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Economic Regions BRICS

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  • BEIJING, Aug 30- China's economy is growing at a "reasonable" pace and, despite growing pressure, the government can handle well the risks the country faces, Chinese Premier Li Keqiang said. Li said international market instability "has increased the uncertainties around the global economic recovery, and the impact on China's financial market and imports and...

  • CHARLESTON, S.C.— If there was ever a week for the Republican presidential candidates to talk tough on China, this was it. It's rhetoric that doesn't always square with the realities of the relationship between the world's two largest economies, said experts on America's ties with China, even if it does make for nifty campaign sound bites. "When you're in the early...

  • RIO DE JANEIRO— The bottom seems to have fallen out of Brazil's economy, with the government reporting Friday that the gross domestic product plunged 1.9 percent in the second quarter alone, once again throwing the nation into a technical recession. Like most Latin American nations, Brazil has been hurt by the plunge in commodity prices and the slowdown in China,...

  • SAO PAULO, Aug 28- Brazil's economy shrank 1.9 percent in the second quarter, sinking into a recession that has hammered the popularity of President Dilma Rousseff as she struggles to save the country's investment-grade credit rating amid a vast corruption scandal. "The drop in consumption shows the crisis of confidence the economy is facing," said Newton Rosa,...

  • SAO PAULO, Aug 28- Brazil's economy shrank 1.9 percent in the second quarter, sinking the country into a recession that has decimated the popularity of President Dilma Rousseff as she struggles to save the country's investment-grade credit rating amid a vast corruption scandal. The quarterly contraction, reported by government statistics agency IBGE on...

  • MOSCOW— Ukraine asked Russia on Friday for lower gas prices for the winter and said Moscow should accept to write off a part of its loans to Kiev, as other international bondholders did this week. Gas disputes between Russia and Ukraine have led to cut-offs of supply in the past, and one standoff in 2009 caused serious disruptions in gas flowing from Russia via...

  • Aug 28- China's central bank is highly likely to ease monetary policy again by the end of this year, according to economists surveyed by Reuters, as it seeks to support a rapidly cooling economy and calm financial markets. While prospects of further easing will calm investors who are jittery over the effects a China slowdown could have on global growth, some...

  • SHANGHAI, Aug 28- China's yuan rose sharply against the dollar on Friday, with traders citing large transactions by state-owned banks on behalf of the central bank to support the currency. "There were clear signs that the central bank was continuing intervening in spot trading to support the yuan," said a dealer at a major European bank in Shanghai.

  • Ukraine reaches debt relief deal with creditors Thursday, 27 Aug 2015 | 5:54 AM ET

    As part of the deal, investors who own Ukraine's bonds will write off 20 percent of their holdings, shrinking $19 billion in sovereign debt to $15.5 billion, Prime Minister Arseniy Yatsenyuk told the government. Ukraine will pay nothing on its bonds if its economy grows less than 3 percent annually. The IMF announced in February it would raise some $40 billion for...

  • SHANGHAI, Aug 27- China's yuan closed firmer against the dollar on Thursday as traders cited large transactions by state-owned banks possibly on behalf of the central bank, which supported the Chinese currency in both spot and derivative markets. "Major state banks did some large deals, supporting the yuan's value," said a dealer at a European bank in Shanghai.

  • The economy as measured by gross domestic product expanded at an annual rate of 3.7 percent in the April-June quarter, the Commerce Department reported Thursday. There's been a lot of reports in the news, stock markets swinging, worries about China and about Europe, "Obama said during a tour of New Orleans to see rebuilding efforts since Hurricane Katrina 10...

  • *China, El Nino pose risks to outlook. MANILA, Aug 27- The Philippine economy rebounded with growth of 5.6 percent in the second quarter, defying a regional slowdown thanks to robust government spending, but faltering exports and deepening economic woes in China tempered the outlook. While annual growth was the third-fastest in the region after China and Vietnam,...

  • Nikkei rises as Wall Street gains soothe sentiment Wednesday, 26 Aug 2015 | 10:19 PM ET

    TOKYO, Aug 27- Japan's Nikkei share average rose on Thursday after a strong rebound on Wall Street eased investors' fears of a prolonged global market rout. In a sign that the faltering Chinese economy and slumping oil prices could affect U.S. monetary policy, New York Fed President William Dudley said the prospect of a September rate hike seemed "less compelling"...

  • BERLIN, Aug 26- Germany's export exposure to China, for years a source of economic strength, is fast turning into a risk that raises questions about the health of other sources of growth in Europe's largest economy. For years, its EU peers tried- and failed- to match Germany's export prowess in China, where German companies profited from the infrastructure and...

  • Indian construction slowdown hits Modi's jobs promise Wednesday, 26 Aug 2015 | 9:00 AM ET

    He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the ground reality in Asia's third-largest economy is far from as rosy as official data suggests. The deepening downturn in India's crucial building sector makes it easily understandable why Prime Minister Narendra Modi's image as the...

  • *Paddy Power surges on Betfair merger plan. *Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON, Aug 26- The pan-European FTSEurofirst 300 index pared losses of nearly 3 percent on Wednesday, despite persistent concerns about China's economy, on hopes of further monetary support from the European Central Bank.

  • China's Xi staying the course despite sliding economy Wednesday, 26 Aug 2015 | 6:41 AM ET

    BEIJING— What does China's leadership lose politically as a result of the country's precipitous stock market decline? President Barack Obama and other world leaders at a global summit in Beijing and launched the Asian Infrastructure Investment Bank as China's alternative to Western-dominated institutions such as the World Bank and International...

  • *PBOC says "still downward pressure" on China growth. HONG KONG/ SHANGHAI, Aug 26- China's turbulent stock markets slipped again on Wednesday, as a double-barrelled blast of central bank stimulus failed to convince investors of Beijing's ability to jolt the world's second biggest economy out of its slowdown. The response from China's two main stock indexes- never...

  • *Euro, yen seen benefiting from risk aversion longer term. LONDON, Aug 26- The dollar cut gains against the safe-haven yen and euro on Wednesday, as Chinese and European stock markets lost ground despite China's easing measures, with most investors fretting over the outlook for the global economy. The euro briefly turned higher on the day, rising to $1.1515 in...

  • US stocks open sharply higher after 6-day slump Wednesday, 26 Aug 2015 | 2:14 AM ET

    TOKYO— Shares fell Wednesday in Europe and Asian markets were mixed as an initial burst of euphoria over an interest rate cut by China the day before succumbed to lingering worries over longer-term problems with its economy. Germany's DAX dropped 1.2 percent to 10,008.51, Britain's FTSE 100 slipped 1.4 percent to 5,997.09 and the CAC40 in France shed 1.3...