China To Harden Its Military Posture


China To Harden Its Military Posture
BY CHUN HANWONG
The Wall Street Journal Europe
May 27 2015

BEIJING— China outlined plans to shift its armed forces’ focus toward maritime warfare and accused foreign countries of “meddling” in the South China Sea, setting the stage for a confrontation between senior U.S. and Chinese defense officials at a…read more…

U.K. Is Set To Lay Out Legislative Agenda


U.K. Is Set To Lay Out Legislative Agenda
BY JENNY GROSS
The Wall Street Journal Europe
May 27 2015

LONDON—British Prime Minister David Cameron’s government said plans to reduce taxes for low- income workers will be among the measures it will lay out on Wednesday in its legislative agenda for the parliamentary session. The government’s agenda, which…read more…

Health-Care Costs in U.S. Hinge on High Court Ruling


Health-Care Costs in U.S. Hinge on High Court Ruling
BY STEPHANIE ARMOUR
The Wall Street Journal Europe
May 27 2015

After the Affordable Care Act kicked in, Michael Kole’s monthly health- insurance premium to cover himself and his family grew to $848 from $513. Like others, he wasn’t happy about it. “It’s taking a lot out of pocket,” he said. The 52-year-old sales…read more…

IMF Says Yuan Is Now Fairly Valued


IMF Says Yuan Is Now Fairly Valued
BY MARK MAGNIER AND WILLIAM KAZER
The Wall Street Journal Europe
May 27 2015

BEIJING—China’s currency is no longer undervalued, given recent appreciation, but the government should more quickly loosen its controls on the exchange rate, a senior International Monetary Fund official said Tuesday. Speaking at the conclusion of an…read more…

Yen’s Resilience Causes a Shift in Bets


Yen’s Resilience Causes a Shift in Bets
BY JAMES RAMAGE
The Wall Street Journal Europe
May 27 2015

One of Wall Street’s favorite pastimes, betting against the Japanese yen, has lost its zing this year. Even after a tumble against the dollar on Tuesday, the yen is down only about 2.5% in 2015 against the greenback, following plunges of 12% in 2014…read more…

Stocks Take a Hit Along With Euro


Stocks Take a Hit Along With Euro
BY TOMMY STUBBINGTON — Josie Cox and Carla Mozee contributed to this article.
The Wall Street Journal Europe
May 27 2015

The euro fell to a one-month low against the dollar, and European stocks declined, amid doubts over Greece’s ability to repay its debts. In the U.S., stocks fell sharply as a mixed bag of data highlighted unease with the pace of economic growth. The…read more…

Spain’s Unfinished Crisis Drama


Spain’s Unfinished Crisis Drama
— Richard Barley
The Wall Street Journal Europe
May 27 2015

Spain’s bond-market crisis ended abruptly nearly three years ago. But the results of the weekend’s elections are a reminder that the effects of Spain’s economic crisis will be felt for years yet. Spain has been held up as an example of a country…read more…