World Economy Economic Regions

  • TASHKENT, May 24- China's investment in Uzbekistan now matches that of former Soviet overlord Russia, according to a figure announced on Tuesday by Chinese Foreign Minister Wang Yi, highlighting Beijing's growing role as a regional economic powerhouse. China has invested a total of $6 billion in the Central Asian nation, Wang told reporters in Tashkent, where...

  • May 11- The price of Brent crude oil should rebound in the next year to about $76 a barrel as consumption continues to increase in coming years, a key U.S. energy agency said on Wednesday. The U.S. Energy Information Administration anticipates increased growth in fuel consumption, largely through growth in emerging economies in Asia, the Middle East and Africa, it...

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

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

  • HONG KONG/ BENGALURU, April 21- Bad debts at Asian banks have climbed to their highest since the global financial crisis and the trend will likely worsen as regional economies battle against China's slowdown and volatile oil and commodities prices, a Reuters data analysis shows. "We expect asset quality to weaken and bad loans to increase... the key factor we see is...

  • WASHINGTON, April 13- The U.S. economy continued to expand from late February to early April and low unemployment appears to be spurring an uptick in wage growth, the Federal Reserve said on Wednesday. Pay increased in all but one of the Fed's 12 regional bank districts and several reported signs of a pickup in wage growth, the U.S. central bank said in its Beige Book...

  • SANTIAGO, April 9- A United Nations body has cut its modest economic growth projection for Latin America in 2016 and is now forecasting an average contraction in regional gross domestic product of 0.6 percent. The Santiago- based Economic Commission for Latin American and the Caribbean, citing low commodities prices and financial market volatility, cut its...

  • WEDNESDAY, APRIL 6 ST LOUIS- Federal Reserve Bank of St. Louis President James Bullard gives welcome remarks before a Homer Jones Memorial Lecture event- 2230 GMT. CLEVELAND- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the U.S. and regional economic outlook and monetary policy before a joint Cleveland Association for Business...

  • 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.

  • A rescue program agreed for Cyprus on Monday represents a new template for resolving euro zone banking problems, the head of the region's finance ministers said.

  • Grab Opportunities in the Current Market Pull Back .

    Michael McCarthy, Chief Market Strategist, CMC Markets says that the current market pull-back is an opportunity to buy stocks. But investors should practice caution.

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    China’s economic slowdown is not good for the U.S., as exports to China create jobs for Americans. And economists doubt that China will return to its previous growth rates, the Fiscal Times reports.

  • China's Economy Worse Than We Thought?

    Adrian Mowat, JPMorgan chief Asian equity strategist, provides perspective ahead of China's latest GDP figures and discusses whether the country's economy is headed for a hard landing.