Economic Regions BRICS

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  • SHANGHAI, Nov 7- China's consumer price index is expected to rise by about 1.4 percent next year, a think-tank expert said in a report in the official Shanghai Securities News on Saturday, a reflection of deflationary pressure. "In the round, over the next period, due to greater pressure from the economic downturn, overall stable consumer demand, deflationary...

  • MOSCOW, Nov 6- Sergei Shvetsov, the first deputy chairman of Russia's central bank, said on Friday he saw potential for a reduction in interest rates this year. "There is potential for cutting rates just as there is a potential for a lowering of inflation by the end of the year. We will be watching these figures, "he said in Shanghai at a forum of the Moscow and Shanghai...

  • SHANGHAI, Nov 6- China's yuan entered midday weaker against the dollar on Friday after shedding early gains that had been led by a stronger offshore market. "Some investors sold the yuan, taking profits from the appreciation in early trade," said a trader at a foreign bank in Shanghai. The People's Bank of China set the midpoint rate at 6.3459 per dollar prior to...

  • *AME Group sees copper concentrate market in deficit in 2015-2016. MELBOURNE, Nov 6- London copper edged higher on Friday but remained near five-week lows as China's fitful growth tempered appetite from consumers and as traders trimmed risk ahead of a key U.S. jobs report. The cutbacks now mean the global copper concentrate market will have fallen into deficit...

  • While the US has been busy worrying about "too big to fail," China's largest banks have just been getting larger, says analyst Dick Bove.

  • LONDON, Nov 5- The dollar surged to a three-month high and European and Asian stock markets dipped on Thursday as expectations hardened of the first rise in U.S. interest rates in almost a decade coming next month. Federal Reserve chief Janet Yellen and two senior colleagues pointed to December as a "live possibility" for a rise, adding to signs that the U.S. central...

  • *Oct trade data due on Sunday, Nov 8. BEIJING, Nov 5- A deluge of Chinese data due in coming weeks could show tentative signs of stabilisation in the world's second-largest economy with growth remaining uneven across the country. However, the mixed data is unlikely to dissuade economists who have called for Beijing to roll out more support, including both easing and...

  • SHANGHAI, Nov 5- China's yuan weakened on Thursday after dollar demand surged as the Federal Reserve hammered home the message that a December "liftoff" in U.S. interest rates is a distinct possibility, traders said. Reflecting the gain of the dollar index, which hit a three-month peak on Wednesday, China's central bank set Thursday's yuan midpoint rate at 6.3381...

  • *Asia rally spills over the Europe despite earnings misses. NEW YORK, Nov 4- Wall Street stocks, unable to follow a rally in European and Asian stocks on Wednesday, fell further after Federal Reserve Chair Janet Yellen said the U.S. economy is "performing well" and could justify an interest rate hike in December. Yellen told Congress the Fed expects the economy to...

  • BEIJING/ SHANGHAI, Nov 4- International Monetary Fund policymakers plan to meet in November to review whether to include the Chinese yuan in the Fund's reserve currency basket, but a specific date has not been set, the IMF said in a statement on Wednesday. China Business News, a respected domestic finance newspaper, said on its website that the IMF was pushing back...

  • *Federal Reserve Chair Janet Yellen is scheduled to provide testimony on Fed actions and plans for bank regulation and supervision before the House Financial Services Committee at 10:00 a.m. ET. *Global stocks gained after private-sector surveys in Europe pointed to a strong growth path in the fourth quarter and comments from China's president lifted...

  • FRANKFURT, Nov 4- The direct impact of China's economic slowdown on euro zone growth via trade will be modest, but the impact from indirect channels may be more significant, the European Central Bank said on Wednesday. China's economic growth dipped below 7 percent in the third quarter, its slowest since the global financial crisis, and Beijing has rolled out a...

  • *PMI points to Q3 euro zone GDP growth of 0.4 pct- Markit. *China's Oct Caixin services PMI hits 3- month high of 52.0. LONDON, Nov 4- Euro zone private business growth remained tepid last month but activity in China's services industry expanded at its fastest pace in three months, easing concerns about persistent weakness in its economy, surveys showed on Wednesday.

  • BEIJING/ SHANGHAI, Nov 4- The International Monetary Fund's Beijing office told Reuters no date had been set for reviewing whether to include the Chinese yuan in its reserve currency basket, responding to a report in local media that the review would be delayed. China Business News, a respected domestic finance newspaper, said on its website that the IMF was...

  • *China bonded aluminium prices fall $10 to lowest since August. MELBOURNE, Nov 4- London copper rose 1 percent on Wednesday, rebounding from a one-month low, supported by falling stockpiles and bets that China's efforts to stimulate its economy will fuel an improvement in demand. Signs are emerging that China's monetary easing measures are feeding a recovery in...

  • SHANGHAI, Nov 4- China stocks rallied on Wednesday after President Xi Jinping made comments on its economy and the government unveiled the proposal of its 13th five-year plan, a blue-print for economic and social development between 2016 and 2020.. Xinhua news agency quoted Xi as saying China can maintain annual economic growth of around 7 percent over the...

  • WASHINGTON, Nov 4- International Monetary Fund policymakers are expected to decide this month whether to add China's yuan to the Fund's benchmark currency basket after a campaign by Beijing for inclusion. Joining the Special Drawing Rights basket would mark a symbolic coming of age for China as an economic power and an acknowledgement of its efforts to...

  • BEIJING, Nov 4- Activity in China's services sector expanded at its fastest pace in three months in October, thanks to stronger new business, a private survey showed on Wednesday, easing concerns over persistent weakness in the economy as the manufacturing sector falters. The Caixin/Markit Purchasing Managers' Index rose to 52.0 in October from September's...

  • *Emerging markets see fund inflows in October, led by Asia. Investors who fled Asian share markets earlier this year are more hopeful that China will avoid a hard landing as central banks in Europe and Japan maintain accommodative monetary policies, supporting recovering global growth. Foreign investors also bought $2.7 billion of stocks in Asia, ex- China and...

  • LAUNCESTON, Australia, Nov 3-- Lost amid the headlines about China's decision to end its one-child policy was news that points to a brighter medium-term outlook for commodity demand in the world's biggest consumer of natural resources. This should go some way towards alleviating fears that China's economy is in structural decline, as achieving those goals...