Hungary to Drop Internet Tax Plan for Now

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

BUDAPEST--Hungary's government for now will drop its plan to tax Internet use from Jan. 1, as the motion lacks public support as well as industry backing, Prime Minister Viktor Orban said on Friday. The government, however, hasn't given up the ...

Russia Raises Interest Rates

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

MOSCOW--The Bank of Russia on Friday raised interest rates by 1.5 percentage points, the largest rise since March, highlighting the deepening economic cost of sanctions and falling oil prices. The central bank, which raised rates for the fourth time so ...

Novo Nordisk Spends DKK750 Million on New Diabetes Resarch Lab

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Dominic Chopping Denmark's Novo Nordisk A/S, the world's largest maker of insulin, said Friday it is investing DKK750 million in new laboratories for diabetes research in Denmark. Construction has started, and the new laboratory facility is expected to be ...

Ruble Falls Despite Rate Rise -- Update

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Chiara Albanese and Tommy Stubbington Not even a larger-than-expected rise in interest rates by Russia's central bank could provide respite for the battered ruble on Friday, with the currency falling further against the dollar. The Bank of Russia surprised ...

Dollar General Extends Family Dollar Tender Offer

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

Dollar General Corp. (DG) on Friday said it is extending its $80-a-share tender offer to buy Family Dollar Stores Inc. (FDO) by two months until Dec. 31, as the offer remained well undersubscribed. The offer, which had been extended once ...

MARKET SNAPSHOT: U.S. Stocks: S&P 500, Dow Hit Record Levels

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Barbara Kollmeyer and Anora Mahmudova, MarketWatch NEW YORK (MarketWatch) -- The U.S. stock market surged in morning trade, sending the S&P; 500 and Dow Jones Industrial Average into record territory, after a surprise fresh stimulus from the Bank of ...

Chicago PMI Climbs to One-Year High

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

An economic snapshot of manufacturing heavy U.S. Midwest points to stronger growth, powered by new orders. The Chicago Business Barometer, formally known as the Chicago PMI, opened up 2014's final quarter by climbing to a one-year high of 66.2 in ...

Bank of Mexico Keeps Overnight Rate Unchanged At 3.0%

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Anthony Harrup MEXICO CITY--The Bank of Mexico left interest rates unchanged Friday, saying it still expects inflation to ease going into next year as the economy continues its moderate recovery. The central bank, led by Agustin Carstens, left the ...

Byron Wien: Slow Growth Good for Stock Market -- Barron's

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Byron Wien All through the summer, the U.S. equity market made new highs in spite of increasing turbulence around the world. The economy was continuing to grow modestly, earnings were coming through and the geopolitical problems were a long ...

MARKET SNAPSHOT: S&P 500, Dow Close At Record Levels

TODAY: Oct. 31, 2014 PUB DATE: Oct. 31, 2014

By Barbara Kollmeyer and Anora Mahmudova, MarketWatch NEW YORK (MarketWatch) -- The U.S. stock market rallied on Friday, sending the S&P; 500 and Dow Jones Industrial Average into record territory, after a surprise stimulus plan from the Bank of Japan ...

Brazil Central Bank Raises Selic Rate to 11.25%

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

BRASÍLIA--Citing a less favorable outlook for inflation, Brazil's central bank on Wednesday unexpectedly raised its benchmark interest rate amid slow economic growth and concern about the country's weakening currency. The bank increased the Selic short-term lending rate to 11.25% from ...

Dollar Rises on Upbeat Fed

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

The U.S. dollar rose in early European trade Thursday, after the Federal Reserve met expectations by calling an end to quantitative easing, but caught the market off guard as it adopted a more optimistic tone on the economy, leading some ...

France's Sapin Says Not Ready to Deliver Mistral Warship to Russia

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By Inti Landauro PARIS--French Finance Minister Michel Sapin said Thursday that "as of today" conditions hadn't been met for France to deliver the first Mistral warship bought by Russia. "Clearly, and this is France's position since the beginning, conditions today ...

Eurozone Confidence Revives, Points to Growth -- 3rd Update

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By Paul Hannon Businesses and consumers across the 18 countries that share the euro became slightly more upbeat about their prospects during October, a fresh sign that the currency area's economy isn't in imminent danger of a slide back into ...

MARKET SNAPSHOT: U.S. Stocks: Futures Recover Losses After GDP, Claims

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By Barbara Kollmeyer, MarketWatch NEW YORK MarketWatch) -- U.S. stock futures trimmed early losses on Thursday, as investors digested robust economic reports a day after the Federal Reserve officially announced the conclusion of its bond-purchasing initiative. Confirming the Fed's optimistic ...

U.S. Jobless Claims Up By 3,000 Last Week, Remain Near Historical Lows

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By Eric Morath and Nick Timiraos WASHINGTON--The number of new claims for jobless benefits rose last week but remained at historically low levels, supporting other signals of an improving labor market. Initial claims for unemployment benefits, a proxy for layoffs, ...

South Africa Unemployment Rate Dips in 3Q, But Remains Elevated

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By Patrick McGroarty PRETORIA--South Africa's unemployment rate dipped in the third quarter, but remained at over a quarter of the workforce, as chronically low growth undid efforts to create jobs in the continent's most developed economy. South Africa's statistics agency ...