Crude Oil Edges Down as Eyes Fixed on OPEC Meeting

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

LONDON--Crude oil prices were marginally down on Thursday as all the market's attention remains focused on whether next week's meeting of the world oil cartel will halt a slump. The Organization of the Petroleum Exporting Countries meets on Nov. 27 ...

Philadelphia Fed November Business Index Surges to 40.8

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

By Kathleen Madigan Mid-Atlantic manufacturers are surging ahead in November, according to a survey released Thursday by the Federal Reserve Bank of Philadelphia. The Philadelphia Fed's index of general business activity covering the regional factory sector surged to 40.8 in ...

US Markit Flash November PMI Slows to 10-Month Low of 54.7

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

By Kathleen Madigan U.S. factory activity this month is the weakest since snowy January, according to a survey released Thursday. The slowdown echoes other signs of factory weakness around the globe. The U.S. flash purchasing managers' index compiled by data ...

U.S. Housing Starts/Building Permits-Historical-Nov 20

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

All data seasonally adjusted except actual levels which are not seasonally adjusted. Percent change is from the previous month. R denotes revised. Source: U.S. Department of Commerce. (*) Jan 05-Jan 04 reflect the increase in the universe of permits-issuing places ...

ECB: Bank Supervision a Key Step Toward Greater Integration

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

FRANKFURT--The creation of a new, single bank supervisor housed within the European Central Bank showed the resolve of European leaders to protect the euro, ECB President Mario Draghi said Thursday. "The setting-up of European banking supervision has been the largest ...

Orange CEO Open to Selling Controlling Stake in Dailymotion

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

By Ruth Bender BARCELONA-- Orange SA is open to letting an outsider take control of Dailymotion as the French telecom operator revives its quest to expand the video streaming website. "Keeping control of Dailymotion is not something I'm religious about," ...

Fed Launches Review of Practices for Supervising Big Banks -- Update

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

By Ryan Tracy and Victoria McGrane WASHINGTON--The Federal Reserve launched a sweeping review of its practices for supervising big banks, a move that comes in response to accusations its internal culture stifles dissent. The Fed said the review is focused ...

Swiss National Bank's Zurbruegg Repeats Opposition to Gold Vote

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

By Andrew Morse ZURICH--A member of the Swiss National Bank governing board reiterated opposition to an upcoming vote that would require it to hold a fifth of its assets in gold, saying it would impede the central bank's ability to ...

Yen Tumbles to Fresh Lows vs Dollar, Euro

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

By Tatsuo Ito The yen tumbled versus major currencies in Asia Thursday, hitting a fresh seven-year low against the dollar as investors remain keen to sell off the Japanese currency following extra easing by the Bank of Japan late last ...

BHP Billiton Vows to Focus on Investor Returns

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

By Rhiannon Hoyle SYDNEY-- BHP Billiton Ltd. Thursday assured investors that it remains focused on boosting capital returns, moving to dispel fears that falling commodity prices would push out a hoped-for share buyback. It comes as the world's biggest miner ...

U.K. Car Production Slips in October

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

LONDON--U.K. car manufacturing fell in October weighed by the global economic uncertainty, but the outlook is still positive with all-time record production levels expected within the next few years, an industry body said on Thursday. In October, 150,060 cars were ...

European Shares Down Before Data

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

European shares edged lower Thursday after some downbeat French and Chinese economic data, as investors awaited the latest reading on the health of the eurozone economy. The Stoxx Europe 600 index was 0.3% lower in early trade. The losses came ...

Swiss Exports Boosted by Demand for Pharmaceuticals, Watches

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

By John Revill ZURICH--Strong demand for pharmaceuticals and watches in Asia and North America pushed Swiss exports higher in October, according to data released Thursday. Exports in October rose an inflation-adjusted 5.3% from a year earlier to 19.76 billion Swiss ...

Hong Kong October Headline Inflation 5.2%; Beats Expectations

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

By Chester Yung HONG KONG--Hong Kong's composite consumer price index in October rose a faster-than-expected 5.2% from a year earlier but is unlikely to rise sharply in the near term, the Census and Statistics Department said Thursday. October's CPI rise ...

Eurozone Private-Sector Activity Slows

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

Activity in the eurozone's private sector slowed in November, according to surveys of purchasing managers, an indication the currency area's economy will continue to grow weakly, if at all, in the final quarter of the year. The surveys also found ...

U.S. Consumer Prices Unchanged

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

WASHINGTON--U.S. consumer prices held steady last month, the latest sign of weak inflation at home amid soft energy prices and slow growth abroad. The consumer-price index, which measures how much Americans pay for everything from pet food to medical care, ...

Royal Dutch Shell Sells Some Nigeria Units--Update

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

By Justin Scheck LONDON-- Royal Dutch Shell PLC said Thursday that it has sold its stake in a set of oil wells and processing plants in Nigeria's Niger Delta, the latest in a series of sales in an area where ...

India's Tech Mahindra to Acquire Lightbridge Communications

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

By Dhanya Ann Thoppil BANGALORE, India--India's Tech Mahindra Ltd. said Thursday it has agreed to buy U.S.-based network-engineering services provider Lightbridge Communications for an enterprise value of about $240 million. Lightbridge, which helps telecommunications clients design and optimize their networks, ...