Support Sags for Australia's Abbott as First Budget Nears

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

By Rob Taylor CANBERRA, Australia--When Tony Abbott claimed victory in last year's national election, Australia's new prime minister said his conservative administration would quickly cut taxes and act to boost the economy--slowing as a long mining boom fades ...

Bayer to Buy Merck's Consumer Business for $14.2 Billion

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

Merck & Co. agreed to sell its consumer-care business, including the trademark and rights for allergy-treatment Claritin and nasal decongestant Afrin, to Bayer AG for $14.2 billion. Merck said it expects to close the sale of the unit during the ...

U.S. Trade Gap Narrows in March

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

WASHINGTON--The nation's trade gap narrowed in March as both exports and imports rose, a sign of stronger demand at home and overseas that should bolster the U.S. economy headed into the spring. U.S. exports rose a seasonally ...

Canada Ivey Purchasing Managers Index at 54.1 in April

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

By Judy McKinnon The Ivey Purchasing Managers Index was at 54.1 on a seasonally adjusted basis in April, indicating that purchasing activity in Canada expanded from March. The index, which measures changes in economic activity as indicated by a ...

China Central Bank Vows to Step Up Monitoring of Loan Default Risks

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

China's central bank said Tuesday that it would strengthen its monitoring of default risk from loans to the property sector, local government financing companies and industries struggling with overcapacity. In its first-quarter monetary report, the People's Bank of ...

Bayer Says It Remains Committed to Animal Health Unit

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

By Neetha Mahadevan FRANKFURT--Bayer AG (BAYN.XE) said Tuesday it remains committed to its animal health unit and its struggling materials science division, even as it invests billions to acquire Merck & Co. Inc.'s (MRK) consumer care business to bolster ...

AstraZeneca Sets Out Pfizer Defense -- Update

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

By Hester Plumridge LONDON--AstraZeneca PLC set out its defense against takeover interest from Pfizer Inc., issuing new financial targets and highlighting the potential value of its drugs in development, four days after turning down a bid worth more than $106 ...

Thirty-Year Mortgage Rate Falls in Latest Week --Zillow

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

By Tess Stynes Real-estate website Zillow Inc. (Z) said its real-time rate on 30-year fixed-rate mortgages fell in the latest week, amid political unrest in the Ukraine. The 30-year fixed-mortgage rate on Zillow's Mortgage Marketplace, which tracks mortgages on ...

U.K. Not Ruling Out Intervening in Pfizer AstraZeneca Deal

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

LONDON--U.K. Business Secretary Vince Cable said on Tuesday that the British government was "very alive" to considerations of the national interest in Pfizer Inc.'s (PFE) efforts to buy U.K. rival AstraZeneca PLC (AZN) and hasn't ruled ...

CURRENCIES: Pound Jumps; Euro Gains 'almost Taunting' ECB

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

By Saumya Vaishampayan, MarketWatch NEW YORK (MarketWatch) -- The British pound took a run at $1.70 on Tuesday after strong service-sector data added to speculation that the Bank of England could be forced to raise interest rates sooner than expected ...

Missouri Lawmakers Enact Income-Tax Rate Reduction

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

JEFFERSON CITY, Mo.--Missouri's Republican-led legislature enacted the state's first income-tax rate reduction in almost a century Tuesday by overriding the veto of Democratic Gov. Jay Nixon. The law will gradually cut Missouri's top individual income-tax rate ...

Asian Morning Briefing: U.S. Stocks Close Broadly -2-

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

2245 NZ Q1 Labour Cost Index (Salary & Wage Rates) 2245 NZ Q1 Household Labour Force Survey 2245 NZ Q1 Quarterly Employment Survey 2315 JPN Apr Japan Services PMI 2330 AUS Apr Australian PCI 2350 JPN Apr Bank of Japan Monetary ...

Euro Rises After Upbeat Economic Data -- Update

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

By Josie Cox Upbeat economic data, particularly from Europe's weaker areas, drove the euro to a near two-month high against the dollar Tuesday, adding new complexity to the European Central Bank's policy meeting this week. Activity in Spain ...

Australia March Trade Surplus Below Expectations

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

SYDNEY--Australia posted a smaller-than-expected trade surplus in March as the value of exports fell. The trade surplus of 731 million Australian dollars (US$678 million) in March, compared with a surplus of A$1.26 billion in February, the Australian ...

OECD Cuts Forecast for 2014 Global Growth

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

LONDON--The European Central Bank should immediately cut its benchmark interest rate, and may even then have to take additional measures to end a period of too low inflation in the euro zone, the Organization for Economic Cooperation and Development said ...

India Services Activity Shrinks Again -HSBC

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

By Anant Vijay Kala NEW DELHI--Services-sector activity in India shrunk for the 10th successive month in April, according to a HSBC index on Tuesday. The seasonally adjusted Service Sector Business Activity Index rose to 48.5 from 47.5 in ...

Oil Futures Drift Lower on Rising U.S. Inventory Levels

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

By Eric Yep Crude-oil futures were slightly lower in Asian trading hours, extending overnight losses, ahead of U.S. weekly oil inventory data that is expected to show a further increase in supplies. On the New York Mercantile Exchange, light ...

Pfizer Inc Statement re Financial Results for Q1 2014

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

TIDMPFZ RNS Number : 3091G Pfizer Inc 06 May 2014 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS ...

Hollande Promises to Turn Around Economy With Tax Cuts

TODAY: Sept. 19, 2014 PUB DATE: May 6, 2014

By William Horobin French President François Hollande said Tuesday he will forge ahead with his plans to cut public spending and grant tax breaks to business, acknowledging French people are angry after he failed to deliver on pledges to turn ...