Eurozone Businesses, Households More Upbeat

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Paul Hannon Businesses and households across the eurozone became slightly more upbeat in August, an indication that the slowdown in economic growth during the second quarter is unlikely to turn into a more severe downturn. The European Commission's monthly ...

Mylan Holders Approve Perrigo Purchase

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

Mylan N.V. said Friday that its shareholders have approved its proposed $35.6 billion takeover of Perrigo Company PLC and it will launch a formal offer soon. A representative from Perrigo could not immediately be reached for comment. The proposed deal?which ...

Brazil Sinks into Recession on Second Quarter Output Contraction

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

RIO DE JANEIRO?Brazil's economy sank into deep recession in the second quarter as falling commodity prices, high inflation and political turmoil combined to decimate consumer and business confidence, sending output well below expectations. Brazil's gross domestic product contracted 1.9% in ...

U.S. Treasury Yields Fall For Second Consecutive Session

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Min Zeng U.S. Treasury bonds strengthened on Friday for a second consecutive session as rising volatility in riskier markets and a contained U.S. inflation indicator boost the appeal of haven assets. Crude oil prices rose Friday after an earlier ...

Americans Step Up Spending--Update

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Josh Mitchell WASHINGTON--Americans continued to step up their spending in July amid a healthy pickup in wages, a sign the economy carried momentum into the third quarter despite turbulence abroad. A measure of household spending that covers everything from ...

PMI Surveys Set To Deliver Comforting News For UK Economy

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Jon Sindreu LONDON--Economists expect key business surveys due next week to show the U.K. economy remained strong in August, offseting worries about how much Britain could be affected by a global economic slowdown. Purchasing Managers Index data for the ...

Consumer Sentiment Reading Slips in August

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

Consumers' outlook grew slightly more pessimistic in late August, likely reflecting worries about big swings in the stock market tied China's unsettled economy. The University of Michigan final August sentiment index declined to 91.9 from a preliminary reading of 92.9. ...

Orange Juice Surges as Tropical Storm Nears Florida

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Christian Berthelsen Orange juice prices gyrated wildly Friday after Florida issued a state of emergency as tropical storm Erika barreled toward the state, posing risks to citrus crops. Futures for frozen, concentrated orange juice are one of the smallest ...

Fed's Kocherlakota Says Open To More Stimulus Measures

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Michael S. Derby Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Friday he'd likely support additional stimulus measures from the U.S. central bank if such options were on the table. Speaking to CNBC television network on the sidelines ...

Correction to Middle Age Trick May Help the ECB Story

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

Researchers Andreas Westermark of Sweden's Riksbank and Roger Svensson of the Research Institute for Industrial Economics have written a paper looking at the technique used in the middle ages known in Latin as "Renovatio Monetae" or "recoinage." "Could a Middle ...

Judge Rules for Thornburg Mortgage in Suit Against RBC Capital -- Update

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Patrick Fitzgerald A federal judge has awarded the court-appointed trustee overseeing the liquidation of Thornburg Mortgage Inc. $45 million in his crisis-era lawsuit against RBC Capital Markets LLC, finding the bank shortchanged the mortgage lender when it seized and ...

Weaker Inflation Data Could Put Pressure On ECB, Analysts Say

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Jon Sindreu LONDON--Inflation in the eurozone likely edged down in August, analysts say, once again underscoring how ultra-low commodity prices are putting pressure on central bankers around the world. According to median forecasts by economists polled by The Wall ...

Canada Posts Budget Surplus in First Quarter

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Paul Vieira OTTAWA--Canada recorded a budget surplus of 5.01 billion Canadian dollars (US$3.79 billion) in the first three months of the current fiscal year, leading Prime Minister Stephen Harper, who is seeking a fourth straight mandate from Canadian voters, ...

Orange Juice Jumps as Storm Approaches Florida -- Update

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Christian Berthelsen Orange juice prices jumped Friday after Florida issued a state of emergency as tropical storm Erika barreled toward the state, posing risks to citrus crops. Futures for frozen, concentrated orange juice are one of the smallest commodity ...

Syriza's Poll Lead Narrows Ahead of Election -- Update

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Stelios Bouras ATHENS--Greece's left-wing Syriza party is leading against its main political rival ahead of next month's elections, according to four polls published on Friday, though the gap with the conservative New Democracy party has closed considerably. The survey ...

U.S. Stocks Cap Volatile Period With Weekly Gains

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Saumya Vaishampayan in New York and Josie Cox in London U.S. stocks ended Friday not with a bang but a whimper. The market steadied, with major indexes notching gains for the week in a deceptively calm end to one ...

As China Celebrates WWII Victory, Businesses Cope With Loss

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Alyssa Abkowitz BEIJING--China plans to stage its biggest military parade in years next week, as 12,000 soldiers and assorted tanks and missiles take to the capital's streets to celebrate the defeat of invading Japanese forces 70 years ago. But ...

Market Rally Starts to Lose Steam -- Update

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Josie Cox A rally spurred by optimism over the U.S. economy and a rebound in commodity prices lost some steam Friday, as European shares and U.S. stock futures slipped. The Stoxx Europe 600 was 0.6% lower by midmorning, while ...