MOSCOW, March 2- Russia's Finance Ministry has increased its forecast for the country's 2015 budget deficit to 3.8 percent of gross domestic product, a document seen by Reuters showed. The document also showed that the ministry sees the average rouble exchange rate at 61.5 roubles per dollar for 2015, in line with Economy Ministry forecasts.» Read More
*Warns market sentiment could turn on Italy. Italy has not posted a single quarter of growth since the middle of 2011.. The 114- page report on Italy's economy contained a 2015 growth forecast of 0.4 percent, but the OECD's head Angel Gurria told reporters at a presentation that the most recent developments had prompted an upward revision.
MEXICO CITY— Mexico's central bank reduced its growth forecast for the economy citing a "less favorable" environment due to the drop in oil prices and a potential cut in oil production. The Bank of Mexico estimated that the gross domestic product could grow between 2.5 percent and 3.5 percent in 2015, a reduction from its earlier forecast of between 3 percent and...
Jeremy Siegel, The Wharton School, thinks a June rate hike would be premature.
KIEV, Feb 17- Ukraine's gross domestic product fell 15.2 percent year-on-year in the fourth quarter of 2014, the Ukrainian statistics service said on Tuesday. GDP fell by 3.8 percent from the third quarter, the data showed. Ukraine's economy has been hammered by a year of political upheaval and war, putting the former Soviet republic on the brink of bankruptcy.
A Chinese official said the mainland needs to guarantee 6.5 percent annual growth for its 13th five-year plan. David Gaud, Asia Ex-Japan Equity Fund Manager at Edmond de Rothschild Asset Management, discusses.
As Japan exits technical recession, Tapan Datta, head of global asset allocation at Aon Hewitt, says the "picture is far from benign" as there's very little growth in the Japanese economy.
Thailand's economy grew less than expected in Q4 and had full-year 2014 growth of only 0.7 percent, as exports and consumption remained weak.
BANGKOK, Feb 16- Thailand's economy grew less than expected in October-December and had full-year 2014 growth of only 0.7 percent, as exports and consumption remained weak long after a May coup aimed at helping to spur recovery. The poor performance in 2014 will put more pressure on the military junta to speed up infrastructure spending this year to lift growth...
BANGKOK, Feb 16- Thailand's planning agency on Monday maintained its economic growth forecast for 2015 at 3.5-4.5 percent but trimmed its export estimate for the year. In 2014, growth was 0.7 percent, the weakest since flood-hit 2011. The economy expanded 2.9 percent in 2013.. However, the National Economic and Social Development Board, which compiles gross...
Santitarn Sathirathai, head of Southeast Asia and India Economics Research at Credit Suisse, says Thailand has been seeing a sluggish recovery and outlines the weakest links in the economy.
While a recovery in residential investment is still absent, the nominal gross domestic product looks good in the fourth quarter, says Simon Cox, MD & investment strategist, Asia Pacific at BNY Mellon Investment Management.
Despite weaker-than-expected fourth-quarter growth, Japan is seeing signs of wage increases and higher household income, says Alexander Treves, head of Equities, Japan, at Fidelity Worldwide Investment.
While growth in the fourth-quarter was softer-than-expected, it showed that Japan is headed in the right direction, says Paul Gruenwald, Chief Economist for Asia Pacific at Standard and Poor's Ratings Services.
TOKYO, Feb 16- Japan's economy expanded by an annualized 2.2 percent in October-December after contracting for two straight quarters, supported by a pick-up in exports, the Cabinet Office said on Monday. The preliminary reading for gross domestic product compared with the median estimate of a 3.7 percent expansion in a Reuters poll of economists.
Jeffrey Halley, senior manager for FX Trading at Saxo Capital Markets and Richard Harris, CEO of Port Shelter Investment Management, discuss the outlook of the euro and Japanese yen this week.
Ahead of the Lunar New Year holiday on Thursday, markets will be on the lookout for Japan's fourth-quarter GDP, alongside China's property data and a slew of central bank decisions.
TOKYO, Feb 16- Japan's economy likely rebounded from recession in the final quarter of last year, data on Monday is set to show, giving a much needed boost to premier Shinzo Abe's efforts to steer the country out of decades of stagnation. Japan's economy slid into recession in July-September last year, forcing Abe to delay a second sales tax hike initially...
European equities closed higher on Friday with investor sentiment boosted by better-than-expected growth numbers out of the euro zone and the prospect of a cease-fire deal between Ukraine and Russia.
Euro zone GDP data has boosted by 0.3 percent. Peter Dixon, economist at Commerzbank, says that Germany's GDP data has given the euro zone data "a real lift," however "I'm skeptical" on whether it can be sustained.
*ArcelorMittal rises as details on debt reassure. PARIS, Feb 13- European shares rose in early trading on Friday, with robust growth figures from Germany sending the country's blue-chip DAX index to a record high. National Bank of Greece was up 16 percent and Bank of Piraeus up 14 percent, while the leading ATG index gained 6.6 percent.