Australia Retail Sales Weaker Than Expected

TODAY: July 4, 2015 PUB DATE: July 3, 2015

By James Glynn SYDNEY--Australian retail sales rose by 0.3% in May from April, the Australian Bureau of Statistics said Friday, weaker than the 0.6% increase economists had been expecting. The rise was confined mainly to New South Wales, with retail ...

Jobs Market Continues Its Fitful Recovery--2nd Update

TODAY: July 4, 2015 PUB DATE: July 3, 2015

By Eric Morath The U.S. job market sits at a crossroads six years into a fitful economic expansion: Hiring is strong, but weak wage growth has failed to pull millions of would-be workers off the sidelines while prompting others to ...

Aetna to Buy Humana -- 4th Update

TODAY: July 4, 2015 PUB DATE: July 3, 2015

By Liz Hoffman, Dana Mattioli and Anna Wilde Mathews Aetna Inc. on Friday said it would buy Humana Inc. for $37 billion, following weeks of frenzied merger talks among the largest health insurers. In a statement, Aetna said it would ...

Iraq, Kurdistan Oil Deal Close to Collapse

TODAY: July 4, 2015 PUB DATE: July 3, 2015

BAGHDAD?An oil-sales deal between Iraq and the semiautonomous Kurdistan Regional Government is close to collapse about six months after it was signed, undermining the country's unity as it struggles to fight Islamic State and contain an escalating financial crisis. Months ...

Safe Levels of Government Debt Are Lower in Eurozone, Says OECD

TODAY: July 4, 2015 PUB DATE: July 3, 2015

By Paul Hannon Safe levels of government debt for members of the eurozone are well below those for other developed economies such as the U.S. and the U.K., and closer to those of developing economies, the Organization for Economic Cooperation ...

Eurozone Gives Greece Breathing Room on Loan Repayment

TODAY: July 4, 2015 PUB DATE: July 3, 2015

By Gabriele Steinhauser BRUSSELS--Eurozone governments on Friday decided not to ask Greece for an immediate repayment of rescue loans from the currency union's bailout fund in response to Athens' default on its loan from the International Monetary Fund. The European ...

Russia Services Sector Activity Contracts in June, Survey Shows

TODAY: July 4, 2015 PUB DATE: July 3, 2015

By Andrey Ostroukh MOSCOW--Russia's services sector activity contracted for the first time in three months in June, reflecting spare capacity amid weak consumer demand, a Markit survey of purchasing managers showed Friday. The Purchasing Managers' Index for the services sector ...

IMF Staff Approve $1.7 Billion Loan Disbursal for Ukraine

TODAY: July 4, 2015 PUB DATE: July 3, 2015

WASHINGTON?Ukraine won preliminary approval for a $1.7 billion emergency loan payout from the International Monetary Fund Thursday, based on the condition that Kiev implement a few more key economic policies and cut its debt burden. The staff-level agreement will still ...

Schaeuble Dashes Hopes of Quick Funds for Greece Post-referendum -Report

TODAY: July 4, 2015 PUB DATE: July 3, 2015

By Natascha Divac FRANKFURT--German finance minister Wolfgang Schaeuble put a damper on hopes that Greece could get fresh funds quickly after the planned Greek referendum Sunday, German newspaper Bild reports ahead of publication Saturday, citing the politician. "The proposal the ...

Greeks Hold Rival 'Yes' and 'No' Rallies Before Crucial Vote

TODAY: July 4, 2015 PUB DATE: July 3, 2015

By Nektaria Stamouli and Viktoria Dendrinou ATHENS--Greece's government and its opponents battled for the nation's support in final campaign rallies ahead of a referendum on Sunday that could change the fate of the country and of Europe's common currency. Opinion ...

Greece's Syriza Spars Over Bailout Strategy

TODAY: July 4, 2015 PUB DATE: July 2, 2015

By Marcus Walker and Nektaria Stamouli ATHENS--Greek leader Alexis Tsipras pursued both compromise and confrontation with his country's creditors on Wednesday while his government's rival factions fought over how, and whether, to keep Greece in the euro. The embattled prime ...

Puerto Rico's Wages Are Linked to Its Job Woes

TODAY: July 4, 2015 PUB DATE: July 2, 2015

By Nick Timiraos in Washington and Ana Campoy in San Juan, Puerto Rico Puerto Rico's long-simmering debt crisis owes much to an economy that has been shedding jobs for years. And blame for that, economists say, stems in part from ...

Puerto Rico's Wages Are No Benefit to Its Economy

TODAY: July 4, 2015 PUB DATE: July 2, 2015

By Nick Timiraos in Washington and Ana Campoy in San Juan, Puerto Rico Puerto Rico's long-simmering debt crisis owes much to an economy that has been shedding jobs for years. And blame for that, economists say, stems in part from ...

Ukraine Looks to Privatization to Counter Budget Woes

TODAY: July 4, 2015 PUB DATE: July 2, 2015

By Laura Mills SHOVKOVE, Ukraine--In his 50 years at the state farm here, Volodymyr Polutskiy says his work has dwindled from producing silk for Red Army parachutes to eking out a living chopping wood and growing wheat. Now, Ukraine's government ...

Moody's Further Downgrades Puerto Rico's Bonds

TODAY: July 4, 2015 PUB DATE: July 2, 2015

By Maria Armental Moody's Investors Service on Wednesday cut Puerto Rico's ratings one notch further into junk territory, citing the commonwealth's declaration that it cannot pay its debt. Gov. Alejandro García Padilla said in a speech Monday that Puerto Rico's ...

Australia Trade Deficit Narrows

TODAY: July 4, 2015 PUB DATE: July 2, 2015

By Ross Kelly SYDNEY--Australia's trade deficit narrowed in May as capital-goods imports fell while the value of raw-material exports, including iron ore, increased. The nation posted a seasonally adjusted trade deficit of A$2.75 billion, compared with a record A$4.14 billion ...

Molycorp Lines Up New Bankruptcy Loan from Oaktree

TODAY: July 4, 2015 PUB DATE: July 2, 2015

In an about-face, Molycorp Inc. has chosen bankruptcy financing from top-ranking lender Oaktree Capital Group LLC over a competing offer from secured bondholders, setting off a new round of court fights. Oaktree's proposed loan is linked to the proposed sale ...

European Stocks Up Slightly

TODAY: July 4, 2015 PUB DATE: July 2, 2015

European stocks edged higher Thursday, with investors still nervously watching Greece's negotiations with its creditors. The Stoxx Europe 600 was up 0.1% in early trade. The index rose 1.5% on Wednesday after Greek Prime Minister Alexis Tsipras pitched a compromise ...