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Economic Regions BRICS

  • SHANGHAI, June 15- China stocks were little changed on Thursday on persistent fears that policy tightening measures will soon start to weigh on the country's economic growth, despite largely resilient data reported the previous day. China's central bank left interest rates for open market operations unchanged on Thursday, shrugging off an overnight...

  • SHANGHAI, June 15- China's central bank left interest rates for open market operations unchanged on Thursday, shrugging off an overnight increase in the U.S. Markets had been divided over whether the PBOC would raise short-term rates again in lockstep with the Fed, with those in the "hold" camp noting that China's short-term money rates and bond yields have...

  • *Hong Kong Monetary Authority expects increases in outflows. SHANGHAI, June 15- Hong Kong stocks fell to a three-week low on Thursday as borrowing costs in the city looked set to rise after a U.S. rate hike overnight, while shares in China slid on persistent fears that economic growth will soon start to cool. Hong Kong's benchmark Hang Seng index dropped 1.1 percent...

  • SHANGHAI, June 15- China's yuan edged up against the dollar on Thursday after the central bank set guidance at a fresh seven-month high following the U.S. However, China's central bank left interest rates for open market operations unchanged on Thursday, unlike in March, when it raised rates within hours of the Fed's move. Before the market open, the People's Bank...

  • SHANGHAI, June 15- China's central bank left interest rates for open market operations unchanged on Thursday, shrugging off an overnight increase in the U.S. Markets had been divided over whether the PBOC would raise short-term rates again in lockstep with the Fed, with those in the "hold" camp noting that China's short-term money rates and bond yields have...

  • BEIJING, June 14- China's economy generally remained on solid footing in May, but tighter monetary policy, a cooling housing market and slowing investment reinforced views that it will gradually lose momentum in coming months. China's fast start to the year led the International Monetary Fund on Wednesday to raise its 2017 growth outlook for the country to 6.7...

  • *IMF lifts 2017 growth forecast to 6.7 pct from 6.6 pct in April. BEIJING, June 14- The International Monetary Fund on Wednesday raised its forecast for China's 2017 economic growth to 6.7 percent, its third increase this year, citing "policy support, especially expansionary credit and public investment". "The critically important recent focus on tackling...

  • BEIJING, June 14- China needs to further tighten the flow of credit in its economy and funnel lending into economic activities that support real growth, International Monetary Fund deputy managing direct David Lipton told reporters in Beijing on Wednesday. The IMF on Wednesday raised its forecast for China's economic growth this year to 6.7 percent, citing "...

  • BEIJING, June 14- China's economy generally remained on solid footing in May, but tighter monetary policy, a cooling housing market and slowing investment reinforced views that it will gradually lose momentum in coming months. "The first half of this year was a very happy period for China in the sense that we had that wonderful increase in output prices," said Kuijs,...

  • BEIJING, June 14- China's factory output and retail sales grew at a steady pace in May but investment slowed, reinforcing views that the world's second-largest economy will soon start to lose some momentum as lending costs rise and the property market cools. Global concerns about China have resurfaced since Moody's Investors Service downgraded its credit...

  • NEW DELHI, June 12- India's retail inflation eased to the lowest level in at least five years in May on cooling food prices, bolstering hopes for an interest rate cut by the central bank later this year. Consumer prices rose by an annual 2.18 percent last month, compared with a 2.99 percent gain in April, data released by the Ministry of Statistics showed on Monday.

  • NEW DELHI, June 12- India's retail inflation eased to the lowest level in at least five years in May on cooling food prices, bolstering hopes for an interest rate cut by the central bank later this year. Consumer prices rose by an annual 2.18 percent last month, compared with a 2.99 percent gain in April, data released by the Ministry of Statistics showed on Monday.

  • SHANGHAI, June 12- A small majority of traders in China's financial markets think its central bank will likely raise short-term interest rates this week if the U.S. It also dovetailed with China's pledges to tackle risks from an explosive rise in debt. Six out of 10 traders in China's money, forex and bond markets asked by Reuters said they believed China would...

  • SHANGHAI, June 12- China stocks fell on Monday as tech plays succumbed to a sell-off in the U.S. and other Asian markets, and as investors worried that tighter credit will drag on corporate profitability and economic growth in coming months. Echoing the view, Haitong Securities analyst Jiang Chao said that "credit tightening presents the biggest risk in the...

  • SHANGHAI, June 12- China and Hong Kong stocks started the week on a bearish note, as tech plays in both markets tracked the sell-off in U.S. counterparts, with sentiment also hurt by the prospect of renewed China slowdown in the second half amid tighter credit. Both China and Hong Kong- listed tech shares dropped sharply, following a sell-off on Friday in technology...

  • *China May CPI +1.5 pct y/y. BEIJING, June 9- China's producer price inflation eased for the third straight month in May on tumbling prices of raw materials, signaling a broader cooling in economic activity as profits are squeezed by slackening domestic demand and rising financing costs. China's producer price index rose 5.5 percent in May from a year earlier, the...

  • MELBOURNE, June 8- London copper rose to a one-week high on Tuesday after China trade improved in May which alleviated concerns over the health of the world's second-biggest economy. China's unwrought copper arrivals also jumped from a month earlier, making up for a drop in concentrate imports that had been impacted by supply disruptions in Indonesia and...

  • *China May trade data stronger than forecast, picks up from April. *Trade surplus $40.81 bln; surplus with U.S. highest since Nov. BEIJING, June 8- China reported stronger-than-anticipated exports and imports for May despite falling commodity prices, suggesting the economy is holding up better than expected despite rising lending rates and a cooling property...

  • MELBOURNE, June 8- London copper rose to a one-week high on Tuesday after China trade improved in May which alleviated concerns over the health of the world's second-biggest economy. China's unwrought copper arrivals also jumped from a month earlier, making up for a drop in concentrate imports that had been impacted by supply disruptions in Indonesia and...

  • *China May trade data stronger than forecast. *May trade surplus $40.81 bln. BEIJING, June 8- China reported stronger-than-anticipated exports and imports for May despite falling commodity prices, suggesting the economy is holding up better than expected despite rising lending rates and a cooling property market.