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Economic Forecasting

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  • SINGAPORE, June 12- Oil futures dipped on Friday after Saudi Arabia said it was ready to raise output further to meet strong demand. But the rally was halted by a dimming global economic outlook as well as top crude exporter Saudi Arabia saying it was ready to increase its oil output in coming months to a record high to meet a rise in global demand.

  • MELBOURNE, June 12- London copper firmed a touch on Friday from near three month lows hit the session before, and was facing its fourth consecutive weekly fall as worsening economic indicators from top consumer China cast a pall over the demand outlook. *The International Monetary Fund dramatically raised the stakes in Greece's stalled debt talks on Thursday,...

  • SINGAPORE, June 12- Oil futures dipped on Thursday, with U.S. crude retreating further from a one-month peak of almost $62 a barrel earlier this week, after Saudi Arabia said it was ready to raise output further to meet strong demand. But the rally was halted by a dimming global economic outlook as well as top crude exporter Saudi Arabia saying it was ready to...

  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. The euro extended losses after International Monetary Fund spokesman Gerry Rice said "major differences" remained with Greece over an agreement to save the country from bankruptcy. "Oil continues to slip and slide when it gets bad news out of Greece," said Phil Flynn, analyst at Chicago- based Price Futures...

  • Rapid update: Increasing GDP forecasts Thursday, 11 Jun 2015 | 1:00 PM ET
    Rapid update: Increasing GDP forecasts

    CNBC's Steve Liesman checks on GDP forecasts.

  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. The euro extended losses after International Monetary Fund spokesman Gerry Rice said "major differences" remained with Greece over an agreement to save the country from bankruptcy. "Oil continues to slip and slide when it gets bad news out of Greece and moves higher when Greek hopes for a deal to avoid a...

  • WRAPUP 2-Strong U.S. retail sales boost growth outlook Thursday, 11 Jun 2015 | 10:27 AM ET

    WASHINGTON, June 11- U.S. retail sales surged in May as households boosted purchases of automobiles and a range of other goods even as they paid a bit more for gasoline, the latest sign economic growth is finally gathering steam. "Today's data, including the trend-like jobless claims number, keep September firmly in place as a credible option for the Fed," said...

  • *Retail sales rise 1.2 percent in May. WASHINGTON, June 11- U.S. retail sales surged in May as households boosted purchases of automobiles and a range of other goods even as they paid a bit more for gasoline, the latest sign economic growth is finally gathering steam. Retail sales increased 1.2 percent last month after an upwardly revised 0.2 percent gain in April,...

  • U.S. retail sales jump in May, brighten growth outlook Thursday, 11 Jun 2015 | 8:30 AM ET

    WASHINGTON, June 11- U.S. retail sales surged in May as households boosted purchases of automobiles and a range of other goods even as they paid a bit more for gasoline, the latest sign economic growth is finally gathering steam. The Commerce Department said on Thursday retail sales increased 1.2 percent last month after an upwardly revised 0.2 percent gain in...

  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. LONDON, June 11- Oil prices fell on Thursday due to a stronger dollar and a gloomy economic outlook from the World Bank, while a bullish report about global demand from the International Energy Agency failed to dispel concerns about a supply glut. In its twice-yearly Global Economic Prospects report, the...

  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. SINGAPORE, June 11- Crude oil futures fell on Thursday as the World Bank cut its global economic growth forecast, ending a two-day rally triggered by a sharp U.S. inventory drawdown. In its twice-yearly Global Economic Prospects report, the World Bank predicted the global economy would expand 2.8 percent...

  • SINGAPORE, June 11- U.S. crude futures fell early on Thursday as a cut in the World Bank's global growth outlook pulled them away from one-month highs, ending a two-day rally on a big U.S. stock drawdown. Front month U.S. crude had fallen 33 cents to $61.10 a barrel by 0032 GMT. *The World Bank predicted that India would be the fastest-growing major economy for the first...

  • NEW YORK, June 10- Standard& Poor's on Wednesday affirmed its AA-plus long-term sovereign credit rating on the United States citing the country's extensive economic policy flexibility and status as issuer of the world's leading reserve currency. The outlook on the long-term rating on the United States remains stable, the ratings agency said.

  • WASHINGTON, June 10- Ukraine cannot wait until September to reach an agreement with its creditors to find some $15.3 billion in savings before it is forced to call a moratorium on debt payments, Finance Minister Natalia Yaresko said on Wednesday. She also repeated that she expects the International Monetary Fund to release its next $1.7 billion tranche of aid...

  • WASHINGTON, June 10- The World Bank on Wednesday cut its global growth outlook for this year and urged countries to "fasten their seat belts" as they adjust to lower commodity prices and a looming rise in U.S. interest rates. "We at the World Bank have just switched on the seat belt sign," Basu said in a press conference in Washington. But the World Bank cut its 2015 growth...

  • *China to export less aluminum semis- StanChart. LONDON, June 10- Copper rose to its highest in nearly two weeks on Wednesday due to a weaker dollar and ongoing draw downs in exchange stocks of the metal, but a slowdown in demand in top consumer China this summer capped gains. Economists at China's central bank are predicting a pick-up in the world's second-biggest...

  • METALS-Copper up on weaker dollar, China outlook clouded Wednesday, 10 Jun 2015 | 6:37 AM ET

    *China to export less aluminium semis- Stanchart. LONDON, June 10- Copper rose nearly 2 percent on Wednesday due to a weaker dollar and ongoing draws in exchange inventory, but a seasonal slowdown in demand in top consumer China this summer capped price gains. Economists at China's central bank are predicting a pick up the world's second-biggest economy during...

  • BANGKOK, June 10- Thailand's central bank on Wednesday left its benchmark interest rate steady after two surprise cuts, saying that the economy is "projected to improve gradually". In the year since the military took control of Southeast Asia's second-largest economy, Thailand has been unable to overcome stubbornly weak domestic consumption and slow demand...

  • SAO PAULO, June 9- Foreign investors' optimism about Brazil remains unfounded even as it lessened somewhat in May, Verde Asset Management said in a monthly letter to clients distributed on Tuesday. Verde, Brazil's largest hedge fund with over 30 billion reais under management, cautioned that Brazil's fiscal outlook remains tough while its economy seems...

  • *China investment, industrial production data due this week. *Market expects further China stimulus measures. However, gains in the metal used in power and construction were limited by expectations of weak economic data from top consumer China this week.