Economic Regions BRICS

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  • *China fin min says yuan devaluation not on G20 agenda- media. *China vice finmin calls for greater market communication. Zhu Guangyao, vice finance minister, said that China would seek to keep the exchange rate stable while maintaining its current "managed float" regime.

  • *China stocks extend losses on eve of G-20 summit in Shanghai. TOKYO, Feb 25- Asian shares slipped on Thursday as crude oil prices seesawed and Chinese shares dived, rekindling anxiety about the impact of high market volatility on the global economy on the eve of a G20 meeting in Shanghai. Britain's FTSE 100 was seen opening up by 1.3 percent.

  • *China vice finmin calls for greater market communication. SHANGHAI, Feb 25- China's leaders voiced support for the embattled domestic currency on Thursday, with the country's vice finance minister saying policymakers are committed to market transparency and aware of the impact their decisions have on other economies. Zhu Guangyao, vice finance minister...

  • SHANGHAI, Feb 25- China's yuan was flat against the dollar on Thursday as traders grew cautious ahead of a G20 meeting in Shanghai which is expected to discuss volatile currency and equity markets and signs of economic weakness throughout the world. The People's Bank of China set the midpoint rate at 6.5318 per dollar prior to the market open, weakening it for a...

  • *China vice finmin calls for greater market communication. SHANGHAI, Feb 25- Policymakers and industry leaders in China on Thursday flagged the need for improved market communication and currency stability in the country while also calling for greater global coordination to deal with economic challenges. The country's vice finance minister, Zhu Guangyao,...

  • *Small-caps lead China falls with ChiNext down nearly 6 pct. SHANGHAI, Feb 25- China stocks fell more than 3 percent on Thursday, led by small-caps, as investors took profits from a solid rebound over the past month and awaited policy messages from Chinese and other global leaders gathering in Shanghai for a G20 meeting. China stocks have rebounded roughly 10...

  • BEIJING, Feb 25- China's efforts to tackle the country's zombie firms wil not result in large scale unemployment, the country's industry vice minister said at a briefing in Beijing on Thursday. China needs to cut off local support, including bank loans, for zombie firms, as well as strengthen environmental compliance to deal with the firms as part of efforts to...

  • TOKYO, Feb 25- Japanese stocks rose in thin, choppy trading on Thursday morning as sentiment improved following a bounce in oil prices that helped Wall Street to rally as fears of banks' exposure to energy companies struggling to pay debt receded. "As we move into the 10th day of largely directionless trading many market participants are waiting on a catalyst," said...

  • SHANGHAI, Feb 25- China could in theory raise its budget deficit to more than 4 percent of gross domestic product to help support growth, a senior central bank researcher wrote in a commentary posted late on Wednesday. "In the near future, it's possible to raise China's fiscal deficit rate to 4 percent, or even higher," Sheng Songcheng, director of the Survey and...

  • NEW YORK- Federal Reserve Bank of San Francisco President John Williams speaks on the economic outlook before an event hosted by the New York University Stern School of Business- 1700 GMT. ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart gives welcome remarks before the 2016 Banking Outlook Conference hosted by the Federal...

  • WASHINGTON, Feb 24- The Group of 20 nations must plan now for a coordinated stimulus program to keep a slowing global economy from stalling, International Monetary Fund staff said in a report on Wednesday. The report was prepared for senior G20 officials who are meeting in Shanghai later this week amid falling equity markets, volatile currencies and signs of...

  • Major emerging market economies including Mexico, Brazil, South Korea and India have made fresh moves in the past month to defend their battered currencies, coupling often aggressive open-market intervention with warnings against speculators. China meanwhile spent almost $100 billion of hard cash reserves last month keeping its tightly controlled yuan...

  • *UK house prices to rise 5.0 pct in 2016, 4.0 pct in 2017. *London prices to rise 5.0 pct this year and next. Many younger people have no choice but to rent, " Tony Williams at Building Value said.

  • *China's economy and macro-management also in focus. SHANGHAI, Feb 24- Investors hoping for a grand plan from the world's top financial officials to stabilize shaky markets are set for disappointment, insiders say, when finance ministers and central bankers gather this week in Shanghai to discuss the troubled global economy. With divergent monetary policies...

  • HONG KONG, Feb 24- Political tensions in Hong Kong are hurting the economy said the city's financial secretary in his annual budget speech on Wednesday, as he rolled out a multi-billion dollar package of sweeteners to bolster growth hit by a slowdown in China. In unusually blunt comments for a budget address, John Tsang said "political volatility" was threatening...

  • Heavy interventions by the central bank in recent months to steady the currency and deter speculators have raised questions about China's foreign exchange policy and threatened to slow Beijing's steady push to internationalise the "redback". One key factor is the attractiveness of arbitrage activities that allow firms to benefit from differences in...

  • TOKYO, Feb 23- Chinese tourists spent less in Tokyo shops during the Lunar New Year holidays compared with a year earlier, retailers said, as a stronger yen and slower economic growth at home discouraged the kind of "explosive buying" that became a buzzword in 2015.. Isetan Mitsukoshi Holdings said its stores served around 50 percent more international duty-free...

  • WASHINGTON, Feb 22- The United States will call on G20 countries this week to use fiscal policy in order to boost global demand, a senior U.S. Treasury Secretary Jack Lew, and central bank governors will meet on Feb. 26-27, with sagging global growth, divergent monetary policies and currency devaluations set to dominate the agenda. Lew has repeatedly called on China...

  • WASHINGTON, Feb 22- The United States will call on G20 countries to use all monetary and fiscal tools at their disposal in order to boost global demand, a senior U.S. That would lead to strengthened confidence and I would suspect reduce volatility, "the Treasury official said in a preview call with reporters ahead of a G20 meeting later this week in Shanghai, China.

  • SHANGHAI, Feb 22- China stocks jumped over 2 percent on Monday to a four-week high, led by property and resources shares, as investors welcomed Beijing's decision to replace the top securities regulator and on signs the government was stepping up its economic stimulus efforts.