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Economic Forecasting

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  • SHANGHAI, Jan 26- Iron ore prices hit their lowest in 5-1/ 2 years on Monday despite some loss-making Chinese steel mills curbing output, as ore supplies remained abundant and as concerns persisted about the outlook for economic growth in China this year. The benchmark 62 percent grade iron ore for immediate delivery to China fell 3.9 percent to $63.30 a tonne to...

  • TOKYO, Jan 26- Many Bank of Japan board members said slumping oil prices will weigh on inflation short-term but will accelerate price rises in the long run by stimulating the economy, minutes of the bank's policy-setting meeting in December showed. Some members voiced caution over risks to Japan's economic outlook, pointing to weak consumer and business...

  • Belgium sees some room to discuss Greek debt program Sunday, 25 Jan 2015 | 4:37 PM ET

    BRUSSELS— Britain's Conservative Prime Minister David Cameron predicted that the election victory of Greece's radical left-wing Syriza party would create "economic uncertainty" across Europe, while left-of-center parties welcomed the results as a message that the European Union should change its economic policy. Johan Van Overtveldt said on the eve of a...

  • *BlackRock chief points to more pessimistic mood in Davos. Two days after the European Central Bank launched a bold bond-buying drive to revive inflation in the euro zone, a top ECB official warned that Europe's common currency project could come unstuck if the bloc limped on with sluggish growth and mass unemployment. Reviewing the global economic outlook at...

  • Global economy hopes raised after European stimulus Saturday, 24 Jan 2015 | 8:51 AM ET

    DAVOS, Switzerland— The global economic outlook just got brighter after this week's big stimulus from the European Central Bank, leading policymakers from around the world said Saturday. In a panel at the World Economic Forum in Davos, they said a perkier Europe, coupled with a prolonged period of low oil prices, could help shore up the global economy following a...

  • *Italy has long been euro zone's most sluggish economy. ROME, Jan 24- The European Central Bank's bond buying program will give a decisive boost to Italy's stagnant economy, business lobby Confindustria said on Saturday, while the Bank of Italy said it would make it easier to pass reforms. At the same time Bank of Italy Governor Ignazio Visco sought to ease concerns...

  • DIARY- Top Economic Events to Feb 10 Friday, 23 Jan 2015 | 7:00 PM ET

    DAVOS, Switzerland- Bank of England Governor Mark Carney to take part in panel discussion on "The Global Economic Outlook"- 1500 GMT. **DUSSELDORF, Germany- Deutsche Bundesbank board member Joachim Nagel speaks at the annual conference of the German-Chinese Economy, organized by Handelsblatt and HSBC- 1400 GMT. LUXEMBOURG- Central Bank of Luxembourg Governor and...

  • Jan 23- India's economy will pick up steam in the fiscal year beginning in April, but not by as much as analysts thought just a few months ago due to disappointment over a delayed revival in investment, a Reuters poll found. According to ING Vysya economist Upasana Bharadwaj, the outlook for the economy is still good, but the delay in strong investments in India means...

  • *Cognac shipments to China up in Q3, sales still negative. PARIS, Jan 22- Remy Cointreau said that cognac shipments to its key Chinese market increased in the third quarter but cautioned that local demand did not show clear recovery signs ahead of next month's Chinese New Year. Remy Cointreau, like rivals LMVH, Diageo and Pernod Ricard, has been hit by the Chinese...

  • US STOCKS-Futures edge up as investors await ECB, data Thursday, 22 Jan 2015 | 7:13 AM ET

    *F5 Networks down in premarket after results, outlook. NEW YORK, Jan 22- U.S. stock index futures gained slightly as investors awaited confirmation that the European Central Bank would announce new economic stimulus measures at a meeting on Thursday. *ECB President Mario Draghi will speak to the media at 8:30 a.m., and if the details of the plan are perceived as...

  • IBM outlook drags on Wall Street gains. *Gold above $1,300 for first time since August. NEW YORK, Jan 21- European and U.S. equities rose on Wednesday, lifted by news reports that the European Central Bank will announce a massive bond-buying program to boost the euro zone's flagging economy.

  • RUSSIAN ECONOMY MINISTER ULYUKAYEV SAYS EXPECTS 2015 INFLATION AT SAME LEVEL AS IN 2014.

  • METALS-Copper edges lower, ECB policy meeting in focus Wednesday, 21 Jan 2015 | 5:48 AM ET

    *Copper down 10 pct in year-to-date. LONDON, Jan 21- Copper prices dipped on Wednesday, under pressure from the uncertain outlook for demand from top consumer China, with investors also eyeing the outcome of this week's European Central Bank policy meeting for signs of stimulus measures. The European economy is "on the brink of deflating" and urgently needs more...

  • *Kuroda admits Japan may not see 2 pct inflation until FY2016. TOKYO, Jan 21- Two years into so-called Abenomics- a mix of aggressive monetary and fiscal policy plus structural reform- the Bank of Japan is struggling to reach an ambitious inflation target and convince Japanese that years of deflation are in the past. "Looking at wage negotiations and inflation...

  • SINGAPORE, Jan 21- Oil prices edged up on Wednesday in a further sign of support around current levels, but analysts said the outlook for the next six months remained bleak due to oversupply. Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast and key producer Iran hinted prices could drop to $25 a...

  • *Bonded China nickel premiums up $10 to $85, highest since June. MELBOURNE, Jan 21- London copper edged down on Wednesday, but was still above last week's 5-1/ 2- year low, with trade seen quiet until the outcome of this week's European Central Bank policy meeting on Thursday. China's economy grew at its slowest pace in 24 years in 2014 as property prices cooled and...

  • SINGAPORE, Jan 21- Oil prices edged up on Wednesday in a further sign of support around current levels, but analysts said the outlook for the next six months remained bleak due to oversupply. Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast and key producer Iran hinted prices could drop to $25 a...

  • Japan central bank sees growth rebounding in coming year Wednesday, 21 Jan 2015 | 12:00 AM ET

    TOKYO— Japan's central bank said Wednesday it expects the world's third largest economy to rebound in the coming fiscal year after contracting 0.5 percent this fiscal year, in an upbeat assessment that scuttled hopes for fresh stimulus. Japan's economy is in recession after a sales tax hike in April 2014 stifled demand. The International Monetary Fund...

  • TOKYO— The Japanese central bank says the world's third largest economy will suffer a contraction in its nearly ended current fiscal year but then rebound. The Bank of Japan ended a policy meeting Wednesday without any major change to its ultra-loose monetary policy. Its massive asset purchases are injecting trillions of yen into Japan's economy each month...

  • TOKYO, Jan 21- The Bank of Japan cut next fiscal year's inflation forecast on Wednesday and expanded a loan scheme aimed at boosting lending, hoping to deflect criticism it is sitting idly by as a slump in oil prices pushes inflation further away from its target. Markets are focusing on how Governor Haruhiko Kuroda, at his post-meeting briefing at 3:30 p.m., will...