Economic Regions BRICS

  • LIMA, Nov 15- Peru has started talks with China about joining a Beijing- backed trade pact for the Asia Pacific region even as it holds out hopes that U.S. Trade Minister Eduardo Ferreyros said he hopes Peru will someday be part of both proposed tariff-slashing deals- the Trans Pacific Partnership with the United States and the Regional Comprehensive Economic...

  • BRASILIA, Nov 15- The International Monetary Fund's executive board said on Tuesday the Brazilian economy could be close to pulling out of a grueling recession, but faces a long and bumpy recovery that hinges on the approval of unpopular reforms. In its considerations of the IMF staff's annual report on Brazil, the executive board said that despite the new...

  • By Svetlana Reiter and Andrey Kuzmin. MOSCOW, Nov 15- Russian President Vladimir Putin dismissed Economy Minister Alexei Ulyukayev on Tuesday over allegations he extorted a $2 million bribe from top oil producer Rosneft, a case that could expose fault lines in the Russian leader's inner circle. Ulyukayev, who a Moscow court ruled should be put under house...

  • MOSCOW, Nov 15- Russian Economy Minister Alexei Ulyukayev on Tuesday denied extorting a $2 million bribe after Rosneft, Russia's biggest oil company, helped authorities organise a sting on him in a case that could expose fault lines in Vladimir Putin's inner circle. Ulyukayev, who a Moscow court ruled should be put under house arrest for two months until Jan. 15,...

  • MOSCOW, Nov 15- Russian investigators on Tuesday charged Economy Minister Alexei Ulyukayev with extorting a $2 million bribe from Rosneft, Russia's biggest oil company, in a case that threatens to expose fault lines in President Vladimir Putin's inner circle. Ulyukayev, a 60- year-old technocrat whose ministry has been overseeing a sale of state assets, is the...

  • LONDON, Nov 15- China has already met its target of cutting 45 million tonnes of steel production capacity this year, according to the country's top economic planning body, the National Development and Reform Commission. It may even eliminate a bit more over the last couple of months of 2016.. Beijing's planners do targets well, particularly when they have...

  • BEIJING, Nov 14- China's central bank sold a net $39.2 billion worth of foreign exchange in October, data showed on Monday, easing from an eight-month high hit in September but still indicating continued official interventions to support the yuan. Net foreign exchange sales by the People's Bank of China amounted to 267.9 billion yuan, according to Reuters...

  • SHANGHAI, Nov 14- Shanghai's benchmark stock index reached a 10- month high on Monday, as there are more signs that China's economy is steadying, but the outlook for further gains is cloudy. China's economy largely showed further signs of steadying in October as expected, but disappointing retail sales growth and fears of U.S. trade frictions under incoming...

  • *Oct data shows economy steadying on policy support. *Jan-Oct investment growth quickens slightly, beats expectations. BEIJING, Nov 14- China's economy largely showed further signs of steadying in October as expected, but disappointing retail sales growth and fears of U.S. trade frictions under incoming President Donald Trump are increasingly clouding the...

  • *Oct data shows economy steadying on policy support. *Jan-Oct investment growth quickens slightly, beats expectations. BEIJING, Nov 14- China's economy largely showed further signs of steadying in October as expected, but disappointing retail sales growth and fears of U.S. trade frictions under incoming President Donald Trump are increasingly clouding the...

  • HONG KONG, Nov 13- While Beijing has been busily damming up official channels for money to leave China, more than ever is leaking out through shady means as investors flee the country's slowing economy and weakening currency. Industry executives say there is no likelihood of any thaw in the coming months, so investors are seeking other means to get their cash out,...

  • *Oct new loans 651.3 bln yuan, vs f'cast 700 bln yuan. BEIJING, Nov 11- Chinese banks extended 651.3 billion yuan in net new yuan loans in October, below expectations and falling sharply from September, as policymakers pledged to prevent asset bubbles in the increasingly debt-fueled economy. Analysts polled by Reuters had expected new lending to have fallen back...

  • *China's household debt doubles in less than decade. SHANGHAI, Nov 11- Single-mother Li Ying helps explain why household debt in China may be a bigger risk to the giant economy than previously thought. Faced with expensive medical bills to treat breast cancer, the 38- year-old nurse from Heilongjiang in northern China is struggling to repay her mortgage and...

  • *Hong Kong to release quarterly economic data. SHANGHAI, Nov 11- Hong Kong stocks fell on Friday as investors braced for data later in the day which is expected to show the city's economic growth slowed sharply in the third quarter. Mainland China's blue-chip CSI300 index edged up 0.5 percent to 3,405.90 by the lunch break, while the Shanghai Composite Index...

  • BEIJING, Nov 10- China is disappointed that the European Union hasn't completely recognized its market economy status, commerce ministry spokesman Shen Danyang said on Thursday in a sign that Beijing will continue to press the EU to relax its anti-dumping rules. The EU and many of China's other trading partners have been debating whether to grant China "market...

  • BRASILIA, Nov 9- Brazil's government on Wednesday congratulated U.S. Brazil's currency weakened around 1.6 percent against the dollar in afternoon trade and the main Sao Paulo stock index fell more than 1 percent due to risk aversion and uncertainty over economic policy following Trump's victory. Temer sees boosting trade with the United States and drawing...

  • MOSCOW, Nov 9- Russia's economic outlook has improved and the commodity-dependent economy is set to return to growth as soon as next year, the World Bank said on Wednesday. "This growth upsurge, however, is unlikely to turn the tide in terms of building a more diversified economy," the World Bank said in a regular report. Adding a note of caution, the World Bank said...

  • MUMBAI/ NEW DELHI, Nov 9- Indians struggled to pay for basics goods like food and fuel on Wednesday and wondered how to get hold of their cash, after India suddenly withdrew 500 and 1,000 rupee notes from circulation in a bid to flush out money hidden from the tax man. India's National Stock Exchange share index slumped as much as 6.3 percent in early trade before...

  • BEIJING, Nov 9- China's producer prices jumped more than expected in October as prices of coal and other raw materials surge in the midst of a supply crunch and a pickup in the economy. Factory prices rose 1.2 percent on-year, the fastest pace since December 2011, after turning marginally positive in September for the first time in nearly five years, the National...

  • BEIJING, Nov 9- China's producer prices jumped more than expected in October as prices of coal and other raw materials surge in the midst of a supply crunch and a pickup in the economy. Factory prices rose 1.2 percent on-year, the fastest pace since December 2011, after turning marginally positive in September for the first time in nearly five years, the National...