NEW YORK— Air Products& Chemicals Inc. plans to restructure its business into seven divisions next month as it seeks to boost growth. On Oct. 1, the company will break up its industrial gases business by location: the Americas; Europe, the Middle East and Africa; Asia; and global. Shares of Air Products rose $2.12 to $133.04 Thursday.» Read More
LONDON— Bank of England policymakers remain divided on whether to raise interest rates, voting 7-2 at their last meeting in favor of keeping the main rate at a record low 0.5 percent. Minutes from the Sept. 3-4 meeting show Wednesday that policymakers retained the status quo even as Europe's third-largest economy recovers at a brisk pace.
NEW YORK— The stock market got the reassurance it wanted from the Federal Reserve Wednesday. "The Fed is not going to take the punch bowl away," said Brad McMillan, chief investment officer for Commonwealth Financial. Major indexes drifted before the Fed released a statement at 2 p.m. Eastern time signaling little change in its interest rate policy.
STOCKHOLM- Sveriges Riksbank will release the minutes of September monetary policy meeting- 0730 GMT. STOCKHOLM- Sweden Central Bank Deputy Governor Martin Floden speaks on the topic "The economic situation and my views on monetary policy"- 0900 GMT.
They doubt that global economic ties create jobs or raise wages, an international survey conducted by the Pew Research Center shows. But people China and other low- and middle-income countries are far more convinced that trade delivers jobs and higher wages, Pew said Tuesday in releasing the results of its survey of 48,643 people in 44 countries.
Alibaba risk: China's rise leaves out investors. WASHINGTON— American investors are clamoring to buy a stake in Chinese e-commerce giant Alibaba, which is launching what may prove the biggest initial public stock offering ever. IPOs, according to research by Jay Ritter, a finance professor at the University of Florida.
DRUMMONDVILLE, Quebec, Sept 16- Recent Canadian economic data has been encouraging, particularly on exports, Bank of Canada Governor Stephen Poloz said on Tuesday, but he pointed to a substantial amount of slack in the job market.
MOSCOW, Sept 16- The Russian central bank sees crude oil prices returning to above $100 per barrel in coming quarters and staying above that mark in 2016-2017, according to the bank's quarterly monetary policy document published on Tuesday.
LONDON, Sept 16- German 10- year yields fell back below 1 percent on Tuesday as data showed investor morale hit its lowest in nearly two years in September, suggesting tensions between Russia and the West had hit Europe's largest economy.
MOSCOW, Sept 16- Russia risks slipping into recession because the government is not investing enough in the economy to weather Western sanctions, former finance minister Alexei Kudrin said on Tuesday, criticizing the strategy so far.
AMSTERDAM— The Dutch government is presenting a budget for 2015 that for the first time in years will be focused less on financial austerity and more on security in light of international conflicts.
FRANKFURT, Germany— A key measure of German investor optimism fell in September for the ninth month in a row, dragged down by worries over the crisis in Ukraine, economic stagnation in Europe and the upcoming independence referendum in Scotland. But the major factor appears to have been fear that the conflict between Russia and Ukraine could escalate.
LONDON— Official figures show that inflation in the U.K. eased further below the Bank of England's target in August following falls in food and fuel prices.
*ECB openly addresses economic benefits of weaker euro. FRANKFURT/ TOKYO/ WASHINGTON, Sept 16- Attempts by the European Central Bank to weaken the euro have the potential to spark a currency war but policymakers across the world are keeping silent, knowing the ECB has scant alternatives to keep its economy afloat.
PARIS— French Prime Minister Manuel Valls won a vote of confidence on Tuesday in a tense ballot, allowing him to push through economic reforms that have divided his Socialist Party. The result denies the government its absolute majority, but still allows Valls to carry out reforms aimed at lifting France out of its economic crisis.
MOSCOW, Sept 16- Russia's economy could contract 3-4 percent if western nations tighten sanctions over Moscow's role in the Ukraine crisis to make them similar to those imposed on Iran, former finance minister Alexei Kudrin said on Tuesday. Western sanctions already bar some of Russia's largest companies and banks from raising financing on western markets.
NEW YORK— The stock market rose Tuesday as investors waited to find out when the Federal Reserve might raise interest rates. "The economy continues to improve in the U.S., and there's still an accommodative Fed," said Brad Sorensen, director of market and sector research at the Schwab Center for Financial Research.
Joerg Kraemer, Chief Economist of Commerzbank, agrees with the OECD's move to cut growth forecasts for the euro zone and says the European Central Bank is being overly optimistic.
Riad Younes, Co-founder of R Squared Capital Management, discusses his expectations for the referendum and highlights the sources of political instability that Europe could see moving forward.
It settled 65 cents a barrel higher at $92.92 on the previous session, recovering by more than $2 a barrel after falling earlier in the session towards 16- month lows. *November Brent gained 20 cents a barrel to $98.08 after it ended 8 cents lower at $97.88.
'Minecraft' could boost Microsoft's mobile reach. NEW YORK— Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile phones, a new priority for the company. In addition, the founders of Mojang, the Swedish company behind "Minecraft," aren't staying with Microsoft.
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