Economic Regions BRICS

  • CARACAS, March 10- Venezuela expects to provide local businesses with between $5.5 billion and $7 billion this year via a new floating foreign exchange system, the vice president for economy said on Thursday, adding the country is seeking voluntary debt renegotiating to improve cash flow. The government on Wednesday unveiled a new currency exchange system...

  • SAO PAULO, March 10- Brazil's stocks and currency rose on Thursday, extending a rally fueled by hopes of political change after prosecutors charged former President Luiz Inacio Lula da Silva in a money laundering investigation. Brazilian markets outperformed regional currencies, which mostly fell alongside oil prices and after the European Central Bank...

  • *Wall Street flat as risk appetite fizzles out, oil backslides. LONDON, March 10- The euro whipsawed on Thursday as major new stimulus measures by the European Central Bank were offset by a signal from ECB chief Mario Draghi that it will only cut interest rates again in the most extreme of circumstances. Shares jumped 2.5 percent, euro zone bonds rallied and the euro...

  • WELLINGTON, March 10- New Zealand's central bank unexpectedly cut interest rates to a record-low 2.25 percent on Thursday, triggering a slide in the local dollar and sparking talk of a global currency war as countries seek to revitalise their economies in a world of slow growth. New Zealand's move to trim the Official Cash Rate by 25 basis points follows the Bank...

  • *China y/y Feb CPI increase beats forecasts. *Inflation numbers take pressure of China to ease policy. BEIJING, March 10- China's consumer inflation beat forecasts in February, accelerating at its fastest pace since July 2014, while producer prices slowed their slide for the second straight month, taking some pressure of policymakers to rush out more monetary...

  • BEIJING, March 10- China's consumer inflation accelerated faster-than-expected in February due to rising food prices but another fall in upstream prices is likely to add to concerns about growing deflationary pressures, which could trigger further policy easing. China's consumer price index rose 1.4 percent in 2015 from a year ago, far short of Beijing's 3...

  • BRASILIA, March 9- Brazil's deepening political crisis will delay the approval of fiscal measures already in Congress, but the administration will stick with plans to submit additional fiscal and pension reforms soon, Finance Minister Nelson Barbosa told Reuters on Wednesday. Barbosa said the administration of President Dilma Rousseff is in a better...

  • *New Caledonia may lift ban on nickel ore exports to China. MELBOURNE, March 9- London copper was steady on Wednesday after prices fell the most in a day since November in the previous session when grim China February trade data renewed fears over economic growth in the world's top consumer of metals. Copper has been trying to break to the upside and now it's...

  • BEIJING, March 9- China can accept slightly lower economic growth as long as employment remains stable and incomes continue to rise, said a senior official of the country's cabinet research unit on Wednesday. China's policy support for the economy is appropriate and there is no plan to implement strong stimulus, Huang Shouhong, deputy director of the State...

  • BEIJING, March 9- China's wider fiscal deficit budgeted for 2016 will be mainly used to finance tax cuts, a senior official of China's cabinet research unit said on Wednesday. The comments from Huang Shouhong, deputy director of the State Council Research Office, came from a briefing in Beijing. China budgeted a 2016 deficit of 3 percent of gross domestic product,...

  • SHANGHAI, March 8- China's exports fell 25.4 percent in February from a year earlier, while imports dropped 13.8 percent. -China's top leaders did not give a forecast for trade performance when they set out top economic goals for the year at the opening of the country's parliament on the weekend, reflecting major uncertainty over global abroad.

  • SHANGHAI, March 7- China stocks rose for a fifth straight session on Monday, led by resources shares and small-caps, after a flurry of reassurances by the country's top leaders that the economy would stay on a sound footing despite strains from major structural reforms. The opening of China's annual parliament meeting in Beijing at the weekend delivered few...

  • BEIJING, March 7- A larger fiscal deficit ratio in 2016 will help China prevent a slide in economic growth and to push forward with structural reform, Finance Minister Lou Jiwei said on Monday. Lou told a media conference in Beijing that the 2015 budget deficit was 2.4 percent of gross domestic product, two days after the finance ministry said China had budgeted...

  • SHANGHAI, March 7- China's central bank governor on Sunday said monetary policy can help supply-side economic restructuring succeed by more appropriately managing demand, the state-owned Shanghai Securities News reported Monday. Zhou Xiaochuan, the governor of the People's Bank of China, made the comment in response to reporters' questions following a...

  • *China not dragging on global economy- state planner chairman Xu. *China targets 6.5-7 pct 2016 growth, fiscal support disappoints. The comments, as Beijing kicked off its 12- day annual national parliament, underscored the challenges facing China as its economy transitions from an investment and export focused economy to one based more on services and...

  • BEIJING, March 6- China's southern Guangdong province expects economic growth of between 7-7.5 percent in 2016, said Hu Chunhua, the Communist Party boss of the economic and export powerhouse. "Guangdong is like the rest of the country in facing great slowdown pressures," said Hu, following a meeting with the province's delegates in Beijing during the country's...

  • Investors talk in front of an electronic board showing stock informations at a brokerage house in Kaifeng, Henan Province.

    China's economy isn't headed for a hard landing, China's top economic planner said on Sunday, but instability in the global economy does pose a risk.

  • *Bank of Canada rates seen on hold. FRANKFURT, March 4- The European Central Bank is almost certain to ease policy next week as depressed commodity prices raise the risk of deflation, while a string of data from China will offer clues about the extent of the recent emerging market slowdown. Growth in most key economies has slowed this year as states such as China to...

  • *China not dragging on global economy- state planner chairman Xu. BEIJING, March 6- China's economy isn't headed for a hard landing and isn't dragging on the global economy, China's top economic planner said on Sunday, but uncertainty and instability in the global economy do pose a risk to the country's growth. "China will absolutely not experience a hard landing," Xu...

  • China's leadership tried to quell anxiety about its slowing economy following financial turmoil and rising labor unrest as it cut its growth target.