LONDON, Dec 6- Financial markets were in a state of suspended animation on Friday as tension mounted ahead of jobs data that could make or break the case for an imminent scaling back in U.S. stimulus.» Read More
*France trying to shield French culture from Hollywood. LUXEMBOURG, June 14- The European Union will try to overcome French resistance to free-trade talks with the United States on Friday and keep alive plans for a deal that could boost their struggling economies by dramatically increasing transatlantic business.
WASHINGTON, June 13- Prices for U.S. imports and exports fell unexpectedly in May, a sign of cooler economic growth worldwide that could hurt American factories but likely gave some respite to consumers. Import prices slipped 0.6 percent last month, the third consecutive decline, the Labor Department said on Thursday.
JAKARTA, June 13- Indonesia became the first central bank in Asia to raise its policy interest rate since 2011, the strongest sign yet in regional emerging economies of the stress being wrought by the global markets rout.
Central banks from India to Turkey have acted this week to stem currency losses and on Thursday the Indonesian rupiah was buoyed by a surprise central bank rate rise. Markets are being rattled by uncertainty over the next moves of central banks in Japan and well as the United States.
TOKYO, June 13- Japan's government raised its assessment on the economy for a second straight month in June as pick-up in exports and industrial output is supporting a steady economic recovery led by its sweeping fiscal and monetary stimulus policies.
SINGAPORE, June 13- Gold fell on Thursday after volatile trading in the previous session on persistent concerns about central banks' support for their economies. *Spot gold had fallen 0.2 percent to $1,384.84 an ounce by 0003 GMT.
WASHINGTON, June 12- The World Bank cut its outlook for global growth, saying the economy should expand more slowly this year than last as it cited a deeper-than-expected recession in Europe and a recent slowdown in some emerging markets.
GENEVA, June 12- Major economies competing to restore export-led growth are stealthily imposing more protectionist measures than at any time since the financial crisis began, a leading trade monitoring group said in a report seen by Reuters on Wednesday.
*Qatar c.bank gov says more flexible currency may become desirable. Five of the six oil exporters in the Gulf Cooperation Council- Saudi Arabia, the United Arab Emirates, Qatar, Oman and Bahrain- fix their currencies against the U.S. dollar under arrangements dating back as far as the 1970 s.
*Major capital flight would expose Asia's limited policy options. SINGAPORE, June 12- Asia's central banks are likely to use heavy currency intervention as their weapon of choice in dealing with regional market turbulence but high debt levels will make them more reluctant than in the past to raise interest rates if tensions escalate.
KUALA LUMPUR, June 12- A deepening slump in exports is sending tremors through Asia, threatening to undermine some booming emerging economies that have surged ahead in recent years on a heady combination of easy credit, buoyant consumer demand and strong domestic investment.
*Copper near lowest since May 3 on demand concerns. SINGAPORE, June 12- Copper edged higher on Wednesday as bargain hunting put a floor under the market, which had slid to its lowest in almost six weeks on concerns over slowing demand in top consumer China and worries about the U.S. economic stimulus.
*Copper near lowest since May 3 on demand concerns. SINGAPORE, June 12- Copper hovered at its lowest in nearly six weeks on Wednesday on concerns over slowing demand in top consumer China and the outlook for U.S. economic stimulus.
China's new leaders have adopted a greater tolerance for a slowdown in the economy than their predecessors and are likely to allow quarterly growth to slip as far as 7 percent before triggering fresh stimulus.
Russia is set for 10 years of anemic growth, according to economists, who said the slowdown is predominantly due to low investment and structural factors.
Jim O'Neill, outgoing chair of asset management at Goldman Sachs, discusses the BRICs' performance to date and how no other emerging country is yet to come close to compete with them.
An early peek this week at how the euro zone economy performed in April could cement the case for the next installment in monetary easing by the world's major central banks.
Finance leaders of the G-20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard targets for reducing national debt in a sign of worries over a sluggish global recovery.
Russia's inflation level remains too high and reducing it is the key priority, according to the woman set up to take charge of the country's central bank in June.
The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, a top EU official said on Thursday.