*China economic data stokes worries over oil demand outlook. SINGAPORE, Dec 14- Oil prices dipped on Friday amid concerns over slowing economic growth in China and as investors cashed in on gains of over 2 percent from the previous session, although supply cuts agreed last week by major crude producers offered some support. "For the time being until the OPEC cuts...
FRANKFURT, Dec 14- Growth in Germany, Europe's biggest economy, will slow in the coming years, the Bundesbank said on Friday, cutting its forecasts in a biannual review after a string of disappointing data in recent months. For years the euro zone's powerhouse, Germany struggled unexpectedly in the second half 2018, suggesting that Europe's growth cycle is now...
*China economic data stokes worries over oil demand outlook. SINGAPORE, Dec 14- Oil prices dipped on Friday amid concerns over slowing economic growth in China and as investors cashed in on gains of over 2 percent from the previous session, although supply cuts agreed last week by major crude producers offered some support. "For the time being until the OPEC cuts...
*Nikkei drops 1.4 percent for the week. TOKYO, Dec 14- Japan's Nikkei tumbled on Friday, led by SoftBank and other large-cap stocks, hit by a dull futures and options expiry and worrisome economic indicators from China and Japan. China's November industrial output grew 5.4 percent from a year earlier and retail sales rose 8.1 percent, missing forecasts, official...
BEIJING, Dec 14- Property investment in China picked up in November, in contrast to other key data where growth weakened sharply, though soft home sales and land purchases pointed to a dim outlook for the sector amid a slowing broader economy. Real estate investment, which mainly focuses on the residential sector but includes commercial and office space, rose 9.3...
*Nikkei has dropped 1.4 percent for the week. TOKYO, Dec 14- Japan's Nikkei dropped more than 2 percent on Friday morning, led by SoftBank, Fast Retailing and other large-cap stocks, hit by a dull estimate for a futures and options expiry and worrisome Chinese and Japanese economic indicators. China's November industrial output grew 5.4 percent from a year earlier...
*Dec big manufacturers' sentiment DI plus 19 vs f'cast +17. TOKYO, Dec 14- Japanese business confidence and capital expenditure plans held steady from three months ago, a closely-watched central bank survey showed, a sign companies weren't significantly worried about escalating trade frictions and global growth concerns. "The solid tankan results probably...
*Spot gold was steady at $1,242.11 per ounce, as of 0133 GMT. Prices fell to their lowest level since Dec. 7 at $1,239.83 on Thursday. *Asian shares were on the defensive as investors kept a wary eye on economic tensions between Washington and Beijing, while the euro was steady after the European Central Bank halted new bond purchases as expected.
TBILISI, Dec 13- Georgia will increase spending next year when it expects the economy to grow by 4.5 percent, according to the 2019 budget passed by parliament on Thursday. The former Soviet republic, home to pipelines that carry oil and gas from the Caspian region to Europe, also expects state revenues to rise next year. The economy expanded by 5.1 percent...
FRANKFURT, Dec 13- The European Central Bank maintained on Thursday its long-standing assessment that risks to growth remain "broadly balanced", but acknowledged that downside elements were becoming more prominent. The ECB Governing Council's decision to maintain this outlook was unaninimous. With France and Italy in political turmoil, a global trade war...
FRANKFURT, Dec 13- The European Central Bank maintained on Thursday its long-standing assessment that risks to growth remain "broadly balanced," but acknowledged that downside elements were becoming more prominent. "The risks surrounding the euro area growth outlook can still be assessed as broadly balanced," ECB President Mario Draghi told a news conference...
FRANKFURT, Dec 13- The European Central Bank cut its growth forecasts and tweaked inflation projections on Thursday after the euro zone economy dipped more than expected in the second half of the year, ECB President Mario Draghi told a news conference on Thursday. With underlying economic trends weakening since its previous projections in September and the...
BERN, Switzerland, Dec 13- The Swiss National Bank kept its ultra-loose monetary policy in place on Thursday, citing the "fragile" exchange-rate situation and international tensions as reasons to maintain its expansive course into a fourth year. As far as Brexit is concerned, uncertainty remains high following the postponement of the vote in the UK parliament.
MANILA, Dec 13- The Philippine central bank held its benchmark interest rate steady on Thursday, as expected, in line with the outlook for the inflation rate to cool. The Bangko Sentral ng Pilipinas left the rate on its overnight reverse repurchase facility unchanged at 4.75 percent, as predicted by 11 out of 13 analysts in a Reuters poll. The central bank raised...
CNBC's "Closing Bell" team talks with Scott Minerd, global chief investment officer at Guggenheim Partners, about his prediction for a recession in 2020.
ABUJA, Dec 12- Nigeria's economy is expected to grow by 2 percent this year and by 3 percent in 2019, the country's Minister of Budget Udoma Udo Udoma said on Wednesday. The World Bank expects growth at slightly less than 2 percent in 2018, while and Nigeria's central bank predicts the economy will grow 1.75 percent this year. Nigeria's statistics office on Monday...
MANILA, Dec 12- The Asian Development Bank expects developing Asia to meet its growth forecasts for this year and next on strong domestic demand and easing inflation pressures, though it warned of downside risks from a rising tide of trade protectionism. The 2019 growth outlook for Central Asia was raised to 4.3 percent, from the September projection of 4.2...
*Lebanon's Hariri to attend London investor conference. BEIRUT, Dec 10- Lebanon hopes to reap an economic dividend as resources shift away from wars in the Middle East towards peacetime development, an aide to Prime Minister-designate Saad al-Hariri said on Monday. Hariri will present this more optimistic outlook for a region ravaged by conflict in Syria, Iraq...
TOKYO, Dec 10- The Japanese economy contracted the most in over four years in the third quarter as companies slashed spending, threatening to chill the investment outlook in 2019 as the export-reliant nation grapples with slowing global growth and trade frictions. The slump in the world's third-biggest economy adds to signs elsewhere in Asia and Europe of...
*Q3 GDP revised to annualized -2.5 pct vs prelim -1.2 pct. *Capex revised down to -2.8 pct q/q vs prelim -0.2 pct. TOKYO, Dec 10- The Japanese economy contracted the most in over four years in the third quarter as capital expenditure tumbled, raising concerns about demand at home and overseas as the export-reliant nation grapples with global trade frictions.
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