Mexico Official Sees Deal on Pacific Trade Zone in Late July

TODAY: July 8, 2015 PUB DATE: July 7, 2015

MEXICO CITY?Mexico is confident that an agreement on a major free-trade pact spanning the Pacific Ocean can be reached in late July in what would be a milestone with the potential to reshape economic ties between Asia and the Americas, ...

European Stocks Hold Steady -- Update

TODAY: July 8, 2015 PUB DATE: July 7, 2015

By Josie Cox European stocks steadied Tuesday, with investors awaiting the outcome of an impromptu summit of eurozone leaders at which Greece will once again face its European creditors. In early trade, the Stoxx Europe 600 was largely unchanged. Germany's ...

France Wants Greece to Make Proposals so Talks can Restart

TODAY: July 8, 2015 PUB DATE: July 7, 2015

By Noémie Bisserbe PARIS--France will "do everything" to ensure that Greece stays in the eurozone, the country's Prime Minister Manuel Valls said on Tuesday, two days after Greek voters put the country's future within the currency bloc in greater doubt ...

WPP: Commarco Buys Interest in Nicole Weber, Germany

TODAY: July 8, 2015 PUB DATE: July 7, 2015

LONDON--Advertising agency WPP PLC (WPP.LN) said Tuesday its German-based marketing services network, Commarco GmbH, has bought a majority interest in Nicole Weber Communications GmbH, a German full service public relations agency for an undisclosed sum. NWC focuses on lifestyle industries ...

A.P Moller-Maersk Sells Its Stake In ESVAGT

TODAY: July 8, 2015 PUB DATE: July 7, 2015

By Christina Zander STOCKHOLM--Danish conglomerate A.P Moller-Maersk (MAERSK-B.KO) said Tuesday two international infrastructure investors have agreed to buy 100% of the Danish company ESVAGT from Maersk Group and ESE-Holding A/S for 4.1 billion Danish kroner ($610 million). Maersk said 3i ...

Australian Central Bank Keeps Rates Steady

TODAY: July 8, 2015 PUB DATE: July 7, 2015

SYDNEY--Australia's central bank kept interest rates steady Tuesday as expected by economists, while playing down any immediate risk posed to the economy by uncertainty surrounding Greece's debt negotiations and recent sharp falls in Chinese share prices. The cash rate remained ...

Canada's Trade Deficit Widens in May -- Update

TODAY: July 8, 2015 PUB DATE: July 7, 2015

By Paul Vieira OTTAWA--Canada's trade gap widened more than expected in May as non-energy exports fell, indicating that Canadian exporters outside the oil patch are struggling despite a weaker Canadian dollar and a strengthening U.S. economy. Canada posted a trade ...

Hayes Tells Trial He Admitted Misconduct to Avoid Extradition

TODAY: July 8, 2015 PUB DATE: July 7, 2015

LONDON?Tom Hayes, the alleged ringleader of a global interest-rate-rigging conspiracy, testified Tuesday that he previously admitted to misconduct to British investigators solely in an attempt to avoid being extradited to the U.S. Mr. Hayes took to the witness stand as ...

IMF Reiterates Call for Fed to Hold Off on Rate Rise Until 2016

TODAY: July 8, 2015 PUB DATE: July 7, 2015

By Ian Talley WASHINGTON--The Federal Reserve risks stalling the U.S. economy by raising interest rates too early, the International Monetary Fund warned Tuesday as it detailed further its call for the central bank to delay a move until 2016. The ...

Gaming and Leisure Boosts Bid for Pinnacle's Real Estate

TODAY: July 8, 2015 PUB DATE: July 7, 2015

Gaming and Leisure Properties Inc. said Tuesday that it has boosted its offer for Pinnacle Entertainment Inc.'s real estate after its previous offers were rejected. Gaming and Leisure's latest offer, which it called its final effort, values all of Pinnacle ...

Asian Rubber Futures Settle Lower; Trade Slow During Ramadan

TODAY: July 8, 2015 PUB DATE: July 7, 2015

By Huileng Tan Asian rubber futures settled lower Tuesday due to a broad decline in Chinese equity markets. Benchmark December natural-rubber futures on the Tokyo Commodity Exchange settled slightly lower at Y213.5/kilogram ($1.74) after moving in a narrow range owing ...

Allergan Buys Rights To Merck's Migraine Drugs

TODAY: July 8, 2015 PUB DATE: July 7, 2015

By Chelsey Dulaney Allergan PLC said Tuesday that it has reached a deal to buy the exclusive world-wide rights to two of Merck & Co.'s experimental migraine drugs for an upfront payment of $250 million. Merck also could receive milestone ...

May Consumer Credit Seen Rising $19 Billion -- Data Week Ahead

TODAY: July 8, 2015 PUB DATE: July 7, 2015

The following are forecasts for this week's remaining data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS (ET) Wednesday 1500 Consumer Credit May +$19.0B (11) +$20.5B Thursday 0830 Jobless Claims Jul 4 275K ...

Trade Gap Widens as Overseas Headwinds Gather--2nd Update

TODAY: July 8, 2015 PUB DATE: July 7, 2015

By Eric Morath A stronger dollar and international turmoil are weighing on overseas consumers, meaning trade is unlikely to provide much support to the U.S expansion this year. The U.S. trade gap widened 2.9% to a seasonally adjusted $41.87 billion ...

EMC to Sell Dropbox Rival Syncplicity -- Update

TODAY: July 8, 2015 PUB DATE: July 7, 2015

By Don Clark EMC Corp. is ending a three-year foray into the kinds of data-storage services offered by Dropbox Inc. and Box Inc., agreeing to sell control of its Syncplicity business to investment firm Skyview Capital LLC. Financial terms of ...