Economic Regions BRICS

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  • *Asian shares inch up led by Japan, Australia. Australia and Japan leading regional markets with gains of more than 1 percent each, while Chinese stocks slipped in early trade. "In the short term, the surprise move by Japan will be a catalyst for global equities but it only underlines the weakness of the global economy and we need to see some strong economics data for a...

  • Chinese manufacturing index at weakest since 2012 Sunday, 31 Jan 2016 | 9:43 PM ET

    It was the sixth straight month of deteriorating conditions in China's massive manufacturing sector, which employs many millions of workers. China's economic growth has been steadily falling for the past half-decade as Beijing attempts to wean the economy off a tired model based on exports and investment in infrastructure in favor of domestic...

  • Business events scheduled for the coming month Friday, 29 Jan 2016 | 2:03 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. BERLIN— Germany's Federal Labor Agency releases January unemployment figures for Europe's biggest...

  • Business events scheduled for the coming week Friday, 29 Jan 2016 | 1:22 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. BERLIN— Germany's Federal Labor Agency releases January unemployment figures for Europe's biggest...

  • LONDON, Jan 29- If there were any suggestion that the fears that have gripped stock markets since the start of 2016 were the isolated stuff of paranoid financial investors, that evaporated with Friday's shocking meeting of the Bank of Japan. Instead, first the ECB's Mario Draghi and now the BoJ's Haruhiko Kuroda, stunning economists by cutting interest rates...

  • PAVLISHCHEVO, Russia— For Olga Druganina, Russia's economic turmoil has been a great business opportunity. Four years ago, the former employee at an industrial machines company began to develop her modest farm near Moscow as a business. First came President Vladimir Putin's sanctions on U.S. and European Union food products in 2014, a response to...

  • BEIJING, Jan 29- China had a wider fiscal deficit in 2015 than a year earlier as it jacked up spending to cushion an economic slowdown and government revenue grew by the smallest percentage in 27 years, Finance Ministry data showed on Friday. For 2014, China reported a deficit of 1.131 trillion yuan, less than half of last year's size. The ministry- which did not...

  • It's a tough place for EM: JP Morgan CIO Friday, 29 Jan 2016 | 3:00 AM ET
    It's a tough place for EM: JP Morgan CIO

    Richard Titherington, CIO & Head of EM & APAC equities for J.P. Morgan Asset Management, says there are some attractive valuations in emerging markets despite their current weakness.

  • SEOUL, South Korea— Tokyo stocks finished nearly 3 percent higher on Friday while the yen dived after after the country's central bank introduced a negative rate interest policy to boost the economy after previous stimulus efforts produced indifferent results. Other Asian markets were higher after China's top economy official said there is no basis for the...

  • SYDNEY, Jan 29- Asian shares jumped on Friday and the yen swooned after the Bank of Japan stunned markets by adopting negative interest rates in its boldest step yet to reinflate the long-languishing economy. The yen fell across the board and sovereign bonds rallied after Japan's central bank said it would charge 0.1 percent for excess reserves parked with the...

  • MOSCOW— Russians who took out mortgages denominated in a foreign currency are protesting at their banks to demand that the loans be restructured. Groups of a few dozen mortgage holders held protests Thursday at several banks in Moscow and St. Petersburg. President Vladimir Putin's spokesman, Dmitry Peskov, said the Kremlin was following the situation, but...

  • Oil producer Azerbaijan in talks for international aid Thursday, 28 Jan 2016 | 6:29 AM ET

    BAKU, Azerbaijan— Representatives from the International Monetary Fund and World Bank arrived in Azerbaijan on Thursday to discuss financial support for the oil producing country's ailing economy. "The World Bank and the IMF are in active dialogue with the government of Azerbaijan, discussing both immediate and longer-term measures in response to the...

  • *China's main indexes have lost $2 trillion in 2016. *People's Daily says market ructions do not reflect economy. SHANGHAI, Jan 28- China's volatile shares tumbled again on Thursday, taking losses this month to about 25 percent or 13 trillion yuan, while state media insisted that the market ructions did not reflect the real economy.

  • SAO PAULO, Jan 28- Debt restructuring firms are poised to pull in record amounts of business in Brazil this year as the country's worst recession in decades and a corruption probe that has cast a shadow over dozens of companies leads to a surge in defaults. Scenting an opportunity, U.S. restructuring shops including FTI Consulting Inc, Houlihan Lokey Inc, and...

  • *China's main indexes have lost $1.8 trillion in 2016. *People's Daily says market ructions do not reflect economy. SHANGHAI, Jan 28- China's volatile shares were lower again on Thursday, taking losses this month to about 23 percent or 12 trillion yuan, while state media insisted that the market ructions did not reflect the real economy.

  • Fed voices concern about global economic pressures Wednesday, 27 Jan 2016 | 2:02 PM ET

    WASHINGTON— The Federal Reserve sounded a note of concern Wednesday about how global pressures could affect the U.S. economy, while keeping a key interest rate unchanged. Sam Stovall, U.S. equity strategist at S&P Capital IQ, said investors had been hoping for a "clear signal" that the Fed would raise rates more gradually for the rest of the year and were...

  • Since the Fed increased rates Dec. 16 from record lows, stock markets have plunged, oil prices have skidded and China's leaders have struggled to manage a slowdown in the world's second-biggest economy. China has unnerved investors because of an economic slowdown that Beijing seems incapable of steering properly. The country's decelerating growth has...

  • SAO PAULO, Jan 26- Most Latin American currencies strengthened on Tuesday as oil prices rose above $30 per barrel, fostering demand for commodity-linked assets. "Oil prices remain the main driver of currency movements this year," said Glauber Romano, a trader at Intercam brokerage in Sao Paulo. Mexico's central bank governor Agustin Carstens said over the...

  • BUCHAREST, Romania— Romania offered Moldova emergency economic aid and a loan of 60 million euros on Tuesday in hopes of preventing economic collapse and keeping the impoverished ex-Soviet republic on a pro-European course. "Romania is clearly by Moldova's side," added Romanian President Klaus Iohannis, who met with Moldova's Prime Minister Pavel Filip in...

  • Shanghai dive leads global stock markets lower Tuesday, 26 Jan 2016 | 1:19 AM ET

    TOKYO— Global stock markets sank Tuesday, led by a plunge in the Shanghai index, after a renewed slump in the price of oil kept investors on edge about the world economy. KEEPING SCORE: France's CAC 40 fell 1.7 percent in early trading to 4,239.19 and Germany's DAX lost 1.4 percent to 9,598.50. Britain's FTSE 100 slipped 1.4 percent to 5,793.98.