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  • 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...

  • *Coal imports 16.78 mln t, down 38 pct vs Dec, down 53 pct on yr. BEIJING, Feb 8- China's imports of key commodities eased in January after the record high set in December, as expected as the earlier heavy purchases to take advantage of weak prices had swollen inventories, preliminary customs data released on Sunday showed. China's slowing economy- 7.4 percent growth in...

  • *Trade surplus seen at $48.9 bln. BEIJING, Feb 6- China's consumer price inflation likely slowed to a five-year low in January due to falling oil prices and sluggish demand, while export growth was seen sagging, a Reuters poll showed, raising questions whether more policy stimulus is needed to combat deflationary pressures. Data out of China during January and...

  • DIARY- Top Economic Events to Feb 18 Thursday, 5 Feb 2015 | 7:01 PM ET

    NAPLES, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on monetary policy and the economic outlook before the Southwest Florida Business Leaders Luncheon- 1745 GMT. ROME- Conference on European financial architecture and the EU banking union with EU Parliament representative Roberto Gualtieri, ECB Supervisory Council...

  • *Ukraine's economy hit by conflict in the east. *IMF mission has extended visit as Kiev seeks loans. KIEV, Feb 5- Ukraine's hryvnia currency plunged about 30 percent against the dollar on Thursday, traders said, after the central bank abandoned the foreign currency auctions that had effectively pegged the exchange rate.

  • UPDATE 1-Georgia may cut 2015 economic growth forecast Thursday, 5 Feb 2015 | 8:32 AM ET

    TBILISI, Feb 5- Economic growth in the former Soviet republic of Georgia should exceed 4 percent this year, its finance minister said on Thursday, indicating it will miss an official forecast of 5 percent. Like a number of other former Soviet states, Georgia's economy and its currency are suffering from the side-effects of a plunge in the Russian rouble and the...

  • *Ukraine's economy hit by conflict in the east. *IMF mission has extended visit as Kiev seeks loans. KIEV, Feb 5- Ukraine's central bank announced on Thursday a big increase in its main interest rate to 19.5 percent to try to avert financial collapse, brought ever closer by fighting in the country's east and a lack of foreign funding.

  • KIEV, Feb 5- The head of Ukraine's central bank said on Thursday the bank's decision not to intervene directly in the foreign exchange market does not mean a free float of the hryvnia currency. Valeriia Gontareva, the bank's governor, told a news conference bank would simply allow for a greater fluctuation in the hryvnia and added: "Get used to market volatility."

  • HONG KONG, Feb 5- After years of struggle to expand, the offshore yuan loan market appears set to get a boost from a weak outlook for the Chinese currency this year. The outstanding yuan loans increased to 178 billion yuan by the end of last November, up 54 percent from the end of 2013, the latest statistics from the Hong Kong Monetary Authority showed.

  • *HSBC services PMI falls to 51.8 in Jan, a 6- month low. BEIJING, Feb 4- China's services sector grew at the slowest pace in six months in January as growth in new business weakened, a private survey showed, raising expectations that policymakers may unveil more stimulus steps to avert a sharper slowdown in the world's second-largest economy. The HSBC/ Markit...

  • SHANGHAI, Feb 4- Fourteen Chinese provinces plan to invest a combined 15 trillion yuan in infrastructure and other projects starting this year as part of their effort to help set a bottom on a slowdown in the economy, an official newspaper said on Wednesday. The southwestern province of Sichuan, the most populous of the 14, was the latest when it announced its...

  • SHANGHAI, Feb 4- Fourteen Chinese provinces plan to invest a total of 15 trillion yuan in infrastructure and other projects from this year as part of efforts to help end a slowdown in the world's second-largest economy, a newspaper said on Wednesday. The southwestern province of Sichuan became the latest of the 14 to announce such plans on Monday, aiming to spend...