How a Dovish Draghi Shored Up Wall Street


How a Dovish Draghi Shored Up Wall Street
BY KATY BURNE AND JUSTIN BAER
The Wall Street Journal Europe
Jul 23 2014

The burst of trading that helped save Wall Street’s second quarter started with comments made by a central banker an ocean away. European Central Bank President Mario Draghi’s dovish remarks on June 5 about how the ECB plans to fight low inflation…read more…

In Challenge to Iraq, Kurds Pin Future on Oil Sales


In Challenge to Iraq, Kurds Pin Future on Oil Sales
By Emre Peker, Sarah Kent and Joe Parkinson
The Wall Street Journal Europe
Jul 23 2014

Shortly before midnight, an oil tanker set sail from Turkey’s Ceyhan port one day in late May with a historic, $100 million cargo. The tanker, United Leadership, ferried the first major consignment of Kurdish crude into the Mediterranean that night, a…read more…

Iraqi Leader Loses Backing for New Term


Iraqi Leader Loses Backing for New Term
BY NOURMALAS
The Wall Street Journal Europe
Jul 23 2014

BAGHDAD—Iraqi Prime Minister Nouri al-Maliki is losing political support for his bid for a third term from core backers, including the country’s Shiite religious establishment and ally Iran, say Iraqi officials. The shift, officials said, is prompting…read more…

EU Foreign Ministers Toughen Sanctions on Russia


EU Foreign Ministers Toughen Sanctions on Russia
BY NAFTALI BENDAVID AND MATTHEW DALTON
The Wall Street Journal Europe
Jul 23 2014

BRUSSELS—European Union foreign ministers on Tuesday toughened sanctions on Russia following the crash of Malaysia Airlines Flight 17 in eastern Ukraine, and they threatened trade restrictions on defense and other items if Moscow doesn’t cooperate on…read more…

Jump in Gasoline Prices Behind Pickup in Inflation


Jump in Gasoline Prices Behind Pickup in Inflation
BY BEN LEUBSDORF
The Wall Street Journal Europe
Jul 23 2014

U.S. consumer inflation continued to stiffen last month but largely decelerated outside a jump in gasoline prices, and food costs in particular slowed after surging in recent months. The consumer-price index for June, released Tuesday by the Labor…read more…

Saudis Will Open Stock Market to The World


Saudis Will Open Stock Market to The World
BY NIKHIL LOHADE
The Wall Street Journal Europe
Jul 23 2014

DUBAI— Saudi Arabia plans to open its $ 530 billion stock market to foreigners for the first time early next year, a move that will allow the Middle East’s biggest economy to attract international investment and reduce its dependence on oil. The…read more…

Condo Builders Spark A Land Rush in Miami


Condo Builders Spark A Land Rush in Miami
BY ROBBIEWHELAN AND ARIAN CAMPO-FLORES
The Wall Street Journal Europe
Jul 23 2014

MIAMI—At the height of the real- estate boom in 2006, Ugo Colombo, an Italian- born developer, bought a stake in an empty plot of land along the Miami River, facing Biscayne Bay, in a deal that valued the site at roughly $ 25 million. Last week, Mr….read more…

Bearish Euro Bets Take Time To Pay Off


Bearish Euro Bets Take Time To Pay Off
— Richard Barley
The Wall Street Journal Europe
Jul 23 2014

They say patience is a virtue. Investors betting on a weaker euro have had to be patient indeed. But the tide may slowly be turning in their favor. So far, virtue has had largely to be its own reward for euro bears. The single currency has fallen just…read more…