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  • Global stocks mostly higher in quiet trading day Monday, 25 May 2015 | 4:49 AM ET

    BEIJING— Asian stocks were mostly higher Monday on a quiet trading day with Hong Kong, Wall Street and London closed for holidays. London and Frankfurt were closed for holidays. Wall Street is closed Monday for Memorial Day.

  • Asian stock markets mostly higher in quiet trading day Sunday, 24 May 2015 | 11:29 PM ET

    BEIJING— Asian stocks were mostly higher Monday on a quiet trading day with Hong Kong, Wall Street and London closed for holidays. Singapore, Manila and New Zealand also rose. GREECE DEBT: Greece's ruling Radical Left Coalition rejected a call by party hardliners to skip its next payment to the International Monetary Fund.

  • GLASTONBURY, Conn.— The deep freeze that gripped the Northeast last winter dealt a severe blow to marinas and yacht clubs: Ice snapped pilings in half, shredded wooden docks and left behind wreckage that many compare to the effects of a hurricane. The marina was destroyed, "said Mindy Kahl, co-owner of Birbarie Marine on a river in Branford, Connecticut.

  • DIARY- Top Economic Events to June 4 Friday, 22 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank board member Vitor Constancio chairs session 2 on "Structural Perspectives on European Employment, Productivity, and Growth in a Global Context" at an ECB forum on Central Banking "Inflation and Unemployment in Europe"- 0800 GMT. SINTRA, Portugal- Federal Reserve Vice Chair Stanley Fischer participates in a panel...

  • *Coming up: Baker Hughes weekly U.S. rig data. SINGAPORE, May 22- Oil prices edged down on Friday after rising more than 2 percent in the previous session, buoyed by lower U.S. crude inventories and geopolitical tension in the Middle East. West Texas Intermediate for July delivery was at $60.61 a barrel by 0452 GMT, down 11 cents on the day but poised to post gains for the...

  • TOKYO, May 22- Asian shares rose early on Friday after Wall Street set another record high with prospects for a Federal Reserve rate hike in June all but quashed, while the dollar steadied after losing ground to the euro for the first time this week on downbeat U.S. data. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent with South Korean...

  • *PMIs point to 0.4 pct euro zone growth in Q2- Markit. LONDON/ NEW YORK, May 21- U.S. and euro zone business growth slowed in May while China's factory sector contracted again, reinforcing the need for major central banks to continue supporting economic growth. Growth in euro zone business activity also weakened in May, just two months after the European Central Bank...

  • *PMIs point to 0.4 pct euro zone growth in Q2- Markit. *No signs of a Q2 pickup in Asia- HSBC. LONDON/ SYDNEY, May 21- Euro zone business growth was weaker than expected this month and factory activity in Asia's top two economies remained stuck in low gear, putting the onus squarely on the United States to drive a pick-up in global growth.

  • WELLINGTON, New Zealand— Australia's warmer climate and higher wages have long lured droves of New Zealanders across the Tasman Sea with the aim of making a better life in the "lucky country." But with Australia's economy stumbling and New Zealand's improving, the trend has begun to reverse. New Zealand figures released Thursday showed that in April, for the first...

  • New Zealand fails to deliver promised budget surplus Thursday, 21 May 2015 | 12:18 AM ET

    WELLINGTON, New Zealand— New Zealand's government on Thursday blamed low inflation for its failure to deliver a promised budget surplus this year but said it remains on target to get its books into the black next year. But when Finance Minister Bill English delivered his annual budget Thursday, the planned surplus had evaporated into a projected deficit of 684...

  • New Zealand fails to deliver promised budget surplus Wednesday, 20 May 2015 | 10:19 PM ET

    WELLINGTON, New Zealand— New Zealand's government on Thursday blamed low inflation for its failure to deliver a promised budget surplus this year but said it remains on target to get its books into the black next year. New Zealand hoped to become one of the first developed nations to return to a surplus following the 2008 global financial crisis.

  • U.S. aims to limit exports of undisclosed software flaws Wednesday, 20 May 2015 | 8:53 PM ET

    SAN FRANCISCO, May 20- The U.S. Commerce Department proposed new export controls Wednesday that would treat unknown software flaws as potential weapons, a move aimed at reducing the security industry's aid to rival nations. But sales of zero-day and supporting capabilities would be barred without special license outside of the United States, United Kingdom,...

  • DIARY- Top Economic Events to June 3 Wednesday, 20 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank forum on central banking. Speakers:- ECB President Mario Draghi and board member Peter Praet, IMF Economic Counsellor Olivier Blanchard, BoE Governor Mark Carney, Central Bank of Mexico Governor Agustin Carstens, Central Bank of Ireland Governor Patrick Honohan, Organisation for Economic Co-operation and Development...

  • How to cool housing hot spots, Down-Under style Wednesday, 20 May 2015 | 5:00 PM ET

    The Reserve Bank of New Zealand is by far the boldest of the regulators, taking the radical approach of targeting only the Auckland housing market with restrictions on loan sizes and tougher capital requirements for lenders. The urgency is understandable given New Zealand's household debt is a stratospheric 160 percent of disposable income, near record...

  • KLX misses 1Q profit forecasts Wednesday, 20 May 2015 | 5:03 AM ET

    WELLINGTON, Fla. _ KLX Inc. on Wednesday reported fiscal first-quarter earnings of $17.9 million. The Wellington, Florida- based company said it had net income of 34 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

  • DIARY- Top Economic Events to June 1 Tuesday, 19 May 2015 | 8:01 PM ET

    LONDON- Bank of England releases updated policy statement on dormant bank accounts- 0900 GMT. MUNICH- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the National Association for Business Economics International Symposium: "Economic Growth, Monetary Policy, and Structural Reform:...

  • FOREX-Euro stung by ECB, sterling also under pressure Tuesday, 19 May 2015 | 7:09 PM ET

    *Euro broadly lower, back near $1.11. *Sterling hit as UK inflation turns negative. SYDNEY, May 20- The euro nursed steep losses early on Wednesday, having suffered a major setback as the European Central Bank looked to accelerate the pace of money printing to buy government bonds over the next two months.

  • LONDON, May 19- The British public will for the first time be able to help decide which historic figure- in this case a creative one- appears on the next version of the country's 20 pound note, the Bank of England said on Tuesday. The BoE regularly changes who appears on British banknotes, and there was controversy in 2013 when the choice of Winston Churchill to succeed...

  • *Bellwether project seen reviving investment in Mongolia mining. ULAN BATAAR/ MELBOURNE, May 19- Mongolia and Rio Tinto have reached an agreement paving the way for work to resume on a stalled $5 billion underground copper mine that is expected to drive growth for both the country and the global miner. The Oyu Tolgoi project, which started producing from an open...

  • Global stock markets rise on Europe stimulus hopes Tuesday, 19 May 2015 | 12:30 AM ET

    BEIJING— Global stock markets were boosted Tuesday by Greece's declaration of progress in bailout talks and a new high on Wall Street as investors looked ahead to U.S. and European inflation data. KEEPING SCORE: In early trading, Germany's DAX added 2 percent to 11,823.19 and France's CAC 40 jumped 2 percent to 5,113.86. Britain's FTSE 100 gained 0.5 percent to...