China to Levy Capital-Gains Tax on Foreign Investors

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

SHANGHAI--Chinese regulators are planning to levy a 10% capital-gains tax on the country's first foreign investors. Any decision to enforce the tax, which has long been the subject of much uncertainty, is likely to deal a blow to some investors. ...

China Plans to Levy Capital-Gains Tax on Foreign Investors

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

By Shen Hong SHANGHAI--Chinese regulators are planning to levy a 10% capital-gains tax on the country's first foreign investors. Any decision to enforce the tax, which has long been the subject of much uncertainty, is likely to deal a blow ...

Chicago PMI Tumbles to Lowest Point Since July 2009

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

An economic snapshot of the manufacturing heavy U.S. fell to its lowest level since July 2009. The Chicago Business Barometer, formerly known as the Chicago Purchasing Managers Index, tumbled to 45.8 in February from January's 59.4. The index fell below ...

Dollar Ticks Higher as U.S. Growth Beats Expectations

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

By James Ramage The dollar rose against the yen and pared losses against the euro on Friday after data showed the U.S. economy grew modestly over the last three months of 2014, topping forecasts and holding firm expectations for higher ...

Fed's Mester Doesn't Comment on Monetary Policy Outlook

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

By Michael S. Derby NEW YORK--Federal Reserve Bank of Cleveland President Loretta Mester said Friday the long-run level of the central bank's benchmark short-term interest rate likely changes over time. Ms. Mester's comments came from a text prepared for delivery ...

MARKET SNAPSHOT: U.S. Stocks Trade Lower But Eyeing Monthly Gain

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch Oil prices recover some from a drubbing NEW YORK (MarketWatch) -- U.S. stocks were stuck in the red on Friday but the main indexes were still on track to book modest weekly gains. ...

U.S. Oil Prices Soar

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

By Christian Berthelsen and Georgi Kantchev Oil futures soared Friday as surging markets for refined gasoline and diesel helped drive crude higher, with traders looking past a fall in U.S. drilling activity that was more modest than expected. The benchmark ...

Monster Beverage Shares Hit High on Strong Overseas Growth--Update

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

By Mike Esterl Monster Beverage Corp.'s shares surged to a record Friday after the energy drink maker reported strong overseas growth and investors bet on a further lift from Coca-Cola Co., which is preparing to take a minority stake. Monster's ...

Sprint CEO Marcelo Claure Buys 5 Million Shares

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

By Angela Chen Sprint Corp. Chief Executive Marcelo Claure purchased more than 5 million shares of his company's stock this week, less than a month after the company reported weak full-year results amid struggles to keep customers. Shares of Sprint ...

MARKET SNAPSHOT: U.S. Stocks: Futures Trim Losses After GDP Data

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

By Barbara Kollmeyer, MarketWatch Oil prices recover some from a drubbing NEW YORK (MarketWatch) -- U.S. stock futures trimmed losses and pointed to a flat open on Wall Street, as investors waited for a batch of government data to assess ...

U.S. GDP Growth Slows to 2.2% Pace in 4Q

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

WASHINGTON--The U.S. economy cooled in the final months of 2014, a return to the moderate growth that has marked much of the recovery. Gross domestic product, the broadest measure of goods and services produced across the economy, expanded at a ...

Sluggish Sales Hit Sun Hung Kai Earnings

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

By Yvonne Lee And Chester Yung HONG KONG-- Sun Hung Kai Properties Ltd., one of this city's biggest property developers, reported a 20% decline in its first-half underlying profit as the company booked fewer home sales during the period. The ...

Gold Rises as Investors Parse Fed's Intentions

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

By Tatyana Shumsky NEW YORK--Gold prices rose Friday as investors continued to weigh the timing of a potential increase in U.S. interest rates. The most actively traded contract, for April delivery, was recently up $5.10, or 0.4%, at $1,215.20 a ...

LetterOne, RWE to Close Dea Buy Monday--Update

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

By Selina Williams and Jenny Busche LONDON--Russian billionaire Mikhail Fridman's investment fund is expected to close a EUR5-billion ($5.6 billion) deal on Monday to acquire Dea, the oil and natural-gas arm of German utility RWE AG, people familiar with the ...

Dollar Falls From Overnight Highs

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

By Hiroyuki Kachi The dollar was lower against the yen and the euro in Asian trade Friday, with the greenback unable to extend overnight gains triggered by strengthening hopes for higher U.S. interest rates. Around 0450 GMT, the dollar was ...

Sweden's Economy Grows More Than Expected in Fourth Quarter

TODAY: March 1, 2015 PUB DATE: Feb. 27, 2015

By Anna Molin STOCKHOLM--Sweden's economic growth picked up far more than expected in the fourth quarter, driven by higher demand for its goods overseas and rising household consumption. Sweden's statistics agency said output from the economy rose 1.1% from October ...