Economic Regions BRICS

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  • *China copper imports surge 35.7 pct in March on month. MELBOURNE, April 13- London copper hit its highest in almost a fortnight on Wednesday and Shanghai metals surged as strong Chinese copper imports in March built on gains fueled by a falling dollar. The stronger-than-expected import and export growth added to evidence of economic recovery in China, said...

  • MOSCOW, April 12- Russian Finance Minister Anton Siluanov said on Tuesday that the country's budget deficit could reach up to 4 percent of gross domestic product this year if oil prices stay at current levels. Hit by falling prices for crude oil, the country's main export, which together with a small basket of other commodities make up half of government revenues,...

  • *Russia faces 2nd year of recession in 2016. MOSCOW, April 12- Russian Finance Minister Anton Siluanov said on Tuesday that the budget deficit could reach up to 4 percent of gross domestic product this year if oil prices stay at current levels. Hit by falling crude prices- the country's main exports, which together with a small basket of other commodities make up...

  • SYDNEY, April 12- China's slowdown might not be quite as severe as first feared but its "momentous" shift from investment-led growth is still having a chilling effect on trade globally, the International Monetary Fund said on Tuesday. The Washington- based organisation cited recent policy stimulus from Beijing as it nudged up forecasts for China's growth, even...

  • NEW DELHI, April 12- India's retail inflation eased in March to a six-month low, helped by smaller rises in food prices, giving relief to policymakers as they strive for faster economic growth without unleashing price pressures. Raghuram Rajan, governor of the Reserve Bank of India, cut policy rates by 25 basis points last week to a more than five-year low, saying he...

  • *Q1 GDP data due Friday, April 15 at 0200 GMT. SHANGHAI, April 12- Economists say that China grew at its slowest pace since the financial crisis in the first quarter, highlighting continued downward pressure on the world's second largest economy despite some tentative recent signs of stabilization. China's economy grew 6.9 percent in 2015, its slowest rate in...

  • STRASBOURG, April 11- France's economy minister on Monday sought to pressure the European Commission into raising import tariffs to similar levels as the United States to help Europe's ailing steel industry. France, Britain and Germany are among the countries that have already asked the Commission to help the steel industry, which is suffering from an import...

  • Federal Reserve, the Bank of England and the European Central Bank all have been disappointed to varying degrees about how little inflation has picked up, or indeed how it has spent too much time going the opposite way. Even in China, where it is difficult to fathom the sheer magnitude of fiscal and monetary stimulus Beijing has piled on since the financial crisis,...

  • BEIJING, April 8- The G20 summit to be hosted by China this year should be about economics and not political issues like territorial disputes, China's foreign minister said on Friday, firing a warning shot ahead of the country's biggest diplomatic event of the year. Japan next month hosts a summit of Group of Seven nations, which China is not a part of, and has...

  • *Investors shrug off surprise rise in China forex reserves. SHANGHAI, April 8- China stocks fell nearly 1 percent on Friday morning ahead of a slew of economic data, with some investors locking in profit from a month-long rebound that reflects expectations for a strong first quarter. Hong Kong shares also dropped, tracking weak global markets, as bank shares...

  • BENGALURU, April 7- Emerging Asian currencies are set to weaken further in the coming year, but not as much as thought a few months ago, as expectations the U.S. China's yuan has been one of the main sources of global financial market turmoil since last August, when the People's Bank of China devalued it in an attempt to support economic growth as risks of a sharp...

  • *Analysts say aim of probe is to curb China exports. *China metal producers have been turning abroad as economy slows. April 6- The U.S. International Trade Commission said on Wednesday it had launched an investigation into the U.S. aluminum industry and the global trade in the metal, a move that analysts said was aimed at staunching a steady flow of exports from...

  • MOSCOW, April 6- Russian poverty rates will return to 2007 levels this year as the economy continues to contract and inflation reduces people's purchasing power, the World Bank said on Wednesday. The number of poor people in Russia will rise to more than 20 million out of a population of over 140 million, the World Bank said, the largest increase in poverty since the...

  • *March new loan f'cast 1.05 trln yuan vs Feb's 726.6 bln yuan. *End-March FX reserves seen at $3.18 trln vs $3.2 trln at end-Feb. BEIJING, April 6- China's exports likely returned to growth for the first time in nine months in March while the pace of bank lending may have picked up, adding to signs that the world's second-largest economy may be stabilizing.

  • *Activity in China's service sector strengthened in March. SHANGHAI, April 6- China's main share indexes stayed firm at their highest levels since early January as the latest survey on China service sector activity provided fresh evidence of a nascent economic recovery. March's moderate expansion in the service sector, which follows rises in...

  • MSCI's broadest index of Asia-Pacific shares outside Japan was barely in positive territory after falling to its lowest level since March. 16. Alex Wolf, emerging markets economist at Standard Life Investments said it is still too early to call an economic stabilization in China because property inventories are still very high and much of the recent...

  • Lagarde: Economic recovery too slow

    India's banks are not expanding credit growth and Narendra Modi's reform process is not happening quick enough, explains HSBC's Frederic Neumann.

  • LONDON, April 5- Europe's major economies ended the first quarter on a sour note, with lacklustre growth in nearly all key business surveys, as jitters about a global slowdown and fears Britons may vote to leave the European Union weighed on demand. The latest Purchasing Managers Indexes will make glum reading for European Central Bank policymakers, coming just...

  • MUMBAI, April 5- India's central bank cut its policy interest rate by 25 basis points to 6.50 percent on Tuesday, reducing it to a more than five-year low while dangling the prospect of another cut later this year if inflation trends stay benign. Having been frustrated by commercial banks' reluctance to lower interest rates for borrowers in the past, Reserve Bank...

  • SYDNEY, LONDON, NEW YORK, April 1- Activity in China's factory sector grew for the first time in nine months during March to bring a hint of spring to the global economy, although growth remained weak in Europe, and subdued in the U.S. Headlining in Asia was a rise in the official version of the Chinese Purchasing Managers' Index to 50.2, above the 50- point mark that...