MARKET SNAPSHOT: U.S. Stocks Flirt With Records Ahead Of Key Jobs Report

TODAY: May 30, 2015 PUB DATE: March 5, 2015

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch China stocks tumble after growth downgraded NEW YORK (MarketWatch) -- U.S. stocks were trading near record levels Thursday ahead of Friday's closely watched jobs report. In the spotlight today, was the announcement that ...

AbbVie to Buy Pharmacyclics in $21 Billion Deal -- 4th Update

TODAY: May 30, 2015 PUB DATE: March 5, 2015

By Jonathan D. Rockoff and Peter Loftus AbbVie Inc. said late Wednesday it will buy cancer biotech Pharmacyclics Inc. in a $21 billion deal that returns the North Chicago, Ill., drug company to deal-making after backing away from a big ...

Russian Inflation Accelerates

TODAY: May 30, 2015 PUB DATE: March 5, 2015

By Andrey Ostroukh MOSCOW--Russia's inflation rate has accelerated to levels last seen in 2002, leaving the central bank with a policy conundrum as the economy slides into a recession. Hit by a rapid drop in the price of oil, Russia's ...

Brazil Car Sales Plummeted in February on Weak Consumer Confidence--Update

TODAY: May 30, 2015 PUB DATE: March 5, 2015

By Rogerio Jelmayer SAO PAULO--Brazilian auto sales plummeted in February as consumer confidence faded and a key tax incentive expired, increasing the chances of another decline in full-year sales. Vehicles sales including cars, light vehicles, trucks and buses totaled 185,944 ...

Banco BPI Tells Holders to Reject Caixabank Offer --Update

TODAY: May 30, 2015 PUB DATE: March 5, 2015

By Patricia Kowsmann LISBON-- Banco BPI SA's board on Thursday shot down a EUR1.09 billion ($1.21 billion) takeover offer from its largest shareholder, Spain's Caixabank SA, saying it undervalues the company. Caixabank offered in February to buy the 55.9% of ...

Citi Exceeds Fed Minimum Capital Level Under Stress Scenario

TODAY: May 30, 2015 PUB DATE: March 5, 2015

By Christina Rexrode Citigroup Inc. has the capital to keep lending in a severe economic downturn, the Federal Reserve said Thursday in the first stage of its annual stress tests. At the low point of a hypothetical recession, Citigroup's Tier ...

Kenya Set for Faster Growth, Says World Bank

TODAY: May 30, 2015 PUB DATE: March 5, 2015

Low oil prices and loose monetary policy in the U.S. have bolstered Kenya's economy, East Africa's largest, helping it grow faster than expected last year and setting it on course for sustained growth in the years ahead, the World Bank said in a report. Kenya's economy grew by 5.4% in 2014, the bank said. The next few years are set to look better yet, with growth rates seen at 6% for 2015, 6.6% for 2016 and 7% for 2017.

Brazil Central Bank Raises Benchmark Selic Rate to 12.75% -- Update

TODAY: May 30, 2015 PUB DATE: March 5, 2015

By Jeffrey T. Lewis And Paulo Trevisani SÃO PAULO--Brazil's central bank raised its benchmark interest rate to 12.75% Wednesday, the highest level since 2009, as it struggles to get price increases under control amid sluggish economic growth and deepening political ...

Australia Report Backs Case for Tough Budget Measures

TODAY: May 30, 2015 PUB DATE: March 5, 2015

By Rob Taylor CANBERRA, Australia--Australia's conservative government has begun a fight to repair its tarnished popularity and win public backing for unpopular budget reform, warning voters on Thursday that without change the slowing economy was no longer able to support ...

Australian Retail Sales Rise In January

TODAY: May 30, 2015 PUB DATE: March 5, 2015

By James Glynn SYDNEY--Australian retail sales rose in January from December, bolstering signs that consumer spending is slowing starting to lift in response to lower interest rates. Retail sales rose 0.4% in January from a month earlier, the Australian Bureau ...

China to Launch Trial Shenzhen-Hong Kong Stock Link

TODAY: May 30, 2015 PUB DATE: March 5, 2015

BEIJING--China will launch a trial program to connect the stock exchanges in Shenzhen and Hong Kong at "an appropriate time," Premier Li Keqiang said Thursday in a report delivered to parliament. The plan comes after the country launched a similar ...

China Lowers Growth Target to About 7%--Update

TODAY: May 30, 2015 PUB DATE: March 5, 2015

By Mark Magnier BEIJING--China lowered its economic growth forecast to about 7% for 2015 at the opening of the country's biggest political event of the year, ushering in what leaders have dubbed a "new normal" of slower growth in the ...

Investors Hang on Details of ECB Stimulus -- Update

TODAY: May 30, 2015 PUB DATE: March 5, 2015

By Josie Cox The European Central Bank's decision Thursday to hold interest rates at record lows left markets steady, with investors focused on the details of a massive bond-buying program that will likely be provided at a coming news conference. ...

Jobless Claims Rise to Highest Level Since May -- Update

TODAY: May 30, 2015 PUB DATE: March 5, 2015

By Kate Davidson WASHINGTON--The number of Americans seeking first-time unemployment benefits rose last week to the highest level since May. Initial jobless claims increased by 7,000 to a seasonally adjusted 320,000 in the week ended Feb. 28, the Labor Department ...

China Bad Loan Growth to Moderate in 2015

TODAY: May 30, 2015 PUB DATE: March 5, 2015

BEIJING--The growth of bad assets in the nation's banking system is expected to slow this year after a rapid build-up in the past two years, said a central bank official on the sidelines of the nation's legislative meeting Thursday. Zhou ...