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Economic Regions BRICS

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  • MOSCOW, March 19- Finance Minister Anton Siluanov said on Thursday the worst was over for Russia's economy, which has been hit by Western economic sanctions over the Ukraine crisis and the fall in global oil prices. The rouble, which in mid-December fell briefly to 80 roubles per dollar, has been trading at around 60 roubles per dollar in recent weeks.

  • SHANGHAI, March 18- The yuan posted its strongest daily gain in a year as the People's Bank of China set a stronger midpoint on Wednesday and big state-owned banks sold dollars, possibly on behalf of the central bank, traders said. The yuan ended at 6.2294 per dollar, rising 0.33 percent from Tuesday to make its biggest daily rise since March 24. 2014. It was also its...

  • *China shares to outperform Hong Kong peers- analysts. SHANGHAI, March 18- China stocks rallied for the sixth straight session on Wednesday, powered by cyclical sectors such as steel, highways and property, as weak economic data raised investors' hopes of fresh stimulus. The weak reading following numbers on Tuesday which showed foreign direct investment in...

  • MUMBAI, March 17- Emerging markets need to be prepared for the impact of a rise in U.S. interest rates which could still surprise in both timing and pace, the head of the International Monetary Fund, Christine Lagarde, said on Tuesday. In a speech in Mumbai, Lagarde warned that there could be a repeat of the so-called "taper tantrum" seen in 2013 when then Federal Reserve...

  • SHANGHAI, March 17- China's yuan is set for its biggest rise against the dollar in six weeks after the central bank fixed a firmer midpoint on Tuesday. The People's Bank of China set the midpoint rate at 6.1585 per dollar prior to market open on Tuesday, firmer than the previous fix at 6.1615. The currency has been under heavy downward pressure since late 2014, hit by...

  • SAO PAULO, March 16- Huge demonstrations against President Dilma Rousseff over the weekend will make it harder for her to fix Brazil's finances and repair the economic damage from a corruption scandal at state-run oil company Petroleo Brasileiro SA. Rousseff is seen as safe from any impeachment threat for now since it is unlikely her opponents could marshal...

  • NEW DELHI, March 16- The global recovery is "too slow, too brittle and too lopsided", the head of the International Monetary Fund said in India on Monday, describing Asia's third-largest economy as a rare bright spot on a cloudy global horizon. In a speech in New Delhi, IMF Managing Director Christine Lagarde said that monetary policy in the world's leading economies...

  • NEW DELHI, March 16- India's economy is a bright spot in a cloudy global economy, with recent policy reforms and improved business confidence set to boost growth, the head of the International Monetary Fund said on Monday. Speaking in New Delhi, IMF Managing Director Christine Lagarde welcomed the government's latest budget as "a step in the right direction", and...

  • NEW DELHI, March 16- The global economic recovery remains "too slow, too brittle and too lopsided", the head of the International Monetary Fund said on Monday, singling out the risk of financial market volatility arising from divergence in monetary policy among leading central banks. The first of those was what Lagarde called "asynchronous monetary policy" in...

  • NEW DELHI, March 16- India's economy is a bright spot on a cloudy global economy, with recent policy reforms and improved business confidence set to boost growth, the head of the International Monetary Fund said on Monday. Speaking in New Delhi, IMF Managing Director Christine Lagarde welcomed the government's latest budget as "a step in the right direction", and...

  • NEW DELHI, March 16- The global economic recovery remains "too slow, too brittle and too lopsided", the head of the International Monetary Fund said on Monday, singling out divergences in monetary policy as a risk that could cause financial market volatility. Christine Lagarde reiterated the IMF's forecast that, more than six years after the global financial...

  • NEW DELHI, March 16- India is better positioned to cope with external financial shocks than most emerging market economies, International Monetary Fund head Christine Lagarde was quoted saying on Monday, just ahead of a of a crunch meeting of the U.S. Now, Lagarde said in an interview with the Times of India before a two-day visit, India is in better shape.

  • MOSCOW, March 13- The Russian central bank cut its main lending rate on Friday, sending a strong signal that it now sees the rapidly declining economy as a more serious worry than high inflation. This time economists had broadly expected Friday's move as the downturn gains pace due to the low international price of oil, Russia's main export, and Western sanctions...

  • BRASILIA, March 12- Brazil's inflation will rise more than expected this year, but tighter monetary and fiscal policies and a slowdown in activity will ease price pressures in 2016, the central bank said on Thursday, leaving the door open for more interest rate increases. The bank continues to leave the door open for more increases, "said Thais Marzola Zara, chief...

  • BEIJING, March 12- China's central bank governor on Thursday signalled that Beijing is comfortable with the current macroeconomic environment and plans to stick with its "prudent" monetary policy. Both are seen as key reforms needed for the wider restructuring of China's economy and a move away from miscalculated and mispriced investment.

  • BEIJING, March 12- Chinese banks extended 1.02 trillion yuan of new loans in February, well above market expectations, while growth in broad money supply quickened, taking some heat off the central bank as it seeks to boost flagging economic growth. Economists polled by Reuters had expected new local-currency loans to fall to 750 billion yuan in February from...

  • BEIJING, March 12- China has no need to change its prudent monetary policy stance, central bank governor Zhou Xiaochuan said on Thursday, after a raft of data suggested the world's second-largest economy lost further momentum early in the new year. "The new normal condition is not special. There are problems, this does not necessarily require a new monetary policy...

  • SHANGHAI, March 12- China stocks rose on Thursday, fueled by a surge in banking shares as investors expect lenders and the economy to benefit from Beijing's plans to let local governments swap out expensive debt, easing their massive debt burdens. The market also rose on hopes that China will step up monetary easing to aid the slowing economy.

  • China stocks give up early gains on fresh economic data Wednesday, 11 Mar 2015 | 3:12 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.1 percent, to 3,524.65, while the Shanghai Composite Index gained 0.2 percent, to 3,290.90 points, helped by rises in banking stocks. Among the most active stocks in Shanghai were Bank Of China, up 2.0 percent to 4.01 yuan; Agricultural Bank of China, up 0.6 percent to 3.22 yuan and...

  • SHANGHAI, March 11- China's yuan barely moved against the dollar on Wednesday as large state-owned banks were suspected to have sold dollars to support the Chinese currency, possibly on behalf of the central bank, traders said. For many years the People's Bank of China has been known to use state banks to help adjust dollar supply and demand in the domestic market...