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Economic Regions BRICS

  • SAO PAULO, May 25- Most Latin American currencies traded sideways on Thursday after the Federal Reserve dialed down some expectations that it would hike interest rates rapidly, while political uncertainty weighed on Brazilian markets. Also fostering caution in Brazilian markets was growing political turmoil resulting from a scandal in which President...

  • BEIJING— The International Monetary Fund said Thursday lenders have approved a $5.5 billion financing package for Mongolia to support reforms meant to revive economic growth and reduce reliance on mineral exports. The fund said it would provide $434 million to Mongolia over three years and others including the Asian Development Bank, the World Bank, Japan,...

  • TOKYO— While world attention has focused on Kim Jong Un's recent missile tests, a month-long surge in gasoline prices in Pyongyang is showing no signs of letting up— a puzzling problem that if allowed to drag on could be very bad news for the North Korean economy. That means North Korea now has some of the highest prices in the world for gasoline.

  • BERLIN, May 24- German trade with Russia flourished in the first three months of 2017 due to a recovery of the Russian economy, despite sanctions imposed over Moscow's role in the Ukraine conflict still being in place, data showed in Wednesday. German exports to Russia jumped 32 percent to 1.5 billion euros compared with the first quarter of the previous year,...

  • *Moody's says expects China growth to slow to close to 5 pct. *China: Moody's over-estimates risks, methodology inappropriate. "The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over the coming years, with economy-wide debt continuing to rise as potential growth slows," the ratings agency said in a statement,...

  • *Moody's says expects China growth to slow to close to 5 pct. SHANGHAI/ BEIJING, May 24- Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise. "The downgrade reflects Moody's...

  • MOSCOW, May 24- Russia's largest bank Sberbank made record quarterly profit of 167 billion roubles in the first three months of the year, helped by cheaper funding and risk management costs as the economy improved. State-controlled Sberbank has consistently outperformed since 2014, when the Russian economy fell into a deep slump as oil prices plunged and the...

  • KIEV, May 24- Ukraine needs more time to submit proposals for coal and gas projects to China in order to secure funding worth up to $3.65 billion as Kiev is unlikely to meet a June deadline, Deputy Prime Minister Stepan Kubiv told Reuters. Ukraine needs the money to revamp its energy infrastructure at a time when its economy is emerging from a deep recession and is...

  • *Moody's says expects China growth to slow to close to 5 pct. *China: Moody's over-estimates risks, methodology inappropriate. "The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over the coming years, with economy-wide debt continuing to rise as potential growth slows," the rating agency said in a statement,...

  • *S&P rates China one notch higher, on negative watch. SHANGHAI/ BEIJING, May 24- Moody's Investors Service downgraded China's credit ratings on Wednesday, saying it expects the financial strength of the world's second-biggest economy will erode in coming years as growth slows and debt continues to rise. The ratings agency also changed its outlook for China to...

  • BEIJING— The Moody's ratings agency on Wednesday cut China's credit rating due to surging debt, prompting a protest by Beijing and highlighting challenges faced by Communist leaders as they overhaul a slowing economy. Moody's last downgraded China's credit rating in November of 1989, months after the bloody crackdown on democracy protesters in Beijing's...

  • HONG KONG— Credit rating agency Moody's has cut its credit rating for China, citing slowing economic growth and rising debt that it says will erode the country's financial strength. Moody's said Wednesday that it is downgrading its long-term rating for China one notch to A1 from Aa3. Moody's said Beijing's economic reform program won't suffice to offset the...

  • SHANGHAI, May 24- Moody's Investors Services downgraded China's long-term local and foreign currency issuer ratings on Wednesday, citing expectations that the financial strength of the world's second-biggest economy would erode in the coming years. "The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over...

  • BEIJING, May 23- China's imports of North Korean goods in April fell below $100 million to the lowest in nearly three years, data showed on Tuesday, after China stopped buying coal from the isolated country and as calls mount for further economic sanctions. Neighbouring China is North Korea's biggest trade partner, and the data indicates that China's halt of...

  • BEIJING, May 23- China's imports of North Korean goods in April fell below $100 million to the lowest in nearly three years, data showed on Tuesday, after China stopped buying coal from the isolated country and as calls mount for further economic sanctions. Cho Bong- hyun, who heads research on North Korea's economy at IBK Bank in Seoul, said China's imports to North...

  • HANOI, May 22- Asian trade ministers met on Monday to discuss a proposed free trade deal that is backed by China and has been given new impetus by the U.S. withdrawal from the Trans-Pacific Partnership Agreement. The Regional Comprehensive Economic Partnership would create a free trade area of more than 3.5 billion people, bringing together China, India, Japan,...

  • HANOI, May 22- Asian trade ministers met on Monday to discuss a proposed free trade deal that is backed by China and has been given new impetus by the U.S. withdrawal from the Trans-Pacific Partnership Agreement. The Regional Comprehensive Economic Partnership would create a free trade area of more than 3.5 billion people, bringing together China, India, Japan,...

  • *China favours free trade deal for Asia. Robert Lighthizer met ministers from Canada and Japan on the sidelines of a gathering of Asia-Pacific Economic Cooperation countries in Vietnam's capital, Hanoi, the biggest trade meeting since Trump took office. Lighthizer has in the past criticized China for what he described as unfair practices, although Trump has...

  • *Japan and others push to revive TPP trade deal. *China favours free trade deal for Asia. Robert Lighthizer met ministers from Canada and Japan on the sidelines of a gathering of Asia-Pacific Economic Cooperation countries in Vietnam's capital, Hanoi, the biggest trade meeting since Trump took office.

  • *Japan and others push to revive TPP trade deal. *China favors free trade deal for Asia. Robert Lighthizer met ministers from Canada and Japan on the sidelines of a gathering of Asia-Pacific Economic Cooperation countries in Vietnam's capital, Hanoi, the biggest trade meeting since Trump took office.