Economic Regions


  • 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.

  • TAKE A LOOK-Reuters ASEAN Summit Monday, 24 Mar 2014 | 8:28 AM ET

    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.


  • *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.

  • DAVOS, Switzerland, Jan 25- Euro zone inflation is "way below target" and deflation is a potential risk for the bloc, International Monetary Fund Managing Director Christine Lagarde told the World Economic Forum in Davos on Saturday.

  • Worries about Latam spur selloff in Europe shares Friday, 24 Jan 2014 | 11:08 AM ET

    PARIS, Jan 24- European stocks suffered their biggest one-day slide in seven months on Friday, as concerns about economies and currencies in Latin America triggered profit taking after a recent sharp rally.

  • LONDON, Jan 23- Rapidly growing populations and rising incomes will drive an enormous rise in car use and greenhouse gas emissions across Latin America, Africa, the Middle East and Asia by 2050.. Car use in the developed economies of North America, Europe, Japan and Australasia appears to have decoupled from economic growth and in some may have slowed down.

  • U.N. body calls proposed Chile tax reform 'very positive' Wednesday, 11 Dec 2013 | 1:20 PM ET

    SANTIAGO, Dec 11- Chilean presidential frontrunner Michelle Bachelet's proposed tax reform is good news for the Andean nation and would bring the tax rate closer to that of developed nations, the head of the United Nations' regional economic body said on Wednesday.

  • SANTIAGO, Dec 11- Growth in the economies of Latin America and the Caribbean is expected to gather pace next year, as a more favorable global outlook boosts demand for its exports, the United Nations economic body for Latin America said.

  • MONTEVIDEO, Dec 7- The commodities-exporting economies of Latin America will continue expanding in the years ahead, driven by demand from China despite slower growth in its economy, Nobel Prize-winning economist Joseph Stiglitz said on Saturday.

  • LONDON, Nov 11- The European Bank for Reconstruction and Development cut its growth forecasts for central and eastern Europe and North Africa on Monday, citing weak demand for their exports and unfinished reforms. "Inflation has slowed, particularly in central and southeastern Europe.

  • *Consumers struggle to repay debts as economy slows. JOHANNESBURG, Nov 11- African Bank Investments, South Africa's biggest provider of unsecured loans, posted an 88 percent plunge in full-year earnings on Monday as bad consumer debt mushrooms in Africa's largest economy.

  • Cyprus Rescue a Model for Europe: Eurogroup Head Monday, 25 Mar 2013 | 11:57 AM ET

    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.

  • Buy On Any Market Pull-back     Wednesday, 14 Nov 2012 | 6:10 PM ET

    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.

  • Why Americans Should Root for a Strong China Economy Monday, 24 Sep 2012 | 2:15 PM ET

    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.

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