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Economic Regions BRICS

  • *Egypt exports to hit $22 billion for 2017. CAIRO, Sept 19- Egypt's exports should grow about 10 percent this year to reach $22 billion, Trade Minister Tarek Kabil said on Tuesday, as the country lures foreign investors keen on setting up manufacturing following economic reforms. Egypt has been trying to market itself as a manufacturing hub for foreign investors,...

  • BEIJING, Sept 19- China's central bank supports a move by some banks to increase lending rates on mortgage loans in the Beijing market, state broadcaster China Central Television on Tuesday quoted the central bank as saying. Mortgage lending rates that are 5 percent to 10 percent higher than the benchmark lending rate have become "a mainstream phenomenon" in...

  • BEIJING— A foreign business group appealed to China on Tuesday to move faster in carrying out promises to open its state-dominated economy and warned that inaction might fuel a backlash against free trade. Beijing faces mounting complaints from Washington and Europe about barriers in industries from finance to medical equipment while its own competitors...

  • MELBOURNE, Sept 19- London copper and zinc climbed on Tuesday on signs that a cooling property market in top consumer China was not derailing economic growth in the world's top metals consumer. *CHINA PROPERTY: China's new home prices rose in August at the slowest pace in seven months and fell or leveled off in more cities as government cooling measures dampened...

  • Bruce Rauner is wrapping up his administration's first international trade mission with a visit to a Chinese university, where he said he's encouraging students to study, visit and build companies in Illinois. Rauner spent the first part of his eight-day trip at the Midwest-Japan Conference in Japan, where he said he and eight other Midwest governors met with...

  • By Andrey Ostroukh and Jack Stubbs. MOSCOW, Sept 15- The Russian Central Bank lowered its main interest rate to 8.5 percent from 9 percent on Friday and said it expected to deliver more cuts in the next six months as inflation slows. "Taking into account a balance of risks for inflation, the Bank of Russia considers its possible to lower the key rate in the next half a...

  • BEIJING, Sept 15- Chinese banks extended more credit than expected in August, buoyed by demand from home buyers and companies, but there are signs that credit growth may have reached a peak as tighter monetary conditions filter into the broader economy. Analysts polled by Reuters had predicted new yuan loans of 900 billion yuan, up from 825.5 billion yuan in July.

  • BEIJING, Sept 15- Chinese banks extended more credit than expected in August, buoyed by demand from home buyers and companies, but there are signs that credit growth may have reached a peak as tighter monetary conditions filter into the broader economy. Analysts polled by Reuters had predicted new yuan loans of 900 billion yuan, up from 825.5 billion yuan in July.

  • The disappointing data on Thursday took some of the shine off China's surprisingly robust growth in the first half of the year, which had sharply boosted corporate earnings. But they added that while momentum may fade slightly, China's growth is expected to remain relatively robust through the rest of the year and easily beat the government's target of around...

  • BEIJING, Sept 15- A pick-up in China's inflation during August was due mainly to short-term pressures and the headline consumer price index and producer price index levels will remain within a reasonable range, the country's state planner said on Friday. China's producer price inflation accelerated to a four-month high in August while consumer inflation...

  • *Softer data points to some loss of steam for China's economy. BEIJING, Sept 14- China posted a rare flurry of disappointing data on Thursday-- including its slowest growth in investment in nearly 18 years-- suggesting the world's second-largest economy is finally starting to lose some momentum as borrowing costs rise. Factory output and retail sales also grew...

  • *Jan-Aug fixed-asset investment +7.8 pct y/y. BEIJING, Sept 14- China on Thursday posted its slowest growth in fixed-asset investment in nearly 18 years along with weaker-than-expected industrial output and retail sales, suggesting the economy may be starting to lose steam as lending costs rise. Fixed-asset investment, a key growth driver for the world's...

  • BEIJING, Sept 14- China's economic fundamentals haven't showed any big changes in August, a statistics bureau spokeswoman said on Thursday, after the country released weaker-than-expected activity data for the month.

  • *Spot gold was down 0.2 percent at $1,320.21 an ounce by 0048 GMT, after earlier dropping to its lowest since Sept. 1 at $1,318.96. *North Korea displayed trademark defiance on Wednesday over new United Nations sanctions imposed after its sixth and largest-ever nuclear test, vowing to redouble efforts to fight off what it said was the threat of a U.S. invasion.

  • *China investor confidence rise to highest level since Jan 2016. *Biofuel makers surge as China plans nationwide use of ethanol. SHANGHAI, Sept 13- China stocks were little changed on Wednesday morning, hovering near 20- month highs, thanks to rising investor confidence over the economic outlook even as regulators tap the brakes on excess credit.

  • MUMBAI, Sept 13- India's cash crunch and confusion over the introduction of a national sales tax were initially blamed for pulling economic growth down to its weakest pace in more than three years. Thomson Reuters data, based on the latest annual earnings reports, shows India's corporate debt rose to a seven-year high at the end of March. The Indian government...

  • MUMBAI, Sept 13- India's cash crunch and confusion over the introduction of a national sales tax were initially blamed for pulling economic growth down to its weakest pace in more than three years. Thomson Reuters data, based on the latest annual earnings reports, shows India's corporate debt rose to a seven-year high at the end of March. The Indian government...

  • *Reuters poll data: reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/cb-polls? *Regular rate-setting meeting due on Sept. 15. MOSCOW, Sept 11- The Russian central bank is expected to cut its key rate to 8.5 percent on Friday, catching up with a rapid slowdown in inflation, a Reuters poll showed on Monday.

  • BEIJING, Sept 12- The world economy is showing positive signs but is still fragile and countries should rely on structural reforms, not quantitative easing, to support growth, Chinese Premier Li Keqiang said on Tuesday. Li, who met with the heads of global bodies, including International Monetary Fund Managing Director Christine Lagarde and World Bank...

  • BEIJING, Sept 12- The global economy is recovering, but could easily be derailed by policy uncertainty and the threat of protectionism, International Monetary Fund Managing Director Christine Lagarde said in Beijing on Thursday.