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  • *Q2 GDP +0.7 pct s/adj q/q. SEOUL, July 26- South Korea's economy grew at an unexpectedly robust 3.2 percent annual rate in the second quarter, driven by firmer domestic consumption and capital investment, but analysts said the lift would probably be temporary. Gross domestic product expanded 0.7 percent in April-June, following 0.5 percent growth in the first...

  • South Korea's economy grew 0.7 percent in April-June over the previous quarter, as domestic consumption and capex improved.

  • *Q2 GDP +0.7 pct s/adj q/q. SEOUL, July 26- South Korea's economy grew 0.7 percent in April-June over the previous quarter, the central bank estimated on Tuesday, accelerating modestly from the previous three-month period as domestic consumption and capex improved. Tuesday's data offered some hope as Asia's fourth-largest economy struggles to escape low...

  • SEOUL, July 26- South Korea's economy grew 0.7 percent in April-June over the previous quarter, the central bank estimated on Tuesday, accelerating modestly from the previous three-month period as domestic consumption and capex improved. It follows 0.5 percent growth for the first quarter. The Bank of Korea estimates showed private consumption rose by a...

  • SEOUL, July 26- Following are details of the advance estimates of South Korea's gross domestic product for the April-June period of 2016 by the Bank of Korea:. OVER PREVIOUS QUARTER, SEASONALLY ADJUSTED Q2 2016* Q1 2016. Private consumption 3.2 2.2 Government consumption 3.7 4.5 Facilities investment -2.6 -4.5 Construction investment 10.6 9.6 Investment on IP...

  • CHENGDU, China, July 24- Downward pressure on the Chinese economy remains fairly large but it should be able to expand more than 6.5 percent this year, Bai Chongen, a policy adviser to the central bank and professor at Tsinghua University, told Reuters on Sunday. China's policymakers have already done a lot on the monetary policy front, Bai said, adding he agreed with...

  • SEOUL, July 22- North Korea's economy contracted in 2015 at the sharpest pace in eight years, an estimate from the Bank of Korea showed on Friday, as low global commodity prices landed a blow to exports, a key driver for the impoverished country's economy. The gross domestic product in North Korea last year fell a real 1.1 percent, South Korea's central bank said,...

  • (hold off thanks, TV had LT problem)What is the main focus of the Chengdu G20 summit?

    Zhu Guangyao, vice finance minister of China, says the main focus is to improve the global economy and promote financial market stability.

  • LONDON, July 21- Already hamstrung by the battle to compete with online rivals, Britain's major clothing retailers now risk a hit to sales and profits from the higher costs and plummeting consumer confidence that have followed the vote to leave the European Union. With consumer spending accounting for three quarters of Britain's gross domestic product any...

  • The use of fossil fuels, metal ores and non-metallic minerals has accelerated rapidly since 2000 as emerging economies such as China transform their industries and cities, requiring unprecedented amounts of iron, steel, cement, energy and construction materials. The global economy now needs more material per unit of gross domestic product than it did at the...

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

  • A new report shows how health insurers in the US pay a higher amount for certain prescription drugs and common surgeries compared to other developed countries.

  • The U.K's vote to leave the European Union has pushed the International Monetary Fund to cut its world growth forecast for this year and next.

  • ACCRA, July 18- Ghana has cut its 2016 economic growth forecast sharply to 4.1 percent from 5.4 percent due to lower export prices and irregular oil production, Finance Minister Seth Terkper told Reuters on Monday. Ghana, which also produces cocoa and gold, is following an International Monetary Fund program to restore fiscal balance and spur growth, which...

  • ACCRA, July 18- Ghana has cut its 2016 economic growth forecast to 4.1 percent from 5.4 percent due to lower export prices and irregular oil production, Finance Minister Seth Terkper told Reuters on Monday. Oil output was halted between March and May at the offshore Jubilee field due to a breakdown on a production ship, and the country lost millions of dollars in...

  • BEIJING, July 18- China has room to increase its fiscal deficit ratio to between 4 and 5 percent to more effectively boost the economy, official media quoted a central bank official as saying. China's current fiscal deficit target is 3 percent of gross domestic product, up from an actual 2.4 percent in 2015.. But there is room for a slight increase, the Shanghai...

  • BEIJING, July 18- China has room to increase its fiscal deficit ratio to between 4 and 5 percent to more effectively boost the economy, official media quoted a central bank official as saying. China's current fiscal deficit target is 3 percent of gross domestic product, up from an actual 2.4 percent in 2015.. But there is room for a slight increase, the Shanghai...

  • China slowdown ahead?

    Ken Brown, Columnist at The Wall Street Journal, discusses the Chinese economy following better-than-expected GDP for the second quarter.

  • Q2 GDP tracking at 2.7

    Atlanta Federal Reserve President Lockhart comments on rate hikes this year; and CNBC's Steve Liesman reports second quarter GDP is tracking at 2.7 according to economists' estimates.

  • WASHINGTON, July 15- U.S. retail sales rose more than expected in June as Americans bought motor vehicles and a variety of other goods, bolstering views that economic growth picked up in the second quarter. The bullish data and a rally on Wall Street could allow the Federal Reserve to raise interest rates later this year, but much will depend on policymakers'...