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Cyprus plans to lift a ban on casinos and offer firms tax exemptions on profits reinvested on the island under a package of reforms to kickstart its ailing economy, its president said on Monday.
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--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, April 2- It would be logical to assume that the rise in China's official Purchasing Managers' Index to an 11- month high would signal stronger commodity demand, but this isn't guaranteed.
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SINGAPORE, April 2- Brent crude steadied under $111 a barrel on Tuesday, supported by prospects of stronger appetite in Asia but hurt by concerns over the pace of economic recovery in top consumer the United States.
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SANTIAGO, April 2- Chile's central bank cut its 2013 inflation forecast on Tuesday but hiked its projection for growth in gross domestic product, citing the robust expansion of domestic demand as a risk to the nation's economy.
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Over the next decade, China's growth will slow, probably sharply. That is not the view of malevolent outsiders. It is the view of the Chinese government. The question is whether it will do so smoothly or abruptly. The Financial Times reports.
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*But refinery capacity expansion boosts China oil appetite. SINGAPORE, April 2- Brent crude steadied under $111 a barrel on Tuesday, supported by prospects of stronger appetite in Asia but hurt by concerns over the pace of economic recovery in top consumer the United States.
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China's official manufacturing purchasing managers' index released by the National Bureau of Statistics on Monday rose to an 11- month high of 50.9 in March, below a Reuters poll consensus forecast of 52.0.
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*Good month for South Korea, Japan, but Brazil, India slow. NEW YORK/ BEIJING, April 1- Strong demand at home boosted activity at Chinese factories last month, but U.S. manufacturing hit an unexpected speed bump after expanding rapidly in February, weakened by a slower pace of new orders.
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NICOSIA, April 1- Cyprus plans to lift a ban on casinos and offer firms tax exemptions on profits reinvested on the island under a package of reforms to kickstart its ailing economy, its president said on Monday.
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WASHINGTON-- U.S. manufacturing likely kept growing for a fourth straight month in March, adding to other signs of improvement in the economy. Economists forecast that the Institute for Supply Management's manufacturing index will slip to 54.0, down from 54.2 in February. Export orders rose, despite Europe's ongoing recession and slower growth in China.
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Hong Kong markets were closed on Monday. China's official manufacturing purchasing managers' index released by the National Bureau of Statistics rose to an 11- month high of 50.9 in March, above the 50- point level that indicates growth on the month, but below a Reuters poll consensus forecast of 52.0.
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NICOSIA, April 1- Cyprus plans to lift a ban on casinos and offer firms tax exemptions on profits reinvested on the island under a package of reforms to kickstart its ailing economy, its president said on Monday. With about 68 billion euros in its banks, Cyprus has a vastly outsized financial system that attracted deposits from abroad, especially Russia.
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BRASILIA, March 30- The Brazilian government postponed until next year increases in taxes on the sale of cars and trucks in a bid to stimulate demand for manufactured goods and spur economic growth, the Finance Ministry said on Saturday.
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By Leika Kihara and Kaori Kaneko. TOKYO, March 29- Japan's factory output unexpectedly dipped in February and a fourth consecutive drop in core consumer prices underscored the challenges the central bank faces in engineering economic recovery and achieving its 2 percent inflation target.
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NEW DELHI, March 28- A committee including government appointees should set monetary policy, a finance ministry panel recommended on Thursday, in a sign that the government aims to increase its say over policy while lessening the influence of the Reserve Bank of India governor.
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MUMBAI, March 28- India's current account deficit widened to a record high 6.7 percent of GDP in the December quarter, driven by heavy oil and gold imports and muted exports, in a worse-than-expected performance that will keep the rupee currency under pressure.
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BEIJING, March 28- China's industrial profits grew 17.2 percent in the first two months of this year from a year ago, official data showed on Thursday, adding to signs that a burgeoning macro economic recovery is being felt across the corporate sector.
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*Italian debt auction, Cyprus' capital control weigh. NEW YORK, March 27- Gold rose 0.5 percent on Wednesday, snapping a three-day losing streak, as renewed euro zone worries and hopes the Federal Reserve will continue its loose monetary policy triggered bullion buying.
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*Italian debt auction, Cyprus' capital control weigh. NEW YORK, March 27- Gold rose 0.5 percent on Wednesday, snapping a three-day losing streak, as renewed euro zone worries and hopes the Federal Reserve will continue its loose monetary policy triggered bullion buying.
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WASHINGTON, March 27- Developing and industrialized countries should rein in energy subsidies that totaled $1.9 trillion in 2011 to ease budgetary pressures and free up resources for public spending in areas such as education and health care, International Monetary Fund economists said in a research paper published on Wednesday.