Economic Regions BRICS

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  • SAO PAULO, Jan 28- Debt restructuring firms are poised to pull in record amounts of business in Brazil this year as the country's worst recession in decades and a corruption probe that has cast a shadow over dozens of companies leads to a surge in defaults. Scenting an opportunity, U.S. restructuring shops including FTI Consulting Inc, Houlihan Lokey Inc, and...

  • *China's main indexes have lost $1.8 trillion in 2016. *People's Daily says market ructions do not reflect economy. SHANGHAI, Jan 28- China's volatile shares were lower again on Thursday, taking losses this month to about 23 percent or 12 trillion yuan, while state media insisted that the market ructions did not reflect the real economy.

  • SAO PAULO, Jan 26- Most Latin American currencies strengthened on Tuesday as oil prices rose above $30 per barrel, fostering demand for commodity-linked assets. "Oil prices remain the main driver of currency movements this year," said Glauber Romano, a trader at Intercam brokerage in Sao Paulo. Mexico's central bank governor Agustin Carstens said over the...

  • LONDON, Jan 25- European stock markets fell on Monday as oil prices reversed earlier gains to tumble 4 percent, while weak business sentiment numbers from Germany highlighted growing concerns about the outlook for the global economy. Still, with oil prices holding above $30 a barrel, world stock markets remained above multi-year lows hit last week.

  • *China- led global slowdown clouds the outlook. TOKYO, Jan 25- Japan's exports fell the most in more than three years in December from a year earlier, stoking fears of economic contraction in the final quarter of 2015 as a slowdown in China and emerging markets takes its toll on the export-reliant economy. Such weak data should keep the Bank of Japan under pressure to...

  • Bank of Japan Governor Haruhiko Kuroda, speaking on the same panel at the World Economic Forum in Davos, said he believed China should use capital controls to stabilize its currency while keeping domestic monetary policy loose. Asked whether she would back capital controls by China for a period, Lagarde avoided a direct reply but said: "Certainly a massive use of...

  • TOKYO, Jan 22- Asian stocks rose on Friday after a hint of more monetary easing by the European Central Bank and a bounce in crude oil from 12- year lows helped soothe skittish markets. Japan's Nikkei jumped 3.5 percent to move away from a 15- month low struck Thursday. Speculation for more easing also favoured Tokyo shares amid hopes that the Bank of Japan would opt...

  • SAO PAULO, Jan 21- The Brazilian real slumped 1.7 percent on steady interest rates while Mexico's peso tumbled to a record low on Thursday, even as hopes for more monetary stimulus buoyed other markets across the region. Brazil's central bank surprised many investors and held its benchmark interest rate steady late on Wednesday, sending the currency as low as...

  • SAO PAULO, Jan 21- Brazil's real currency slipped to near its weakest ever against the U.S. dollar on Thursday after the central bank surprised markets by holding interest rates steady, even as inflation is running at more than 10 percent a year. Tombini's note said the bank's decision would take into account a sharp cut in the International Monetary Fund's 2016...

  • FRANKFURT, Jan 21- Economic deceleration in China has had a negative impact on the outlook for the euro zone, but the European Central Bank also has confidence in Beijing authorities' ability to manage the slowdown, ECB President Mario Draghi said. ECB rate setters discussed China during Thursday's meeting, Draghi told a news conference after the central bank...

  • BEIJING, Jan 21- China has the means to ward off a sharper slowdown in the economy, especially on the fiscal side, Fang Xinghai, vice chairman of China's Securities Regulatory Commission said on Thursday at a session at the World Economic Forum in Davos. "In China, we cannot afford to let the growth rate drop too sharply, because that will ignite a lot of financial...

  • BEIJING, Jan 21- The impact on China from the global economy and lower commodity prices is deepening, but the country's economic fundamentals are good and Beijing will make sure the economy runs within a reasonable range, the cabinet said on Thursday. The State Council reiterated that the government would tackle over-capacity in the steel and coal sectors...

  • *Global market, growth outlook darkens. LONDON, Jan 21- The depth and ferocity of the selloff in world stocks and commodities so far this year has forced investors into a dramatic rethink of what the world's major central banks will do in 2016.. And this week the International Monetary Fund surprised no one when it cut its global growth forecasts for this year and...

  • BRASILIA, Jan 20- Brazil's central bank kept interest rates on hold on Wednesday as it bet the worst recession in decades would temper double-digit inflation, but the surprise move fuelled concern over political interference in policy. Tombini said policy makers had to take into account the International Monetary Fund's "significant" cuts to Brazil's growth...

  • Over the past 28 years-- or 336 months-- only 12 months have seen bigger losses in the MSCI World stock index than January 2016. Lowering the International Monetary Fund's 2016 world growth forecast by another 0.2 percentage points to 3.4 percent this week, IMF chief economist Maurice Obstfeld said markets were reacting' very strongly' to bits of evidence in a...

  • On China's Main Streets: a need to keep shoppers shopping Wednesday, 20 Jan 2016 | 6:55 AM ET

    SHANGHAI, Jan 20- More potential bad news for the global economic outlook: Chinese shoppers, who largely propped up growth last year, are likely to trim spending this year; dining out less often, delaying smartphone upgrades and cutting out impulse buys. China's economy grew at its slowest rate in a quarter of a century last year, and analysts credited consumers...

  • DAVOS, Switzerland, Jan 20- Central banks still have more firepower they can use to counter a slowdown in global growth, which does not change the outlook for recovery in the euro zone, European Economics Commissioner Pierre Moscovici said on Wednesday. In an interview with Reuters Television at the World Economic Forum in Davos, Moscovici said he did not believe...

  • Citi cuts aluminium price forecast on rising China exports. MELBOURNE, Jan 20- London copper eased on Wednesday on jitters over the slowdown in China's economy, although losses were curbed by hopes Beijing could roll out more stimulus measures. China's volatile stock markets fell on Wednesday, but chatter about imminent policy stimulus provided some support...

  • BRASILIA, Jan 20- Growing fears about Brazil's deepest recession in decades could prompt the central bank on Wednesday to keep interest rates on hold or opt for a smaller increase than previously signaled, analysts say. Many economists changed their forecasts to a 25- basis-points rate increase from 50 basis points after central bank chief Alexandre Tombini...

  • MANILA, Jan 20- Gold edged higher on Wednesday as a further fall in equities and oil burnished bullion's safe-haven draw, although the metal was restricted to narrow ranges. *Spot gold was up 0.2 percent at $1,088.66 an ounce by 0035 GMT. *The International Monetary Fund cut its global growth forecasts for the third time in less than a year, as new figures from Beijing...