As food inflation nears 10 percent, the new government of Prime Minister Narendra Modi faces accusations that it is doing no better at reining in prices than the Nehru-Gandhi dynasty's Congress party, which suffered its worst election defeat in May.» Read More
ST PETERSBURG, Russia, July 1- Sanctions imposed on Russia over Ukraine have brought growth to a standstill, had a "chilling effect" on investment and could force Moscow into economic isolation, the International Monetary Fund said on Tuesday.
*Manufacturing picks across Asia, South Korea lags. LONDON/ TOKYO, July 1- Manufacturing activity in Asia's industrial powerhouses China and Japan gained pace in June, fuelled by improving demand at home, but euro zone growth faltered as main motor Germany slowed.
SHANGHAI, July 1- China's main stock indexes ended flat on Tuesday, as targeted stimulus measures and upbeat purchasing managers' index data failed to boost investors' appetites. Analysts said the figure was expected to be good following the earlier release of an upbeat HSBC/ Markit PMI for June.
*Domestic demand, investment lift China, Japan activity. BEIJING/ TOKYO, July 1- Manufacturing activity in Asia's industrial powerhouses China and Japan gained pace in June, fueled mainly by improving demand at home, but a long-awaited bounce in exports remained slow in coming.
BEIJING, July 1- China's factory activity hit multi-month highs in June, official and private surveys showed, reinforcing signs that the world's second-largest economy is steadying as the government steps up policy support.
HSBC Corp. said Tuesday its purchasing managers index rose to 50.7 from May's 49.4 on a 100- point scale on which numbers above 50 show growth. HSBC said its survey found output rose for the first time since January but the rate of improvement was "only slight and weaker than the historical average."
BRASILIA, June 30- Brazil posted in May its second-widest monthly primary budget deficit ever, a worse-than-expected result that puts at risk the country's key fiscal and debt servicing goal for the year.
BEIJING, June 30- China's vast factory sector probably registered its best performance this year in June as growth quickened to a six-month high, further signaling that its economy is regaining strength after an unsteady start to 2014. A Reuters poll of 19 economists showed the official Purchasing Managers' Index is forecast to rise to 51 in June, edging further from the 50- point level that denotes growth from contraction in activity on a monthly basis.
*Fifth month of 200,000 plus job gains in U.S. in June. Jobs, auto sales, ISM to support Q2 rebound. BRUSSELS, June 29- The United States can firmly consign its weather-beaten start to the year to history this week with June vehicle sales and jobs data expected to show a strong end to the second quarter.
BRUSSELS, June 27- Euro zone economic sentiment fell unexpectedly in June on fears that fighting in Iraq would push up oil prices and that any escalation of the Ukraine crisis could drag on euro zone growth.
SEOUL, June 27- North Korea's closed economy rose last year at a slightly slower pace compared to 2013, South Korea's central bank data showed on Friday, even as the United Nations toughened sanctions over Pyongyang's nuclear and missile programs. Reclusive North Korea does not release economic data.
BRASILIA, June 26- Brazil's inflation will start to subside next year after economic growth slows further, the central bank said on Thursday, reinforcing expectations that it will not raise interest rates in the near future.
*Easier monetary policy from China central bank seen driving regional stocks. BANGALORE, June 26- Shares in Shanghai, Hong Kong and South Korea are expected to rally over the next six months on expectations that China's central bank will ease policy, boosting both its economy and that of the region, a Reuters poll showed.
NEW YORK- Federal Reserve Bank of Philadelphia President Charles Plosser speaks on the economic outlook and monetary policy before the Economic Club of New York- 1205 GMT.
*China, Japan PMIs show manufacturing growing again. BEIJING/ WASHINGTON, June 23- Global manufacturing activity appeared to accelerate in June, buoyed by a return to growth in China and Japan and the fastest expansion in the U.S. factory sector in more than four years.
LONDON/ TOKYO, June 23- Manufacturing in China and Japan returned to growth in June after months of decline but an unexpectedly sharp fall in French business activity dragged on the wider euro zone, surveys showed on Monday.
*Euro zone business activity growth slows as France lags. LONDON, June 23- European stocks fell on Monday after euro zone business activity data showed growth slowing, with France a notable laggard, in contrast with upbeat numbers from China that lifted Asian shares and the Australian dollar.
*China, Japan PMIs show manufacturing growing again. TOKYO, June 23- Manufacturing in China and Japan shrugged off months of decline and returned to growth in June as Beijing's targeted stimulus measures and Japan's improving labor market supported domestic demand in Asia's two largest economies.
STAVROPOL, Russia, June 19- Russia's gross domestic product growth forecast of 0.5 percent for 2014 may be revised upwards in September due to the slowing pace of a decline in investment, Economy Minister Alexei Ulyukayev said on Thursday.
BEIJING, June 18- China's average new home prices edged down for the first time in two years in May, official data showed on Wednesday, underlining a downtrend taking hold in the market as the economy slows.