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Economic Forecasting

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  • *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.

  • METALS-Higher oil provides tailwind for copper's rise Tuesday, 9 Jun 2015 | 10:19 AM ET

    *China investment, industrial production data due this week. *Market expects further China stimulus measures. LONDON, June 9- Copper followed other commodities higher on Tuesday, but price gains are likely to be limited by expectations of weak economic data from top consumer China this week.

  • *China investment and industrial production data due this week. *Market expects further China stimulus measures. LONDON, June 9- Copper prices rose on Tuesday as the dollar slipped, but gains are likely to be capped by expectations of weak economic data from top consumer China this week.

  • SHANGHAI, June 9- China's consumer inflation eased to 1.2 percent year-on-year in May, weaker than market expectations, raising concerns about growing deflationary pressures as the economy cools. Analysts polled by Reuters predicted the index would come in at 1.3 percent compared with 1.5 percent the prior month. The producer price index was unchanged at...

  • CHICAGO, June 8- U.S. chief executive officers have become a bit more pessimistic in their outlook for the American economy in 2015 and fewer of them expect to increase sales, investment and hiring this year, a quarterly business group survey said on Monday. "Of particular concern is the downward movement of our CEOs' investment plans," said Randall Stephenson,...

  • *Exports to China -8.2 pct y/y, to U.S. +2.1 pct. *Exports to Europe -6.7 pct y/y, to Japan +8.6 pct. TAIPEI, June 8- Taiwan's exports slid for the fourth month in a row in May, but by less than expected, indicating some resiliency in one of Asia's export-driven economies even amid a bleak outlook.

  • BERLIN, June 8- German exports and industrial output both rose more sharply than expected in April, getting Europe's largest economy off to a strong start to the second quarter. "This morning's data shows that the economy has left its industrial hibernation behind," ING economist Carsten Brzeski said, adding that the figures pointed to a good start to the second...

  • LONDON, June 8- The Confederation of British Industry, a leading employers group, cut its forecast for UK economic growth on Monday but said the government should not delay its push to fix the public finances. The group said the downgrade mostly reflected a sharp slowdown in Britain's official economic growth rate in the first three months of this year, which...

  • RIO DE JANEIRO, June 7- Renowned Brazilian fund manager Luis Stuhlberger warned Brazil's economy is at risk of suffering a new lost decade, saying recent efforts to balance its finances are not enough and that growth will remain lackluster until at least 2018.. Brazil is in the process of trying to cut back spending in a bid to convince investors that President...

  • 3 economic themes from job report Friday, 5 Jun 2015 | 1:00 PM ET
    3 economic themes from job report

    CNBC's Steve Liesman analyzes the data from the upbeat jobs report.