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Economic Regions BRICS

  • SHANGHAI, May 17- China's yuan firmed against the U.S. dollar on Wednesday after the central bank fixed its daily midpoint at the strongest level in three months, but the renminbi slid to new lows against currencies in a trade-weighted basket. The People's Bank of China set its official midpoint at 6.8635 per dollar prior to the market open on Wednesday, its...

  • BRASILIA, May 16- Brazil added a net 59,856 payroll jobs in April, its labor ministry said on Tuesday, marking the second month of job creation this year as the economy starts to slowly emerge from its deepest recession ever. Brazilian companies typically add thousands of new positions in April, which coincides with the height of the harvest season in Latin...

  • BERLIN, May 16- The world's 20 biggest economies must jointly tackle the causes of imbalances on global steel markets, German Economy Minister Brigitte Zypries told Reuters on Tuesday, adding she had addressed the issue also in talks with Chinese counterparts. Zypries said she had addressed the issue of overcapacity in China and the imbalance it creates on...

  • The European Union statistics office Eurostat said on Tuesday the 19- country currency area recorded a 30.9 billion euro surplus in March in its goods trade balance with states outside the bloc, according to data not adjusted for seasonal factors. The EU increased its exports to all major trade partners in the first quarter of this year, with a 28 percent surge...

  • BEIJING— When the sister of President Donald Trump's son-in-law Jared Kushner promoted investment in her family's new skyscraper from a Beijing hotel ballroom stage earlier this month, she was pitching a controversial American visa program that's proven irresistible to tens of thousands of Chinese. She used the money from the sale to invest $500,000 in a...

  • HONG KONG, May 16- London copper fell on Tuesday as worries about China's slowing economic growth and tighter capital markets in the world's top metals consumer triggered a wave of risk-off selling in metals. *China's growth took a step back in April after a surprisingly strong start to the year, as factory output to investment to retail sales all tapered off as...

  • BEIJING, May 15- China's growth took a step back in April after a surprisingly strong start to the year, as factory output to investment to retail sales all tapered off as authorities clamped down on debt risks in an effort to stave off a potentially damaging hit to the economy. Waking up to the systemic threat posed by cheap credit-fueled stimulus since the 2008-9...

  • BEIJING, May 14- Chinese Premier Li Keqiang said on Sunday that China is capable of maintaining stability in its financial markets. China will also strike a balance between financial stability, gradual deleveraging and steady economic growth, Li said during a meeting with International Monetary Fund's Managing Director Christine Lagarde on the sidelines...

  • WASHINGTON— Lawyers for President Donald Trump said Friday that a review of his last 10 years of tax returns did not reflect "any income of any type from Russian sources," but their letter included exceptions related to previously cited income generated from a beauty pageant and sale of a Florida estate. The attorneys did not release copies of Trump's tax returns,...

  • SAO PAULO, May 12- Brazilian stocks rose on Friday for the fourth straight day as Petroleo Brasileiro SA shares hit an 11- week high after the state-controlled oil company reported its strongest operating profit ever. In Mexico, Economy Minister Ildefonso Guajardo said he expected negotiations on the North American Free Trade Agreement with the United...

  • WASHINGTON— Lawyers for President Donald Trump said Friday that a review of his last 10 years of tax returns did not reflect "any income of any type from Russian sources," but their letter included exceptions related to previously cited income generated from a beauty pageant and sale of a Florida estate. The attorneys did not release copies of Trump's tax returns,...

  • LONDON, May 12- Setting aside a few uncomfortable economic truths such as the increasing U.S. skills gap, eye-wateringly high unemployment in parts of the euro zone, and growing income inequality in China, the world economy has been doing pretty well this year. In the euro zone, growth is robust enough for the European Central Bank to think about dropping public...

  • HONG KONG, May 12- Slowing growth in many economies and tightening credit in top metals consumer China are clouding the outlook for copper demand, industry officials and analysts said this week. "I don't feel strongly there will be a rebound," said Shengzhang Luo, general manager at Chinese metals trader Jinchuan Maike Metal Resources Co.. Looking at China,...

  • BEIJING— China will seek to burnish President Xi Jinping's stature as a world-class statesman at an international gathering centered on his signature foreign policy effort that envisions a future world order in which all roads lead to Beijing. Leaders from 28 countries are set to attend, including Presidents Vladimir Putin of Russia and Rodrigo Duterte of...

  • SHANGHAI, May 12- Shanghai stocks bounced on Friday, but still posted a fifth straight week of losses amid lingering worries over economic growth and regulatory measures aimed at curbing risky lending and speculation. The data reinforced analysts' views that China's economic expansion is starting to moderate after a surprisingly strong start to the year.

  • SHANGHAI, May 12- China's yuan firmed against the U.S. dollar on Friday after the central bank fixed a stronger midpoint, while easing liquidity pressure in the money market had minimal impact, traders said. China's central bank injected fresh funds through a medium-term lending facility on Friday while keeping a tight rein on short-term funding in what...

  • ISTANBUL/ MOSCOW, May 11- Turkey resumed wheat imports from Russia on Monday, Turkish Economy Minister Nihat Zeybekci told Reuters on Thursday, just a few days after the trade dispute between the two countries was settled. The dispute, which had brought Russia's grain supplies to Turkey to a virtual standstill, was resolved at the meeting of the presidents of the...

  • BRUSSELS, May 11- The European Union and China will hold a summit in Brussels on June 2, four EU officials said, the first since the election of U.S. China asked that the annual the summit, normally held in mid-July, be brought forward to press home President Xi Jinping's defence of open trade at the World Economic Forum in Davos in January, in response to Trump's...

  • BRASILIA, May 10- Brazil's annual inflation rate fell in April to its lowest level in nearly 10 years, bolstering the view of a steep interest rate cut by the central bank at the end of this month. It marked the lowest annual inflation rate in Brazil since July 2007. Annual inflation has tumbled rapidly from a 12- year peak of 10.7 percent in January 2016 as the worst...

  • BEIJING, May 10- China's April producer price inflation cooled more than expected in a sign manufacturing activity may be losing momentum along with other sectors of the economy as domestic demand remains muted and the government cracks down on financial risks. A renaissance in China's steel industry has been a major driver of the world's second-largest...