• Wednesday, September 2, 2015 - 16:56 US Tsy's Lew/CNBC: Will Hold China Accountable on FX Reforms 0


    --China Must Continue to Move in Positive Direction

    WASHINGTON (MNI) - The U.S. will hold China accountable for the actions its takes of foreign exchange policy, Treasury Secretary Jack Lew said Thursday, adding that the country needs to send clear signals about its intentions by the actions it takes.

    "They have to be very clear that they're continuing to move in a positive direction and we are going to hold them accountable," Lew said on snippet of a pre-taped interview wtih CNBC that will air Thursday at 6:00 a.m.

  • Wednesday, September 2, 2015 - 14:50 US Hill Talks On Customs Bill to Deal W/Currency Manipulation 0


    --House-Senate Conference Committee Will Meet On Customs Bill
    --Lawmakers Are Likely To Discuss China's Recent FX Moves

    WASHINGTON (MNI) - As congressional leaders and the Obama administration worked feverishly this spring to pass legislation renewing Trade Promotion Authority for the president, they confronted several controversial amendments dealing with currency manipulation.

    Wanting to get the matter out of the way and believing that currency manipulation was "yesterday's issue" especially as it pertained to China, they tossed the topic to another bill.

    They agreed to allow a hard hitting currency amendment to...

  • Wednesday, September 2, 2015 - 14:00 Fed Beige Book: Econ Expanding in Most Regions - Text 0


    --Report Prepared by Boston Federal Reserve Bank

    WASHINGTON (MNI) - The following is an excerpt from the summary of the Federal Reserve's report on Current Economic Conditions, known as the beige book, released Wednesday:

    Reports from the twelve Federal Reserve Districts indicate economic activity continued expanding across most regions and sectors during the reporting period from July to mid-August. Six Districts cited moderate growth while New York, Philadelphia, Atlanta, Kansas City, and Dallas reported modest increases in activity. The Cleveland District noted only slight growth since the last report. In most cases, these recent results represented a continuation of the overall pace reported in the...

  • Wednesday, September 2, 2015 - 13:00 Analysts: Worst For Canada Growth Behind; China, Oil Key Risks 0


    By Yali N'Diaye

    OTTAWA (MNI) - After two consecutive quarters of declines, analysts believe the Canadian economy will pull out of negative territory as the worst now seems behind.

    The main downside risks to Canada's growth outlook comes from oil prices and uncertainty about China's economic performance and demand for commodities.

  • Wednesday, September 2, 2015 - 12:16 Moody's:HY Lqdty Stress Spikes But No Broad Contagn From Enrgy 0


    By Yali N'Diaye

    OTTAWA (MNI) - U.S.

  • Wednesday, September 2, 2015 - 11:35 U.S. Crude Inventories Rise 4.7 Million Barrels Last Week- EIA 0


    --Crude Inventories Rise to 455.4 Million Barrels in Week Ending Aug. 28
    --Crude Imports at 7.9 Million Barrels/day, Up 656,000 Barrels/Day
    --Gasoline Production Up to 9.8 Million Barrels/day
    --Distillate Up to 4.9 Million barrels

    WASHINGTON (MNI) - U.S. crude oil inventories increased by 4.7 million barrels last week, but remained near levels not seen for this time of the year in around 80 years, the U.S. Energy Information Administration said Wednesday.

    At 455.4 million barrels last week, commercial crude stockpiles were up 1%, from the prior week...