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Economic Regions

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  • NEW YORK, April 23- Oil prices climbed to their highest levels of the year on Thursday as tensions in the Middle East sparked supply concerns, while the boost from energy-related stocks helped U.S. equities shrug off a batch of soft economic data. Brent crude touched a high of $65.13, its highest since December, and was last up 3.6 percent at $64.97 a barrel, while U.S....

  • *Oil rises on Middle East concern. NEW YORK, April 23- Stocks in major markets shook off soft data in big economies to hold near the unchanged mark on Thursday, while oil prices climbed on Middle East tensions. Some strong earnings from AT&T, up 2.6 percent to $33.73, and eBay, up 3.7 percent to $58.84, and a rise in energy-related shares offset weaker manufacturing data...

  • SINGAPORE, April 16- U.S. crude futures dropped below $56 on Thursday on disappointing U.S. economic data and renewed concerns about global oversupply, but conflict in the Middle East put a floor under prices. *Conflict in Yemen has halved its oil output to 60,000 barrels per day in April and fuelled concerns about the security of Middle East oil supplies, the...

  • DIARY- Top Economic Events to April 24 Tuesday, 14 Apr 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve issues the Beige Book of economic condition- 1800 GMT. WASHINGTON- Levy Economics Institute of Bard College holds 24th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies in Washington. WASHINGTON- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary...

  • DOHA, April 14- Qatar opened the Middle East's first centre for clearing transactions in the Chinese yuan on Tuesday, saying it would boost trade and investment between China and Gulf Arab economies. "The launch of the region's first renminbi clearing center in Doha creates the necessary platform to realise the full potential of Qatar and the region's trade...

  • DIARY- Top Economic Events to April 23 Monday, 13 Apr 2015 | 8:01 PM ET

    STOCKHOLM- Sweden's Riksbank Deputy Governor Cecilia Skingsley will participate in a seminar on pay formation that promotes the competitiveness of the manufacturing industry- 1135 GMT. WASHINGTON- Federal Reserve issues the Beige Book of economic condition- 1800 GMT. WASHINGTON- Levy Economics Institute of Bard College holds 24th Annual Hyman P. Minsky...

  • WASHINGTON, March 17- President Barack Obama will promote U.S. business investment programs to executives from Google Inc, BMW AG and other international companies on March 23 at an administration-led summit to boost job creation in the United States. This year's summit is designed to connect investors with local, state and regional economic development...

  • Fed's Beige Book shows U.S. economy expanding Wednesday, 4 Mar 2015 | 2:00 PM ET

    WASHINGTON, March 4- The U.S. economy continued to expand across most regions and sectors from early January through mid-February, the Federal Reserve said on Wednesday, with auto sales and consumer spending rising in most Fed districts. In its Beige Book report of anecdotal information on business activity collected from contacts across the nation, the...

  • The two biggest economies in Latin America began closed talks last week over the accord signed in 2012, which limits vehicle exports from Mexico to Brazil. The wrangle underlines a widening gap between Mexico, which is aiming to open up its market amidst a car production boom, and Brazil, which is attempting to protect its struggling auto sector.

  • 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...