW YORK--Oil prices held on to small gains Friday, after an early rally was sparked by China's decision to cut interest rates, fanning hopes for increasing demand from the world's second-largest crude consumer. The ...

Aviva Plans to Buy Friends Life Group -- 2nd Update

TODAY: Nov. 22, 2014 PUB DATE: Nov. 21, 2014

By David Wighton Aviva PLC announced plans for a GBP5.6 billion ($8.8 billion) takeover of Friends Life Group in an all-share deal that it said would create the largest insurance, savings and asset-management company in the U.K. Aviva said the ...

Global Markets Rally -- 5th Update

TODAY: Nov. 22, 2014 PUB DATE: Nov. 21, 2014

By Tommy Stubbington Heavyweight central banks gave a strong message of support to markets Friday, prompting a rally around the world. Stocks and bonds in Europe surged after European Central Bank President Mario Draghi underlined his message that the central ...

European Stocks Boosted by Draghi Comments on Stimulus -- Update

TODAY: Nov. 22, 2014 PUB DATE: Nov. 21, 2014

By Tommy Stubbington European Central Bank President Mario Draghi gave European markets a boost Friday by underlining his message that the central bank is ready to expand its stimulus program. Stocks and bonds surged, while the euro weakened, after Mr. ...

Oil Futures Edge Higher, Brent Pushes Toward $80 a Barrel

TODAY: Nov. 22, 2014 PUB DATE: Nov. 21, 2014

By Eric Yep Crude-oil futures extended overnight gains in Asian trade Friday on growing confidence that the Organization of the Petroleum Exporting Countries will take action to cut some supply at next week's meeting. On the New York Mercantile Exchange, ...