Economic Regions BRICS

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  • SYDNEY, Aug 26- U.S. soybeans fell on Wednesday, losing much of their gains from the previous session as nervousness over the outlook for the Chinese economy pressured prices despite the latest stimulus step by Beijing. *Chicago Board of Trade November soybeans fell 0.34 percent to $8.74-3/ 4 a bushel, having firmed 0.43 percent on Tuesday. *China cut interest rates...

  • ZHUKOVSKY, Russia, Aug 25- Russian civil aviation companies face a disappointing week at the country's largest air show that opened on Tuesday as economic crisis and Western sanctions take a heavy toll on order books and scare away many foreign firms. According to Russian media, Russia and Iran will sign a $1 billion deal during the three-day show for S-300...

  • LONDON, Aug 25- Copper prices rose on Tuesday after China cut its benchmark interest rates, raising hopes the move will help bolster economic growth and increase demand in the world's largest consumer of industrial metals. China's central bank cut interest rates and bank reserve requirements to boost liquidity, saying the world's second-biggest economy...

  • *Beijing acted after Chinese shares plunged again overnight. NEW YORK, Aug 25- Stocks, oil prices and safe-haven bond yields rose on Tuesday as a tentative market rebound picked up pace after China cut interest rates and banks' reserve requirements to kick-start its wavering economy. The dollar motored ahead against most major currencies, rising 1 percent...

  • *ECB vice president: China's stock market relatively small. MANNHEIM, Aug 25- The European Central Bank's vice president sought to play down a crash in China's stock market, saying the ripple effects may be limited and it was too early for the ECB to react. Vitor Constancio made the remarks on Tuesday after China's central bank cut interest rates, ratcheting up...

  • *China stock indexes fell more than 7 pct before cut. BEIJING, Aug 25- China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stumbling economy and a plunging stock market that has sent shockwaves around the globe. Global shares, bond yields and oil prices all...

  • *Shanghai index crashes through key 3,000- point level. *RRR cut unleashes 650 billion yuan into economy- analyst. SHANGHAI, Aug 25- China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent...

  • LONDON, Aug 25- Copper prices rose on Tuesday after China cut its benchmark interest rates, raising hopes the move will help bolster economic growth and increase demand in the world's largest consumer of industrial metals. China's central bank cut interest rates and banks' reserve requirements to boost liquidity and said the world's second-biggest economy...

  • BEIJING, Aug 25- China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe. "Frankly this shows a bit of panic in my mind," said Andrew Polk, resident economist at the...

  • *MSCI's broadest index suffers biggest loss in 4 years. Japan's Nikkei index fell 3.8 percent to six-month lows while the MSCI's broadest index of Asia-Pacific shares outside Japan hit fresh three-year lows. Underlining concerns about China, Japanese Finance Minister Taro Aso said on Tuesday he hoped China would take action to stabilise its economy and that...

  • China in focus as markets in turmoil. MADRID, Aug 24- Markets are watching for China's next move as signs of a slowdown in the world's second-largest economy stack up, raising expectations it will act to stoke growth. A looming snap election in Greece and a closely watched conference hosted by the Federal Reserve in the United States are also likely to keep...

  • LAUNCESTON, Australia, Aug 24- With the prices of many major commodities currently plumbing depths last seen six years ago, what are the chances of a repeat of the China- led boom that lifted resources out of the 2008 recession funk? So far it has dropped about 52 percent from the last year's peak in June to the close of $45.46 a barrel on Aug. 21. Benchmark London copper...

  • The safe-haven yen rallied and key government bonds were bought from the widespread unrest in the financial markets, set in motion nearly two weeks ago when China devalued its currency and generated fears about the state of its economy. Fears of a China- led global economic slowdown drove Wall Street to its steepest one-day drop in nearly four years on Friday...

  • *China in focus after weak manufacturing data. MADRID, Aug 21- Markets will be watching for China's next move as signs of a slowdown in the world's second-largest economy stack up, raising expectations it will act to stoke growth. A looming snap election in Greece and a closely watched conference hosted by the Federal Reserve in the United States are also likely to...

  • IMF official says "premature" to speak of Chinese crisis Saturday, 22 Aug 2015 | 10:19 AM ET

    RIMINI, Italy, Aug 22- China's economic slowdown and a sharp fall in its stock market herald not a crisis but a "necessary" adjustment for the world's second biggest economy, a senior International Monetary Fund official said on Saturday. Fresh evidence of easing growth in China hammered global stock markets on Friday, driving Wall Street to its steepest one-day...

  • *China factory activity sinks to 6-1/ 2- year low. China's vast factory sector shrank at its fastest rate in almost 6-1/ 2- years in August, a private survey showed, pushing investors who fear China's sagging economy will translate into slower global growth to take refuge in gold and bonds. "Uncertainty about China growth is now the main swing factor in markets," said...

  • *China factory activity sinks to 6-1/ 2- year low. BEIJING, Aug 21- Worries of a deepening China economic slowdown intensified on Friday after a private survey showed the factory sector shrank at its fastest rate in almost 6-1/ 2- years in August, hammering global stocks and commodity prices. "Uncertainty about China growth is now the main swing factor in markets,"...

  • TOKYO, Aug 21- Japan's Nikkei share average dropped more than 2 percent to six-week lows on Friday morning after Wall Street tumbled as investors unloaded risky assets, hit by concerns that a slowdown in China could affect the global economy. "Due to uncertainly about where China's economy is going, what Beijing will do and how much the impact it will have on the...

  • BEIJING, Aug 21- A mini debt crisis in northern China is exposing cracks in a financial pillar of the country's economic revival plan: the $430 billion loan-guarantee industry. They exist to facilitate finance for smaller businesses- China's job-creators- but a crisis unfolding in northern Hebei province shows that their ability to meet those guarantees is in...

  • Indian government steps up rate cut pressure on RBI Thursday, 20 Aug 2015 | 5:18 AM ET

    NEW DELHI/ MUMBAI, Aug 20- Indian Finance Minister Arun Jaitley is stepping up pressure on the central bank to cut rates as the economy struggles and price rises slow, with some bureaucrats working behind the scenes to argue for an immediate cut of as much as 50 basis points. After another weak quarter of corporate earnings and July inflation that undershot the...