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Economic Forecasting

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  • HONG KONG/ SHANGHAI, March 26- China's Bank of Communications Co Ltd, said on Thursday its bad loan ratio rose to 1.25 percent, its highest level since 2010, as the lender grappled with borrowers' increasing inability to repay debt in China's slowing economy. The result compared with the 13.9 billion yuan average estimate of analysts polled by Thomson Reuters.

  • *Shipments to China -15 pct y/y, to U.S +5.1 pct. BANGKOK, March 26- Thai exports fell more than expected in February, showing that a key growth engine for the country is still sputtering, but imports surprisingly rose for the first time in five months. With disappointing exports in early 2015, "the outlook is not so good," said Sarun Sunansathaporn, economist with Tisco...

  • LONDON, March 25- Sterling fell against the euro on Wednesday, hitting a one-month low as investors pushed back expectations of interest rate hikes amid growing talk that inflation in Britain will stay low for sometime to come. Annual inflation in Britain dropped to zero in February and investors are factoring in the chance of a first rate hike in mid-2016,...

  • MOSCOW, March 25- Russia's Economy Minister Alexei Ulyukayev said on Wednesday he estimated that the Russian economy had contracted by 1.5 percent in the first two months of the year.

  • German business confidence posts 5th straight increase Wednesday, 25 Mar 2015 | 5:28 AM ET

    BERLIN— A closely watched survey is showing a bigger-than-expected increase in German business confidence as managers in Europe's biggest economy take a brighter view of its outlook for the next six months. The Ifo institute said Wednesday its monthly confidence index rose to 107.9 points for March from 106.8 in February. ING-DiBa economist Carsten...

  • PARIS, March 25- European shares dipped in early trading on Wednesday to just below 7-1/ 2- year highs with investors waiting for clues on the outlook for Germany's economy from a business confidence survey due out at 0900 GMT. Shares in Acerinox, Outokumpu and Aperam surged between about 4 percent and 6 percent after Europe said it will impose punitive...

  • European shares dip early; Hermes falls after results Wednesday, 25 Mar 2015 | 4:13 AM ET

    PARIS, March 25- European shares dipped in early trading on Wednesday, hovering below 7-1/ 2- year highs, as investors awaited a survey on German business climate for insight on the outlook for Europe's biggest economy. Hermes has a strong exposure to Japan. At 0810 GMT, the FTSEurofirst 300 index of top European shares was down 0.3 percent at 1,600.35 points.

  • US steel to idle its operations   Wednesday, 25 Mar 2015 | 12:00 AM ET
    US steel to idle its operations

    U.S. steel has announced its idling its operations in Granite City, Illinois. But what will this mean for other steel plants? CNBC's Courtney Reagan reports.

  • Morocco central bank predicts improved growth for 2015 Tuesday, 24 Mar 2015 | 10:40 AM ET

    RABAT, Morocco— Morocco's central bank predicts the country's economy will grow 5 percent in 2015 amid a string of positive indicators boosted by lower oil prices. Morocco imports most of its energy. Morocco's Islamist-led government has pursued austerity programs since coming to power in 2012, freezing hiring, cutting sensitive fuel subsidies and...

  • LONDON, March 24- British inflation vanished last month, hitting zero for the first time on record, official figures showed on Tuesday. The annual rate of consumer price inflation dropped to zero percent, from 0.3 percent in January, the Office for National Statistics said, keeping a rate rise by the Bank of England firmly off the table for now.

  • HONG KONG— China's manufacturing fell to the lowest level in nearly a year as new orders shrank, according to a report Tuesday that underscored the weakening outlook for the world's second biggest economy. HSBC's preliminary manufacturing index based on a survey of factory purchasing managers dropped to an 11- month low of 49.2 in March from February's 50.7.

  • HONG KONG— China's manufacturing fell to the lowest level in nearly a year as new orders shrank, according to a report Tuesday that underscored the weakening outlook for the world's second biggest economy. HSBC's preliminary manufacturing index based on a survey of factory purchasing managers dropped to an 11- month low of 49.2 in March, from February's 50.7.

  • DIARY-Emerging Markets Economic Events to April 6 Monday, 23 Mar 2015 | 8:02 PM ET

    MAKATI CITY, Philippines- Asian Development Bank to release Asian Development Outlook Report 2015- 0130 GMT. MANILA- Philippines Investment Forum 2015. Philippines President Benigno S Aquino III, Philippines Finance Secretary Cesar Purisima and Philippines Central Bank Amando M Tetangco Jr are the key speakers. PRAGUE- Czech Republic Finance Minister...

  • Why 10-year yield will hit 1.5%: Sri-Kumar   Monday, 23 Mar 2015 | 2:44 PM ET
    Why 10-year yield will hit 1.5%

    After accurate predictions of the 10-year yield in the past, Komal Sri-Kumar of Sri-Kumar Global Strategies, joins "Power Lunch" to predict how low the 10-year will go and when.

  • NEW YORK— Federal Reserve Vice Chairman Stanley Fischer says he expects the Fed to start raising interest rates sometime this year. Once that happens, though, rates won't likely move in any predictable pattern, he added. "An increase in the target federal funds range likely will be warranted before the end of the year," Fischer said in a speech to the Economic Club of...

  • MOSCOW, March 23- Lower oil prices will have a long-lasting impact on Russia, Central Bank First Deputy Governor Ksenia Yudayeva said on Monday. The Russian economy is forecast this year to slip into recession for the first time since the aftermath of the global financial crisis in 2009, hit by declining crude prices and sanctions imposed on Moscow over its role...

  • HELSINKI, March 20- Fitch cut the outlook on Finland's triple-A rated credit rating to negative on Friday, citing weak economic growth prospects. The country's economic output has yet to return to levels seen in 2008 after exports dwindled due to the euro zone crisis, as well as to difficulties in the mobile phone and paper industries and the crisis over key...

  • ATHENS, Ga., March 20- Atlanta Federal Reserve President Dennis Lockhart said on Friday he expects the U.S. central bank to raise interest rates at either its June, July or September policy meetings, barring a significant downturn in the U.S. economy. The lower economic forecasts issued by the Fed this week reflect mostly "transient" issues that neither...

  • ATHENS, Ga., March 20- Atlanta Federal Reserve President Dennis Lockhart said on Friday he expects the U.S. central bank to raise interest rates at either its June, July or September policy meetings, barring a significant downturn in the U.S. economy. The lower economic forecasts issued by the Fed earlier this week reflect mostly "transient" changes that do not...

  • KB Home tops Street 1Q forecasts Friday, 20 Mar 2015 | 8:45 AM ET

    NEW YORK— KB Home on Friday reported better-than-expected first-quarter financial results on a boost in home sales and higher prices as the housing market continues its recovery. KB Home earned $7.8 million, or 8 cents per share, marking a 26 percent decline from a year ago because of higher costs. The average estimate of 10 analysts surveyed by Zacks Investment...