EU Mulls Extending Individual Russia Sanctions Until Sep 2015 - Draft

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Laurence Norman BRUSSELS--The European Union could extend by six months and broaden the targeted individual sanctions it has imposed on Russian officials and companies over the events in Ukraine when foreign ministers meet Thursday, according to a draft version ...

FXCM to Forgive Some Client Losses

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

FXCM Inc. said it would forgive about 90% of its clients who incurred negative balances earlier this month after an unexpected surge in the Swiss franc left them with steep losses. The retail foreign-exchange brokerage said it would notify the ...

U.S. Mortgage Application Volume Falls

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

The average number of mortgage applications for the week ended Friday fell 3.2% from the previous week, according a survey by the Mortgage Bankers Association. The results include an adjustment to account for the Martin Luther King Jr. federal holiday. ...

EU Approves Three-Part Deal Between Novartis, GlaxoSmithKline

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Tom Fairless BRUSSELS--Drug giants Novartis AG and GlaxoSmithKline PLC won European Union regulatory approval Wednesday for a complicated series of deals worth more than $20 billion that will focus Novartis' scope and turn Glaxo into a vaccines-and-consumer-drug powerhouse. The ...

U.S. Crude-Oil Stocks Hit Record High

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

U.S. crude stockpiles rose to a record high in the week ended Jan. 23, according to data released Wednesday by the U.S. Energy Information Administration. Crude-oil stockpiles gained 8.9 million barrels to 406.7 million barrels, compared with an average survey ...

Dollar Higher Against Yen Ahead of FOMC

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Hiroyuki Kachi The dollar was higher against the yen in Asian trade Wednesday, as investors await the results of the Federal Reserve's policy meeting later in the day, as well as a series of U.S. economic data. Around 0450 ...

Singapore Central Bank Eases Currency Policy

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

SINGAPORE--Singapore's central bank Wednesday announced a surprise easing of its currency policy, as inflationary pressures in the country are expected to remain subdued in the wake of falling global oil prices. In a statement ahead of its scheduled policy meeting ...

Oil Slides as Supply Seen Rising Again -- Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Georgi Kantchev LONDON--Oil prices slid on Wednesday on reports of another surge in U.S. oil supply while major banks continued to slash their price forecasts for this year. Barclays and Credit Suisse lowered their estimates seeing little respite for ...

European Stocks Rise

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Tommy Stubbington European stocks rebounded Wednesday, lifted by some upbeat corporate news, with investors awaiting a U.S. Federal Reserve statement for clues on the likely timing of a rise in interest rates. The Stoxx Europe 600 index was 0.3% ...

Japan Economy Has Largely Overcome Sales Tax Impact

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

TOKYO--Japan's finance ministry said Wednesday that the economy has largely overcome the impact of an April tax increase, maintaining for the fourth straight quarter its overall assessment that the economy is on a recovery path. "A gradual recovery is continuing ...

Brazil's Industrial Confidence Increases in January

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Rogerio Jelmayer SAO PAULO--Brazil's industrial-sector confidence increased in January, as demand for goods from businesses showed some signs of strengthening. Brazil's main industrial sector-confidence index was at 85.9 points in January, up from 84.3 points in December, the Getulio ...

Greece Ready for Talks on Cutting Its Debt

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

ATHENS--Greece's Prime Minister Alexis Tsipras outlined Wednesday his new government's top priorities, saying that the coalition is ready to launch negotiations with international creditors to reduce the country's massive debt pile without any "catastrophic" clashes. Addressing his government's first cabinet ...

German Car Chiefs Seek EU, U.S. Agreement on Export Tariffs

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By William Boston BERLIN--Leading German automotive executives Wednesday urged European and U.S. to conclude an agreement on free trade to remove export tariffs and regulatory barriers. The U.S. and the European Union have been engaged in free trade negotiations for ...

Pending Home Sales Seen Up 0.6% -- Data Week Ahead

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

The following are forecasts for this week's remaining data from a survey compiled by the Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS (ET) Thursday 0830 Jobless Claims Jan 24 300K (21) 307K 1000 Pending Home Sales Dec +0.6% ...

Canada December Job Losses Deeper After Revisions

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Nirmala Menon OTTAWA--Canada lost almost three times as many jobs in December as originally estimated, and job creation for the full year also fell short, suggesting Canada's labor market is on a weaker footing than previously believed. The Canadian ...

U.S. December Building Permits Revised Higher

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

U.S. building permits for December were revised to up 0.5% from November to a seasonally adjusted rate of 1.058 million, the Commerce Department reported Wednesday. December building permits were originally reported as being down 1.9% at a seasonally adjusted rate ...

Qatar Set to Gain Control of Canary Wharf -- 2nd Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Ed Ballard, Art Patnaude and Nick Kostov LONDON--Years of conjecture over the sale of London's skyscraper-studded Canary Wharf business district appear to be over. The Qatar Investment Authority and Canadian investors Brookfield Property Partners LP are poised to gain ...