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  • *HSBC ends long tie-up with Markit on business activity surveys. SHANGHAI/ HONG KONG, June 26- HSBC has ended its marketing tie-up with financial information firm Markit Ltd, both companies told Reuters on Friday, winding down a five-year relationship that some industry insiders said may have become too expensive and a potential political liability for HSBC in...

  • SHANGHAI, June 26- China's yuan was flat on Friday as dollar sales by big state-owned banks offset rising corporate dollar demand for dividend payments at the end of the first half of the year, traders said. In another sign of its aim to keep the currency stable, the People's Bank of China set its official midpoint rate at 6.1137 per dollar prior to market open, 0.02...

  • SHANGHAI, June 26- HSBC has ended its marketing tie-up with financial information firm Markit Ltd to produce the China Purchasing Managers Index, an HSBC spokesperson in Shanghai told Reuters on Friday. The spokesperson described the cooperation with Markit to produce the closely-watched index, as a success but said that HSBC was moving to developing other...

  • Brazil's unemployment rates rises Thursday, 25 Jun 2015 | 1:19 PM ET

    SAO PAULO— Brazil's government says unemployment continues rising in Latin America's largest country. The country's IBGE statistics bureau said Thursday that the jobless rate in May was 6.7 percent, against 6.4 percent in April and 4.9 percent in May of last year. IBGE said that the jobless population in May remained stable at 1.6 million, but was almost 39...

  • U.S. to continue pressing China on currency policy -Lew Wednesday, 24 Jun 2015 | 6:58 PM ET

    WASHINGTON, June 24- The United States will keep pressing China to move to a market-determined exchange rate even after Beijing committed to intervene in currency markets only when market conditions are disorderly, Treasury Secretary Jack Lew said on Wednesday.

  • CORRECTED-Crisis? What crisis? Russia stalls on reform Tuesday, 23 Jun 2015 | 10:36 AM ET

    MOSCOW, June 23- Russia's interest rates are high and inflation is racing, but all the while his country slides into recession, President Vladimir Putin denies any economic crisis. It may be bravado linked to Moscow's standoff with the West over Ukraine. But with the European Union extending sanctions on Russia and the price of oil still low, Putin's refusal to...

  • Crisis? What crisis? Russia stalls on reform Tuesday, 23 Jun 2015 | 9:57 AM ET

    MOSCOW, June 23- Russia's interest rates are rising and inflation is racing, but all the while his country slides into recession President Vladimir Putin denies any economic crisis. It may be bravado linked to Moscow's standoff with the West over Ukraine. But with the European Union extending sanctions on Russia and the price of oil still low, Putin's refusal to...

  • *China, Japan factory growth sputters. June 23- A resurgence of activity in France helped euro zone businesses expand at their fastest rate in four years this month, the clearest sign yet that the European Central Bank's stimulus is driving a solid recovery in the region. But loose monetary policy in China and Japan failed to prevent factory activity there from...

  • MOSCOW, June 23- Russia needs a more conservative approach towards its reserves, the central bank said on Tuesday, noting risks to financial stability from limited access to foreign capital, tighter U.S. monetary policy and volatile oil prices. The bank said in its Financial Stability Review that Russia was well hedged against global markets imbalances, but the...

  • Manufacturing output held steady as new orders and purchasing activity in China's massive manufacturing sector rose slightly from the month before. The results indicate that momentum in China's factories is slowing in the current quarter, which Fiddes said "suggests that authorities in Beijing may step up efforts to stimulate growth and job creation" in...

  • MOSCOW— The Russian state-controlled company building the country's new space center has dismissed a sub-contractor after it failed to pay wages to more than 80 workers, leading them to go on strike to call attention to their plight. The problems are just the latest to befall the construction of the Vostochny Cosmodrome, which will give Russia its own facility...

  • MOSCOW, June 22- Russia plans to extend a ban on Western food imports for six months starting from early August and may add new products to the list, in retaliation to extended European sanctions against Moscow, officials said on Monday. European Union foreign ministers extended economic sanctions against Russia until Jan. 31 on Monday, keeping up pressure on...

  • HONG KONG, June 22- The increasing use of the yuan internationally could lead to a healthier global economy, but if Beijing fails to handle the project successfully it could spark currency wars and create systemic risk in financial markets, the Atlantic Council warned on Monday. The U.S. based global affairs think tank said China needs to be more transparent in...

  • Food price surge puts India's Rajan on the back foot Saturday, 20 Jun 2015 | 10:30 PM ET

    *The 3 items are 12 pct of India's consumer price index. AURANGABAD, India, June 21- Prices of many foodstuffs are surging in India, despite a good start to monsoon rains- an unexpected boon for wholesalers, but a major headache for the central bank and a government hoping for its help to reboot the economy. Bond and stock traders in Mumbai have been left compulsively...

  • ST PETERSBURG, Russia, June 19- President Vladimir Putin boasted on Friday that Russia had found the "inner strength" to prevent sanctions causing a deep economic crisis, and told the West to stop using "the language of ultimatums." Investment in Russia has slowed to a trickle, capital flight has risen and the economy has been sliding into recession since oil prices...

  • BEIJING, June 19- China's central bank and commercial banks bought a net $5.2 billion in foreign exchange in May, official data showed, indicating small money inflows, but analysts still expect further policy easing to support the slowing economy. Data published by the State Administration of Foreign Exchange on Thursday showed that banks alone bought a net...

  • ST PETERSBURG, Russia, June 18- A former finance minister proposed on Thursday bringing forward the next presidential election to give his ally, Vladimir Putin, a stronger mandate to reform the economy and guide Russia through a financial "storm." Russia is sliding into recession, with economic sanctions imposed by the West over Moscow's role in the Ukraine...

  • Russian industrial output slide deepens in May Tuesday, 16 Jun 2015 | 10:23 AM ET

    MOSCOW, June 16- Russian industrial output fell in May at its fastest pace since October 2009, official data showed on Tuesday, underlining that the country's sanctions-hit economy has yet to bottom out. As in previous months, output of certain food items subject to an import ban introduced in response to Western sanctions over the Ukraine conflict...

  • China trying a policy twist to cut borrowing costs Monday, 15 Jun 2015 | 5:00 PM ET

    *Beijing now trying to bring down long-term yields. BEIJING, June 16- China is looking for new ways to lower stubbornly high long-term borrowing costs and stop the fruits of its looser monetary policy being pumped into speculative plays instead of supporting its slowing economy, policy insiders say. In a bid to reverse that trend, policy insiders say the People's...

  • WASHINGTON, June 12- A team from the International Monetary Fund is visiting China as part of the global lender's review over whether to include the Chinese yuan in its basket of currencies, an IMF official said on Friday. "As part of the review, an IMF team is visiting China to have technical discussions," the official said in an email. Beijing is pushing to get the yuan...