St. Croix Refinery Revival Awaits Tax Vote

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

(FROM THE WALL STREET JOURNAL 12/19/14) By Alison Sider Robert Moore, a former energy trader in New Canaan, Conn., was eating dinner at a local Mexican restaurant last year when he overheard a fellow diner talking excitedly about reopening a ...

Oil Prices Rise in Asian Trade -- Update

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Eric Yep SINGAPORE--Oil prices moved back into positive territory in Asian trade Friday, after posting sharp overnight losses, and prices are likely to remain volatile as markets continue to look for a price floor. On the New York Mercantile ...

BOJ Stands Pat on Policy

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

TOKYO--The Bank of Japan stood pat on monetary policy Friday, opting to gauge the effects of its expanded stimulus campaign, despite a rapid fall in global oil prices that threatens its efforts to generate 2% inflation. Investors had been watching ...

Kuroda Suggests Price Growth Won't Accelerate

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Takashi Nakamichi and Tatsuo Ito TOKYO--Bank of Japan Gov. Haruhiko Kuroda said Friday that the pace of growth in the nation's prices may not start to pick up again until early summer, striking a cautious tone as falling global ...

European Stocks Climb Higher

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Josie Cox European stocks continued to rally in early trading Friday, mirroring a sharp surge on Wall Street Thursday amid buying spurred by the U.S. Federal Reserve's pledge to adopt a "patient" approach when raising interest rates in 2015. ...

Yuan's Slide Gathers Steam

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Anjani Trivedi The Chinese yuan's slide gathered steam on Friday, falling to its lowest level in more than five months and nearing the weak end of its trading band, as the market increasingly grows weary of a slowdown in ...

Brazil's November Current Account Deficit Widens to $9.3 Billion

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

RIO DE JANEIRO--Brazil's current account deficit widened in November from October, while foreign direct investment declined, the country's central bank said on Friday. Brazil posted a current account deficit of $9.3 billion in November, compared with $8.1 billion in October. ...

WPP to Acquire Ecuadorian Market Research Firm

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

LONDON--Advertising company WPP PLC (WPP.LN) said Friday that its unit Millward Brown has agreed to acquire Ecuadorian market research firm Habitus Investigacion SA for an undisclosed sum. Habitus is expected to record $5 million in revenue in its 2014 financial ...

Correction to Dollar Story

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

"Dollar Higher Against Yen on Diverging Monetary Policy," at 0507 GMT, misstated the time reference for the dollar price in the second paragraph. The correct time was 0450 GMT, not 0550 GMT (END) Dow Jones Newswires December 19, 2014 02:49 ...

Gold Rises on Hopes for Continued Low U.S. Interest Rates

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Ira Iosebashvili Gold prices rose Friday, buoyed by comments from the Federal Reserve earlier in the week that suggested the central bank is in no hurry to raise U.S. interest rates from rock-bottom levels. Gold for February delivery, the ...

Russian Ruble Rises Slightly -- 2nd Update

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Andrey Ostroukh MOSCOW--Russia's embattled ruble strengthened a little on Friday as overnight lending rates soared and authorities scrambled to shore up the banking system, which has been hammered by financial instability. Though the currency--down some 50% against the dollar ...

Chicken of the Sea Owner to Buy Bumble Bee Seafoods

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Josh Beckerman Thai Union Frozen Products PCL (TUF.TH), whose brands include Chicken of the Sea, has agreed to purchase Bumble Bee Seafoods from private-equity firm Lion Capital for $1.51 billion. Bumble Bee has annual sales of more than $1 ...

China Raises 2013 GDP Estimate by 3.4%

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

BEIJING--China raised its estimate of its 2013 economic output by 3.4% based on its latest survey of the economy, the National Bureau of Statistics said on Friday. The statistics bureau said China's gross domestic product in 2013 was 58.80 trillion ...

European Stocks Remain Volatile - 3rd Update

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Josie Cox European stocks remained volatile Friday, with investors weighing the prospect of more monetary stimulus in Europe against the threat of political upheaval in Greece as well as the Russian currency crisis. Having opened the day higher, mirroring ...

UK Public Finances Get Boost From Forex Fines

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

LONDON--The U.K. borrowed less in the eight months to November than it did during the year-earlier period, official figures showed Friday, as government receipts received a boost last month from foreign-exchange trading fines on British banks. The U.K. public sector ...

German Consumer Sentiment to Rise

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

By Emese Bartha FRANKFURT--German consumer confidence is set to start the new year on a strong note, hitting its highest level in eight years, on hopes economic expansion in Europe's largest economy will accelerate in the coming months, a sentiment ...

German Foreign Minister in Ukraine for Talks on Cease-Fire, Economy

TODAY: Dec. 19, 2014 PUB DATE: Dec. 19, 2014

BERLIN--German Foreign Minister Frank-Walter Steinmeier is in Ukraine Friday to discuss with government officials the cease-fire agreement and the economic stabilization of the country, his ministry said. The meeting with Ukrainian President Petro Poroshenko and Prime Minister Arseniy Yatsenyuk comes ...