BRASILIA/ SAO PAULO, Dec 5- Brazil's central bank said on Thursday its string of six interest rate hikes have had a lagging effect on inflation, signaling policymakers could be ready to slow one of the world's most aggressive monetary tightening cycles.» Read More
SAO PAULO, Dec 3- Brazil's economy contracted in the third quarter for the first time since early 2009, falling short of expectations yet again as plunging investment and idle factories wiped out what had already been sluggish growth.
LONDON/ NEW YORK, Dec 2- Increased demand boosted global manufacturing activity last month as U.S. factories expanded at their fastest pace in 2-1/ 2 years and Chinese output suggested improvement in the world's second largest economy.
LONDON/ BEIJING, Dec 2- Increasing demand for manufactured goods drove global factory activity higher last month but the spurt in the euro zone masked a widening disparity among some of the bloc's key members.
BEIJING, Dec 2- Asia's manufacturing-sector expansion held around multi-month highs in November, factory surveys showed, with China maintaining its momentum but growth in other key exporters such as Japan, South Korea and Taiwan picking up speed.
BEIJING, Dec 2- China's factory growth stabilised in November aided by firm demand, a pair of surveys showed, a sign of resilience in the world's second-largest economy that augurs well for its plans for structural reforms.
BRASILIA, Nov 27- Brazil raised interest rates on Wednesday for the sixth straight time, ending a short-lived era of single-digit borrowing costs that failed to reignite Latin America's largest economy and instead fed inflation.
*China's factory sector grows at weaker pace. LONDON/ NEW YORK, Nov 21- U.S. factory output rebounded this month but hiring remained sluggish, while business activity across the euro zone and at China's manufacturers slowed, surveys showed on Thursday. And patchy recoveries in developed countries are sapping demand for China's manufactured goods.
*China's factory sector grows at weaker pace. LONDON, Nov 21- The fragile global economic recovery took a step backwards this month as businesses across the euro zone and China's vast factory sector grew at a milder pace, business surveys showed on Thursday.
BEIJING, Nov 21- Activity in China's vast factory sector grew at a milder pace in November as new export orders shrank, a preliminary survey showed on Thursday, bolstering expectations the economy could lose some of its vigour in the fourth quarter as Beijing shifts its focus to structural reform.
LONDON, Nov 20- Federal Reserve Chairman Ben Bernanke, who has steered the U.S. economy through the worst financial crisis and recession in many generations, has received a glowing review from economists for his overall performance two months before he steps down.
José Ángel Gurría, secretary general at the OECD, says the world economy is stuck in "first gear" and that growth prospects are "sluggish."
Editor: Malcolm Davidson +44 20 7542 6958. BRUSSELS/ FRANKFURT- A leading international think-tank urged the European Central Bank to loosen the purse strings further and buy euro zone government and corporate bonds to accelerate a weak recovery. Credit Suisse private bank co-heads confident of growth.
BEIJING, Nov 19- China's annual economic growth is likely to accelerate to 8.2 percent in 2014 from an expected 7.7 percent this year, driven by stronger domestic demand, the OECD said on Tuesday.
*Australian and New Zealand dollars outperform on China reforms. LONDON, Nov 18- Higher-yielding currencies such as the Australian and New Zealand dollars rose against the U.S. dollar and yen on Monday, boosted by buoyant stock markets as investors cheered China's economic reform plans.
*Australian and New Zealand dollars outperform on China reforms. LONDON, Nov 18- The dollar and the yen fell on Monday against growth-linked currencies which drew support from higher stock markets as investors cheered prospects of more economic reform in Asian powerhouse, China.
BEIJING, Nov 15- China released a raft of detailed reform plans on Friday, promising sweeping changes to the economy and the country's social fabric as it seeks to unleash new sources of growth after three decades of breakneck expansion show signs of faltering.
HONG KONG, Nov 15- China's production of refined copper may have been inflated by more than 15 percent this year, smelter sources said, raising fresh concerns about the quality of data from the world's second-largest economy. Fake invoicing inflated China's overall trade- imports and exports- figures by about $75 billion in January-April of this year.
HONG KONG, Nov 15- China's yuan steadied against the dollar on Friday on suspected central-bank intervention via big state-owned banks to stem the currency's rise after an early bout of dollar-selling by companies.
NEW YORK, Nov 14- U.S. Answering questions before the Senate Banking Committee, Yellen said while the central bank's bond buying will not go on forever, it is important not to end it prematurely since the economy is still fragile.
The People's Bank of China and the Reserve Bank of India were worried that sticking with traditional policy rates or bank reserves would have had a greater impact on the overall economy and slowed growth, which they wanted to avoid. Both central banks should be applauded for doing that, "said Frederic Neumann, co-head of economic research at HSBC in Hong Kong.