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Economic Regions BRICS

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  • BEIJING— China's slump is shaking the world economy, turning a country long seen as a growth engine into a possible threat. The party's plans call for keeping economic growth close to 7 percent this year while China shifts from reliance on trade and investment to more self-sustaining growth based on domestic consumption. "There are pockets of extreme weakness...

  • *Beijing acted after Chinese shares plunged again overnight. NEW YORK, Aug 25- Stocks, oil prices and safe-haven bond yields rose on Tuesday as a tentative market rebound picked up pace after China cut interest rates and banks' reserve requirements to kick-start its wavering economy. The dollar motored ahead against most major currencies, rising 1 percent...

  • *ECB vice president: China's stock market relatively small. MANNHEIM, Aug 25- The European Central Bank's vice president sought to play down a crash in China's stock market, saying the ripple effects may be limited and it was too early for the ECB to react. Vitor Constancio made the remarks on Tuesday after China's central bank cut interest rates, ratcheting up...

  • *China stock indexes fell more than 7 pct before cut. BEIJING, Aug 25- China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stumbling economy and a plunging stock market that has sent shockwaves around the globe. Global shares, bond yields and oil prices all...

  • *Shanghai index crashes through key 3,000- point level. *RRR cut unleashes 650 billion yuan into economy- analyst. SHANGHAI, Aug 25- China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent...

  • LONDON, Aug 25- Copper prices rose on Tuesday after China cut its benchmark interest rates, raising hopes the move will help bolster economic growth and increase demand in the world's largest consumer of industrial metals. China's central bank cut interest rates and banks' reserve requirements to boost liquidity and said the world's second-biggest economy...

  • BEIJING, Aug 25- China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe. "Frankly this shows a bit of panic in my mind," said Andrew Polk, resident economist at the...

  • BEIJING— China cut interest rates for a fifth time in nine months Tuesday in a new effort to shore up slowing economic growth, and its top economic official tried to dispel fears its yuan might fall further in value. The benchmark rate for a one-year loan will be cut by 0.25 percentage points to 4.6 percent and the one-year rate for deposits will fall by a similar...

  • For most of the day, it appeared that the market had shaken off some of its worries about the slowdown in China, and at one point the Dow was up by as much as 441. But then sell orders began pouring in in the last 15 minutes of trading. The rally came after China lowered interest rates to try to boost the world's second-biggest economy. "The return to a more traditional...

  • *MSCI's broadest index suffers biggest loss in 4 years. Japan's Nikkei index fell 3.8 percent to six-month lows while the MSCI's broadest index of Asia-Pacific shares outside Japan hit fresh three-year lows. Underlining concerns about China, Japanese Finance Minister Taro Aso said on Tuesday he hoped China would take action to stabilise its economy and that...

  • "If you can find high-quality stocks that go on sale, take advantage and get in there," said Hodges, who bought shares of Owens Corning and other housing-related companies for his $2 billion Hodges Small Cap fund. Markets from Shanghai to Paris to New York are tumbling on worries about a sharp slowdown in growth from China, the world's second-largest economy.

  • WASHINGTON— China is exporting something new to the world economy: Fear. And they're fast losing confidence that China's policymakers, seemingly so sure-footed in the past, know how to solve the problem. The free-fall in the stock markets, in the words of David Kelly, chief global strategist at JP Morgan Funds, is "Made in China."

  • Why stocks are tumbling 6 years into the bull market Monday, 24 Aug 2015 | 7:40 AM ET

    NEW YORK— Well, that was fun while it lasted. That was its worst weekly slump since 2011. U.S. stock futures Monday are indicating another steep decline that could pull the index into what Wall Street calls a "correction," or a fall of 10 percent from a recent high. The big trigger for selling last week was yet more evidence of a slowdown in China's economy, but there were...

  • MOSCOW— Kazakhstan's currency recovered some of last week's massive losses against the dollar on Monday, with a rise of over 10 percent Monday. Central Asian oil producer Kazakhstan's economy has been under pressure from the low oil price and slowdowns in neighboring China and Russia. Last week, Kazakhstan's president Nursultan Nazarbayev, who has held power...

  • China in focus as markets in turmoil. MADRID, Aug 24- Markets are watching for China's next move as signs of a slowdown in the world's second-largest economy stack up, raising expectations it will act to stoke growth. A looming snap election in Greece and a closely watched conference hosted by the Federal Reserve in the United States are also likely to keep...

  • LAUNCESTON, Australia, Aug 24- With the prices of many major commodities currently plumbing depths last seen six years ago, what are the chances of a repeat of the China- led boom that lifted resources out of the 2008 recession funk? So far it has dropped about 52 percent from the last year's peak in June to the close of $45.46 a barrel on Aug. 21. Benchmark London copper...

  • The safe-haven yen rallied and key government bonds were bought from the widespread unrest in the financial markets, set in motion nearly two weeks ago when China devalued its currency and generated fears about the state of its economy. Fears of a China- led global economic slowdown drove Wall Street to its steepest one-day drop in nearly four years on Friday...

  • But with China now in a slump and the value of its currency the most recent casualty, Otis and other manufacturing companies staking much on Asia's biggest economy now face a moment of reckoning. After saying for years that increased urbanization would propel growth in China, parent company United Technologies Corp., based in Hartford, cut its expected revenue...

  • *China in focus after weak manufacturing data. MADRID, Aug 21- Markets will be watching for China's next move as signs of a slowdown in the world's second-largest economy stack up, raising expectations it will act to stoke growth. A looming snap election in Greece and a closely watched conference hosted by the Federal Reserve in the United States are also likely to...

  • Russia pressures exporters to sell foreign currency Sunday, 23 Aug 2015 | 6:58 AM ET
    Russian Prime Minister Dmitry Medvedev

    The Russian government has resumed pressure on exporters to sell foreign currency, the Financial Times reports.