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  • PBoC Governor calls for vigilance on deflation Sunday, 29 Mar 2015 | 1:05 AM ET

    China's central bank governor Zhou Xiaochuan warned on Sunday that the country needs to be vigilant for signs of deflation.

  • BOAO, China, March 29- China's central bank governor Zhou Xiaochuan warned on Sunday that the country needs to be vigilant for signs of deflation and said policymakers were watching slowing global economic growth and declining commodity prices. "Inflation in China is also declining. Last week, Zhou said China could undermine structural reforms if it adopts an...

  • China c.bank governor calls for vigilance on deflation Saturday, 28 Mar 2015 | 11:40 PM ET

    BOAO, China, March 29- China's central bank governor Zhou Xiaochuan warned on Sunday that the country needs to be vigilant for signs of deflation and said policymakers were watching the downward trend of the global economy and declining commodity prices. Zhou was speaking at a high-level forum in Boao, on the southern Chinese island of Hainan.

  • US Treasury's Lew to press China on yuan: officials Friday, 27 Mar 2015 | 11:34 PM ET

    U.S. Treasury Secretary Jack Lew will press Chinese officials next week to adopt a more market-determined exchange rate policy, Treasury officials said on Friday.

  • DIARY- Top Economic Events to April 10 Friday, 27 Mar 2015 | 8:01 PM ET

    STONE MOUNTAIN, United States- Federal Reserve vice chair Stanley Fischer speaks at dinner before the 2015 Financial Markets Conference hosted by the Federal Reserve Bank of Atlanta- 2315 GMT. RICHMOND, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, March 2015" before the Greater Richmond Chamber of...

  • China's yuan was devalued sharply in the 1990 s and for years China intervened heavily in exchange markets to keep it weak, raising complaints from U.S. manufacturers. Since 2005, China has let its currency appreciate by about 25 percent, and the Treasury officials repeated statements made in February that China recently appeared to be intervening a lot less.

  • With big projects, Ethiopia shedding famine stereotype Friday, 27 Mar 2015 | 11:52 AM ET

    ADDIS ABABA, Ethiopia— Ethiopia's planned new airport on the outskirts of the capital is still years from becoming a reality but Tewodros Dawit can already envision how grand it will look. Britain, long a source of charitable aid for Ethiopia, announced last month that Ethiopia's growing economy means the time has come for "transitioning support toward...

  • Brazil federal police report massive tax fraud scheme Friday, 27 Mar 2015 | 10:28 AM ET

    SAO PAULO— The federal police agency said Friday it has begun legal proceedings against companies allegedly involved in a fraud scheme that has cost Brazil's public coffers almost $2 billion in unpaid fines and taxes. A federal police press officer said Friday that more than 50 companies in the industrial, financial and agricultural sectors are being...

  • Brazil's economy barely avoided recession last year Friday, 27 Mar 2015 | 9:56 AM ET

    RIO DE JANEIRO— Brazil's economy grew just 0.1 percent last year, barely keeping the country out of a recession, the government's statistics bureau said Friday. It was the worst result since 2009 and bad news for President Dilma Rousseff, whose popularity has plummeted along with Brazil's economic performance. IBGE said Brazil's 2014 GDP totaled 5.52 trillion...

  • China's coal use falling faster than expected Thursday, 26 Mar 2015 | 5:00 PM ET

    *Coal for power dipped in 2014, expected to drop again. SINGAPORE/ BEIJING, March 27- China is reducing coal use for power generation faster than expected as the use of cleaner-burning fuels and slowing economic growth drags thermal utilisation rates to a potential record low, implying imports and prices will fall further. Coal still makes up nearly two-thirds...

  • Russian minister predicts new interest rate cut Thursday, 26 Mar 2015 | 12:33 PM ET

    MOSCOW— Russian Economic Development Minister Alexei Ulyukaev says that the country's central bank could cut interest rates next month as the economy stabilizes. The Bank of Russia raised its key interest rate sharply to 17 percent in December when the ruble crashed to record lows against the dollar, but has since cut it for two months in succession as the...

  • China quietly drops limit on foreign fund investments Thursday, 26 Mar 2015 | 8:55 AM ET

    SHANGHAI, March 26- China's foreign exchange regulator granted a foreign fund management company a quota of more than $1 billion on inbound portfolio investment for the first time on Thursday, in a move toward increasing international use of the yuan currency. Hitherto, only foreign central banks, monetary authorities and sovereign wealth funds had been...

  • MOSCOW, March 26- Russia's top lender Sberbank said its profit fell 20 percent last year, hit by a steep rise in its loan-loss provisions due to an economic crisis. The bank's funding costs also jumped due to Western sanctions imposed on Russia- which limit its access to international capital markets- and central bank rate rises, while its profitability slipped...

  • DIARY- Top Economic Events to April 8 Wednesday, 25 Mar 2015 | 8:01 PM ET

    ROME- European Central Bank president Mario Draghi addresses the Italian parliament's finance and EU policy committees- 1200 GMT. LONDON- Bank of England to publish Financial Policy Committee statement- 0930 GMT. FRANKFURT- Federal Reserve Bank of St. Louis President James Bullard gives OMFIF Public Lecture on the economy and monetary policy- 0835 GMT.

  • MOSCOW— As the economic crisis sweeps through Russia, a dangerous trend is emerging in this heavy-drinking country: the rise in consumption of potentially lethal moonshine, medical alcohol or even cleaning products. Layoffs, wage cuts and price increases are combining to worsen the problem of alcoholism, which has long been a major public health issue, by...

  • DIARY- Top Economic Events to April 7 Tuesday, 24 Mar 2015 | 8:01 PM ET

    HELSINKI- European Central Bank policy board member and Bank of Finland Governor Erkki Liikanen will brief the press on monetary policy and global economy- 0900 GMT. LONDON- European Central Bank policymaker Peter Praet takes part in panel discussion on "Global Economic Recovery- a Tale of Many Parts" at the International Financial Services Forum- 1025 GMT.

  • BEIJING/ LONDON, March 24- Britain weighed in on Tuesday to the debate on anointing the yuan as a major reserve currency, saying the issue was "very live" after Beijing asked the IMF to include the currency in its Special Drawing Rights basket. "China will speed up the basic convertibility of yuan on the capital account and provide more facility for domestic...

  • LONDON/ NEW YORK, March 24- Euro zone businesses ramped up activity this month as the European Central Bank started printing money to spur economic growth, while a slowdown among Chinese factories fueled expectations of more monetary stimulus. The Eurozone Composite Flash Purchasing Managers' Index from data vendor Markit, based on surveys of thousands of...

  • HONG KONG— China's manufacturing fell to the lowest level in nearly a year as new orders shrank, according to a report Tuesday that underscored the weakening outlook for the world's second biggest economy. HSBC's preliminary manufacturing index based on a survey of factory purchasing managers dropped to an 11- month low of 49.2 in March from February's 50.7.

  • *HSBC/ Market flash PMI signals persistent weakness in economy. BEIJING, March 24- Activity in China's factory sector dipped to a 11- month low in March as new orders shrank, a private survey showed, signalling persistent weakness in the world's second-largest economy that will likely fuel calls for more policy easing to support growth. The flash HSBC/ Markit...