Rising Franc Puts Spotlight on Swiss Central Bank

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

By Chiara Albanese Persistent geopolitical fears and rising expectations that the European Central Bank will ease policy further are heaping the pressure on the Swiss franc. The currency, which acts as a refuge when investors' risk aversion increases, is currently ...

CURRENCIES: Dollar Lower Against Yen As Investors Lock In Profits

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

By Hiroyuki Kachi The dollar was lower in Asia on Thursday, after early stock market weakness prompted investors to sell the greenback to lock in profits. Subsequent trading was largely directionless, though, ahead of U.S. economic data out later in ...

Hong Kong July Retail Sales Contraction Sharper Than Expected

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

By Chester Yung HONG KONG--Hong Kong's retail sales fell 3.1% by value in July from a year earlier, because of weaker tourist spending and a decline in sales of luxury goods, the Census and Statistics Department said Thursday. The decline ...

Belgian Inflation Plunges to Lowest Rate in Five Years in August

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

By Frances Robinson BRUSSELS--Belgium's inflation rate plunged to its lowest level in almost five years in August, with the consumer price index rising 0.02% in August from the year earlier, the Belgian economy ministry said Thursday. Inflation dropped to just ...

European Stocks Hit by Renewed Ukraine Tensions -- 3rd Update

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

By Josie Cox European shares dropped Thursday, pressured by a poisonous cocktail of downbeat economic data and rekindling tensions between Ukraine and Russia. The Stoxx Europe 600 ended the session 0.7% lower on the day, while the euro resumed its ...

Low German Inflation Puts Pressure on ECB

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

By Emese Bartha FRANKFURT--German consumer-price growth stabilized at a very low rate in August, putting added pressure on the European Central Bank to take more dramatic steps to prevent ultra-low inflation from gripping the euro zone and further damaging the ...

Dutch Banks Steer Funds Away From ECB

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

AMSTERDAM--Dutch banks are steering large amounts of cash away from the European Central Bank in response to the ECB's move to adopt negative rates on bank deposits, but they aren't using the money to boost lending and growth. The ECB ...

Dutch Banks Steer Funds Away From ECB

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

By Maarten van Tartwijk AMSTERDAM--Dutch banks are steering large amounts of cash away from the European Central Bank in response to the ECB's move to adopt negative rates on bank deposits, but they aren't using the money to boost lending ...

U.S. Jobless Claims Fall Again, Reaching 298K

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

WASHINGTON--The number of new applications for jobless benefits dropped again last week and remained near post-recession lows, the latest sign of a strengthening labor market. Initial claims for unemployment benefits decreased by 1,000 to a seasonally adjusted 298,000 in the ...

July Personal Income Seen Up 0.3% -- Data Week Ahead

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

The following are forecasts for this week's remaining data from a survey compiled the previous Friday and the past Monday. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS (ET) Friday 0830 Personal Income Jul +0.3% (29) +0.4% 0830 Consumer Spending Jul +0.1% ...

Yen Gains on Worries Over Conflict in Ukraine

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

By James Ramage The yen rose against the dollar, euro and British pound on Thursday after an escalation of the conflict between Ukraine and Russia sent investors scurrying into haven assets. The dollar fell 0.2% versus the yen to Y103.66, ...

Argentina's Low Foreign Reserves Hit Peso

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

BUENOS AIRES--Argentina's international reserves are starting to dwindle in the wake of the country's second sovereign-debt default in almost 13 years, putting added stress on the peso and an economy believed to be in recession. The default has hurt a ...

MARKET SNAPSHOT: U.S. Stocks: Futures Fall Ahead Of GDP Data

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- U.S. stocks futures moved lower Thursday ahead of an updated reading on second-quarter U.S. economic growth. Renewed jitters in Ukraine bruised stock markets after Kiev said Russian forces had entered Ukraine and seized ...

Oil Futures Slightly Lower in Subdued Trading

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

By Eric Yep Crude-oil futures fell slightly in Asia Thursday as trading remained subdued in a well-supplied market. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at $93.57 a barrel at 0523 GMT, ...

German Unemployment Stays Low

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

By Emese Bartha The number of Germans without jobs increased slightly in August while the unemployment rate stayed near record lows, the country's labor agency said Thursday, suggesting the labor market in Europe's largest economy remains healthy despite a recent ...

Bank of Cyprus Shareholders Approve EUR1 Billion Capital Boost

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

By Stelios Bouras ATHENS--Shareholders of Bank of Cyprus (BOCY.CP), the island's largest lender, Thursday approved plans for a 1 billion euro ($1.3 billion) capital boost to help it cope with a staggering level of non-performing loans and liquidity problems. At ...

Euro Zone Private Sector Lending Falls in July

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

FRANKFURT--Lending to the private sector in the euro zone improved slightly last month, although it remained below year-ago levels, the European Central Bank said Thursday, an indication that credit is slowly being restored to households and businesses. Loans to households ...

GIC Buys in to Music-Streaming Company KKBOX

TODAY: Aug. 29, 2014 PUB DATE: Aug. 28, 2014

SINGAPORE--Singapore's sovereign wealth fund GIC Pte. Ltd. has spent US$104 million for an undisclosed stake in music-streaming service KKBOX. Taiwan-based KKBOX streams music to Japan, Hong Kong, Thailand, Taiwan and other countries in Asia. It claims 10 million users. It ...