RBC Leads Canadian Banks in Trimming Prime Rate -- 2nd Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Rita Trichur TORONTO--Royal Bank of Canada became the first major Canadian lender to trim its prime lending rate in response to last week's surprise interest-rate cut from the Bank of Canada. Canada's second-largest bank by assets said it would ...

Oil Resumes Slide as U.S. Supply Seen Rising Again

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Eric Yep Crude-oil futures resumed their fall in Asian trade Wednesday with another surge in weekly U.S. oil supply expected to keep oil prices under pressure. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

Asian Shares Mostly Lower

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

Stocks in Asia were mostly lower Wednesday as investors cautiously awaited a U.S. Federal Reserve statement for clues on the timing of any interest rate rise, while the Singapore dollar plunged to a 4 1/2 year low after Singapore's central ...

French Consumer Confidence Stable in January

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Ruth Bender PARIS--French consumer confidence was stable in January, a survey from statistics agency Insee showed on Wednesday. The monthly survey showed that consumer confidence stayed flat at 90 in January from the same level in December, but still ...

French Consumer Confidence Stable

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

PARIS--French consumer confidence was stable in January, a survey from statistics agency Insee showed on Wednesday. The monthly survey showed that consumer confidence stayed flat at 90 in January from the same level in December, but still below a long-term ...

Swiss to Compensate Workers Hurt by Franc Strength

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Neil MacLucas ZURICH--The Swiss government said it will compensate employees forced to work fewer hours at companies hit by the sharp appreciation of the Swiss franc, marking the first domestic political action aimed at cushioning the impact of recent ...

Asian Shares Mostly Lower -- Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Chao Deng Stocks in Asia were mostly lower Wednesday as investors cautiously awaited a U.S. Federal Reserve statement for clues on the timing of any interest rate rise, while the Singapore dollar plunged to a 4 1/2 year low ...

Austrian Economic Forecaster Confirms 2014, 2015 GDP Forecasts

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Nicole Lundeen VIENNA--The Austrian economy is expected to grow 1.25% on average between 2015 and 2019, the country's main economic forecaster said Wednesday in its five-year outlook. The Austrian Institute for Economic Research, known by its German acronym WIFO, ...

Malaysia Likely to Keep Rate Steady Till Mid-2015 - Think Tank

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Jason Ng KUALA LUMPUR--Malaysia's central bank will likely keep its policy rate unchanged at least until June as the outlook for economic growth moderates and inflation remains under control, the Malaysian Institute of Economic Research, a partially government-funded think ...

Australian Consumer Prices Rise

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

SYDNEY--Australian consumer prices rose by 0.2% in the fourth quarter from the third and by 1.7% from a year earlier, the Australian Bureau of Statistics said Wednesday. Economists had expected headline inflation to rise by 0.3% from the third quarter ...

Russia Deputy FinMin: Ruble May Strengthen on Lower Imports

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

MOSCOW--Russia's foreign-exchange market has stabilized on the back of lower imports and consequently lower demand for hard currency, and the ruble may strengthen significantly, the country's deputy finance minister said Wednesday. Speaking to reporters Alexei Moiseev said "we may see ...

European Stocks Rise

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

European stocks rebounded Wednesday, lifted by some upbeat corporate news, with investors awaiting a U.S. Federal Reserve statement for clues on the likely timing of a rise in interest rates. The Stoxx Europe 600 index was 0.3% higher in early ...

China Shenhua to Build Power Plant in Xinjiang

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Joanne Chiu China Shenhua Energy Co. (1088.HK) has received approval to build a power plant in Xinjiang Uygur Autonomous Region for 4.71 billion yuan ($755 million). The country's largest listed coal producer by output said Wednesday that the Xinjiang ...

Australian Consumer Prices Rise

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By James Glynn SYDNEY--Australian consumer prices rose by 0.2% in the fourth quarter from the third and by 1.7% from a year earlier, the Australian Bureau of Statistics said Wednesday. Economists had expected headline inflation to rise by 0.3% from ...

Asian Shares Mostly Lower

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Chao Deng Stocks in Asia were mostly lower Wednesday as investors cautiously awaited a U.S. Federal Reserve statement for clues on the timing of any interest rate rise, while the Singapore dollar plunged to a 4 1/2 year low ...

Yahoo to Spin Off Remaining Alibaba Stake -- 4th Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Douglas MacMillan Yahoo Inc. unveiled a plan to spin off tax-free its nearly $40 billion of holdings in Alibaba Group Holding Ltd., a move that should give Chief Executive Marissa Mayer more time with shareholders despite continued declines in ...

German Consumer Sentiment to Reach 13-Year High in February

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Emese Bartha FRANKFURT-German consumer confidence is set to strengthen further in February, as low energy prices that allow more scope for other expenditures buoy sentiment, a survey showed Wednesday. The monthly survey by the GfK market research group suggest ...

Greek Markets Continue to Slide--Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Tommy Stubbington Greek markets continued to wilt Wednesday in the wake of Syriza's election victory. Government bonds were hit hard by fears that the antiausterity party could derail the terms of its financial support from its European partners. Short-term ...