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  • BEIJING, July 22- International Monetary Fund Managing Director Christine Lagarde said on Friday Brexit meant the global growth forecast was revised down and that uncertainty from Britain's decision to leave the European Union should be removed as soon as possible.

  • PARIS, July 21- Dassault Aviation cut its delivery forecast for Falcon business jets by 17 percent after posting lower first-half operating income and revenue on Thursday, hit by a price battle in the economically sensitive business jet market. Chief Executive Eric Trappier said the first half had been marked by economic and geopolitical uncertainty,...

  • ASUNCION, July 21- Paraguay's central bank said on Thursday the country's economy would expand by 3.5 percent this year, up from a previous forecast of 3.0 percent, boosted by faster growth in livestock, meat and construction output. Paraguay is the world's fourth-biggest soybean exporter. The central bank said domestic consumption and public spending in the...

  • PARIS, July 21- Dassault Aviation cut its delivery forecast for Falcon business jets by 17 percent after posting lower first-half operating income and revenue on Thursday, hit by a price battle in the economically sensitive business jet market. Chief Executive Eric Trappier said the first half had been marked by economic and geopolitical uncertainty,...

  • LONDON, July 21- Bank of England asset purchases helped boost inflation after the financial crisis but its forward guidance has had no significant effect, research co-authored by Monetary Policy Committee member Martin Weale concluded on Thursday. The central bank faces a decision in two weeks on what form of stimulus, if any, it should adopt to cushion...

  • FRANKFURT, July 21- The European Central Bank kept interest rates unchanged on Thursday but left the door open to more policy stimulus, highlighting "great" uncertainty and abundant risks to the economic outlook. Signalling a readiness to act, ECB President Mario Draghi argued that Britain's decision to leave the European Union and weak emerging market growth...

  • CHICAGO, July 21- Union Pacific Corp on Thursday reported a lower quarterly net profit that was hurt by falling freight volumes, especially coal, and warned the strong U.S. dollar, soft global economy and weak consumer demand would keep weighing on the No. 1 U.S. railroad's business in the second half of 2016.. The Omaha, Nebraska- based company said overall freight...

  • July 21- Confidence in prospects for the global economy has been dented following Britain's vote to leave the European Union, with a growing view that monetary policy is a fading force and many governments now need to borrow and spend, Reuters polls showed. "Given how fragile the global economy is nearly eight years after the start of the global financial crisis,...

  • *Japan preparing stimulus of at least 20 trillion yen- reports. LONDON, July 21- The dollar touched a six-week high against the yen on Thursday, bolstered by reports of a doubling of initial expectations for economic stimulus from Tokyo and bets that the Bank of Japan will ease policy next week. "The market expects something in easing from the BOJ next week, so that is...

  • BRASILIA, July 20- Brazil's central bank kept interest rates on hold for the eighth consecutive meeting on Wednesday as expected, despite a deep recession, as a new board cited concern about stubbornly high inflation and uncertainty surrounding economic reforms. In a longer and more detailed decision statement than in the past, the central bank said its...

  • TOKYO, July 21- Confidence at Japanese manufacturers held steady in July but was expected to worsen to zero in the next three months, a Reuters poll found, as Britain's vote to exit the European Union further clouded the outlook for Japan's export-reliant economy. The Reuters Tankan, which tracks the Bank of Japan's quarterly tankan survey, also found the service...

  • BRASILIA, July 20- Brazil kept interest rates on hold for the eighth straight time on Wednesday as expected, in the first decision of a new central bank board that said it was too soon to cut rates despite a crippling recession. "The text format changed completely, but the main message remained the same: The conditions for interest rate cuts are not there yet and it...

  • *Jobless rate hit new 10- year low before June 23 vote. LONDON, July 20- The Bank of England said it had seen no clear signs yet of damage to British companies after the vote to leave the European Union, and one of its policymakers said she would wait for more evidence of a slowdown before backing an interest rate cut. The BoE had warned before the June 23 referendum that...

  • BRASILIA, July 20- Brazil's government may not need a further freeze spending to meet fiscal goals because revenues are expected to recover in the second half of the year as the recession-hit economy stabilizes, government officials said on Wednesday. Interim President Michel Temer's chief of staff, Eliseu Padilha, told reporters later on Wednesday that the...

  • *Jobless rate hits new 10- year low in run-up to June 23 vote. LONDON, July 20- The Bank of England said on Wednesday it had seen no clear signs yet of a sharp economic slowdown after last month's vote to leave the European Union, raising questions over how aggressively it will act to boost the economy when it meets next month. A Reuters poll on Wednesday showed...

  • REUTERS POLL-EURO ZONE 2017 GDP FORECAST CUT TO 1.3 PCT FROM 1.6 PCT ONE MONTH AGO; FRANCE, ITALY ALSO CUT.

  • LONDON, July 20- The Bank of England said it saw "no clear evidence" that a sharp economic slowdown was yet under way after last month's vote to leave the European Union, though there were signs investment and hiring were being put on hold. The BoE's regional agents- who are spread around Britain and speak regularly with companies- said on Wednesday that business...

  • But Hong Kong's Hang Seng index rose 0.8 percent to 21,841.73 and Australia's S&P/ASX 200 gained 0.6 percent to 5,481.30. Stocks in mainland China and Taiwan were lower but in Indonesia and Singapore, stock indexes were higher. GLOBAL OUTLOOK: The IMF said Tuesday that Britain's decision to leave the European Union will reduce global economic growth this year...

  • SHANGHAI, July 20- China stocks were flat on Wednesday amid weak trading volumes as investors sought leads from economic data about possible policy direction in the mainland. The next possible clues about the economic outlook may come from the Purchasing Managers' Indexes, due Aug. 1. "I think it's normal, there's been some recent data releases including...

  • TEL AVIV, July 20- Israel's Finance Ministry on Wednesday lowered its economic growth forecast for 2016 by 0.3 percentage point to 2.5 percent, citing weak global growth that has hurt Israeli exports. The improvement in wages and the labour market support growth in government revenues, the ministry said, as it raised its 2016 forecast by 4.2 billion shekels to...