Renova Buys 4.99% Stake in Dresser-Rand

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

FRANKFURT--Renova, a holding company of Russian oligarch Victor Vekselberg, on Friday said it has bought a 4.99% stake in U.S. oil-industry equipment firm Dresser-Rand Group Inc (DRC). The announcement adds a twist to speculation on the future of Dresser-Rand. Mr. ...

MARKET SNAPSHOT: Stocks End Week Higher; Dow At Record

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

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch)--U.S. stocks ended Friday's volatile session mixed, but the Dow Jones Industrial Average eked out a gain and closed at a record high. The main benchmarks ended an eventful week with ...

BOND REPORT: Treasury Yields Dip In Wake Of Scotland Vote

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

By William Watts, MarketWatch NEW YORK (MarketWatch) -- U.S. Treasurys gained ground, pulling down yields, as investors digested Scotland's rejection of an independence referendum. The yield on the 10-year U.S. Treasury (10_YEAR) fell 1.5 basis points to 2.601%. Yields move ...

British Pound Rises as Survey Shows More Leaning Toward U.K.

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

WELLINGTON, New Zealand--The British pound rose sharply against the dollar in early Asia after a postelection survey of Scottish voters showed them leaning toward staying in the U.K. and initial results were pro-union. The pound climbed against the U.S. dollar ...

MARKET SNAPSHOT: U.S. Stocks: Futures Higher As Fed Rate View Holds

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

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- U.S. stock futures pushed higher on Friday, ahead of one of the world's biggest initial public offerings ever, and as news Scotland will stay in the U.K. removed some uncertainty for markets. Futures ...

Crude Oil Futures Slip on Supply, Firmer Dollar

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

By Neena Rai Crude oil futures traded a tad lower on Friday as ample global supplies and a stronger dollar capped prices. The price of Brent crude oil has fallen over the past three months as a result of rising ...

DATA SNAP: Canada CPI Climbs 2.1% in August

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

August Inflation Report =-----------------------------------------=--=--=--=--=--== Key Numbers Aug. July ! Consensus: ! Core Inflation y/y +2.1% +1.7% !Core: +1.8% y/y! Core Inflation m/m +0.5% -0.1% !Headline: +2.1%! All-items CPI y/y +2.1% +2.1% ! ! All-items CPI m/m +0.0% -0.2% !Actual: ! ...

German Producer Price Index Declines in August

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

FRANKFURT--Germany's producer price index declined in August, pressured by energy costs, data from the country's statistics office showed Friday. The producer price index decreased by 0.1% on the month and fell 0.8% on the year in August, equaling the previous ...

French Prime Minister Faces Tough German Mission

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

By Gráinne McCarthy PARIS--Fresh from securing a fragile majority in the French parliament, French Prime Minister Manuel Valls is embarking on an equally delicate mission to convince another skeptic of its economic plans: German Chancellor Angela Merkel. When he has ...

Dollar Hits Six-Year High Against Yen

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

By Matt Day The dollar hit a six-year high against the yen and a 14-month peak against the euro Friday as investors bet that a steadying U.S. economy meant an eventual interest rate rise is still in the cards. This ...

Renova Buys 4.99% Stake in U.S. Energy Firm Dresser-Rand

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

By Eyk Henning FRANKFURT--Renova, a holding company of Russian oligarch Victor Vekselberg, on Friday said it has bought a 4.99% stake in U.S. oil-industry equipment firm Dresser-Rand Group Inc (DRC). The announcement adds a twist to speculation on the future ...

BOND REPORT: Treasury Yields Fall As Investors Reassess Fed

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

By William Watts, MarketWatch NEW YORK (MarketWatch)--U.S. Treasurys gained ground on Friday, pulling down yields as investors stepped back into the market after a Federal Reserve-inspired selloff. The yield on the 10-year U.S. Treasury (10_YEAR) fell 4.5 basis points to ...

CURRENCIES: Dollar Extends Gains; Pound Wobbles As Scots Go To Polls

TODAY: Sept. 19, 2014 PUB DATE: Sept. 18, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- The U.S. dollar pushed higher across the board, hitting a fresh six-year high against the yen in Asia, while the British pound found trading choppy as polling opened in Scotland for the closely ...

New Zealand GDP Beats Expectations But Dairy Weighs

TODAY: Sept. 19, 2014 PUB DATE: Sept. 18, 2014

By Rebecca Howard WELLINGTON, New Zealand--New Zealand's economy continued to expand in the second quarter but the pace of growth slowed as agriculture, forestry and mining output eased. Gross domestic product rose 0.7% on the quarter in the three months ...

China PBOC Cuts 14-Day Repo Rate to 3.50%

TODAY: Sept. 19, 2014 PUB DATE: Sept. 18, 2014

SHANGHAI--China's central bank cut its 14-day repurchase agreement rate offered Thursday by 20 basis points, guiding market rates lower, after it kept the rate at 3.70% since it resumed offering the 14-day tool late July. "It's the central bank's alternative ...

Sweden Raises Estimate of Second-Quarter Growth

TODAY: Sept. 19, 2014 PUB DATE: Sept. 18, 2014

By Charles Duxbury STOCKHOLM--Sweden bumped up its estimate for second-quarter growth Thursday, saying higher domestic consumption and fixed investments helped the economy to expand more than previously thought. Sweden's statistics agency said gross domestic product rose 0.7% on the quarter, ...

MARKET SNAPSHOT: U.S. Stocks: Futures Gain; Jobless Claims Drop

TODAY: Sept. 19, 2014 PUB DATE: Sept. 18, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- U.S. stock futures were modestly higher on Thursday, as investors cheered China's efforts to boost economic growth as wells as upbeat jobs data. However, weakness in U.S. housing may ...

CURRENCIES: Dollar Extends Gains; Pound Choppy As Scots Go To Polls

TODAY: Sept. 19, 2014 PUB DATE: Sept. 18, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- The U.S. dollar pushed higher across the board, hitting a fresh six-year high against the yen, while the British pound found trading choppy as polling opened in Scotland for the closely watched referendum ...