Economic Regions BRICS

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  • SHANGHAI, Feb 26- Indonesia's finance minister Bambang Brodjonegoro said he is willing to widen this year's fiscal deficit if necessary, in an interview with Reuters on the sidelines of the G20 conference in Shanghai on Friday. Brodjonegoro also said he expects the Indonesian economy to improve in 2016, blaming its weak export performance in 2015 on the...

  • HONG KONG, Feb 26- Hong Kong shares rose more than 2 percent on Friday, buoyed by a rebound in mainland China markets that prompted investors to hunt for bargains after losses in the previous session. For the week, it gained 0.4 percent despite a loss of more than 3 percent for China's main benchmark indexes. Investors were eyeing policy messages from G20 finance...

  • SHANGHAI, Feb 26- Indonesia's finance minister Bambang Brodjonegoro said he is willing to widen this year's fiscal deficit if necessary, in an interview with Reuters on the sidelines of the G20 conference in Shanghai Friday. Brodjonegoro also said he expects the Indonesian economy to improve in 2016, blaming its weak export performance in 2015 on the...

  • *China c.bank chief says economy showing positive signs. *Says more room for monetary, fiscal policy in China. SHANGHAI, Feb 26- China sought to restore global confidence in its economy on Friday as financial leaders from G20 nations gathered in Shanghai against a backdrop of worsening economic conditions and a lack of wider consensus on how to fix the problems.

  • HONG KONG, Feb 26- China stocks rebounded on Friday as markets took a breather after sharp losses in the previous session, while investors awaited policy messages from Chinese and global leaders gathering in Shanghai for a G20 meeting. The CSI300 index of the largest listed companies in Shanghai and Shenzhen, which tumbled more than 6 percent on Thursday,...

  • SHANGHAI, Feb 26- China's yuan eased against the dollar on Friday as the central bank was believed to stay on the sidelines amid a flurry of messages coming out of central bankers and finance ministers from the G20 meeting, traders said. Traders said the yuan was under some depreciation pressure partly because of China's slowing growth, but that the central bank...

  • *Small cap in China steady, Shenzhen's ChiNext down 0.95 pct. HONG KONG, Feb 26- China stocks posted modest gains on Friday as markets took a breather after sharp losses in the previous session, while investors awaited policy messages from Chinese and global leaders gathering in Shanghai for a G20 meeting. But Xiao Shijun, analyst at Beijing- based GuoDu Securities,...

  • SHANGHAI, Feb 26- Bank of England Governor Mark Carney said on Friday the ambition of monetary policy has not been matched by structural measures and falls in liquidity have contributed to stress in financial markets. Carney was speaking at a conference held by the Institute of International Finance in Shanghai in conjunction with a G20 meeting of central...

  • SHANGHAI, Feb 26- Australian Treasurer Scott Morrison said on Friday he was optimistic about China's economy, and that global fiscal moves to spur growth should liberalise and energise the private sector.

  • *Shanghai G20 finance ministers, central bankers meeting begins. TOKYO/ SYDNEY, Feb 26- The dollar edged down on Friday but was still on track for weekly gains against its major counterparts, as investors focused on the two-day Group of 20 nations' currency and economic talks that kicked off in Shanghai. The dollar slipped about 0.2 percent to 112.83 yen after...

  • *Global growth prospects remain clouded in near term. SHANGHAI, Feb 26- The Organisation for Economic Cooperation and Development called on Friday on the world's 20 biggest economies to step up the slowing pace of reforms to boost economic growth amid sluggish trade and weak investment. Finance ministers and central bank governors of the 20 biggest economies,...

  • SHANGHAI, Feb 26- Germany's Minister of Finance Wolfgang Schaeuble said on Friday that the expansive fiscal and monetary policies implemented by governments to spur growth might have laid the foundation of the next economic crisis. Those debt-financed fiscal policies and accommodative monetary policies had been only moderately successful in promoting...

  • *Shanghai copper premiums fall by $5 to $92.50. MELBOURNE, Feb 26- London copper edged up on Friday, and was set to close February slightly higher as a gradual ramp up in activity following Lunar New Year was offset by concerns about weakness in the global economy. The world's financial leaders will meet in Shanghai starting on Friday to discuss ways to calm global...

  • SHANGHAI, Feb 26- Large capital outflows from China pose risks to the global economy, International Monetary Fund Managing Director Christine Lagarde said on Friday, as Beijing grapples with the country's slowest growth in 25 years.

  • *China c.bank chief says economy showing positive signs. *Says more room for monetary, fiscal policy in China. The latest economic data shows positive signs for China's growth prospects in 2016, and the People's Bank of China still has room and tools in its monetary policy to deal with potential downside risks to its economy, Zhou told a conference held by the...

  • SYDNEY, Feb 26- Asian shares made guarded gains on Friday as a gathering of world finance leaders provided a welter of reassuring comments, but little in the way of actual policy stimulus. Setting the tone for the Shangahi meeting of the Group of 20, China's central bank chief, Zhou Xiaochuan, said Beijing still had the room and tools to support the world's second...

  • SHANGHAI, Feb 26- China still has more room and tools in its monetary policy to tackle downward pressure in the economy, and its fiscal policy will be more proactive, central bank governor Zhou Xiaochuan said on Friday. Zhou, speaking at a conference held by the Institute of International Finance in Shanghai in conjunction with a G20 meeting of central bank...

  • Feb 25- British finance minister George Osborne is pushing the Group of 20 leading economies to warn about the dangers of Britain leaving the European Union, the Financial Times reported on Thursday. Osborne said he hoped G20 support for Britain staying in the EU would be an important outcome of a meeting on Friday and Saturday in Shanghai of finance ministers,...

  • LONDON, Feb 26- Bank of England Governor Mark Carney warned on Friday that moves by central banks to cut interest rates below zero risked creating a "beggar-thy-neighbor" environment which could leave the global economy trapped in low growth. In a speech to be delivered at a meeting of Group of 20 finance ministers and central bank chiefs in Shanghai, Carney also...

  • *G20 meeting kicks off in Shanghai. SYDNEY, Feb 26- The yen was broadly softer early on Friday as demand for the safe-haven currency waned after a rebound in oil prices helped spur a rally on Wall Street. The dollar flirted with 113.00 yen, almost two yen higher from this week's trough.