GO
Loading...

BRICS

More

  • MOSCOW, Nov 17- Russian airlines are facing a drop in passenger numbers because of the Ukraine crisis, prompting some analysts to expect fleet reductions and possible state support next year to cope with deepening losses. The economy is teetering on the brink of recession, the rouble has shed almost 30 percent of its value this year and the cost of debt has risen...

  • *Shock Japan GDP data hits stocks in Asia, Europe. *Wall Street set to open lower. LONDON, Nov 17- Data showing Japan slipped into recession in the third quarter raised concerns on Monday about global economic health, hitting stocks and the price of oil.

  • *Shock Japan GDP data hits stocks in Asia, Europe. LONDON, Nov 17- Shares fell and the oil price slid on Monday after data showed Japan had slipped into recession, raising concerns about global growth. It also shaved $1 off the price of Brent crude oil and sent ripples across Europe, where the FTSEurofirst 300 pan-European share index was down 0.3 percent.

  • CANBERRA, Nov 17- China and Australia on Monday sealed a landmark free trade agreement more than a decade in the making, significantly expanding ties between the world's second largest economy and one of Washington's closest allies in Asia. The deal, which Australia called the best ever between Beijing and a Western country, will open up Chinese markets to...

  • *Q3 GDP shrinks 1.6 pct vs f'cast +2.1 pct. TOKYO, Nov 17- Japan's economy shrank an annualised 1.6 percent in July-September, confounding expectations for a modest rebound after a severe contraction in the previous quarter and solidifying the view premier Shinzo Abe will delay a second sales tax hike next year. Abe, who is returning on Monday from a week-long tour...

  • *Russia at crossroads over Ukraine, more sanctions possible. BRISBANE, Australia, Nov 16- Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine. President Barack Obama accused Russia of...

  • FRANKFURT, Nov 16- As large parts of Europe's economy grind almost to a halt, attention will focus this week on the latest assessments of business confidence in the euro zone and Germany, which has just narrowly avoided a recession. While the United States economy has accelerated and China holds a slower but steady course, euro zone countries have remained...

  • G-20 leaders agree on $2 trillion boost to growth Sunday, 16 Nov 2014 | 12:31 AM ET

    BRISBANE, Australia— Under pressure to jolt the lethargic world economy back to life, leaders of G-20 nations on Sunday finalized a plan to boost global GDP by more than $2 trillion over five years. Speaking at the end of the summit, Australia's Prime Minister Tony Abbott said countries will hold each other to account by monitoring implementation of their...

  • G-20 leaders told they will be judged on fairness Saturday, 15 Nov 2014 | 10:07 PM ET

    The Civil Society 20 group, or C-20, says the G-20 summit this weekend in Brisbane, Australia will be judged on fairness. The World Bank and International Monetary Fund both say living standards suffer when a minority is capturing an increasing share of wealth. Costello says that reducing inequality in Australia conflicts with Prime Minister Tony Abbott's...

  • *Obama to meet with EU leaders to discuss Ukraine. BRISBANE, Australia, Nov 16- The G20 communique will include a significant passage on climate change, EU officials said on Sunday, as the United States and other heavyweight nations override host Australia's attempts to keep the issue off the formal agenda. Much of the meeting of world leaders in Australia has been...

  • BRISBANE, Australia, Nov 15- China's economy is going through a "period of pain" as authorities try to shift it towards slower, more sustainable growth, with the rapid expansion of its shadow banking sector a major problem, the vice finance minister said on Saturday. The IMF expects global growth of 3.3 percent this year, with China growing 7.4 percent and the United...

  • BEIJING, Nov 14- China's bank lending tumbled in October and money supply growth cooled, raising fears of a sharper slowdown in the economy and prompting some economists to urge the government to ratchet up stimulus measures, including cutting interest rates. Chinese banks made a much less-than-expected 548.3 billion yuan worth of new loans in October, down 36...

  • *China factory growth dips, investment growth hits 13- yr low. SYDNEY, Nov 13- London copper was steady on Thursday after evidence that China's economic growth cooled in October dented demand prospects but raised bets Beijing will have to loose further stimulus to shore up its struggling property market. "Our central view is that copper prices will edge down a bit...

  • BEIJING, Nov 13- China's economy lost further momentum in October, with factory growth dipping and investment growth hitting a near 13- year low, reinforcing views that Beijing will need to do more to fight slackening growth. Months of tepid performance in factories and the growing drag from a weakening housing market are putting Beijing's 2014 growth target...

  • Russians start to feel the pinch as economy struggles Wednesday, 12 Nov 2014 | 8:33 AM ET

    MOSCOW, Nov 12- Alexander Shalin rides a bike to work, shops in local grocery stores and doesn't worry too much about fashion. The 37- year-old manager should be recession-proof, but even he is feeling the pinch from Russia's slowing economy. To escape the "terrible" weather in Russia's second city of St Petersburg, Shalin takes as many foreign trips as he can, but now...

  • India waits for Modi to dig economy out of hole Tuesday, 11 Nov 2014 | 6:21 PM ET
    India's Prime Minister Narendra Modi comes out of a meeting room to receive his Bhutanese counterpart, Tshering Tobgay, before the start of their bilateral meeting in New Delhi.

    Since the election of Prime Minister Narenda Modi six months ago, the prospect of better times ahead has not yet persuaded firms to invest in India.

  • "You have to go out there and see backhoe loaders and earth moving equipment moving earth," said Anand Mahindra, one of India's leading industrialists. "When you see that happening, when there is a real revival on the ground, that's when people will start to get confidence that things are going to turn around," the managing director of Mahindra Group told a World...

  • *Sees $95 oil price next year followed by decline. MOSCOW, Nov 10- Russia faces the prospect of three years of economic stagnation, the central bank predicted on Monday, underscoring the heavy costs of President Vladimir Putin's Ukraine policies and of Russia's dependence on fragile oil prices. In an annual monetary policy strategy document, the bank slashed its...

  • BEIJING, Nov 10- China's annual consumer inflation remained at a near five-year low in October at 1.6 percent, further evidence that the world's second-largest economy is cooling and giving room to policymakers to stimulate growth if needed. "The worsening PPI weighed on the manufacturing industry, providing more evidence that China's economic growth will...

  • BEIJING, Nov 9- The risks faced by China's economy are not that scary and the government is confident it can head off the dangers, President Xi Jinping told global business leaders on Sunday to dispel worries about the world's second-largest economy. In a speech to chief executives at the Asia Pacific Economic Cooperation CEO Summit, Xi said even if China's...