Swiss, Chinese Central Banks Enter Currency Swap Agreement

TODAY: July 22, 2014 PUB DATE: July 21, 2014

By Neil MacLucas and Richard Silk ZURICH--The Swiss National Bank and the People's Bank of China reached a currency swap agreement on Monday, allowing the two central banks to buy and sell their currencies up to a limit of 150 ...

Universal Robina Buys New Zealand Biscuit Company

TODAY: July 22, 2014 PUB DATE: July 21, 2014

SYDNEY-- Universal Robina Corp. of the Philippines bought New Zealand snack food company Griffin's Foods for NZ$700 million (US$609 million) from funds managed by Pacific Equity Partners, the companies said Monday. The Australian private-equity firm had in 2006 paid NZ$385 ...

Oil Prices Pause for Breath

TODAY: July 22, 2014 PUB DATE: July 21, 2014

By Cassie Werber Oil futures showed little movement Monday, after several weeks of contradictory factors left the market uncertain over where the next driver would come from. Brent crude for September delivery fell 0.1% to $107.15 a barrel on ICE ...

Chicago Fed National Activity Index Gears Down a Bit

TODAY: July 22, 2014 PUB DATE: July 21, 2014

By Paul Rekoff A snapshot of the nation's economic activity slipped a bit last month, reined in by slower production growth. The National Activity Index, from the Chicago Federal Reserve Bank, edged down to +0.12 in June from May's +0.16. ...

EU Set to Approve New Sanctions Against Russia

TODAY: July 22, 2014 PUB DATE: July 21, 2014

European Union foreign ministers on Tuesday are expected to approve sanctions that will target Russian oligarchs in response to the suspected downing of a Malaysia Airlines jetliner by Moscow-backed rebels in eastern Ukraine, diplomats said. But the ministers, meeting in ...

Markets Slip as Russia, Middle East Tensions Flare -- 3rd Update

TODAY: July 22, 2014 PUB DATE: July 21, 2014

By Josie Cox European markets slipped Monday as tensions between Russia and the West intensified and the Middle East digested its deadliest day of fighting between Israelis and Palestinians since the most recent conflict began. The Stoxx Europe 600 closed ...

India to Decide Whether to Block WTO Trade Deal

TODAY: July 22, 2014 PUB DATE: July 21, 2014

NEW DELHI--India's prime minister and his cabinet are expected to decide on Wednesday whether to effectively block a global trade deal, a senior Indian trade official said. India has said it would not ratify a World Trade Organization trade facilitation ...

U.K.'s SFO Opens Criminal Probe Into Foreign Exchange Market -- Update

TODAY: July 22, 2014 PUB DATE: July 21, 2014

By Chiara Albanese LONDON--The U.K.'s Serious Fraud Office on Monday joined a growing list of global authorities investigating whether foreign exchange markets have been subject to manipulation. The U.K.'s main antifraud authority said in a statement that Director David Green ...

European Leaders Threaten Harsher Sanctions Against Russia

TODAY: July 22, 2014 PUB DATE: July 20, 2014

By Anton Troianovski and Naftali Bendavid European leaders threatened harsher sanctions against Russia on Sunday in the wake of the downing of Malaysia Airlines Flight MH17, departing from initially muted tones in reacting to the disaster but leaving uncertainty over ...

European Leaders Threaten Harsher Sanctions Against Russia -- Update

TODAY: July 22, 2014 PUB DATE: July 20, 2014

By Anton Troianovski and Naftali Bendavid European leaders threatened harsher sanctions against Russia on Sunday in the wake of the downing of Malaysia Airlines Flight MH17, departing from initially muted tones in reacting to the disaster but leaving uncertainty over ...

Disaster Clouds Putin's Strategy for Ukraine

TODAY: July 22, 2014 PUB DATE: July 19, 2014

By James Marson and Alan Cullison MOSCOW--The downing of the Malaysia Airlines flight is a major setback to Russian President Vladimir Putin's carefully balanced Ukraine strategy of making efforts to appear publicly hands-off amid allegations that Russia was providing armor ...

India Throws WTO Free-Trade Agreement in Doubt

TODAY: July 22, 2014 PUB DATE: July 19, 2014

By James Glynn SYDNEY--India could yet scuttle a landmark trade deal struck in Bali, Indonesia, last year, despite widespread lobbying by other countries for it to support the plan at a meeting of the G-20 Trade Ministers forum in Sydney ...

Disaster Clouds Putin's Strategy for Ukraine

TODAY: July 22, 2014 PUB DATE: July 19, 2014

By James Marson and Alan Cullison MOSCOW--The downing of the Malaysia Airlines flight is a major setback to Russian President Vladimir Putin's carefully balanced Ukraine strategy of making efforts to appear publicly hands-off amid allegations that Russia was providing armor ...

Markets Unnerved by Plane Crash in Ukraine, Israeli Incursion in Gaza

TODAY: July 22, 2014 PUB DATE: July 18, 2014

By Josie Cox and Andrey Ostroukh A run-up in geopolitical stress surrounding Russia and Israel has jolted markets, but investors' search for safe assets is proving muted. Russian markets extended the week's losses Friday after Thursday's civilian passenger plane crash ...

Euro Zone's Current-Account Surplus Narrowed

TODAY: July 22, 2014 PUB DATE: July 18, 2014

FRANKFURT--The euro zone's current-account surplus narrowed in May, according to data published Friday by the European Central Bank. The current-account balance, a broad measure of an economy's international financial position, decreased in adjusted terms to a surplus of 19.5 billion ...

Deutsche Bank, Suspended Traders to Seek Accord

TODAY: July 22, 2014 PUB DATE: July 18, 2014

By Eyk Henning FRANKFURT-- Deutsche Bank AG and four of its former traders agreed at a court hearing Friday to pursue an amicable resolution to controversy over their suspension early last year. The move came after Judge Astrid Nungesser warned ...

Crude Futures Ease Back as Geopolitical Fears Fade

TODAY: July 22, 2014 PUB DATE: July 18, 2014

By Daniel Huang Oil futures inched lower Friday as markets calmed a bit following Thursday's tumultuous news out of Ukraine and Israel. Light sweet crude futures for August delivery fell 28 cents, or 0.3%, to $102.91 a barrel on the ...

Japanese Yen Falls Against Dollar, Euro

TODAY: July 22, 2014 PUB DATE: July 18, 2014

By James Ramage The yen fell against the dollar and euro Friday after investors shifted away from haven assets, such as the Japanese currency, gold and U.S. Treasurys. The dollar climbed 0.2% to ¥101.38, while the euro rose 0.2%, to ...

Early July Reuters/Mich Sentiment Falls to 81.3, Below Expectations

TODAY: July 22, 2014 PUB DATE: July 18, 2014

By Kathleen Madigan U.S. consumers began this month feeling more worried about the economy's future, according to one survey of households released Friday. The Thomson-Reuters/University of Michigan preliminary July sentiment index declined to 81.3 from a final-June reading of 82.5. ...