The European Union's statistics office, Eurostat, said Wednesday the eurozone's annual inflation rate was 0.4 percent, up from its initial estimate of 0.3 percent published late last month. However, the Eurostat figures showed that the eurozone's third- and fourth-largest economies, Italy and Spain, saw prices fall by an annual 0.2 percent in August.» Read More
A group of 24 such companies compiled by Credit Suisse has lost $63 billion in market value, or almost 19 percent, so far in March.
SINGAPORE, March 28- Brent steadied below $108 per barrel on Friday, retaining most of its gains from the prior session and heading for the first weekly rise in five, on promising U.S. data and fears geopolitical tensions could dent supply from Russia.
HONG KONG, March 28- China's yuan held steady against the dollar on Friday, even though the central bank set the weakest midpoint in six months, as traders were puzzled about which direction the Chinese currency would move next. The People's Bank of China set the yuan mid-point at 6.1490, down 0.04 percent from the previous day's 6.1465.
NEW YORK, March 28- CBS Outdoor Americas' top executive says he plans to convince top advertisers to move more of their dollars toward billboards and other displays as the company splits from media broadcaster CBS on Friday.
March 27- Ford Motor Co will spend $500 million and create 300 jobs to upgrade an Ohio engine plant to make the new 2.7- liter six-cylinder EcoBoost engine for its best-selling F-150 pickup trucks, the company said on Friday. The 2015 F-150 pickup truck will be the first model to use the new engine that will be built at Ford's Lima, Ohio engine plant.
March 27- All restrictions on marine traffic through the Houston Ship Channel, a critical waterway for oil shipments, were lifted on Thursday, five days after an oil spill in the Galveston Bay, the U.S. Coast Guard said.
SYDNEY/ TOKYO, March 28- The euro struggled near a three-week low against the dollar on Friday, weighed by recent dovish talk from several European Central Bank officials. The euro last traded at $1.3744, having plumbed three-week lows of $1.3728 overnight, on track to end lower for a second straight week.
TOKYO, March 28- Japanese government bond prices ticked up on Friday, helped by the Bank of Japan buying short and superlong maturities in a subdued market that showed little reaction to a series of Japanese economic indicators. The BOJ offered to buy 170 billion yen of JGBs maturing in more than 10 years and 500 billion yen in one- to five-year maturities.
*Asian shares supported by speculation of China stimulus. SYDNEY, March 28- The euro was wallowing near three-week lows in Asia on Friday as speculation intensified that the European Central Bank might ease policy further, while similar hopes of stimulus in China gave a fillip to Asian shares.
*Yahoo Japan tumbles on eAccess buy.
BEIJING, March 28- China has the policy tools in store to support the economy this year and will roll out support measures, Premier Li Keqiang was quoted by the state media as saying, seeking to address recent concerns over faltering growth.
ECONOMY CONTINUES TO IMPROVE, BUT NOT YET OUT OF THE WOODS.
FED'S EVANS: LOW INFLATION, HIGH UNEMPLOYMENT MEAN FED WILL KEEP RATES NEAR ZERO' WELL INTO' 2015.
EVANS: THERE IS SIGNIFICANT EVIDENCE THAT FED'S SUPER-EASY POLICIES HAVE SUPPORTED U.S.
EVANS: FED POLICY NEEDS TO REMAIN HIGHLY ACCOMMODATIVE FOR SOME TIME.
EVANS: MACROPRUDENTIAL POLICY IS THE APPROPRIATE TOOL TO MITIGATE FINANCIAL STABILITY RISKS.
EVANS: MONETARY POLICY IS NOT THE BEST TOOL TO ADDRESS FINANCIAL EXUBERANCE.
EVANS: HAVE SEEN NO CONVINCING ARGUMENT THAT RAISING RATES TO ADDRESS STABILITY RISKS PASSES COST-BENEFIT TEST.
EVANS: FED AND MARKET EXPECTATIONS SUGGEST 7 YEARS OF NEAR-ZERO RATES BEFORE FED RAISES THEM.