By Michael J. Casey and Alen Mattich WRAP: Services-sector purchasing managers’ indexes have arrived in the wake of the manufacturing PMIs released earlier in the week, and they really do present a mixed bag. The eurozone’s took a worrying turn…

[Dow Jones]–The deflationary effects of a falling oil price will force the ECB to broaden its asset purchase program to include corporate and soveriegn bonds, UBS says. The Swiss bank leaves behind a dwindling group of analysts who think the…

[Dow Jones]–The deflationary effects of a falling oil price will force the ECB to broaden its asset purchase program to include corporate and soveriegn bonds, UBS says. The Swiss bank leaves behind a dwindling group of analysts who think the…

By Jonathan Cheng And Rick Carew  SEOUL–A small toy maker offers a holiday lesson for South Korea Inc.’s ambitions to climb the manufacturing value chain. For most of its 35-year history, Young Toys Inc. manufactured and imported action figures like…

BAGHDAD–The Iraqi government agreed Tuesday to an oil export deal with the northern region of Kurdistan, signaling an end to a yearslong political impasse that has nearly bankrupted both governments and hobbled efforts to fight the Islamic State insurgency. The…

By Jack Hough   Apple owned the smartphone market this year while Samsung came up short. Expect a closer contest in 2015 and a better performance for Samsung shares. This year, Apple’s iPhone 6 stood apart from its predecessor with…

Federal Reserve Vice Chairman Stanley Fischer on Tuesday said the timing of the first increase in interest rates remains dependent on broader economic data.  “If the labor market continues to strengthen, and if we see some signs of inflation beginning…

Investors have been better off buying high-grade corporate bonds compared to Treasurys so far in 2014. This year through Monday, US investment-grade corporate bonds have handed investors a total return–which includes price changes and interest payments–of 7.1%, compared to 4.79%…