Tarullo Says Regulators Looking at Banks' Commodities Activities

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

WASHINGTON--Bank regulators are expanding their examination of bank activities in commodities markets, a senior Federal Reserve official plans to tell Congress Friday. Fed governor Daniel Tarullo, who will testify before the Senate Permanent Subcommittee on Investigations, will provide details of ...

Global Markets Rally -- 7th Update

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

By Tommy Stubbington Heavyweight central banks gave a strong message of support to markets Friday, prompting a rally around the world. Stocks and bonds in Europe surged after European Central Bank President Mario Draghi underlined his message that the central ...

Mexican Cuts 2014 Economic Growth Forecast

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

MEXICO CITY--The Mexican government lowered its estimate for economic growth for this year, forecasting gross domestic product to expand between 2.1% and 2.6%, compared with its previous estimate of 2.7%, Deputy Finance Minister Fernando Aportela said on Friday. Mr. Aportela ...

Aviva Plans to Buy Friends Life Group -- 2nd Update

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

By David Wighton Aviva PLC announced plans for a GBP5.6 billion ($8.8 billion) takeover of Friends Life Group in an all-share deal that it said would create the largest insurance, savings and asset-management company in the U.K. Aviva said the ...

Oil Prices Higher on China's Surprise Rate Cut

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

By Timothy Puko And Cassie Werber NEW YORK--Oil prices held on to small gains Friday, after an early rally was sparked by China's decision to cut interest rates, fanning hopes for increasing demand from the world's second-largest crude consumer. The ...

Global Markets Rally -- 5th Update

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

By Tommy Stubbington Heavyweight central banks gave a strong message of support to markets Friday, prompting a rally around the world. Stocks and bonds in Europe surged after European Central Bank President Mario Draghi underlined his message that the central ...

European Stocks Boosted by Draghi Comments on Stimulus -- Update

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

By Tommy Stubbington European Central Bank President Mario Draghi gave European markets a boost Friday by underlining his message that the central bank is ready to expand its stimulus program. Stocks and bonds surged, while the euro weakened, after Mr. ...

Oil Futures Edge Higher, Brent Pushes Toward $80 a Barrel

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

By Eric Yep Crude-oil futures extended overnight gains in Asian trade Friday on growing confidence that the Organization of the Petroleum Exporting Countries will take action to cut some supply at next week's meeting. On the New York Mercantile Exchange, ...

European Stocks Rally as Oil Prices Bounce

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

European shares rose Friday, helped by a rebound in oil prices that lifted energy stocks. The Stoxx Europe 600 index was 0.4% higher in early trade, recovering Thursday's losses which came after data showing a slowdown in business activity in ...

PBOC Says No Change in "Prudent Monetary Policy"

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

BEIJING--China's central bank said Friday its first interest-rate cut in over two years was not a change from what it calls its "prudent monetary policy" and there was no need for more aggressive measures. The People's Bank of China said ...

China PBOC Says No Change in 'Prudent Monetary Policy'

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

By William Kazer BEIJING--China's central bank said Friday its first interest-rate cut in over two years was not a change from what it calls its "prudent monetary policy" and there was no need for more aggressive measures. The People's Bank ...

Rousseff Seen Close to Naming New Finance Minister

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

BRASÍLIA--Brazilian President Dilma Rousseff may be close to naming a new finance minister, and an official close to the president indicated to The Wall Street Journal that three names are under serious consideration: former treasury chief Joaquim Levy; Nelson Barbosa, ...

Brazil's Rousseff Seen Close to Naming New Finance Minister

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

By Paulo Trevisani And Rogerio Jelmayer BRASÍLIA--Brazilian President Dilma Rousseff may be close to naming a new finance minister, and an official close to the president indicated to The Wall Street Journal that three names are under serious consideration: former ...

Global Markets Rally on China, Draghi

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

By Tommy Stubbington, Corrie Driebusch and Saumya Vaishampayan Global financial markets rallied Friday after China's central bank cut interest rates and the European Central Bank's president reiterated that the institution was ready to expand its stimulus program. The moves underscored ...

Global Markets Rally -- 6th Update

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

By Tommy Stubbington Heavyweight central banks gave a strong message of support to markets Friday, prompting a rally around the world. Stocks and bonds in Europe surged after European Central Bank President Mario Draghi underlined his message that the central ...

Oil Prices Jump on China's Surprise Rate Cuts

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

By Tim Puko And Cassie Werber NEW YORK--Oil prices jumped Friday after China surprised the market by cutting interest rates, fanning hopes of increased demand from the world's second-largest crude consumer. The news came at a key time for oil. ...

MARKET SNAPSHOT: U.S. Stocks Struggle To Retain Record Levels

TODAY: Nov. 24, 2014 PUB DATE: Nov. 21, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch China's central bank cuts interest rates NEW YORK (MarketWatch)--U.S. stocks pared most of their early morning gains on Friday as the rally triggered by a fresh dose of liquidity from China's central bank ...