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  • 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...

  • *Teck Resources restarts US zinc mine idled in 2009. SYDNEY, Dec 17- Copper futures firmed on Thursday, nudged higher by stronger oil prices and positive signs from a survey of Chinese companies. Meanwhile, Canadian miner Teck Resources Ltd shipped its first zinc concentrate from the Pend Oreille mine in the U.S. state of Washington, following the restart of the...

  • 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...

  • MOSCOW, Dec 17- The Russian economy stagnated in November, data published on Wednesday showed, making it even more likely that the rouble's rapid collapse so far this month will push it into recession next year. Investment by Russian companies, once a staple of the country's economic performance, fell sharper than expected last month, underlining pressure from...

  • Markets rule, 'Russia is on its knees': Altman Wednesday, 17 Dec 2014 | 8:05 AM ET
    Roger Altman, Evercore Partners founder and chairman.

    Capital markets are the superpower in today's world, and they have Russia on its knees, Evercore Partners founder Roger Altman said.

  • MOSCOW, Dec 16- The rouble plunged more than 11 percent against the dollar on Tuesday in its steepest intraday fall since the Russian financial crisis in 1998 as confidence in the central bank evaporated after an ineffectual rate hike. It has now fallen close to 20 percent this week, taking its losses this year against the dollar to more than 50 percent and...

  • MOSCOW, Dec 16- The rouble plunged more than 11 percent against the dollar on Tuesday in its steepest intraday fall since the Russian financial crisis in 1998 as confidence in the central bank evaporated after an ineffectual rate hike. It has now fallen close to 20 percent this week, taking its losses this year against the dollar to over 50 percent and raising...

  • 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...

  • emerging market selloff@ Dec 16- An aggressive overnight interest rate hike by Russia's central bank prompted a short-lived recovery in the rouble that quickly faded on Tuesday amid a broad emerging market selloff. The MSCI emerging stocks index traded 0.85 percent lower, on track for an eighth day in the red amid a wave of risk aversion after the Russian...

  • China raises estimate of size of economy Tuesday, 16 Dec 2014 | 4:14 AM ET

    BEIJING— China on Tuesday raised its official estimate of last year's gross domestic product, possibly moving closer to passing the United States as the biggest economy. Last year's official GDP value will be raised by 3 percent following a regular economic census, the director of the National Bureau of Statistics, Ma Jiantang, said at a news conference.

  • Asian stocks mixed after Wall Street slide Tuesday, 16 Dec 2014 | 4:01 AM ET

    The ruble, under pressure from falling oil prices and Western sanctions over Moscow's conflict with Ukraine, had fallen as much as 20 percent before recovering. Benchmark U.S. crude rose 2 cents to close at $55.93 a barrel in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, fell $1.20 to close at $59.86 in London.

  • Ruble collapse shakes Russian economy, consumers Tuesday, 16 Dec 2014 | 2:17 AM ET

    The Kremlin has tried to shift blame for Russia's economic woes, accusing the West of inflicting economic pain on Russia in an attempt to force a regime change. The market plunge defied a whopping pre-dawn interest rate hike of 6.5 percentage points by Russia's Central Bank aimed at defending the currency. "Now is the exact time to make all the purchases you've...

  • BEIJING, Dec 16- Activity in China's factory sector shrank in December for the first time in seven months as new orders declined, a preliminary private survey showed on Tuesday, adding to expectations that more stimulus may be needed to avert a sharper economic slowdown. The flash HSBC/ Markit manufacturing purchasing managers' index fell to 49.5 in December...

  • MOSCOW, Dec 16- Russia's central bank raised its key interest rate to 17 percent in the early hours of Tuesday morning in an emergency move to halt a collapse in the rouble as oil prices decline and the country's sanctions-hit economy slides towards recession. The decision is effective from Dec. 16 and brings the cumulative increase in the one-week minimum...

  • Russia raises key rate to protect ailing economy Monday, 15 Dec 2014 | 5:48 PM ET

    WASHINGTON— The Bank of Russia has raised its key interest rate to 17 percent from 10.5 percent in a desperate move to boost its currency and rescue its troubled economy. The action announced Tuesday in Moscow comes after the ruble's value has sunk roughly 50 percent since January, battered by Western sanctions imposed over the conflict in Ukraine and plunging...

  • As Ukraine truce holds, Russia vows economic pain Monday, 15 Dec 2014 | 12:53 PM ET

    KIEV, Ukraine— Fighting in eastern Ukraine between government troops and Russian-backed separatist forces has ground almost to halt. That should be good news for Ukraine, but Russia looks intent to pile on the economic misery. In a detailed op-ed piece Monday, Russian Prime Minister Dmitry Medvedev painted a grim forecast of Russian economic blockades ahead...

  • LONDON, Dec 15- Russia's rouble has tumbled to successive record lows against the dollar, shrugging off central bank interventions and interest rate rises, and paying heed to only one factor- the oil price. To defend the currency, Russia's central bank cranked up its main lending rate by 100 basis points last Thursday to 10.5 percent- the fifth increase so far this...

  • BEIJING, Dec 14- China's economic growth could slow to 7.1 percent in 2015 from an expected 7.4 percent this year, held back by a sagging property sector, the central bank said in research report seen by Reuters on Sunday. China's exports are likely to grow 6.9 percent in 2015, quickening from this year's 6.1 percent rise, while import growth is seen accelerating to...