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Sep 20, 2011

Analysis: BRICs aid for Europe a tough sell in Asia

By Emily Kaiser, Asia Economics Correspondent

(Reuters) – Brazil will have a tough time convincing its risk-averse fellow BRICs to bankroll a European rescue no matter how the aid is structured.

Funneling the money through the International Monetary Fund instead of buying European debt directly offers a layer of protection against default. But India, China and Russia have already pledged a combined $70 billion to augment the IMF’s lending power, and may be reluctant to do more.

Sep 9, 2011

Global slowdown silences Asia’s inflation hawks

SINGAPORE (Reuters) – The global economic slowdown has brought emerging Asia’s rate-hiking cycle to a premature pause and the next step could be easing if the United States slides into a recession or Europe’s debt troubles spawn a full-blown financial crisis.

Central banks in Indonesia, Malaysia and the Philippines said on Thursday that inflation pressures were abating, and predicted they will get more relief as the weakening world economy chills demand.

Sep 9, 2011

Analysis: Global slowdown silences Asia’s inflation hawks

SINGAPORE (Reuters) – The global economic slowdown has brought emerging Asia’s rate-hiking cycle to a premature pause and the next step could be easing if the United States slides into a recession or Europe’s debt troubles spawn a full-blown financial crisis.

Central banks in Indonesia, Malaysia and the Philippines said on Thursday that inflation pressures were abating, and predicted they will get more relief as the weakening world economy chills demand.

Sep 4, 2011

Caught in a policy dilemma

SINGAPORE (Reuters) – Emerging markets are struggling to contain inflation while advanced economies face stagnation, causing consternation for central bankers caught in the middle.

Brazil cut interest rates unexpectedly on Wednesday even though inflation picked up in August. Speculation has swirled for the past week that China might ease lending conditions for some small- and medium-sized companies. Even a few of the industrialized nations, such as South Korea, face growing pressure to delay further interest rate rises as global growth prospects dim.

Sep 1, 2011

Global factories falter as orders fade away

LONDON/SINGAPORE (Reuters) – Factory activity worldwide stalled last month as new orders tumbled, a series of surveys showed on Thursday, heightening fears that the global economy may be heading for another recession.

The Purchasing Managers’ Indexes showed manufacturing activity contracted in the euro zone for the first time in almost two years in August, echoing earlier data from South Korea and Taiwan where new export orders fell sharply.

Sep 1, 2011

Factories falter as orders fade away

LONDON/SINGAPORE, Sept 1 (Reuters) – Factory activity
worldwide stalled last month as new orders tumbled, a series of
surveys showed on Thursday, heightening fears that the global
economy may be heading for another recession.

The Purchasing Managers’ Indexes showed manufacturing
activity contracted in the euro zone for the first time in
almost two years in August, echoing earlier data from South
Korea and Taiwan where new export orders fell sharply.

Sep 1, 2011

Asia’s factories quieter as exports slip

SINGAPORE (Reuters) – Slumping export demand slowed factory activity in some of Asia’s biggest economies in August, although China fared better thanks to solid domestic growth, a series of surveys released on Thursday showed.

The Purchasing Managers Indexes showed manufacturing contracted in South Korea and Taiwan as new export orders fell sharply. China’s official PMI increased slightly, the first rise since March, but it also reflected the effects of slowing demand in the United States and Europe.

Aug 31, 2011

Weak electronics short-circuit Asian growth

SINGAPORE, Aug 31 (Reuters) – Japan and South Korea reported
surprisingly weak July factory output on Wednesday as global
electronics demand faded, exposing Asia’s vulnerability to a
worsening U.S. and European economic slowdown.

Industrial output rose just 0.6 percent in Japan, less than
half the rate economists polled by Reuters had predicted. South
Korea’s declined 0.4 percent, defying expectations for a 0.6
percent rise.

Aug 30, 2011

China keeps world guessing on yuan plan

SINGAPORE (Reuters) – Figuring out what the People’s Bank of China is doing can be as perplexing as parsing a statement from Alan Greenspan, the notoriously opaque former U.S. Federal Reserve chairman.

Now that the U.S. central bank has made it clear that any further economic assistance will have to wait until September — if it comes at all — the world is even more reliant on China, the second largest economy, to do what it can to support growth.

Aug 29, 2011

Analysis: China keeps world guessing on yuan plan

SINGAPORE (Reuters) – Figuring out what the People’s Bank of China is doing can be as perplexing as parsing a statement from Alan Greenspan, the notoriously opaque former U.S. Federal Reserve chairman.

Now that the U.S. central bank has made it clear that any further economic assistance will have to wait until September — if it comes at all — the world is even more reliant on China, the second largest economy, to do what it can to support growth.

    • About Emily

      "Emily Kaiser covers macroeconomics for Reuters. She focuses on big-picture stories, explaining trends in the U.S. economy for a global audience. Emily joined Reuters in 1996 as a commodities reporter covering grain markets and the Chicago Board of Trade. She moved to London in 2000 to cover European stock markets, and later covered large-cap U.S. retailers. She moved to Washington in 2007."
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