MEXICO'S ECONOMY MINISTRY SAYS WILL CONTINUE TO DEFEND ITS RIGHTS AND WILL EXPLORE AVAILABLE LEGAL ROUTES TO PROTECT MEXICO'S INTERESTS UNDER THE AEGIS OF NAFTA, WTO.» Read More
Markit economist Rob Dotson said Thursday the eurozone "looks ready to bounce back" following the second quarter but that third-quarter growth would be only around 0.3-0.4 percent. The survey showed activity in France, the eurozone's No. 2 economy, stabilized after three months of declines.
CRUDE FUTURES DROP $1 TO $96.59/ BBL AS AMPLE SUPPLY, WEAK EUROPEAN ECONOMIC DATA APPLY PRESSURE.
*Germany surprises by slipping into contraction. *France flatlines, government rips up growth forecast. BERLIN/ PARIS, Aug 14- Germany's economy shrank in the second quarter and France again managed to conjure up no growth, data showed on Thursday, snuffing out any signs of a recovery in the euro zone which is now weighed down by tit-for-tat sanctions with Russia.
The European Central Bank, with a further monetary stimulus? Or governments in France and Italy, which have dragged their heels in making their economies more business-friendly? Especially if the Ukraine crisis mushrooms with a Russian invasion that would scare off business investment even more— and extend one bad quarter into an outright recession.
FRANKFURT, Aug 6- European Central Bank President Mario Draghi held talks with incoming European Commission chief Jean-Claude Juncker on Wednesday, against the backdrop of a debate among euro zone policymakers about their fiscal rules.
BEIJING, July 30- China's regional economies enjoyed a revival in growth in the second quarter, data from provincial governments showed, chiming with earlier figures that suggest a burst of government stimulus measures is re-invigorating activity. Growth also diverged sharply between eastern and western China.
NEW YORK, July 29- U.S. Ten-year German government bond yields, the benchmark for euro zone borrowing costs, hit record lows of 1.12 percent, as the prospect of a fresh round of long-term loans to banks from the European Central Bank from September supported euro zone debt.
IMF'S LAGARDE SAYS EUROPEAN ECONOMY IS RECOVERING BUT FINANCIAL MARKETS "PERHAPS TOO UPBEAT".
LONDON, June 3- A potential shortfall in investment in production in the Middle East could create a $15 increase in the oil price by 2025, the energy arm of the Organization for Economic Cooperation and Development said.
MADRID, May 30- Spanish national consumer price rises slowed in May largely due to falls in food and drink, preliminary data showed on Friday, heightening fears of deflation risk in the euro zone. Prices rose just 0.2 percent in May from a year earlier, down from 0.4 percent in April, data from the National Statistics Institute said.
NYANDENI, South Africa May 29- Mining accounts for a fraction of South Africa's gross domestic product but still hits well above its weight and is pushing the continent's most advanced economy towards recession.
*Extent of China slowdown a key risk factor. Much will depend on how China- the world's second-largest economy- performs. The consensus from over 200 economists polled April 15-24 was for growth in economies from China to India, Indonesia, Singapore and Thailand to be steady and near last year's largely lacklustre levels.
April 22- For other related diaries, please. MANILA- Asian Development Bank will launch its latest Asian Economic Integration Monitor, a semiannual review of Asia's regional economic cooperation and integration. COLOMBO- Sri Lanka Central Bank announces interest rate decision- 0130 GMT.
TOKYO, April 17- The Bank of Japan maintained its upbeat view on most of the country's regional economies, adding to reassurances from its governor that the world's third-largest economy can ride out the pain from a sales tax hike without additional stimulus.
PANAMA CITY, April 3- The presidents of Mexico and Panama signed a free trade deal on Thursday, moving the smaller nation a step closer to joining a regional pact that includes several major Latin American economies.
BRENT CRUDE OIL FUTURES FALL MORE THAN $1 PER BARREL ON DISAPPOINTING CHINA, EUROZONE ECONOMIC DATA.
YANGON, March 25- Myanmar- focused conglomerate Yoma Strategic Holdings Ltd said Southeast Asia needs to work exceptionally hard to realise a balanced, European Union- style integration of such disparate economies.
SINGAPORE, March 25- Rising U.S. interest rates and the Federal Reserve winding down economic stimulus mean investors in Southeast Asian bonds must anticipate near-term jitters and increased yields, said the Asia-Pacific head of fixed income at State Street Global Advisors.
While the Association of Southeast Asian Nations is targeting economic integration by 2015, the countries that make it up vary from the developed financial centre of Singapore to the frontier markets of Myanmar and Laos.
SINGAPORE, March 24- Oversea-Chinese Banking Corp Ltd aims to expand in Greater China which it sees as the engine of Asian economic activity, rather than in another market in Southeast Asia where Singapore's second-biggest lender is already well entrenched.