Russian Ruble Firms in Early Trade

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

MOSCOW--The ruble firmed across the board in early trade on Monday as oil prices stabilized before major month-end tax payments in Russia. The ruble gained 4% to 56.2 versus the dollar in the first minutes of trade on the Moscow ...

South Korea Trims 2015 Growth Forecast

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

SEOUL--South Korea's government trimmed its growth forecast for next year but said domestic demand--long a weak spot for the country--would contribute more to economic activity. The 2015 gross domestic product growth forecast was lowered to 3.8% from a July projection ...

U.S. Existing Single-Family Home Sales-Dec 22

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

Existing home sales data are seasonally adjusted annual rates (in millions). Average and median sales prices are not seasonally adjusted in thousand dollars. Source: National Association of Realtors. Single Total Month Median Avg Family Month Median Avg Month Sales % ...

U.S. Existing-Home Sales Tumble in November

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

WASHINGTON-Sales of previously owned homes tumbled to a six-month low in November, a sign the housing market continues to underperform despite a burst of hiring and stronger economic growth. Existing-home sales declined 6.1% in November from a month earlier to ...

Canada's Budget Deficit Rises on Tax-Relief Measures

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

By Paul Vieira OTTAWA--Canada in October recorded its biggest monthly budget deficit since last March after taking a 1.6 billion Canadian dollar ($1.38 billion) charge to cover the year-to-date costs of new tax-relief measures. Canada's federal government posted a budget ...

Oracle Buys Ad-Analytics Firm Datalogix

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

By Michael Calia Oracle Corp. said Monday that it bought advertising-analytics company Datalogix Inc. in its latest bid to beef up its cloud offerings. Terms of the deal weren't disclosed. The move comes days after Oracle posted quarterly profit and ...

Chicago National Activity Index Points to Expansion

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

Economic growth is expanding in the manufacturing-heavy U.S. Midwest, led by a surge in production, according to a new view of the economic landscape. The Chicago Fed's National Activity Index climbed to +0.73 in November from +0.31 in the previous ...

Oil Prices Retreat on Signs OPEC Will Stay Its Course

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

By Timothy Puko and Georgi Kantchev Crude-oil prices slid Monday, the first day of trading after several OPEC members defended their refusal to take drastic action to prop up prices. Oil officials from several leading members of the Organization of ...

New Zealand Goods Trade Deficit Narrows as Imports Fall

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

By Lucy Craymer WELLINGTON, New Zealand--New Zealand's goods trade deficit narrowed in November, coming in better than expected as imports fell more significantly than thought. The country recorded a 213 million New Zealand dollar trade deficit for November and a ...

Two Fed Dissenters Air Their Opposing Views

TODAY: Dec. 22, 2014 PUB DATE: Dec. 20, 2014

By Michael S. Derby Federal Reserve officials sparred Friday over whether the central bank is likely to move too soon or wait too long to raise interest rates. The presidents of the Minneapolis and Philadelphia regional Fed banks both dissented ...

U.K. Police Arrest Man in Forex Market Manipulation Probe -- Update

TODAY: Dec. 22, 2014 PUB DATE: Dec. 20, 2014

By Jenny Strasburg British police arrested a man Friday morning at his suburban home east of London in connection with the government's probe into rigging of the foreign-exchange markets, according to a person familiar with the matter. It was the ...

Deutsche Telekom in Talks to Sell T-Online to Springer - Report

TODAY: Dec. 22, 2014 PUB DATE: Dec. 20, 2014

FRANKFURT--Germany's Deutsche Telekom AG (DTE.XE) is in initial talks to sell Internet service provider T-Online to media company Axel Springer SE (SPR.XE), German magazine Wirtschaftswoche reports Saturday, citing company sources. Executives of both companies have met to discuss such a ...

Top Schools Heat Up Beijing Property Market

TODAY: Dec. 22, 2014 PUB DATE: Dec. 20, 2014

By Esther Fung BEIJING--China's housing market may be in the doldrums, but prices of homes in Beijing's coveted school districts are red hot. And parents go to great lengths to get one. A medical-equipment salesman was putting up "wanted" posters ...

U.S. Levels New Sanctions on Crimea, Putin Supporters

TODAY: Dec. 22, 2014 PUB DATE: Dec. 20, 2014

By William Mauldin The U.S. on Friday expanded its Russia sanctions to include a motorcycle group favored by Russian President Vladimir Putin as well as individuals and entities linked to the pro-Russian separatist movement in Ukraine. The Treasury Department added ...

U.S., Mexico Strike Deal to Scrap Sugar Duties

TODAY: Dec. 22, 2014 PUB DATE: Dec. 20, 2014

By Leslie Josephs NEW YORK--The U.S. and Mexico have struck a deal to scrap tariffs on imports of Mexican sugar, ending a trade dispute that rattled candy-makers over higher costs for their key ingredient. The U.S. will suspend duties on ...

New Zealand ANZ Dec Business Confidence Still Elevated Despite Slip

TODAY: Dec. 22, 2014 PUB DATE: Dec. 19, 2014

By Rebecca Howard WELLINGTON, New Zealand--New Zealand business confidence remains elevated despite a slip in December, according to ANZ Bank's business outlook survey. A net 30.4% of respondents in the monthly survey expected business conditions to improve over the next ...