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  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company rank among the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank,...

  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company are the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank, comparable to...

  • UPDATE 1-Oil prices slash Nigeria 2015 GDP growth Wednesday, 17 Dec 2014 | 8:51 AM ET

    ABUJA, Dec 17- Nigeria's economy will grow 5.5 percent in 2015, down from an earlier projection of 6.4 percent, due to lower oil revenues, according to the budget the finance minister presented to parliament on Wednesday. The 4.3 trillion naira budget rests on a benchmark oil price of $65 a barrel, down from $77.50 in the 2014 budget, and a significant cut on previous...

  • China raises estimate of size of economy Tuesday, 16 Dec 2014 | 4:14 AM ET

    BEIJING— China on Tuesday raised its official estimate of last year's gross domestic product, possibly moving closer to passing the United States as the biggest economy. Last year's official GDP value will be raised by 3 percent following a regular economic census, the director of the National Bureau of Statistics, Ma Jiantang, said at a news conference.

  • RUSSIA C.BANK SAYS SEES HIGH LIKELIHOOD OF YEARLY GDP GROWTH RATE SLIPPING INTO NEGATIVE TERRITORY IN Q1 2015.

  • MOSCOW, Dec 15- Russia's gross domestic product could contract by around 4.5 percent in 2015 if oil prices are at $60 a barrel, the central bank said in a monetary policy document on Monday.

  • Expect stronger US growth in 2015: Pro  Thursday, 11 Dec 2014 | 6:23 PM ET

    Thursday's data indicate that the U.S. economy has improved and 2015 looks like a stronger year in terms of growth, says Stephen Wood, Chief Market Strategist at Russell Investments.

  • U.S. business inventories rise, sales slip Thursday, 11 Dec 2014 | 10:00 AM ET

    WASHINGTON, Dec 11- U.S. retail inventories excluding automobiles picked up in October, which could affect fourth-quarter growth estimates. The Commerce Department said on Thursday retail inventories excluding autos, which go into the calculation of gross domestic product, increased 0.3 percent in October. They had gained 0.2 percent in September.

  • Ireland's economic growth slows to 3.5 percent Thursday, 11 Dec 2014 | 8:01 AM ET

    DUBLIN— Ireland's economic growth is slowing but the country remains on course to record the European Union's biggest gains in 2014, official figures showed Thursday. The Central Statistics Office said Ireland's annual growth in gross domestic product slowed to 3.5 percent in the third quarter. Ireland has rebounded strongly following its exit from a...

  • BANGKOK, Dec 11- Thailand's economy may expand by less than 1 percent in 2014 due to weak exports and slow government spending, Finance Minister Sommai Phasee said on Thursday. The government of Southeast Asia's second-largest economy has already trimmed its outlook four times this year as the country struggles to recover from months of political turmoil...

  • WASHINGTON, Dec 10- The U.S. economy likely grew at a much stronger pace in the third quarter than previously reported, as data on Wednesday showed spending on services expanding at a brisk clip. The Commerce Department's quarterly services survey, or QSS, showed services outlays increased much more vigorously than the government had assumed when it published...

  • WASHINGTON, Dec 9- A surge of oil and gas production will drive the U.S. economy 1 percent higher in 2040 than it would have otherwise grown, and energy exports will only stoke the expansion, an independent study on energy policy concluded on Tuesday. New drilling technologies such as' fracking' have unlocked an abundance of fossil fuels from shale deposits and the...

  • CARACAS, Dec 9- Venezuela's economy shrank by 4.2 percent in the first three quarters of 2014, an adviser to the country's main opposition group said on Tuesday, after almost a year of official silence about the state of the OPEC nation's economy. The central bank has not published any GDP data for this year and has not revealed inflation figures since August's...

  • VERACRUZ, Mexico, Dec 8- Mexican economic growth is likely to come in weaker than had been forecast for both this year and next after third-quarter gross domestic product missed expectations, the head of the Organisation for Economic Co-operation and Development said on Monday. Last month, Mexico's Finance Ministry downwardly revised its own 2014 growth...

  • Economist revising Q4 GDP  Monday, 8 Dec 2014 | 7:07 AM ET

    Economists are recalculating the economy's fourth quarter growth forecast, reports CNBC's Steve Liesman.

  • Economists see revved-up US economy next year Monday, 8 Dec 2014 | 7:02 AM ET
    A transmission for a Chrysler Ram 1500 truck goes through the assembly line at the Warren Truck Assembly Plant in Warren, Michigan.

    The U.S. economy is picking up speed, according to a survey of business economists.

  • China easing measures are working: Pro  Monday, 8 Dec 2014 | 1:30 AM ET

    Madhur Jha, senior global economist at Standard Chartered, says Chinese growth will slow down in 2015 as the country pushes towards a more "sustainable" GDP number.

  • Can emerging markets avoid another tantrum?  Monday, 8 Dec 2014 | 1:30 AM ET

    Madhur Jha, senior global economist at Standard Chartered, says easing measures from the Bank of Japan and the European Central Bank will offset tightening from the U.S. Federal Reserve which will help emerging market economies.

  • TOKYO, Dec 8- Japanese stocks edged up to a 7-1/ 2- year high on Monday as a downward revision in third quarter GDP figures was offset by the weak yen and optimism over the U.S. economy after it had strong jobs data. The Nikkei benchmark ended 0.1 percent higher at 17,935.64, the highest closing price since July 2007. In early trade, the Nikkei touched 18,030.83.

  • One-offs weighed on Japan GDP: Moody's  Monday, 8 Dec 2014 | 12:03 AM ET

    Glenn Levine, Senior Economist at Moody's, identifies the fall in corporate inventories and residential investment as factors dragged down third-quarter growth.