BOE Fixes Payment System Problems - 4th Update

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

By Max Colchester A technical problem shut down a key Bank of England payments system, halting transfers of sterling among banks for several hours on Monday. The bank's Real-Time Gross Settlement system went off line following what the central bank ...

Fed to End Bond Buys This Month as Planned, Says Rosengren

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

By Pedro Nicolaci da Costa BOSTON--The Federal Reserve will likely conclude its bond-buying program this month as planned, despite recent financial market volatility and speculation to the contrary, Boston Fed President Eric Rosengren said in an interview Saturday with The ...

Oil Futures Holding Up, Brent Trades Above $86/bbl

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

By Eric Yep Crude-oil futures were in positive territory in Asian trade Monday after being decimated last week, but traders and investors remain unsure of whether prices can hold. On the New York Mercantile Exchange, light, sweet crude futures for ...

U.S. Corporate Economists See Hit From Eurozone Troubles

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

By Jonathan House Faltering growth, double-digit unemployment and a looming threat of deflation in Europe are causing American businesses to worry again about the eurozone's economic woes. According to a survey of corporate economists released Monday by the National Association ...

France Puts Pressure on Germany for Stimulus Plan

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

BERLIN--France urged Germany on Monday to put in place a three-year, EUR50 billion ($63.8 billion) stimulus program, deepening the confrontation over economic policy between Paris and Berlin that is unsettling the eurozone. The call from French Finance Minister Michael Sapin ...

MARKET SNAPSHOT: U.S. Stocks: Futures Fall As IBM Slides

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- U.S. stock futures fell into the red on Monday, as Dow industrials heavyweight IBM fell sharply in premarket trading on downbeat results. European stocks fell after major software maker SAP cut its earnings ...

Crude Resumes Slide Over OPEC Production Concerns

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

By Christian Berthelsen Oil futures resumed their slide Monday amid continued concerns that the Organization of the Petroleum Exporting Countries will maintain high production levels despite growing global crude supplies. Light sweet crude futures for front-month November delivery were down ...

EU Steps Up Sanctions Against Assad's Regime

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

LUXEMBOURG--The European Union stepped-up its sanctions against Syrian President Bashar al-Assad's regime on Monday as the bloc's foreign ministers discussed the latest in the international campaign to defeat Islamic State, the Sunni extremist group that is also fighting Syrian authorities. ...

France Puts Pressure on Germany for Stimulus Plan -- Update

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

By Anton Troianovski And Marcus Walker BERLIN--France and Germany struggled to show unity Monday in the face of growing fears in the eurozone that the two largest members can't agree on how to address mounting economic malaise. But French Finance ...

Fed's Rosengren Says Bond Buys to End as Planned

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

BOSTON--The Federal Reserve will likely conclude its bond-buying program this month as planned, despite recent financial market volatility and speculation to the contrary, Boston Fed President Eric Rosengren said in an interview Saturday with The Wall Street Journal. "The bond ...

Energy Development Secures $315 Million Financing For Wind Project

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

By Cris Larano MANILA--Energy Development Corp. (EDC.PH), the biggest producer of electricity from geothermal power plants in the Philippines, said Monday it had signed a 15-year, $315 million loan to finance its construction of a 150-megawatt wind farm in Burgos, ...

Lower Energy Costs Put Downward Pressure on German Producer Prices

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

FRANKFURT--Germany's producer prices index continued its fall on an annual basis in September, as energy costs kept it under downward pressure, while it remained steady in on the month earlier, official data showed Monday. Producer prices were unchanged on the ...

Canada August Wholesale Trade up on Record Machinery Sales

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

By Nirmala Menon OTTAWA--Canadian monthly wholesale sales rose unexpectedly in August, spurred by record sales of machinery and equipment. Overall sales were up 0.2% to 53.07 billion Canadian dollars ($47.06 billion), following a revised 0.2% drop in July, Statistics Canada ...

Eurozone Current Account Surplus Narrows

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

FRANKFURT--The eurozone's current account surplus narrowed in August from an upwardly revised surplus in July, as the services" surplus shrank on the month, data from the European Central Bank showed on Monday. The current account balance, a broad measure of ...

Italian Econ Min Urges Patience on Reform Measures

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

ROME--Italy's Economy Minister Pier Carlo Padoan rebuffed criticism that the country is moving too slowly in liberalizing its economy, stressing that a mix of economic overhauls and budget measures recently unveiled by Rome could help boost growth by 2015. Mr. ...

WTO Finds U.S. Meat Labeling Violates Rules

TODAY: Oct. 21, 2014 PUB DATE: Oct. 20, 2014

OTTAWA--The World Trade Organization found against the U.S. Monday in an ongoing dispute over meat-labeling rules that Canada and Mexico say discriminates against livestock exports from their countries. The U.S. Department of Agriculture amended its so-called country-of-origin meat-labeling rule after ...