That's the verdict of financial information company Markit even as it noted Thursday a growth pick-up during July despite ongoing stagnation in France, Europe's second-largest economy.» Read More
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.
MANILA, March 24- Southeast Asia is unlikely to hit a target of integrating its 10 economies by 2015, but the group has much potential to be a trading hub for Asia once it fully creates an economic community, the Philippines' finance chief said on Monday.
RUSTENBURG, South Africa, March 20- As South Africa's biggest post-apartheid mine strike marks its eighth week on Thursday, it is already denting growth and export earnings, and many of those affected are having to sell their most prized possessions to make ends meet.
BEIJING, March 7- China has begun preparations to set up a multilateral bank to fund infrastructure projects in Asia, the finance ministry said on Friday, looking to tap into demand for infrastructure growth as regional economies develop. "Existing MDBs, such as the World Bank and the Asian Development Bank, put their priorities more on poverty reduction," Lou said.
FEDERAL RESERVE SAYS ECONOMIC ACTIVITY DECLINED IN TWO OF 12 REGIONS IN JANUARY AND EARLY FEBRUARY, MOSTLY DUE TO WEATHER- BEIGE BOOK.
*Greece, Italy seen as most corrupt. BRUSSELS, Feb 3- Corruption costs Europe 120 billion euros a year, or around one percent of economic output, according to the first ever report on graft in the 28- nation European Union by the executive European Commission. Almost all firms in Greece, Spain and Italy believe it is widespread.
*Regional economic pillars Ghana, Ivory Coast facing gas shortages. ABIDJAN, Jan 30- Ivory Coast and Ghana are planning talks with liquefied natural gas exporters Nigeria and Equatorial Guinea to create a regional gas company to address a looming power crunch, Ivory Coast's energy minister said.
A rescue program agreed for Cyprus on Monday represents a new template for resolving euro zone banking problems, the head of the region's finance ministers said.
Michael McCarthy, Chief Market Strategist, CMC Markets says that the current market pull-back is an opportunity to buy stocks. But investors should practice caution.
China’s economic slowdown is not good for the U.S., as exports to China create jobs for Americans. And economists doubt that China will return to its previous growth rates, the Fiscal Times reports.
Adrian Mowat, JPMorgan chief Asian equity strategist, provides perspective ahead of China's latest GDP figures and discusses whether the country's economy is headed for a hard landing.