Swiss Central Bank Introduces Negative Interest Rates -- 3rd Update

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

By Neil MacLucas and Andrew Morse ZURICH--Switzerland's central bank Thursday said it would introduce negative interest rates to cool the strength of the Swiss franc, a move that comes as central banks across Europe scramble to protect their economies from ...

Nigeria's Central Bank Restricts Currency Trading

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

Nigeria's Central Bank has unleashed new foreign exchange controls to stop its currency from falling beyond a record low, as tumbling crude prices help spur a wave of strikes crippling Africa's top economy. In an announcement late Wednesday, the bank's ...

Xaviel Niel to Buy Orange Switzerland -- 2nd Update

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

By Ruth Bender PARIS--French telecom tycoon Xavier Niel has agreed to buy Orange Switzerland from Apax Partners in a deal worth EUR2.3 billion ($2.8 billion), as one of France's best-known entrepreneurs continues to expand his telecom assets across Europe. Apax ...

U.S. Consumer Price Index--Historical -2-

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

Jun 05 194.5 0.1 2.5 : 200.6 0.0 2.0 : 0.1 : -0.1 May 05 194.4 -0.2 2.8 : 200.8 0.1 2.2 : -3.2 : 0.2 Apr 05 194.6 0.4 3.5 : 200.9 0.1 2.2 : 2.4 : 0.7 Mar ...

EU Toughens Sanctions on Crimea-Based Companies

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

BRUSSELS--The European Union toughened its trade, investment and business sanctions on Crimea-based companies on Thursday, introducing a range of new measures from a ban on EU cruise ships visiting local ports to a ban on sales of energy and telecommunications ...

Philadelphia Fed December Business Index Slows to 24.5

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

By Kathleen Madigan After reporting November business conditions were the best in more than two decades, Mid-Atlantic manufacturers curbed their enthusiasm about the economic environment this month. The Federal Reserve Bank of Philadelphia said Thursday that its index of general ...

Swiss Central Bank to Introduce Negative Interest Rates -- 4th Update

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

By Neil Maclucas, Brian Blackstone and Andrew Morse ZURICH--Switzerland took surprise action Thursday to cool its currency's strength and bolster the country's exports. The Swiss central bank said it would charge banks for overnight deposits--a move that should help to ...

Lower Oil, Euro to Boost French Economy

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

PARIS--French economic growth will pick up slightly in the first half of 2015, as collapsing oil prices and a weaker euro amplify the impact of President François Hollande's tax cuts, national statistics agency Insee said Thursday. In its first forecasts ...

Obama Signs New Russia Sanctions Into Law

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

WASHINGTON-President Barack Obama on Thursday signed a new package of Russia sanctions into law but won't put them in place, he said in a written statement. "Signing this legislation does not signal a change in the administration's sanctions policy, which ...

U.K. Car Production Slips in November

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

LONDON--U.K. car manufacturing fell 0.2% in November, although the year-to-date total remains stable at 1.42 million units, an industry body said Thursday, leading it to expect full-year production to match last year's level of 1.5 million units, and growth to ...

European Stocks Rally, Swiss Franc Falls

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

Stocks in Europe rallied Thursday, following U.S. markets higher, as investors welcomed the message from the Federal Reserve that it will be patient in deciding when next to raise interest rates. The Stoxx Europe 600 index was 1.3% higher in ...

France's Borrowing Needs to Rise in 2015

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

PARIS--France's borrowing requirements will rise to a record high next year as the budget deficit narrows only slightly and the state pays back a spike in debt it contracted during the global economic slump in 2009, the French Treasury Agency ...

U.K. Car Production Slips in Nov; Full Year Expected to Match 2013 - SMMT

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

(This article was originally published at 0001 GMT Thursday.) By Ian Walker LONDON--U.K. car manufacturing fell 0.2% in November, although the year-to-date total remains stable at 1.42 million units, an industry body said Thursday, leading it to expect full-year production ...

Asian Shares Rise as Fed Shows Patience

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

By Chao Deng Stocks in Japan and Australia jumped early Thursday on signals from the U.S. Federal Reserve that it is not in a hurry to raise interest rates, encouraging investor risk appetite. The Nikkei Stock Average surged 2.3% while ...

Switzerland Lowers 2015 Growth Forecast

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

By Neil MacLucas ZURICH--The Swiss government on Thursday lowered its forecast for gross domestic product growth next year due to the sluggish performance of economies in the eurozone, the Alpine country's key export market. The government said, however, that while ...

Swiss Central Bank Introduces Negative Interest Rates -- Update

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

By Neil MacLucas ZURICH--Switzerland's central bank said on Thursday it would introduce negative interest rates next year, a measure designed to cool the strength of the Swiss franc and ward off deflation. Beginning Jan. 22, 2015, the Swiss National Bank ...

U.S. Government Bonds Sell Off as Fed Reassures Markets

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

By Min Zeng Treasury bonds pulled back on Thursday for a second session as the Federal Reserve's stance of being patient in raising interest rates encouraged investors to seek out risk. A round of global data also sapped demand for ...

No Sign Yet of Labor Cost Inflation in U.S. or U.K.

TODAY: Dec. 22, 2014 PUB DATE: Dec. 18, 2014

By Paul Hannon Despite falling unemployment rates, there are few signs that rising wages will soon start to push inflation higher in either the U.S. or the U.K., where central banks are expected to raise their benchmark rates next year ...