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Economic Regions BRICS

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  • China manufacturing slumps to 15-month low Thursday, 23 Jul 2015 | 10:36 PM ET

    HONG KONG— China's manufacturing slumped to a 15- month low in July in a fresh sign of deterioration in the world's second biggest economy, a survey showed Friday. The monthly survey was previously sponsored by global bank HSBC. Employment in China's giant manufacturing industry, which employs tens of millions of people, continued to shrink, according to the...

  • *Flash PMI signals persistent weakness. BEIJING, July 24- China's factory sector contracted by the most in 15 months in July as shrinking orders depressed output, a preliminary private survey showed on Friday, a worse-than-expected result that should reinforce bets the struggling Chinese economy will get more stimulus. Output in July was 47.3, its lowest since...

  • Brazil's unemployment rates rises Thursday, 23 Jul 2015 | 10:57 AM ET

    SAO PAULO— Brazil's government says the jobless rate in Latin America's largest country rose for the sixth straight month in June. The country's IBGE statistics bureau said Thursday that the unemployment rate in June was 6.9 percent, against 6.7 percent in May and 4.8 percent in June of last year. IBGE said that the jobless population in June remained stable at...

  • *China c.bank seen cutting rates by 25 bps this year- poll. *China economy expected to grow 7 pct this year. BEIJING, July 23- China looks set to further reduce interest rates and the amount of cash that its banks must hold as reserves to keep its economy growing at 7 percent this year, the slowest pace in a quarter of a century, a Reuters poll showed.

  • *China stocks extend gains as market normalizes. South Korea's economy recorded its weakest expansion in six years in the second quarter, battered by a deadly virus outbreak and poor exports, while Japan reported strengthening export growth in June but concern remained over how shipments to China might be affected by its slowing economy.

  • DIARY-Emerging Markets Economic Events to Aug 4 Tuesday, 21 Jul 2015 | 8:01 PM ET

    PRETORIA- South African Reserve Bank interest rate decision- 1300 GMT. ANKARA- Central Bank of Turkey to hold monetary policy committee meeting to set interest rates. JERUSALEM- Bank of Israel interest rate decision- 1330 GMT.

  • S&P raised its rating for Greece to CCC+ from CCC-, saying the country's liquidity perspective has improved after euro zone finance ministers last week gave their initial consent to a three-year loan programme to keep the country in the euro. "We think opportunities for Greece to default on commercial debt this year are few," S&P said in a report.

  • KUNSHAN/ BEIJING, China, July 21- Business is roaring at Qiu Bangsheng's factory in eastern China, where whizzing machines churn out long, white strips of polypropylene that are rolled into cylinders and turned into nappies and other hygiene products. "Companies reported an improvement in business conditions in June and the property sector is warming up," said a...

  • LONDON, July 17- The dollar was set for its biggest weekly rise since May on Friday as economic data reinforced expectations for a U.S. rate hike by the end of 2015, with euro zone shares steadying after strong gains as Greece looked set to secure a bailout. The euro hovered close to a seven-week low of $1.0854 hit in the previous session. The dollar touched a...

  • METALS-London copper eyes lower close for a second week Thursday, 16 Jul 2015 | 9:07 PM ET

    MELBOURNE, July 17- London copper was set to close lower for a second week on Friday as a seasonal demand lull and concerns over China's stockmarket stability kept risk appetite in check. *Europe moved to re-open funding to Greece's stricken economy on Thursday after the parliament in Athens approved a new bailout programme in a fractious vote that left the...

  • LONDON, July 16- Stocks jumped and euro zone bond yields fell on Thursday after Greece's parliament approved a bailout plan, while the dollar hit a six-week high after Federal Reserve Chair Janet Yellen reinforced expectations for a U.S. rate hike. Relief was the dominant sentiment ahead of the European Central Bank's policy decision, as Athens's approval of...

  • SARVE, India, July 16- Farmers in India run the risk of planting too much, too fast in the current monsoon season as an unexpected dry spell starts to wilt crops across the country, raising fears of lower yields and surging food prices in a mostly impoverished nation. Food prices are a political hot potato in India, where more than a quarter of its population of 1.2...

  • LONDON, July 16- Stocks rose and euro zone bond yields fell on Thursday as investors welcomed Greek parliamentary approval of a bailout plan, while the dollar hit a six-week high after Federal Reserve Chair Janet Yellen reinforced expectations for a U.S. rate hike. Relief was the dominant sentiment across European markets, ahead of the European Central Bank's...

  • SHANGHAI/ HONG KONG, July 16- The Chinese stock market rout has highlighted the need for further financial reforms and moves towards a market-driven economy, even as Beijing's measures have kept the plunge from turning into a financial crisis. "Some of the longer-term structurally beneficial measures they should take are open up the quota system, allow pension...

  • *Kuroda upbeat on China, urges Beijing to continue liberalisation. TOKYO, July 15- The Bank of Japan trimmed its economic growth forecast but held off on offering fresh stimulus on Wednesday, anticipating a pick-up in consumption will nudge inflation toward its 2 percent target. While cautiously upbeat on China's growth prospects, he urged Beijing to continue...

  • *Benchmark share indexes close down more than 3 percent. BEIJING, July 15- China's economy grew an annual 7 percent in the second quarter, beating analysts' forecasts, though its volatile stock markets took a sharp dive in a reminder of the threats to Beijing's efforts to direct the economy out of a slowdown. As the National Bureau of Statistics released the upbeat...

  • BOJ trims growth forecast as exports weaken Wednesday, 15 Jul 2015 | 2:52 AM ET

    The Bank of Japan trimmed its economic growth forecast on Wednesday but held off on offering fresh stimulus.

  • TOKYO, July 15- The Bank of Japan trimmed its economic growth forecast on Wednesday but held off on offering fresh stimulus, convinced that an expected pick up in consumption will help accelerate inflation toward its 2 percent target. BOJ Governor Haruhiko Kuroda reiterated his optimism on the global outlook, pointing to data showing China's economy grew a...

  • China stocks tumble despite positive economic data Wednesday, 15 Jul 2015 | 2:47 AM ET

    SHANGHAI, July 15- The stock market recovery that began in China last week after a slew of government steps to halt a crash ran abruptly out of steam on Wednesday, with markets dropping sharply in afternoon trade despite surprisingly positive economic data. "Sentiment is still weak," said Du Changchun, analyst at Northeast Securities in Shanghai, noting that he...

  • BEIJING, July 15- China's economy grew an annual 7 percent in the second quarter, steady with the previous quarter and slightly better than analysts' forecasts, though further stimulus is still expected after the quarter ended with a stock market crash. Slowing growth in trade, investment and domestic demand has been compounded by a cooling property sector,...