Economic Regions BRICS

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  • Sept 2- U.S. stock index futures rose on Wednesday after fresh intervention from China to support its markets helped calm jittery investors, and ahead of U.S. private employment data. *Wall Street closed sharply lower on Tuesday, with renewed concerns about China's economy pushing major indexes down almost 3 percent and intensifying fears of a long-term...

  • *Trade poll reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/econ-polls? RIC= CNTRD %3 DEC I. *CPI poll reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/econ-polls?

  • European shares recover from rough ride Wednesday, 2 Sep 2015 | 3:58 AM ET

    *China intervention helping calm mkt jitters- traders. *ECB meeting, China holiday seen also soothing. LONDON, Sept 2- European stock markets recovered from a rough start to the week on Wednesday, rising almost 1 percent as traders pointed to intervention in China that helped calm wobbly markets and hopes for more central bank action.

  • Brazil poised to end rate hikes as economy sinks Wednesday, 2 Sep 2015 | 1:00 AM ET

    BRASILIA, Sept 2- Brazil is likely to halt one of the world's most aggressive rate-hiking cycles on Wednesday, sparing more suffering to a contracting economy despite fears a deepening fiscal crisis could keep inflation high. Still, President Dilma Rousseff's inability to plug a widening fiscal deficit that threatens Brazil's investment-grade rating is...

  • SHANGHAI, Sept 2- China's yuan weakened slightly on Wednesday as dollar demand ahead of public holidays the following two days offset a stronger official midpoint and state-bank dollar sales on behalf of the central bank, traders said. "Many people bought dollars today as banks need foreign exchange to prepare for possible demand from their customers during...

  • *China official PMI at 3- year low; Markit reading at 6-1/ 2 yr low. LONDON, Sept 1- China's giant manufacturing industry contracted and euro zone and U.S. growth eased in August in data published on Tuesday, while the International Monetary Fund cut its forecast for world growth this year. "It's all consistent with a global economy which clearly is struggling to make...

  • *China official PMI at 3- year low; Markit reading at 6-1/ 2 yr low. LONDON, Sept 1- China's giant manufacturing industry contracted and euro zone and U.S. growth eased in August in data published on Tuesday, while the International Monetary Fund cut its forecast for world growth this year. "It's all consistent with a global economy which clearly is struggling to make...

  • *China official PMI at 3- year low; Markit reading at 6-1/ 2 yr low. LONDON/ BEIJING, Sept 1- China's giant manufacturing industry contracted while British and euro zone growth eased in August, rattling markets and reinforcing expectations interest rates may fall again or stay near zero for longer. It came as the People's Bank of China loosened policy for the second...

  • *China official PMI at 3- year low; Markit reading at 6-1/ 2 yr low. The Chinese government's measure of manufacturing showed activity contracted at the fastest pace in three years, while a survey by Markit, which focuses more on smaller, private firms, showed the factory sector's weakest performance in 6-1/ 2 years. Even China's services sector, which has been one of...

  • BEIJING/ SHANGHAI, Sept 1- Activity in China's factory sector shrank at its fastest rate in at least three years in August as domestic and export orders tumbled, increasing investors' fears that the world's second-largest economy may be lurching toward a hard landing. Even more worrying, China's services sector, which has been one of the lone bright spots in the...

  • *China manufacturing data contracts at the fastest pace in 3 yrs. SHANGHAI, Sept 1- Chinese stocks gyrated wildly on Tuesday, with main indexes tumbling 5 percent at one point as weak manufacturing data laid bare the daunting challenge faced by Beijing as it races to revive a stumbling economy. Hong Kong stocks also fell, weighed down by weak retail sales data, and...

  • LAUNCESTON, Australia, Sept 1- China's various purchasing managers' indexes gather significant attention as indicators of the health of the world's second-biggest economy, but they are less useful as a predictor of commodity imports. The drop below the 50- level that separates expansion from contraction will be viewed as another sign that China is...

  • *Sees risk of a bigger fallout from China on Europe. TOKYO, Sept 1- Japanese Finance Minister Taro Aso said on Tuesday it would be beneficial for this week's meeting of the Group of 20 major economies to discuss what is going on in China's economy. China is Japan's biggest trading partner.

  • *Exports hobbled by China, Korea's biggest market. Australia and New Zealand Banking Group cut its forecast for South Korea's 2015 economic growth by half a percentage point to 2.2 percent, which would be the slowest growth since 2009. ING cut its projection to 2.3 percent from the previous 2.5 percent. The Bank of Korea's monetary policy committee next reviews...

  • MUMBAI, Sept 1- The rescue of India's economy may come down to the spending power of people like 26- year-old Avni Rambhiya. From rising retail loans to a pick-up in movie ticket sales, there are early signs of a recovery in spending in Asia's third-largest economy. "The headwinds of 2013 that pushed down consumer spending have turned positive now," said Siddhartha...

  • *China factory activity shrinks at fastest pace in 3 years. TOKYO, Sept 1- Asian shares fell on Tuesday and the dollar struggled after twin surveys showed China's manufacturing sector in the grip of its worst slump in several years, raising fresh fears about the health of its economy. China's official Purchasing Managers' Index fell to 49.7 in August from the...

  • BEIJING, Sept 1- Activity in China's vast manufacturing sector contracted at its fastest pace in three years in August, an official survey showed on Tuesday, reinforcing concerns over the health of the world's second-largest economy despite a flurry of government support measures. Beijing has set an official economic growth target of 7 percent for this year,...

  • BERLIN, Aug 31- German food exports to China rose almost 47 percent in the first half of this year, the Federal Association of German Food and Drink Industries said on Monday, despite a slowdown in Chinese economic growth. The surge in food sales contrasted with a less than 1 percent rise in Germany's total exports to China in January to June- the same as to...

  • BEIJING, Aug 31- China relaxed its housing investment rules for the second time in two weeks on Monday by slashing the downpayment level for most second-home buyers, as authorities try to jumpstart growth in a part of the economy that is showing rare signs of buoyancy. The change, effective Sept. 1, applies to all cities except Beijing, Shanghai, Shenzhen and...

  • SHANGHAI Aug 31- China's yuan firmed on Monday after the central bank set a stronger guidance rate while it also appeared to continue using state-owned banks to support the Chinese currency, traders said. Most of the losses came after the People's Bank of China surprised markets by devaluing the yuan by nearly 2 percent on Aug. 11. After the abrupt devaluation on...