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Economic Forecasting

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  • *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...

  • SINGAPORE, Jan 21- Oil prices edged up on Wednesday in a further sign of support around current levels, but analysts fretted that 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...

  • BOJ maintains stimulus, cuts inflation forecast Tuesday, 20 Jan 2015 | 10:43 PM ET

    TOKYO, Jan 21- The Bank of Japan maintained its massive monetary stimulus on Wednesday and expanded a loan program aimed at encouraging banks to boost lending, signaling its resolve to achieve its ambitious 2 percent inflation target. It increased the size of one of the programs by 3 trillion yen, to 10 trillion yen. BOJ Governor Haruhiko Kuroda will hold a news...

  • *Governor Kuroda to brief media 0630 GMT. TOKYO, Jan 21- The Bank of Japan is likely to cut its inflation forecasts on Wednesday and may expand loan schemes 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. I think the central bank can hold off on action and take a...

  • *FXCM plummets, details loan agreement. NEW YORK, Jan 20- U.S. stocks dipped on Tuesday after the International Monetary Fund reduced its growth forecasts for 2015 and 2016, but the outlook also boosted hopes central banks would take more aggressive policy moves to spark economic improvement. "It looks like the Fed is super happy to pass that torch to the next...

  • *China data, QE prospects lift European shares. *China slows less than expected, IMF cuts global outlook. Crude oil prices fell after the International Monetary Fund cut its 2015 global economic forecast on lower fuel demand and key producer Iran hinted that prices could drop to $25 a barrel without supportive OPEC action.

  • US STOCKS-Wall St falls after IMF cuts growth outlook Tuesday, 20 Jan 2015 | 12:48 PM ET

    *FXCM plummets 90 percent, details loan agreement. NEW YORK, Jan 20- U.S. stocks fell on Tuesday after the International Monetary Fund lowered its growth forecasts for 2015 and 2016, though the move spurred hopes that central banks would take more aggressive policy stances to accelerate economic improvement. The upside to seeing less international growth is...

  • *U.S. overtakes China as top overseas growth market. DAVOS, Switzerland, Jan 20- Chief executives are more worried than a year ago about the global economic outlook, as deflation stalks Europe and commodity prices wilt, but the United States stands out as a bright spot. That is the verdict of a worldwide survey of more than 1,300 CEOs, released on the eve of the Jan. 21-24...

  • *China economy grew 7.4 percent in 2014, weakest in 24 years. London, Jan 20- Brent crude oil prices fell towards $48 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 implying lower demand for fuel. BNP Paribas analyst Harry Tchilinguirian said the IMF forecast cut was widely expected.

  • *Oil lower again; Halliburton rises after results. *FXCM shares plummet 90 percent, details loan agreement. NEW YORK, Jan 20- U.S. stock index futures pointed to a higher open on Tuesday as lower growth forecasts from the International Monetary Fund spurred hopes that central banks would take more aggressive policy stances to accelerate economic improvement.

  • *China data, QE prospects lift European shares. *China slows less than expected, IMF cuts global outlook. LONDON, Jan 20- Shares rose on Tuesday and the dollar gained 1 percent against the yen after China said its economy had not slowed as much as many in markets had feared.

  • *China economy grew 7.4 percent in 2014, weakest in 24 years. London, Jan 20- Brent crude oil prices steadied around $49 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 implying lower demand for fuel. BNP Paribas analyst Harry Tchilinguirian said the IMF forecast cut was widely expected.

  • US STOCKS-Futures up; oil falls on lower IMF forecasts Tuesday, 20 Jan 2015 | 7:06 AM ET

    *Oil lower again, Halliburton set to report results. *FXCM shares plummet 80 percent, details loan agreement. NEW YORK, Jan 20- U.S. stock index futures rose modestly on Tuesday as lower growth forecasts from the International Monetary Fund spurred hopes that central banks would take more aggressive policy stances to accelerate economic improvement.

  • UPDATE 6-Oil below $49 after IMF cuts growth forecast Tuesday, 20 Jan 2015 | 5:58 AM ET

    *China economy grew 7.4 percent in 2014, weakest in 24 years. London, Jan 20- Brent crude oil prices steadied below $49 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 implying lower demand for fuel. Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries have said they...

  • *China economy grew 7.4 percent in 2014, weakest in 24 years. London, Jan 20- Brent crude oil prices fell towards $48 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 implying lower demand for fuel. Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries have said they...

  • *Revised budget assumes world oil price of $55 instead of $100. KUALA LUMPUR, Jan 20- Malaysia ringgit currency fell to a six-year low on Tuesday as the government cut its economic growth forecast, reduced its budget and widened its fiscal deficit target for 2015, to reflect lower oil and gas revenues due to plunging world prices. Announcing revisions to a 2015...