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  • IMF postpones Cyprus loan tranche after foreclosure law Thursday, 18 Dec 2014 | 6:11 PM ET

    WASHINGTON, Dec 18- The International Monetary Fund on Thursday said it could no longer release funds to Cyprus under its bailout this week, after the euro zone government suspended a foreclosure law that was required under the loan program. Cyprus needed an international bailout of 10 billion euros from the European Commission and the International...

  • TOKYO, Dec 19- The Bank of Japan is set to keep monetary policy steady on Friday and may offer a brighter view of the economy, clinging to hope that joint efforts with Prime Minister Shinzo Abe to reflate the economy will prod companies into boosting wages and investment. The rate review will be the first since Abe's landslide victory in a Dec. 14 election that gave...

  • Gulf stocks gain with Dubai closing 13 percent up Thursday, 18 Dec 2014 | 7:52 AM ET

    DUBAI, United Arab Emirates— Gulf equity markets made massive gains Thursday with Dubai's main stock market rising 13 percent, just two days after closing at its lowest point of the year. Arabtec, Dubai's largest construction company, and Emaar, the developer behind the world's tallest tower in the United Arab Emirates, gained 15 percent Thursday on the Dubai...

  • LONDON, Dec 18- Emerging shares rose for a second straight day on Thursday while most currencies strengthened, lifted by the Federal Reserve's show of confidence in the U.S. economy, though Russia's rouble eased after two days of gains. Bourses in oil exporters Saudi Arabia and the United Arab Emirates bounced back strongly after dramatic falls earlier in the...

  • Japan to spend on stimulus, but keep issuance in check Wednesday, 17 Dec 2014 | 11:14 PM ET
    Japanese Prime Minister Shinzo Abe.

    Shinzo Abe has to strike a balance as Japan plans to spend $30B on a stimulus package to revive the economy while keeping bond issuance in check.

  • BEIJING, Dec 18- China's home prices fell in November for a third consecutive month versus year-ago levels, Reuters calculations from official data showed on Thursday, pointing to an intractable property downturn despite government efforts to energize the market. Yu Liang, president of leading residential developer China Vanke Co said at the weekend China...

  • View from the ground: China stabilizing, not slowing Wednesday, 17 Dec 2014 | 10:12 PM ET

    China's economy stabilized in the fourth quarter as the services sector and manufacturing sector strengthened, according to the China Beige Book.

  • China November home prices fall 3.7 pct yr/yr Wednesday, 17 Dec 2014 | 8:37 PM ET

    BEIJING, Dec 18- Average new home prices in China's 70 major cities fell 3.7 percent in November from a year earlier, the third consecutive month showing an annual fall, according to Reuters calculations from official data published on Thursday. Economists believe the cooling housing market poses the biggest risk to the world's second-largest economy, even as...

  • METALS-Shanghai copper climbs on China economy hopes Wednesday, 17 Dec 2014 | 8:31 PM ET

    SYDNEY, Dec 17- Shanghai copper inched up in early trade on Thursday on signs of economic stabilisation in China. *The most-traded copper contract on the Shanghai Futures Exchange had climbed 0.38 percent to percent to 45,440 yuan a tonne by 0105 GMT. *China's economy showed mild signs of stabilisation in the fourth quarter, but corporates remained cautious on...

  • NEW YORK, Dec 17- Economists at Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by next June and most expect the Fed to tighten policy more than once in 2015, a Reuters poll found after the U.S. central bank wrapped up a policy meeting on Wednesday. The Fed last raised interest rates in 2006 and has held its target policy...

  • The United States' commercial ties with Cuba were broken 54 years ago after Fidel Castro took over. Now U.S.- Cuba trade is poised to resume: President Barack Obama on Wednesday announced plans to re-establish diplomat relations with Havana, and economic ties are expected to follow. Gary Hufbauer and Barbara Kotschwar of the Peterson Institute for...

  • *Oil minister Hawrami "hopeful" on final Baghdad deal. LONDON, Dec 17- Iraq's semi-autonomous Kurdistan Regional Government will ramp up oil exports in the coming months, moving it closer to economic self-sufficiency while it works to clinch a final deal with Baghdad on crude sales and revenue sharing. KRG natural resources minister Ashti Hawrami told a...

  • *Lenders lift markets in Qatar, Abu Dhabi. DUBAI, Dec 17- Most Gulf stock markets regained strength on Wednesday as oil's slide paused, with blue chip banks pushing Abu Dhabi up sharply and Saudi Arabia's bourse jumping after the kingdom's finance minister said the government would continue spending heavily. Brent crude held below $60 a barrel on Wednesday, at...

  • TOKYO, Dec 17- A finance ministry's key fiscal panel has called for drastic steps to cut government spending and secure revenue to meet Tokyo's aim of halving the primary budget deficit next year, a draft proposal showed, describing the goal as "quite difficult". The draft proposal highlights the need for Prime Minister Shinzo Abe to continue efforts to restore...

  • FOREX-Dollar pulls away from lows as it awaits the Fed Wednesday, 17 Dec 2014 | 4:24 AM ET

    LONDON, Dec 17- The dollar edged higher on Wednesday after falling the previous day, when a Russian currency crisis took hold and speculation grew that the Federal Reserve might take a more cautious tone on monetary policy. After skidding oil prices helped Russia's rouble to plunge as much as 25 percent on Tuesday, an uneasy calm took hold, as Russia's finance...

  • Cheap oil offers mixed blessings for Asia  Wednesday, 17 Dec 2014 | 12:46 AM ET

    While oil exporters like Malaysia will suffer, lower energy prices are positive for the fiscal positions of a majority of Asian countries, says Rajiv Biswas, Asia-Pacific Chief Economist at IHS Global Insight.

  • 'Falling oil prices still a positive': UBS  Tuesday, 16 Dec 2014 | 8:15 PM ET

    Pu Yonghao, Regional CIO for Asia Pacific at UBS Wealth Management, discusses the winners and losers from the crash in oil markets.

  • Japan trade deficit grows despite drop in imports Tuesday, 16 Dec 2014 | 7:45 PM ET

    TOKYO— Japan logged a trade deficit in November, the 29th straight month of shortfalls, despite a slight decrease in imports thanks to the recent plunge in crude oil prices and Japan's return to recession. Japan's costs for oil imports sank 22 percent in November from a year earlier, reducing total imports by 1.7 percent from a year earlier to 7.1 trillion yen.

  • Japan November exports, imports below view Tuesday, 16 Dec 2014 | 6:52 PM ET

    Japanese exports undershot expectations in November despite the effects of a weaker yen, but rose for the third straight month suggesting a pick up in global demand.

  • SHANGHAI/ HONG KONG, Dec 16- China will slash export tariffs for coal from Jan. 1 and adjust those for a range of other commodities as part of broader efforts to re-order trade and foster economic growth. Despite the sharp drop in coal export taxes, industry experts said there was little risk of Chinese supplies flooding the Asian Pacific seaborne market as...

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