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  • Russia's stock market indexes also dropped, following weaker oil prices. The rouble has lost more than 40 percent since the beginning of the year, weakened by a slide in oil prices and aversion to Russian assets that has been fuelled by Russia's standoff with the West over Moscow's role in the Ukraine conflict. Russia's central bank raised its main lending rate...

  • *New lending jumps 56 pct as Beijing orders up more support. BEIJING, Dec 12- China's economy showed further signs of fatigue in November, with factory output growth slowing more than expected and growth in investment near a 13- year low, putting pressure on policymakers to unveil fresh stimulus measures. Weighed down by a sagging housing market, China's economic...

  • Total social financing, a broader measure of overall liquidity in the economy, jumped 74 percent from October to 1.15 trillion yuan, the People's Bank of China said on Friday. Analysts had expected banks to make 650 billion yuan of loans last month, up from 548.3 billion yuan in October, but sources told Reuters this week that Beijing had ordered lenders to extend...

  • HONG KONG, Dec 12- Hong Kong shares edged down on Friday as investors stayed cautious, with some worrying that good U.S. retail data will cause the Federal Reserve to starting raising interest rates not too far into 2015.. Among the most actively traded stocks on Hong Kong's main board were Mongolian Mining Corp, up 31.3 percent to HK $0.02, CCT LAND, unchanged at HK...

  • BEIJING, Dec 12- China's economy showed further signs of fatigue in November, with factory growth slowing more than expected and investment expansion hovering near a 13- year low, putting pressure on policymakers to unveil stronger stimulus measures. A surprise interest rate cut by China's central bank last month signalled policymakers' growing concern...

  • China's factory output growth declines Friday, 12 Dec 2014 | 2:47 AM ET

    BEIJING— Growth in China's factory output declined further in November in a new sign of weakness in the world's second-largest economy. The report came after Chinese leaders at an annual planning meeting affirmed their commitment to the "new normal" of slower growth as they try to steer China toward a more sustainable expansion based on domestic consumption.

  • BEIJING, Dec 12- China's economy showed further signs of fatigue in November, with factory growth slowing more than expected and investment expansion hovering near a 13- year low, putting pressure on policymakers to unveil stronger stimulus measures. A surprise interest rate cut by China's central bank last month signalled policymakers' growing concern...

  • BEIJING, Dec 12- China's industrial output rose by a less-than-expected 7.2 percent in November from a year earlier, though retail sales expanded 11.7 percent, beating forecasts, the National Bureau of Statistics said on Friday. China's economic growth slowed to 7.3 percent in the third quarter, the weakest pace since the global financial crisis, despite a...

  • *Traders stay wary with Brent below $65, U.S. crude near $60. Benchmark Brent oil remained below $65 a barrel while U.S. crude traded not far from the $60 support level in choppy trade. "For the moment at least, we're focused on the positives of this oil drop rather than the negatives like deflation and freeze on investments in energy spending," said Phil Flynn, analyst at...

  • MOSCOW, Dec 11- Russia's central bank raised its main lending rate by 100 basis points to 10.5 percent on Thursday to prop up the rouble but failed to stop the currency sinking to a new low. The inability to halt the rouble's decline after a fall in oil prices and Western sanctions over the Ukraine crisis pose a growing challenge for President Vladimir Putin as his...

  • Chinese leaders affirm commitment to slower growth Thursday, 11 Dec 2014 | 6:18 AM ET

    It warned China faces "downward pressure" on growth due to weak global demand and "increasing difficulties for business." China must "understand the new normal, adjust to the new normal and develop under the new normal," said the statement. The official Xinhua News Agency noted he was invoking a term first popularized by Pimco, the giant U.S.-based bond fund manager,...

  • Russia's ruble under pressure despite rate rise Thursday, 11 Dec 2014 | 5:57 AM ET

    MOSCOW— The ruble hit another record low against the dollar Thursday even after Russia's Central Bank sought to ease the selling pressure on the currency by raising interest rates again. The Central Bank raised its key interest rate by a percentage point to 10.5 percent, citing an increasing rise in consumer prices and "significant inflation risk."

  • Few oligarchs can beat Russia's weakening economy Thursday, 11 Dec 2014 | 1:00 AM ET

    MOSCOW, Dec 11- Russia's oligarchs are no strangers to misfortune, asset grabs, forced investments and financial crises. Even those close to President Vladimir Putin are not shielded from plunging oil prices and the economic downturn. Gas producer Novatek, in which an investment vehicle belonging to sanctioned Putin ally Gennady Timchenko has a 23 percent...

  • MUMBAI, Dec 10- Waiting for the right moment to cut interest rates, India's central bank faces a problem over public perceptions that price rises will return to double-digits even though forecasts show retail inflation fell to a record low of 4.5 percent last month. Explaining why he left the policy rate at 8.0 percent, despite inflation's steep fall from over 11...

  • LONDON, Dec 10 (Reuters)- Copper slipped on Wednesday from two-week highs hit in the previous session, with hopes for more monetary policy easing in China overshadowed by worries over swelling supplies and weak global growth. Data out earlier showed China's consumer inflation hit a five-year low of 1.4 percent in November, stoking expectations that Beijing...

  • China mulling cigarette tax bump to curb smoking Wednesday, 10 Dec 2014 | 4:19 AM ET

    BEIJING— China's government is likely to raise cigarette taxes in order to boost prices and deter smoking, an official said Wednesday, amid a push by the nation of 300 million smokers to crack down on the habit. The National Health and Family Planning Commission is joining with other government agencies to lobby for an increase in tobacco taxes, commission...

  • Former Chinese economic planner jailed for graft Wednesday, 10 Dec 2014 | 4:05 AM ET

    BEIJING— A former deputy head of the agency that steers China's state-dominated economy was sentenced Wednesday to life in prison for taking bribes, adding to a growing toll of prominent figures ensnared in an anti-corruption crackdown. Liu Tienan was accused of receiving 36 million yuan in bribes from companies including petrochemical and auto...

  • *November CPI +1.4 pct y/y, -0.2 pct m/m. BEIJING, Dec 10- China's inflation hit a five-year low in November, stoking expectations that Beijing will move more aggressively to head off the risk of deflation in a slowing economy, which put fresh life into soaring share markets after a reversal on Tuesday. Investors have been calling for China to ease monetary policy...

  • BEIJING, Dec 10- China's yuan strengthened against the dollar on Wednesday, recovering from a sharp slide in the previous session, with some traders suspecting the central bank is propping up the currency behind closed doors in the name of maintaining stability. The sharpness of the slide tested the People's Bank of China's public commitment to reduce...

  • China's inflation rate declines in November Tuesday, 9 Dec 2014 | 11:11 PM ET

    BEIJING— China's inflation rate fell further in November as the rise in food prices moderated, giving Chinese leaders room if needed to pump more stimulus into the slowing economy. Low inflation gives Beijing room to cut interest rates or launch new stimulus spending with less concern about setting off a price spike. Beijing cut interest rates Nov. 22 in an...