• Wednesday, September 2, 2015 - 01:11 Japan Average Gasoline Price Down 8th Week, Over 6-Month Low 0

    TOKYO (MNI) - The average price of regular gasoline in Japan this week fell to an over six-month low of Y135.7 ($1.13) a liter from Y136.7 last week for the eighth straight weekly drop, data from the Agency for Natural Resources and Energy released Wednesday showed.

    The price remained the lowest since Y135.4 recorded in the week of Feb.

  • Tuesday, September 1, 2015 - 15:37 US Tsy Offl: Still Watching China,FX Mkts;RMB Deprec Just 3% 0

    --China Downside Risks Concern to Mkts; Faster China Growth Will Reassert Itself
    --Will Encourage Europe to Provide Promised Greece Debt Relief

    WASHINGTON (MNI) - U.S. officials continue to watch currency markets in the wake of China's depreciation last month, but the weakening against the dollar has been modest relative to the appreciation seen in the past year, a senior U.S.

  • Tuesday, September 1, 2015 - 14:27 Bost Fed's Rosengren: Fed Missing Goals; Room To Keep FFR Low 0

    By Steven K. Beckner

    NEW YORK (MNI) - Boston Federal Reserve Bank President Eric Rosengren said Tuesday the Fed is still falling short of both its employment and inflation goals and therefore has room to keep short-term interest rates low.

    Rosengren, who will be a voting member of the Fed's policymaking Federal Open Market Committee next year, did not say when the FOMC should begin raising the federal funds rate from near zero, but strongly suggested the FOMC should not do so at its Sept.

  • Tuesday, September 1, 2015 - 14:13 BOC State of Play: Upward Prospects May Dim Chances Of BOC Cut 0

    By Courtney Tower

    OTTAWA (MNI) - While the stronger-than-expected June GDP rebound and second quarter GDP contraction are not by any means overwhelming, they could lower the sense of urgency for the Bank of Canada to act to further stimulate the economy, especially if the July trade data due Thursday point to further improvement on the export front and Friday's employment data show a resilient labor market.

    Earlier Tuesday, Statistics Canada reported a 0.5% GDP growth in June, beating analysts' expectations, although that was not enough to prevent the second quarter GDP from recording a contraction of 0.5% that put an end to five consecutive months of declines.

  • Tuesday, September 1, 2015 - 13:14 US Aug Mfg Slips, but Overall growth 'modest'- ISM's Holcomb 0

    --August ISM Manufacturing Index 51.1, down from 52.0 in July
    --Exports down three straight months
    --New orders down sharply

    WASHINGTON (MNI) - U.S. manufacturing slowed in August to its weakest pace in two years, held down by weaker orders and slowing exports, a survey released Tuesday showed, though growth overall was "modest."

    The Institute of Supply Management, which put out the survey, said its index of manufacturing activity fell to 51.1% in August from 52.7% the prior month. The index came short of the MNI forecast of a slight drop to 52.5%. A reading above 50.0% signals growth in...

  • Tuesday, September 1, 2015 - 13:10 Boston Fed Rosengren: Rate Hikes to Be Gradual, End Lower 0

    --Global, Market Events May Hurt Growth, Weaken Inflation Confidence

    By Steven K.