NEW YORK, Aug 27- The dollar softened on Wednesday as traders focused on riskier currencies, while the battered euro hit a 19- month low against the Swiss franc amid speculation the European Central Bank will resort to quantitative easing.» Read More
BUDGET DEFICIT AT $506 BLN VS PREVIOUS ESTIMATE OF $492 BLN DUE TO LOWER CORPORATE TAX RECEIPTS.
WASHINGTON— Congressional Budget Office: US economy predicted to grow by 1.5 percent this year.
JERUSALEM, Aug 27- The Bank of Israel warned the government on Wednesday that the budget deficit would reach at least 3.5 percent of gross domestic product in 2015 if taxes aren't raised and state spending is not reduced.
The plan has faced a "cool reception" from many major business groups worried about costs, according to the L.A. Times.
*Euro hits lowest since January 2013 against Swiss franc. LONDON, Aug 27- The euro fell broadly on Wednesday, hitting a 19- month low against the Swiss franc, as speculation that the European Central Bank will resort to quantitative easing was fuelled by yet more bad news from the euro zone.
U.S. medical device maker Medtronic is building stronger ties to Europe, a couple months after announcing a $42.9 billion acquisition that involves moving its main executive offices across the Atlantic, where it can get a better tax deal.
LONDON, Aug 27- The euro edged off its lowest point in almost a year on Wednesday as Germany's finance minister played down speculation over more European Central Bank monetary policy easing in the coming months.
SYDNEY/ SINGAPORE, Aug 27- The dollar hit a 13- month peak against a basket of major currencies on Wednesday, with the euro still struggling amid expectations of further policy easing from the European Central Bank.
Patrick Chovanec, Chief Strategist at Silvercrest Asset Management, says improvements in corporate earnings will lay the foundation for Wall Street to climb higher.
SYDNEY, Aug 27- The dollar hovered just under a 13- month peak against a basket of major currencies early on Wednesday, with the euro still struggling amid expectations of further policy easing from the European Central Bank.
Aug 26- A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice "Hank" Greenberg, the former chief executive of American International Group, over the insurer's government bailout, clearing the way for a Sept. 29 trial.
WASHINGTON— Figures on government spending and debt.
As Napa Valley winemakers clean up after the 6.0-magnitude earthquake, many will have to pay for damages out of their own pockets.
RadioShack shareholder Standard General is negotiating a rescue package with investors to help the company ward off bankruptcy.
Traders say the S&P 500's 2,000 level will quickly be put to the test once the usually volatile month of September gets underway next week.
WASHINGTON, Aug 26- Three regional Federal Reserve banks, whose presidents are among the more hawkish of U.S. central bankers, continued to press for an increase in the Fed's emergency lending rate ahead of last month's policy-setting meeting, according to minutes on Tuesday.
PARIS— France's prime minister reshuffled his Cabinet on Tuesday to silence ministers who had openly criticized Socialist President Francois Hollande's economic policies as he tries to pull the nation out of stagnation and steer it toward growth.
BUENOS AIRES, Argentina— Bank of New York Mellon, which has played a central role in the legal dispute that pushed Argentina into default last month, is no longer authorized to operate in the South American country, the government said Tuesday.
After corn prices peaked during a 2012 drought, this year's record harvest has pushed prices to lows and forced farmers to postpone purchases.
Burger King said Tuesday it will buy Tim Hortons in an $11 billion deal that would create the world's third largest fast-food chain.