News

Currency Woes Batter Europe’s Industrial Giants

Weak Emerging-Market Currencies Join With a Surging Euro to Hamper Results PARIS—Europe’s biggest industrial groups, pained for years by the continent’s flagging economy, have a new headache: wildly fluctuating currencies in emerging markets. Many companies sought growth outside of...

28
Oct

Asian Junk-Bond Market Revives

High-Yield Debt Is in Demand Again After Summer Lull   Risky bonds are making a comeback in Asia after falling out of favor over the summer, as recent developments in the U.S. have prompted investors to embrace increased risk...

23
Oct

Employers Add 148,000 Jobs; Unemployment Falls to 7.2%

Figures Come In Below Economists’ Expectations WASHINGTON—U.S. employers added 148,000 jobs in September, less than expected, in a sign that hiring stumbled heading into Washington’s latest round of budget battles. The Labor Department’s latest job-market snapshot showed payrolls rising at...

22
Oct

Australia to Raise Debt Ceiling

Move to Raise Debt Ceiling to $483 Billion as Mining Slowdown Bites SYDNEY—Australia’s new conservative government said it would seek to raise the ceiling on government borrowing to fund its policies and day-to-day operations, highlighting the dire state of...

22
Oct

Congress Passes Debt, Budget Deal

Bill to Reopen Government Through Jan. 15, Lift Debt Ceiling Until Feb. 7 A potentially crippling U.S. debt default was averted late Wednesday, as Congress passed legislation to break a political showdown that had rattled financial markets, splintered the...

17
Oct