Brazil suffered a recession in the first half of the year as investment plunged and the country's hosting of the World Cup suffocated economic activity.» Read More
RIO DE JANEIRO— Brazil's economy, once an emerging-market darling, fell into recession, according to government data released Friday, as millions of new middle class citizens tightened their belts and further dampened a credit-driven spending spree.
SAO PAULO, Aug 29- Brazil suffered a recession in the first half of the year as investment plunged and the country's hosting of the World Cup suffocated economic activity, a major blow to President Dilma Rousseff's already diminishing hopes for reelection in October.
LONDON, Aug 29- The euro lifted off its lows and the region's shares sagged on Friday as a new five-year low in euro zone inflation was viewed as not extreme enough to force the European Central Bank back into its increasingly bare policy cupboard.
*FTSEurofirst 300, Euro STOXX 50 up 0.1 pct. *Euro STOXX 50 set for best monthly gain since Feb. LONDON, Aug 29- European shares trimmed their early gains on Friday as euro zone inflation data slightly cooled market speculation about fresh monetary stimulus by the European Central bank.
For most of August, stocks have managed to shake off geopolitical conflicts from Ukraine to Gaza and Iraq. "The market has a good underlying tone," said Mike Levine, portfolio manager of Oppenheimer Equity Income Fund. Even in a quiet day of trading ahead of the Labor Day holiday, stocks eked out a gain.
*Share markets weak as Russia- Ukraine tensions swirl. LONDON, Aug 29- The euro was near a year low and on course for a fourth week of falls on Friday ahead of what was expected to be another stodgy euro zone inflation reading, and as tensions with Russia over Ukraine kept the region on edge.
SINGAPORE, Aug 29- U.S. crude futures stayed above $94 a barrel on Friday, holding overnight gains as positive economic data boosted the outlook for demand in the world's largest oil consumer. *U.S. crude had edged down 2 cents to $94.53 a barrel by 0024 GMT, after settling up 67 cents on Thursday.
*Euro wilts as tensions between Ukraine& Russia flare up. SYDNEY, Aug 29- The safe-haven yen held firm early on Friday, while the euro was on track to post its second straight month of declines as tensions between Ukraine and Russia flared up again.
BRASILIA, Aug 28- Brazil's finance minister waded into the country's presidential campaign on Thursday, warning that an opposition victory in the October election could push the economy into recession and undo a decade of social gains under the ruling Workers' Party.
*Rejected as pariah by West, Mugabe welcomed in Beijing. HARARE/ BEIJING, Aug 28- Snubbed by a U.S.-hosted gathering of African leaders this month, Zimbabwe's veteran President Robert Mugabe has turned again to "old friend" China, but even Beijing's support may not be enough to rescue his country's sinking economy.
LONDON, Aug 28- The euro clung to modest gains and a rally in Europe's share and bond markets cooled on Thursday as investors put bets on possible fresh ECB stimulus next week on hold ahead of German inflation data.
MINSK, Aug 26- Russia may provide some state support for sanctions-hit oil producer Rosneft, but significantly less than it has asked for, Economy Minister Alexei Ulyukayev said on Tuesday.
NEW YORK, Aug 25- Brent crude oil edged higher on Monday while U.S. crude fell in light trading, as support from geopolitical tensions in Ukraine and Libya offset ample supplies and anticipated weak demand after a slew of disappointing economic data from the United States and Europe.
NEW YORK, Aug 25 (Reuters)- Brent crude oil rose on Monday and U.S. crude fell in light trading, as support from geopolitical tensions in Ukraine and Libya countered ample supplies and anticipated weak demand after a slew of disappointing economic data from the United States and Europe.
BEIJING— Zimbabwe's President Robert Mugabe met with Chinese leader Xi Jinping on Monday on a visit to China hoping the long-time ally and economic giant can help the African nation's ailing economy.
SAO PAULO/ BRASILIA, Aug 22- Many of Brazil's biggest retailers, homebuilders and carmakers are cutting jobs as Latin America's largest economy teeters on the edge of recession, a fresh blow to President Dilma Rousseff's re-election bid.
NEW DELHI, Aug 21- Indian government officials painted an upbeat picture for the economy on Thursday as it struggles to emerge from the longest spell of sub-par growth in decades and promised to tighten up risk management at the country's dominant state banks.
*Business activity growth slows in China and Europe. LONDON/ BEIJING/ NEW YORK, Aug 21- Business growth in China and across Europe slowed this month, surveys showed on Thursday, but U.S. activity picked up speed, leaving a mixed picture of global economic growth.
*China, Mongolia sign deals on mining, finance cooperation. *Struggling economy forces Mongolia to tilt towards China.
HONG KONG/ SHANGHAI, Aug 21- China's Bank of Communications Co Ltd said on Thursday it expects bad loans to rise this year as businesses in major manufacturing regions suffer in a slowing economy, the second big lender to make such a forecast this week.