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  • 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...

  • 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...