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Economic Regions BRICS

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  • China stocks tumble despite positive economic data Wednesday, 15 Jul 2015 | 2:47 AM ET

    SHANGHAI, July 15- The stock market recovery that began in China last week after a slew of government steps to halt a crash ran abruptly out of steam on Wednesday, with markets dropping sharply in afternoon trade despite surprisingly positive economic data. "Sentiment is still weak," said Du Changchun, analyst at Northeast Securities in Shanghai, noting that he...

  • BEIJING, July 15- China's economy grew an annual 7 percent in the second quarter, steady with the previous quarter and slightly better than analysts' forecasts, though further stimulus is still expected after the quarter ended with a stock market crash. Slowing growth in trade, investment and domestic demand has been compounded by a cooling property sector,...

  • China's yuan flat, shrugs off economic data Wednesday, 15 Jul 2015 | 12:09 AM ET

    SHANGHAI, July 15- China's yuan was flat on Wednesday as dollar supply and demand were roughly in balance, offsetting a slightly stronger midpoint and better-than-expected economic data for the second quarter. The People's Bank of China set the midpoint rate at 6.1152 per dollar prior to market open, 0.02 percent firmer than the previous fix at 6.1165.

  • *Governor Kuroda to brief media 0630 GMT. TOKYO, July 15- The Bank of Japan trimmed its economic growth forecast on Wednesday but held off on offering fresh stimulus, convinced that an expected pick up in consumption will help accelerate inflation toward its 2 percent target. The BOJ's growth forecasts are not too far off the mark, but the inflation forecasts look...

  • *Q1 GDP +7.0 pct y/y. BEIJING, July 15- China's economy grew an annual 7 percent in the second quarter, steady with the previous quarter and slightly better than analysts' forecasts, though further stimulus is still expected after the quarter ended with a stock market crash. On a quarterly basis, the economy grew 1.7 percent compared with 1.4 percent in the March...

  • BEIJING, July 15- China's economy grew 7.0 percent in the second quarter, slightly above expectations. Economists polled by Reuters had expected China's gross domestic product to rise 6.9 percent in April-June compared with a year ago. YE BINGNAN, MACRO ANALYST, BOC INTERNATIONAL, BEIJING.

  • Slowing China GDP growth may prompt more stimulus Tuesday, 14 Jul 2015 | 5:00 PM ET

    BEIJING, July 15- China's is expected to post its weakest growth since the global financial crisis on Wednesday, which together with a stock market rout raises pressure on authorities to do more to stir the economy after a run of stimulus steps has had little impact. Data confirming China lost more momentum in the June quarter would do little to reassure...

  • SAO PAULO, July 14- Brazil's retail sales fell more than expected in May as faster inflation and a rising jobless rate appeared to deepen a likely recession in Latin America's largest economy. Layoffs have hit Brazil's labor market harder than many expected while inflation has climbed to nearly 9 percent, twice the official target despite a string of interest...

  • *BMW says China remains an attractive market. BEIJING/ FRANKFURT, July 13- Brilliance China Automotive Holdings Ltd, which makes BMW cars in China, issued a profit warning on Monday, citing slowing sales in the world's biggest car market. Brilliance, which makes minivans for China's domestic market and assembles luxury cars for BMW via its joint venture with the...

  • LONDON, July 13- A bailout deal for Greece and Chinese shares' bounce to two-week highs helped lift emerging stocks by 1 percent on Monday, with the sharpest gains seen in eastern Europe. Euro zone leaders agreed on a roadmap to a possible third bailout for Greece after night-long haggling, sparking gains on equity and peripheral bond markets, even though the deal...

  • MELBOURNE, July 13- London copper pared losses on Monday after euro zone officials reached a debt deal with Greece, with tentative signs of economic revival in China's trade data also supporting prices. Euro zone leaders reached a unanimous agreement after all-night talks in Brussels to move forward with a bailout loan for Greece, European Council President...

  • *Iran could add 200,000 bpd to oil market in short-term. SINGAPORE, July 13- Any nuclear deal between Iran and six world powers loosening sanctions against Tehran could flood an oversupplied oil market with more fuel, yet sectors like cement and steel would see a rise in demand as the country works to revitalise its economy. But even with a diplomatic agreement...

  • BEIJING, JULY 13- China's export sales unexpectedly rose for the first time in four months in June and imports fell again but posted their best performance this year, causing some optimism tepid trade flows are picking up. Yet hopes were offset by a realization that China's trade sector had a poor second quarter, with volumes contracting significantly from a...

  • BEIJING, July 13- China's June crude oil imports rose 27 percent on year, customs data showed on Monday, putting the world's second largest economy into contention again for topping the United States as the biggest buyer of the commodity on international markets. China imported 29.49 million tonnes, or 7.176 million barrels per day in June, data from the General...

  • BEIJING July 13- Prices for German luxury cars in China are tumbling as the country's stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers. After a fall-off in customer traffic and orders, a dozen BMW stores run by a dealer group with showrooms across...

  • FOREX-Euro unnerved as Greek deal remains elusive Sunday, 12 Jul 2015 | 7:08 PM ET

    *Euro zone says Greece must pass reform laws before bailout talks. SYDNEY, July 13- The euro fell broadly early on Monday after a weekend emergency summit billed as the' final meeting on Greece' ended with no deal but just more deadlines, dealing a blow to investors who had hoped for some kind of resolution to Athens' debt crisis. The inconclusive talks on Sunday, which...

  • BEIJING July 11- Prices for German luxury cars in China are tumbling as the country's stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers. A China- based spokesman for Mercedes-Benz owner Daimler AG could not immediately be reached for comment.

  • BEIJING July 11- Prices for German luxury cars in China are tumbling as the country's stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers. A China- based spokesman for Mercedes-Benz owner Daimler AG could not immediately be reached for comment.

  • Treasuries prices fell on Friday with yields hitting their highest in a week as a second-day recovery of Chinese stock prices and hopes of a Greece debt deal reduced the safehaven allure of U.S. government debt. The rush from Treasuries intensified after remarks from Federal Reserve Chair Janet Yellen who told a local business group in Cleveland, Ohio that she...

  • *China bonded copper premiums climb $5 to $70. MELBOURNE, July 10- London copper slipped on Friday in volatile trade and was set for a weekly fall, as concerns persisted over the global economy even as hopes grew that Greece would strike a deal with creditors and as China's stock markets recovered. "The issues around Greece certainly have weighed on sentiment and if...