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Economic Regions BRICS

  • SHANGHAI, July 28- China stocks ended higher on Friday, with the Shanghai benchmark index recording the sixth consecutive week of gains, bolstered by recent solid economic data and the country's pledge to persist with supply-side reforms. The International Monetary Fund said on Monday it now expected stronger growth of 6.7 percent in China in 2017, while a...

  • *China H1 truck sales up over 22 percent year-on-year. Diesel demand in China is expected to grow by up to 0.3 percent in 2017 and by 0.5 percent in 2018 after shrinking by 3.5 percent last year, said Sri Paravaikkarasu, the head of' east of Suez oil' at energy consultancy FGE. "A variety of factors- improvement in mining and industrial activity, commercial vehicle sales...

  • MOSCOW- Central Bank of Russia interest rate decision 1030 GMT. TUESDAY, AUGUST 1 SYDNEY- Reserve Bank of Australia holds monetary policy decision meeting- 0430 GMT. PRAGUE- Czech National Bank holds Monetary Policy Meeting.

  • DALLAS— In a story July 26 about a protest by American Airlines employees, The Associated Press misspelled the name of a union official. American Airlines workers protest over pay, outsourcing. DALLAS— Several hundred workers who maintain American Airlines planes picketed Wednesday at the carrier's home airport, calling for higher pay and an end to shifting...

  • RIO DE JANEIRO— Brazil's Attorney General's office announced on Tuesday that it has tripled its 2018 budget for the investigation into a sprawling corruption scandal that has engulfed political and business leaders across Latin America. High-profile targets of the investigation include former President Luiz Inacio Lula da Silva, former lower house...

  • *Fed begins two-day meeting later in the global session. SINGAPORE, July 25- The dollar pulled away from a 13- month low against a basket of currencies on Tuesday, trying to shake off a recent selloff after upbeat U.S. economic data as investors awaited this week's Federal Reserve meeting for clues on the timing of its next policy tightening. The dollar index, which...

  • KUALA LUMPUR, July 24- The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the euro zone and China. In an updated World Economic Outlook released on Monday in Kuala Lumpur, the IMF said global gross domestic product would grow 3.5 percent in 2017 and 3.6...

  • MEXICO CITY, July 24- Mexican stocks rose to a record high, backed by forecasts for strong earnings reports this week, while yields on Brazilian interest rate futures dipped on bets the central bank will cut rates aggressively this week. But shares of Coca-Cola Femsa, the world's largest Coke bottler, fell more than 5 percent after the company said it was poised to...

  • MOSCOW, July 24- Russia's central bank is expected to leave its key rate unchanged on Friday, opting for a cautious approach given the risk of new U.S. sanctions and a possible spike in food prices, a Reuters poll showed on Monday. The number of those who expect the central bank to hold rates after cutting them by 25 basis points last month increased after the White...

  • *Oil rallies as Saudi Arabia vows to cap exports. LONDON, July 24- The euro hit an almost two-year high against an ailing dollar on Monday, largely shrugging off data showing euro zone business growth slowed last month and weighing on exporters' shares. The euro touched $1.1684 in Asian trade, before pulling back to trade at $1.1648, down 0.2 percent on the day.

  • KUALA LUMPUR, July 24- The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the eurozone and China. "While risks around the global growth forecast appear broadly balanced in the near term, they remain skewed to the downside over the medium term," the IMF said...

  • KUALA LUMPUR, July 24- The International Monetary Fund on Monday kept its growth forecasts for the world economy unchanged for this year and next, although it slightly revised up growth expectations for the eurozone and China. In its updated World Economic Outlook, the IMF said global gross domestic product would be 3.5 percent in 2017 and 3.6 percent in 2018.

  • *China revised June dollar-denominated exports 11.3 percent y/y (prelim +11.3 percent y/y). *China revised June dollar-denominated imports 17.2 percent y/y (prelim +17.2 percent y/y). *China revised June trade balance $42.75 billion (prelim.

  • BEIJING— Is the outsize role played by China's government in its economy to blame for its multibillion-dollar trade surpluses with the United States? But economists say while Beijing hampers access to its markets, the bulk of China's trade surplus stems from its role in complex global manufacturing chains instead of trade policy. But tensions bubbled up this...

  • TOKYO, July 21- The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn, while a solid global economic outlook kept Asian share prices near decade highs. "Although bond markets didn't take his comments as something particularly new, the currency market...

  • WASHINGTON, July 20- Seeking a more positive spin on U.S.- China economic talks viewed as ending in discord, China said on Thursday that the two sides agreed to "active and effective measures" to reduce global excess steel production capacity. Their statement did not mention steel and cited only one point of consensus, a "shared objective" to work towards reducing...

  • Benchmark copper on the London Metal Exchange was up 0.2 percent at $5,972 at 1045 GMT, close to Monday's high of $6,022.50- the first rise above $6,000 since March 2. "There's still a halo effect from the stronger-than-expected Chinese numbers," ETF Securities analyst Nitesh Shah said. CHINA ECONOMY: The Asian Development Bank raised its 2017 and 2018 growth...

  • *China set to become world's largest card market by 2020. HONG KONG, July 20- U.S.-based payment card companies, including American Express, MasterCard and Visa, are preparing to submit license requests to operate in China within months, according to three people with direct knowledge of the matter. The move comes against a backdrop of growing economic friction...

  • *No new major steps to reduce U.S. trade deficit with China. *China, U.S. say still share lower trade deficit goal. WASHINGTON, July 20- The United States and China failed on Wednesday to agree on major new steps to reduce the U.S. trade deficit with China, casting doubt over President Donald Trump's economic and security relations with Beijing.

  • *No new major steps to reduce U.S. trade deficit with China. *China, U.S. say still share lower trade deficit goal. WASHINGTON, July 19- The United States and China failed on Wednesday to agree on major new steps to reduce the U.S. trade deficit with China, casting doubt over President Donald Trump's economic and security relations with Beijing.