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  • WASHINGTON, Feb 19- The Obama administration believes China basically stopped intervening in currency markets after a July agreement with Washington to minimize this activity, a top Treasury official said on Thursday. Tensions over currency policy have been a perennial bugbear between Beijing and Washington and the United States has pressed China for...

  • ANALYSIS-China calls the shots in Asia's currency war Wednesday, 18 Feb 2015 | 4:00 PM ET

    SINGAPORE, Feb 19- As fears of a global currency war grow, all eyes in Asia are on whether China will devalue its currency to avert a sharper economic slowdown. The urgency with which Asian central banks are cutting interest rates is an indication of not just the deflationary forces they are seeing but also recognition that if China weakens the yuan, their policy...

  • BEIJING, Feb 17- China's central bank and commercial banks bought 108.3 billion yuan worth of renminbi in January, the second consecutive month that purchases have topped 100 billion yuan, in a sign that more capital was leaving the country. The large purchases of yuan are likely to complicate China's monetary policy, as they tighten liquidity at a time the...

  • Markets brush aside concerns over Greece debt standoff Tuesday, 17 Feb 2015 | 12:29 AM ET

    BEIJING— Asian stocks were mostly higher Tuesday but European markets fell after Greek debt talks broke down, raising the prospect Athens might leave the euro currency. Britain's FTSE 100 shed 0.4 percent to 6,832.75. After five years of punishing austerity, Greece is seeking more generous terms for paying off its huge debt.

  • BEIJING— Asian stocks rose Monday after Japan emerged from recession while European markets fluctuated ahead of a meeting between Greece and its main European creditors. Britain's FTSE 100 inched down less than 0.1 percent to 6,871.08. JAPAN REBOUND: Japan emerged from recession last quarter, though growth fell short of many forecasters' expectations.

  • BEIJING, Feb 13- China's growth in broad money supply slumped to its lowest on record in January even as new yuan loans hit a 5-1/ 2- year high, boosting bets that Beijing may further loosen monetary policy to avert a sharper economic slowdown. That was even as new yuan loans surged to 1.47 trillion yuan, trumping market expectations for 1.35 trillion yuan, and more...

  • MEXICO CITY/ WASHINGTON, Feb 12- Grappling with tumbling auto sales and weak economic growth, Brazil wants to renew an auto quota pact with Mexico that is set to expire in March, a move that could stoke trade tensions. Another source said Brazil wants a broader treaty with Mexico that would allow free trade between the two Latin American peers in areas where...

  • MEXICO CITY/ BRASILIA, Feb 12- Grappling with tumbling auto sales and weak economic growth, Brazil wants to derail a pact that would allow unlimited imports of cars from Mexico, sources familiar with the situation say, in a move that could stoke trade tensions between Latin America's largest economies. Another source said Brazil wants a broader treaty with...

  • MUMBAI, Feb 12- The United States will "push back very hard" against countries that target weaker exchange rates to gain an unfair trade advantage, Treasury Secretary Jack Lew said on Thursday, driving home concerns he expressed to the Group of 20 this week. He urged Europe to make greater use of fiscal policy to reinforce monetary stimulus to boost growth.

  • *Asia stocks little changed, Japan markets on holiday. SYDNEY, Feb 11- Asian stock markets were subdued on Wednesday while major currencies barely budged as looming euro zone meetings to discuss the Greek debt crisis overshadowed a firmer finish on Wall Street. Moves were modest with trade thinned by a holiday in Tokyo, leaving MSCI's broadest index of...

  • DIARY- Top Economic Events to Feb 24 Tuesday, 10 Feb 2015 | 7:01 PM ET

    LONDON- Bank of Japan policy board member Takehiro Sato speaks at the Japan Securities Summit 2015 on the outlook for the Japanese economy- 1410 GMT. NEW YORK- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Monetary Policy and a Reflection on 10 Years at the Fed" before the Economic Club of New York- 1300 GMT. PARIS- European Central Bank board...

  • NEW DELHI, Feb 10- For Indian business, the government and the central bank, data revisions that have transformed the country's $2.1 trillion economy into one of the world's fastest growing are too good to be true. Now, the search is on for reliable indicators of underlying activity, vital for Finance Minister Arun Jaitley as he draws up his annual budget and for...

  • *China stimulus hopes boost commodity-dependent currencies. LONDON, Feb 10- Commodity price-dependent currencies such as the Australian dollar and Norwegian crown were the main movers on major foreign exchange markets on Tuesday, gaining up to a third of a percent on talk of more economic stimulus in China. Investors were keeping a close eye on the situation...

  • BEIJING, Feb 10- China's annual consumer inflation hit a five-year low in January while factory deflation worsened, underscoring deepening weakness in the economy and heaping pressures on policymakers to inject more stimulus to underpin growth. A collapse in global oil prices have already unleashed a wave of easings around the world as central bankers from...

  • China's annual consumer inflation hit a five-year low in January while factory deflation deepened, underscoring persistent weakness in the economy. "This could trigger more easing policies, such as additional cuts in interest rates or reserve ratios, which will give the stock market some support," said Li Feng, a trader at Fortune Securities.

  • Sluggish economy hits Russian fuel demand Monday, 9 Feb 2015 | 6:13 AM ET

    MOSCOW, Feb 9- An economic downturn exacerbated by a falling rouble and Western sanctions over Ukraine has hit fuel demand in Russia, forcing energy companies to cut retail prices and adding to the pressure many of them are feeling from lower oil prices. The rouble has plunged around 50 percent against the dollar and oil, Russia's chief export, has declined about...

  • MOSCOW, Feb 9- Russians with foreign-currency mortgages have written an open letter to President Vladimir Putin seeking help with repayments that have soared because of the rouble's plunge, saying they were misled by banks. The letter, published by the Vedomosti and Kommersant business newspapers on Monday, reflects discontent over the rouble's slide and...

  • China demand not as weak as import slump suggests Monday, 9 Feb 2015 | 12:03 AM ET

    *China January imports down 20 pct. *But data distorted by external factors like Chinese New Year. SINGAPORE, Feb 9- A surprising plunge in China's imports shows that Asia's largest economy is still losing momentum despite a raft of stimulus measures, though global price moves and the impact of holidays may have overstated the extent of the downturn.

  • MOSCOW, Feb 8- Russia has put 199 major companies on a list of strategic firms eligible for state assistance under the government's plan to help the ailing economy, the Economy Ministry said on Sunday. Russia is sliding towards recession and Moscow has come up with an anti-crisis plan promising state support for various sectors of the economy but giving few...

  • SHANGHAI Feb 8- China's trade performance slumped in January, with exports falling 3.3 percent from year-ago levels while imports tumbled 19.9 percent, far worse than analysts had expected and highlighting deepening weakness in the Chinese economy. Largely as a result of the sharply lower imports- particularly of coal, oil and commodities- China posted a...