Argentina to Ask U.S. Judge for Talks in Debt Dispute

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

By Ken Parks BUENOS AIRES--Argentina's lawyers on Monday will submit a proposal for talks with its creditors to U.S. District Judge Thomas Griesa in an attempt to diffuse a legal dispute that threatens to push the country into a new ...

CURRENCIES: Aussie Rises After China's Manufacturing Expands

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

By Saumya Vaishampayan, MarketWatch NEW YORK (MarketWatch) -- The Australian dollar rose against the U.S. dollar Monday after a better-than-expected reading on Chinese manufacturing showed a return to expansion. The Chinese manufacturing sector swung into growth territory in June, with ...

Oil Futures Ease From Recent Highs

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

By Nicole Friedman NEW YORK--Oil futures slipped Monday as Iraq's oil production continued to be untouched by ongoing violence in the country. Light, sweet crude for August delivery settled down 66 cents, or 0.6%, at $106.17 a barrel on the ...

UK Banks Report Increased Demand For Business, Secured Lending

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

By Ilona Billington LONDON--U.K. businesses' demand for loans rose for a second straight quarter, the Bank of England said Monday, a sign that business investment is picking up and should continue to support the economic recovery. The BOE said in ...

Euro-Zone Business Activity Slows in June -- Update

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

By Paul Hannon Business activity in the euro zone slowed for a second straight month in June, a sign that the recovery continued to be modest as France struggled to generate economic growth. Data firm Markit said its composite purchasing ...

China HSBC PMI Rises to Seven-Month High

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

By William Kazer and Richard Silk BEIJING--A gauge of China's factory activity showed fresh signs of strength in June, helped by improved export demand and a program of economic support for the economy. The HSBC preliminary manufacturing Purchasing Managers' Index ...

Euro-Zone Business Activity Slows in June--Update

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

By Paul Hannon Business activity in the euro zone slowed for a second straight month in June, a sign that the region's recovery continued to be modest as France struggled to generate economic growth. Data firm Markit said its composite ...

Argentina Asks Judge for Talks in Debt Dispute--Update

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

By Ken Parks BUENOS AIRES--The Argentine government has asked U.S. District Judge Thomas Griesa to temporarily suspend his ruling in a dispute between Argentina and creditors that could see the country default for a second time in 13 years. A ...

Central Bank Reserve Managers More Cautious as Fed Tapers

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

By Chiara Albanese Central bank reserve managers across the world are ready to take a more cautious approach to investment as the U.S. Federal Reserve continues to reduce its monetary stimulus, with the full effect of such tapering still to ...

Echo Joins Hong Kong Groups in Brisbane Casino Bid

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

SYDNEY--Echo Entertainment Group Ltd. (EGP.AU) said Monday it has formed a joint venture with Hong Kong-based companies Chow Tai Fook Enterprises Ltd. and Far East Consortium International Ltd. (0035.HK) to bid for the right to develop a new casino complex ...

Gauge of China's Factory Activity Hits Seven-Month High

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

By William Kazer and Richard Silk BEIJING--A gauge of China's factory activity showed fresh signs of strength in June, helped by improved export demand and an economic-support program. The HSBC preliminary manufacturing Purchasing Managers' Index came in at a seven-month ...

Naftogaz Expects To Resume Russia Gas Delivery Talks

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

MOSCOW--The head of Ukraine's state-owned gas company, Naftogaz, said Monday he expects talks with Russia and the European Commission on the resumption of gas deliveries to Ukraine from Russia to resume in July. Russian state gas giant OAO Gazprom cut ...

Argentina to Submit Terms for Debt Dispute Talks

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

BUENOS AIRES--Argentina's lawyers on Monday will submit a proposal for talks with its creditors to U.S. District Judge Thomas Griesa in an attempt to diffuse a legal dispute that threatens to push the country into a new default, a top ...

UK Banks See Increased lending Demand

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

LONDON--U.K. businesses' demand for loans rose for a second straight quarter, the Bank of England said Monday, a sign that business investment is picking up and should continue to support the economic recovery. The BOE said in a quarterly survey ...

Iraq Continues to Support Crude-Oil Price

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

By Cassie Werber LONDON--Crude prices were on a more even keel Monday, despite violence in Iraq over the weekend that threatened to tip the oil-producing country even further into chaos. Brent crude was up 0.1% $114.93 a barrel on ICE ...

EU Ready to Increase Sanctions on Russia

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

LUXEMBOURG--The European Union is ready to increase sanctions pressure on Russia if Moscow doesn't take the opportunity created by Ukraine's cease-fire plan, foreign ministers said Monday. EU heads of government will meet at a summit later this week and are ...

Weak French Data Weighs on European Markets Despite Chinese Boost

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

By Tommy Stubbington Weak economic data from France Monday overshadowed the latest sign that China's economic growth is back on track, putting pressure on European stocks. The Stoxx Europe 600 fell 0.6% in early trade as French manufacturing and services ...

Bets On Rising Brent Oil At 9-Month High

TODAY: Oct. 25, 2014 PUB DATE: June 23, 2014

LONDON--Crude oil speculators increased their bets on a rising price of Brent by 15% in the week when violence struck Iraq, bringing to a nine-month high the net long position that points to a higher future oil price. In the ...