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Mexico central bank holds rates steady; weak peso, growth eyed MEXICO CITY: Mexico's central bank held interest rates steady on Thursday at a record low as policymakers eyed greater risks to growth and flagged concerns that a weak peso could fan consumer prices. The central bank held its main interest rate at a record low of 3.00 percent, as expected by 26 of 27 analysts polled by Reuters, after inflation slowed to the central bank's 3 percent target last month for the first time in nearly nine years. But policymakers said inflation, which should close the year below 3 percent, could be pushed up by a deeper slump in the peso."We cannot rule out a new increase in international volatility that could affect the peso, especially faced with uncertainty about the normalization of US monetary policy," the bank said. Mexico's peso this month weakened to historic lows against the dollar, hammered by a slump in oil prices and fears that ...


Air Berlin sees profits improving in 2015 BERLIN: Air Berlin said it expected profit to improve significantly in 2015 thanks to turnaround measures being put in place by its new chief executive. The carrier, Germany's second-largest airline, made the prediction as it released preliminary figures for 2014 showing a net loss of between 362 million and 387 million euros ($393 to $420 million). Air Berlin had previously forecast a net loss for 2014 of about 350 million euros and said on Thursday ...

Air China sees 14pc rise in 2014 net profit HONG KONG: Air China, the country's flag carrier, said Thursday that the global economic recovery and falling oil prices helped lift its net profit by 14 percent last year.Net profit in 2014 came in 3.78 billion yuan ($608.67 million), up from 3.32 billion yuan the previous year, the airline said in a statement filed late Thursday to the Hong Kong Stock Exchange.It credited falling oil prices, recovery in the global economy, and strengthened cost management, ...

EasyJet to change cockpit policy after French Alps crash LONDON: British airline easyJet said Thursday it would enforce a new policy for two crew members to be in the cockpit at all times from Friday, after a German airliner crash in the French Alps that killed 150 people."EasyJet can confirm that, with effect from tomorrow... it will change its procedure," the airline said in a statement, after investigators said they believed the co-pilot of the Germanwings flight deliberately crashed the plane.Similar decisions have been ...

South Korea seeks to join China-led development bank SEOUL: South Korea announced Thursday it would seek membership of the Chinese-backed Asian Infrastructure Investment Bank (AIIB), despite US opposition to the new multinational lender which Washington sees as a threat to the World Bank.Joining the AIIB as a founder member would strengthen South Korea's influence in the international banking sector and help domestic firms participate in large-scale regional infrastructure projects, a finance ministry statement said.The question of joining the bank had posed something of ...

Prices dip before seven-year note auction NEW YORK: US Treasuries prices fell on Thursday before the government is due to sell $29 billion in new seven-year notes on Thursday, the final auction of this week's $90 billion in new fixed-rate, short- and intermediate-dated supply.Weak demand for the Treasury's $35 billion sale of five-year notes on Wednesday sent yields higher, with bidding the weakest since 2009 as investors stepped away. US dollar weakening against the euro added to bond weakness.Seven-year notes are ...

Bank of Canada says January rate cut bought it time LONDON: The Bank of Canada's January interest rate cut has bought it time to examine the effects of cheap oil on the economy, Governor Stephen Poloz said on Thursday in remarks that underscored the possibility the bank will keep rates steady next month.Poloz repeated the bank's view that the negative effects of lower oil prices in Canada, a major oil producer, are beginning to appear and the positive effects will take longer to emerge."So we ...


 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln