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  • NEW YORK, Feb 24- New York City will have a budget surplus totaling $1.6 billion in fiscal years 2015 and 2016, due mainly to higher-than-anticipated tax revenues, the city's top financial watchdog said on Tuesday. New York City has the largest regional economy in the United States. "New York City has benefited from a solid economic recovery, but the possibility of...

  • Private equity fund managers, gathering in Berlin on Monday for their largest annual conference, will weigh the potential threat of deep pocketed buyers from developing economies in Asia and the Middle East. This group, which includes China's property and entertainment giant Dalian Wanda Group Co and sovereign wealth funds from Singapore, Qatar, Kuwait and...

  • Private equity fund managers, gathering in Berlin on Monday for their largest annual conference, will weigh the potential threat of deep pocketed buyers from developing economies in Asia and the Middle East. This group, which includes China's property and entertainment giant Dalian Wanda Group Co and sovereign wealth funds from Singapore, Qatar, Kuwait and...

  • *Carrefour to open first Kenya store this year. *Kenya seen as gateway to regional trade. Kenya, with a GDP of $53.4 billion, is a gateway to regional trade, but it holds other attractions for retail investors.

  • President Barack Obama on Monday said he looked forward to German Chancellor Angela Merkel's appraisal of the financial situation in Greece and ways to address growth.

  • KIGALI, Jan 27- International Monetary Fund head Christine Lagarde has warned that African economies could be hurt by a slowdown in China's economy and an imminent hike in United States interest rates. "Momentum is slowing in many advanced and emerging economies, including China- one of Africa's main trading partners," Lagarde told Rwandan lawmakers in the...

  • NEW YORK, Jan 23- European stocks hit seven-year highs on Friday, continuing a rally ignited by the European Central Bank's plan for massive regional economic stimuli that also knocked the euro to 11- year lows. The currency has lost more than 7 percent since the start of the year and is on track for its biggest monthly fall since the depths of the financial crisis...

  • NEW YORK, Jan 23- European stocks hit seven-year highs on Friday, continuing a rally ignited by the European Central Bank's plan for massive regional economic stimuli that also knocked the euro to fresh 11- year lows. Wall Street fell on soft corporate earnings news after the S&P 500 had rallied 1.5 percent on Thursday's $1 trillion bond-buying announcement...

  • Oil export losses to reach $300 billion in Middle East Wednesday, 21 Jan 2015 | 9:00 AM ET

    WASHINGTON, Jan 21- Losses from lower oil exports should sap up to $300 billion from economies in the Middle East and Central Asia this year, as countries in the region adjust to falling crude prices, the International Monetary Fund said on Wednesday. Economies that are particularly dependent on oil exports, including Qatar, Iraq, Libya and Saudi Arabia, will be hit...

  • WASHINGTON, Jan 14- A plunge in energy prices is hitting America's oil and gas producers, leading some firms to lay off workers while others struggle to get loans, the Federal Reserve said on Wednesday. The Fed's monthly Beige Book report on business activity had some evidence of this economic boost, with firms telling the Fed that lower gasoline prices helped...

  • *Investors bullish on Japan's prospects due to economic stimulus. TOKYO, Jan 5- Japanese stocks began 2015 on a down note on Monday as investors showed little taste for risk given weak prospects for global growth and a sombre Wall Street performance on Friday, but the mood towards Japan's outlook remained upbeat after last year's gains. In an interview with the...

  • The pan-European FTSEurofirst 300 index was down 0.5 percent by 0909 GMT, with benchmark indexes in France, Germany and Britain all reversing early gains after a survey showed eurozone output, new orders and employment all recorded sluggish growth at the end of 2014.. Although all national bourses were open except Switzerland and Hungary, traders said quiet...

  • IVASCYN SAYS PIMCO REMAINS FAVORABLE ON EUROZONE PERIPHERAL BONDS; SEES POTENTIAL OUTPERFORMANCE IN EQUITY MARKETS IN JAPAN, EURO ZONE.

  • PIMCO SAYS UPSIDE SURPRISES TO GROWTH LIKELY FOR CONSUMERS OF OIL- JAPAN, U.S., EUROZONE, CHINA, WILL BE NEGATIVE FOR BRAZIL, RUSSIA.

  • WASHINGTON, Dec 3- U.S. economic activity continued to expand in October and November, with lower gasoline prices boosting consumer spending, the Federal Reserve said on Wednesday. In its Beige Book report of anecdotal information on business activity collected from contacts nationwide on or before Nov. 24, the U.S. central bank said a number of its districts...

  • DIARY -Top economic events to Dec 15 Tuesday, 2 Dec 2014 | 7:01 PM ET

    CHARLOTTE, United States- Federal Reserve Bank of Philadelphia President Charles Plosser speaks on the economic outlook before the Charlotte Economics Club- 1730 GMT. WASHINGTON- Federal Reserve issues the Beige Book of economic condition- 1900 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard and former Federal Reserve vice chair Donald Kohn...

  • BULLARD SAYS GLOBAL MARKET RECESSION FEARS FROM WEAKER EUROPEAN ECONOMY WERE OVERSTATED.

  • MEXICO CITY, Oct 31- Mexico and its main construction companies could help carry out a plan to spur economic growth and jobs in Central America to stem illegal immigration to the United States, a senior Mexican government official said on Friday. Struggling to stop a record flood of child migrants to the United States earlier this year, Guatemala, Honduras and El...

  • MSCI's emerging equity index slipped 0.9 percent after the previous day's 1 percent fall, sparked by a Wall Street rout and flight to safe-haven bonds after disappointing U.S. data reinforced worries about the global economy. Dubai's stock market fell 2.4 percent while Abu Dhabi's index slipped 2.1 percent and Qatar slid 1.4 percent. While central Europe is...

  • WASHINGTON, Oct 15- The U.S. economy expanded at a "modest to moderate" pace across much of the nation in recent weeks, the Federal Reserve said on Wednesday, giving a picture of stable economic growth despite recent signs of weakness. In its Beige Book report of anecdotal information on business activity collected from contacts across the nation, the central bank...