NAPLES, Italy— European Central Bank head Mario Draghi is expected Thursday to underline the bank's willingness to deploy more economic stimulus measures, a stance that could send the euro skidding even lower. And a drop in the currency— which helps eurozone exporters and could nudge up worryingly low inflation— might be the most effective stimulus to come out...» Read More
TAIPEI, May 5- Taiwan's financial regulators said on Monday they will file a suit against Glaucus Research Group over "maliciously spreading rumor" against Asia Plastic, its first such move against a foreign company. It has caused instability to the shares and the local stock market, " William Tseng of the Financial Supervisory Commission told reporters.
The final reading of the HSBC/ Markit purchasing managers' index for April came in at 48.1, lower than a preliminary reading of 48.3 but up slightly from an eight-month low of 48.0 in March. The HSBC/ Markit PMI has been below the 50 level that separates growth from contraction since the start of 2014..
SYDNEY, May 5- Shanghai copper edged up on Monday to near its highest in two months as markets returned from a two-day holiday, supported by hopes the U.S. economy is gaining speed and steady local demand. *The most-traded July copper contract on the Shanghai Futures Exchange climbed 0.4 percent to 47,800 yuan a tonne by 0117 GMT.
SINGAPORE, May 5- U.S. crude held steady below $100 per barrel in early Asian trading on Monday, as investors awaited China's April factory activity data for clues about demand for energy in the world's second biggest economy.
PANAMA CITY, May 4- Panama's vice-president, running as an opposition candidate, won the country's presidential election on Sunday after a campaign in which he took credit for outgoing leader Ricardo Martinelli's policies but promised a cleaner government.
SINGAPORE, May 5- Gold was trading near a one-week high on Monday, retaining sharp gains from the previous session, as heightened tensions and violence in Ukraine burnished the metal's safe-haven appeal. *Spot gold was flat at $1,300.33 an ounce by 0032 GMT, after gaining 1.3 percent on Friday. *Gold's reaction to Friday's U.S. jobs data was mixed.
SYDNEY, May 5- Asian share markets inched ahead on Monday as a robust U.S. jobs report was taken as positive for global growth prospects even as a lack of inflation pulled down bond yields across the United States and Europe. Market holidays in Japan and South Korea thinned trade, as did caution over the crisis in Ukraine.
DIARY- Central& Eastern Europe debt.
May 5- For other related diaries, please. KAMPALA- Central Bank of Uganda announces Monetary Policy Statement. PARIS- Organisation for Economic Co-operation and Development Forum 2014.
MUMBAI, May 5- A rally that's taken India's stock market to record highs faces a reality check as profits at some blue chips have been bolstered by non-operating items such as tax credits and investments, rather than by a revival in demand.
PANAMA CITY, May 4- Panama's vice-president, running as an opposition candidate, took an early lead in Sunday's presidential election after a campaign in which he took credit for outgoing President Ricardo Martinelli's policies but promised a cleaner government.
*Upbeat U.S. jobs offset by worries about Ukraine. SYDNEY, May 5- The dollar got off to a cautious start on Monday having staged a curious reversal late last week that saw it erase all of the gains sparked by a strong payrolls report.
May 4- Gary Becker, whose work applying the principles of economics to a wide range of human behavior won the Nobel Prize in 1992, has died at age 83, the University of Chicago said on Sunday.
BEIJING, May 5- Entrepreneur Wang Jing is little-known outside China, but the turnaround of his core telecoms business shows he is a well-connected figure among the Beijing elite.
*Economists say weak economy gives Beijing room to depreciate. SHANGHAI, May 5- Beijing's attack on yuan speculators has proven extraordinarily successful, so much so that traders no longer see it as a short-term intervention but a deeper market shift that has now gained a self-reinforcing momentum.
May 5- China's leadership unveiled some of the most comprehensive economic and social reforms in nearly 30 years in November 2013.
GURGAON, India, May 5- When Narendra Modi talks about creating jobs in labour-intensive manufacturing, textile entrepreneur Sudhir Dhingra hopes the Indian opposition leader means business.
May 5- Six months into China's grand economic makeover, Beijing is playing it safe, choosing gradual progress on many fronts over game-changing, riskier reforms such as removing all controls over bank interest rates.
BEIJING, May 5- Wang Jing, the enigmatic businessman behind Nicaragua's $50 billion Interoceanic Grand Canal, shrugs off scepticism about how a little-known entrepreneur can be driving a huge transcontinental project, insisting he's not an agent of the Beijing government.
LONDON, May 4- Euro zone policymakers get their main monthly chance this week to adjust their rhetoric about further monetary stimulus, although with inflation creeping a bit higher there, talk is more likely than action.