WASHINGTON, Dec 1- International Monetary Fund policymakers stressed the need for further economic reforms in China and saw some operational challenges in adding China's yuan currency to the fund's benchmark currency basket, the IMF said on Tuesday. The IMF's executive board on Monday admitted the yuan, also known as the renminbi, to the Special Drawing...» Read More
China will maintain a "prudent" monetary policy and a pro-active fiscal policy in 2013, leaving room for manoeuvre in the face of global uncertainties, the official Xinhua news agency said after the country's annual policy-setting conference on Sunday.
Growth in China's factory output and retail sales hit an eight-month high in November as consumer inflation bounced off 33-month lows in the latest sign that its economy is snapping out of a protracted slump.
China's annual consumer inflation rebounded from 33-month lows to 2 percent in November, dimming the chance for more monetary policy easing as its economy recovers.
Chinese labor arbitrators have ruled against the father of a Foxconn worker brain-damaged in a factory accident in southern China.
China will maintain its fine-tuning of economic policies in 2013 to ensure stable economic growth, state television quoted Chinese Communist Party chief Xi Jinping as saying on Tuesday.
Mexico is the next hot market, but Africa disappoints.
The wealthy will pay more taxes but spend more, too.
The currency area's escape route hinges more on the pace of expansion in the United States and China, lifting the world economy, than on the policy mix in Europe, which will continue to favour austerity over growth in 2013.
China's economy picked up in November but a broader global recovery remains fragile and patchy, a clutch of surveys suggested, with activity elsewhere in Asia remaining subdued amid depressed demand from the developed world.
Japan's industrial output unexpectedly rose in October in a sign the world's third-largest economy may have seen the worst of the effects of weak global trade and a diplomatic row with China.
India's economy probably expanded near its slowest pace in three years in the quarter to September, according to a Reuters poll.
Among active stocks, construction equipment maker Komatsu rallied 3.2 per cent to Y1, 672 on receding concerns over its outlook following second-quarter results. Hitachi jumped 3.2 per cent to Y423 after maintaining its full-year profit forecast.
New data reveal a staggering increase in billionaires’ wealth as a percentage of national income in India to a whopping 22 percent in 2008.
Despite huge efforts to keep the euro zone afloat, business leaders now believe that some of the region’s most troubled countries are riskier places to invest than war-torn nations in the Middle East or North Africa.
Tony Volpon, Strategist for Latin America, Nomura says that Brazil will need to cut interest rates this week.
Mykolas Rambus, Chief Executive Officer, Wealth-X says that some high-end brands are growing faster in Brazil than in China. He sheds more light on this.
There's a growing backlash against the BRIC countries — an acronym created by Jim O'Neill of Goldman Sachs for Brazil, Russia, India and China, as the four biggest emerging markets have underperformed their peers.
The country’s economy continues to grow even in the face of a global economic slowdown, the country’s president, Susilo Bambang Yudhoyono, told CNBC’s “Closing Bell” on Monday.
James Ross, senior portfolio manager at Alliance Bernstein, tells CNBC, "The long-term bull story for emerging markets is definitely there because the growth rates are going to be twice the growth rates for developed markets."
Brazil, Russia, India and China – together termed BRICs have been an investment disaster and were a marketing-led concept , according to John-Paul Smith, emerging markets equity strategist at Deutsche Bank.