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Turkish central bank says opens 3bn lira repo auction ISTANBUL: Turkey's central bank opened a one-week fixed-rate repo auction with a volume of 3 billion lira ($1.34 billion), bank data showed on Monday. The repo matures on October 27. Copyright Reuters, 2014


Philippines seen holding rates on Thursday and rest of the year MANILA: The Philippine central bank is likely to keep monetary policy unchanged on Thursday after inflation eased last month, a Reuters poll showed.Nine of the 11 respondents in the poll expect the central bank to keep both the overnight borrowing rate at 4.0 percent on Thursday, when it meets to review policy. Eight of the 11 forecast no change that day in the special deposit account rate, now at 2.5 percent. Three project a 25 ...

Electrolux profit soars 42pc after cost-cutting programme STOCKHOLM: Swedish electrical appliance maker Electrolux reported its third-quarter net profit soared 42 percent to 933 million krona (102 million euros, $130 million) thanks to a cost-cutting programme started at the end of last year.Sales over the quarter increased 5.6 percent to 28.8 million krona, slightly better than the 28.4 million krona expected by analysts.Electrolux said in a statement that its European operations were performing better because of the reduced costs and improved management of ...

Germany's Metro reports 4pc fall in sales BERLIN: German retail giant Metro AG on Monday reported a four-percent decline in its yearly sales to 63 billion euros ($80 billion), largely because of a strong euro and divestments.However the group said it would still meet its pre-tax operating profit of 1.75 billion euros for its 2013-2014 financial year, the full details of which would be given on December 16.Metro, whose rivals include Wal-Mart and Carrefour, said in a statement its Metro Cash & ...

Russia central bank shifts rouble's trading band by 5 kopecks MOSCOW: Russia's central bank said on Monday it had shifted the boundaries of its floating rouble corridor by 5 kopecks, following market interventions to curb the pace of the currency's decline. As of Oct. 17, the new corridor extended from 37.30 to 46.30 against a dollar-euro basket, compared to 37.25 to 46.25 previously. Copyright Reuters, 2014

Lufthansa flights hit by strikes Monday and Tuesday BERLIN: Pilots for Lufthansa are to hold a one-day strike Tuesday that will hit long-haul flights operated by the German carrier, Europe's largest, their union said.The stoppage will deepen strike action at Lufthansa, already set to begin on Monday with a previously announced 35-hour strike impacting most of its short- and medium-haul flights.The strike will not affect Lufthansa's international subsidiaries Swiss and Austrian Airlines.The latest action is the ninth to buffet Lufthansa in less than ...

Electrolux Q3 core profit tops forecast STOCKHOLM: Global home appliances maker Electrolux posted a bigger than expected rise in third quarter core earnings on Monday but said the 2014 outlook for European market demand was running at the lower end of its forecast. The Swedish group, vying for market leadership with US Whirlpool and China's Haier, said it still expected the US market to expand 4 percent and the European to rise 1-3 percent, but for the latter market growth was ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln