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World Economy Economic Regions

  • BRASILIA, Dec 1- Venezuela will probably be suspended from the Mercosur regional trade bloc for failing to meet membership requirements, three Brazilian government sources said on Thursday, in another blow to Caracas during a deep political and economic crisis. Venezuela had until Thursday to meet requirements that included economic, human rights and...

  • BRASILIA, Dec 1- Venezuela will likely be suspended from the Mercosur regional trade bloc this week for failing to meet membership requirements, three Brazilian government sources said on Thursday, in another blow to Caracas amid a deep political and economic crisis. Venezuela had until Dec. 1 to meet requirements that included economic, human rights and...

  • MEXICO CITY, Nov 22- A renegotiation of the NAFTA free trade deal would hit the Mexican economy through uncertainty and suspended investments, Central Bank Governor Agustin Carstens said on Tuesday. President-elect Donald Trump has said that the North American Free Trade Agreement favors Mexico at the expense of U.S. workers and has vowed to try to rewrite the...

  • BERLIN, Nov 18- Slowly but surely, the economic policy tide in Europe is turning, and it may only be a matter of time before Germany is swept up. By adding its voice this week to the long list of institutions pressing Germany to spend more, the European Commission left Berlin looking more isolated and out-of-step than at any time since the outbreak of the global...

  • SEOUL, Nov 17- South Korea and six Central American countries have reached a free trade deal that will eliminate tariffs for more than 95 percent of export items from Asia's fourth-largest economy including autos, steel and textiles, the Korean trade ministry said on Thursday. South Korean trade minister Joo Hyung- hwan met with his counterparts from Nicaragua,...

  • MEXICO CITY, Nov 10- Mexico is willing to discuss the North American Free Trade Agreement with U.S. Economy Minister Ildefonso Guajardo said Mexico aims to persuade Trump how beneficial NAFTA, which took effect in 1994 between the United States, Mexico and Canada, had been for North America, despite the American's criticism of the deal. Mindful of the fact that...

  • SANTIAGO, Oct 12- The United Nations' Latin American arm predicted on Wednesday that the economy of Latin America and the Caribbean will contract 0.9 percent in 2016, a slight downward revision from a 0.8 percent contraction the body predicted in July. Growth in the region in 2017 is seen at 1.5 percent. Country-by-country growth in 2016 is seen at -1.8 percent in...

  • Sept 29- PepsiCo Inc reported better-than-expected quarterly net revenue and profit, helped by higher demand for beverages and Frito-Lay snacks in North America. Revenue has fallen for the last eight quarters, hurt by high inflation in some Latin American economies such as Venezuela and Argentina and weak demand in Europe. Net income attributable to PepsiCo...

  • *Beige Book shows little sign of U.S. wage pressure. NEW YORK, Sept 7- A gauge of global equity markets reached its highest level in over a year on Wednesday and U.S. But comments from Richmond Fed President Jeffrey Lacker and Kansas City Federal Reserve President Esther George on Wednesday hinted that the possibility of a rate increase in September remained on the...

  • *Beige Book shows little sign of wage pressure. NEW YORK, Sept 7- A gauge of global equity markets was slightly higher after touching its highest level in over a year on Wednesday and U.S. But comments from Richmond Fed President Jeffrey Lacker and Kansas City Federal Reserve President Esther George on Wednesday hinted that the possibility of a rate hike in...

  • CAPE TOWN/ PORT ELIZABETH, Sept 7- South Africa's economy is likely to grow more than initially forecast this year but the pace remains slow and subject to risks including drought-induced food inflation, the finance minister and central bank governor said on Wednesday. Governor Lesetja Kganyago said the South African Reserve Bank is likely to revise its 2016...

  • *Nasdaq touches record intraday high. Sept 7- The S&P 500 index and the Dow were slightly lower on Wednesday as investors awaited a key report by the Federal Reserve to gauge the health of the U.S. economy. The Federal Reserve is scheduled to release its Beige Book- a summary of commentary on economic conditions- at 2:00 p.m. ET.

  • *Nasdaq touches record intraday high. Sept 7- The S&P 500 index and the Dow were slightly lower on Wednesday as investors awaited a key report by the Federal Reserve to gauge the health of the U.S. economy. The Federal Reserve is scheduled to release its Beige Book- a summary of commentary on economic conditions- at 2:00 p.m. ET.

  • *Global stocks near 13- month high. NEW YORK, Sept 7- A gauge of global equity markets moved to a near 13- month high on Wednesday and U.S. The Federal Reserve is scheduled to release its Beige Book- a summary of commentary on economic conditions- at 2 p.m. EDT on Wednesday.

  • *Apple to launch iPhone 7 later on Wednesday. Sept 7- The Nasdaq touched a record intraday high on Wednesday, helped by gains in technology shares, while the S&P 500 index and the Dow were little changed. "We've had three to four pieces of relatively disappointing economic data, so that puts some focus on today's Beige Book," said Art Hogan, managing director of...

  • *Apple to launch iPhone 7 later on Wednesday. Sept 7- Wall Street was set to open little changed on Wednesday as investors sought more clues on the timing of the next interest rate hike. "We've had three to four pieces of relatively disappointing economic data, so that puts some focus on today's Beige Book," said Art Hogan, managing director of Wunderlich Equity...

  • One veteran strategist told CNBC that central banks’ adoption of negative rates was “meaningless” for the foreign exchange markets.

  • Helicopters carrying piggy banks over clouds

    ECB President Mario Draghi said on Thursday that the bank had "never discussed" issuing so-called helicopter money.

  • UK Chancellor of the Exchequer George Osborne speaks at a Conservative Party Conference.

    George Osborne, the U.K.'s finance minister, will announce this year's budget on Wednesday and is expected to cut public spending further, despite the slowing British economy.

  • Most important thing is agility: BNP Paribas CFO

    Lars Machenil, CFO of BNP Paribas, talks about whether or not the bank will boost the capital ratio above regulatory requirements like some of its rivals.