SEJONG, South Korea, July 24- South Korea unveiled stimulus measures on Thursday to prop up slowing economic growth, including plans to boost public spending by some $11 billion and ease mortgage borrowing rules.» Read More
Mark Martiak, Premier Wealth Management, is confident the market will go higher; and CNBC's Bob Pisani questions whether the market deserves a higher multiple.
WASHINGTON, July 23- The International Monetary Fund on Wednesday said it expects the U.S. economy to grow 1.7 percent in 2014, even more slowly than it predicted a month ago, as weakness in the first quarter offsets an expected pick-up in the second half of the year.
WASHINGTON— U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter. That's below last year's 1.9 percent pace and would be the slowest annual rate since the recession ended in June 2009.
IMF SAYS FED CAN KEEP POLICY RATES AT ZERO FOR LONGER THAN MID-2015 IF INFLATION STAYS SUBDUED, SEES GRADUAL RATE NORMALIZATION.
WASHINGTON, July 23- The International Monetary Fund on Wednesday said it expects the U.S. economy to grow even more slowly this year than it predicted a month ago due to weakness in the first quarter. The IMF said the world's largest economy should grow 1.7 percent in 2014, below its June prediction of 2 percent growth.
July 23- Freeport-McMoRan Inc said Wednesday it expects to sign a memorandum of understanding with Indonesia "imminently" and the agreement would immediately allow it resume copper concentrate exports, which have been halted for more than six months.
BEIJING, July 23- China may see more capital inflows in the rest of 2014 after experiencing some money flight in recent months, the country's foreign exchange regulator said on Wednesday, as the yuan recovers due to improved confidence in the economy.
BEIJING, July 23- China saw some capital outflows in the second quarter, the country's foreign exchange regulator said on Wednesday, adding that the yuan is now recovering as the economy stabilises.
July 23- For other related diaries, please. WARSAW- Central Bank of Poland Marek Governor Belka speaks in parliament. MEXICO CITY- IMF presents its latest World Economic Outlook report- 1400 GMT.
SANTIAGO, July 22- The International Monetary Fund on Tuesday projected Chile's economic growth will pick up pace in 2015 and broadly welcomed President Michelle Bachelet's ambitious tax and education reforms. Chile's economy grew by 4.1 percent last year.
*Godwin Emefiele delivers first MPC decision as governor. ABUJA, July 22- Nigeria's new central bank governor said on Tuesday he favored a gradual reduction in interest rates over the next five years, but inflation risk meant there was no room to ease policy immediately.
*China output near record levels, CIS growth strong. China produces around half the world's steel, but output growth remained strong at 3.6 percent in North America and at 1.8 percent in the CIS- the third and fourth-largest producing regions after Asia.
SYDNEY, July 22- London zinc stretched its gains into a second session and hit its highest in almost three years on Tuesday while aluminum held near a 16- month peak as investors bought metals amid supply constraints and a brighter global growth outlook.
*Economists say Germany's fundamentals still solid. BERLIN/ FRANKFURT, July 21- The German economy probably stagnated in the second quarter in the face of political tensions abroad, the Bundesbank said on Monday, but chances are its recovery will not be held up for long by conflicts on the rim of Europe.
*Economists say Germany's fundamentals still solid. FRANKFURT, July 21- The German economy probably stagnated in the second quarter in the face of political tensions abroad, the Bundesbank said on Monday, but chances are its recovery will not be held up for long by conflicts on the rim of Europe.
FINANCE MINISTER SAYS ECONOMY CONTRACTED BY 5 PCT IN THE FIRST SIX MONTHS OF THE YEAR, SEES GDP FALLING BY 6.5 PCT THIS YEAR.
The loss of momentum in Germany, Europe's biggest economy, will concern policymakers who are watching for any impact on the bloc from the Ukraine crisis and Israel's ground offensive in Gaza. Economists polled by Reuters earlier this month expected second-quarter growth of 0.2 percent in Germany, followed by 0.5 percent in each of the following five quarters.
HONG KONG, July 21- China's yuan weakened against the dollar on Monday, extending last week's losing streak as investors judged the latest growth numbers would not trigger a fresh bounce in the currency in the near term as the broader economic outlook remains cloudy.
"People are starting to increase inventory to build for a better economy and a better outlook in quarters three and four," Richard Davis, chief executive of U.S. Bancorp, said after the bank reported earnings on Wednesday. U.S. Bancorp reported a 12.4 percent rise in commercial loans by volume for the quarter.
*Copper faces biggest weekly loss since early June. LONDON, July 18- Copper fell to a two-week low on Friday, and its weekly performance headed for the biggest drop in 18 weeks, on concerns about the Chinese property sector and an outlook for increased production. Copper has dropped nearly 3 percent this week, the biggest weekly drop since mid-March.