Just in:  

You are here: Home»Business


Eurozone deficits improve, debt mounts: Eurostat BRUSSELS: Eurozone public finances improved in 2013 as the economy finally turned the corner on a record recession but total debt levels remained dangerously high, official data showed on Wednesday.The average eurozone government deficit -- the shortfall between revenue and spending -- came in at 3.0 percent last year, in line with the EU ceiling and down from 3.7 percent in 2012, the Eurostat statistics agency said.Total accumulated debt, however, increased to 92.6 percent of gross domestic product, up from 90.7 percent and compared with the European Union 60-percent limit.Copyright AFP (Agence France-Presse), 2014

French fiscal watchdog deems govt growth forecasts ‘optimistic’ PARIS: France's independent fiscal watchdog said on Wednesday the government's growth forecasts for 2016 and 2017 were "optimistic", while the 1.7 percent target for 2015 was attainable but dependent on favorable circumstances. The High Council for Public Finances, weighing in on the government's three-year budget plan ahead of its submission to the European Commission later, said the government's forecast for 1.0 percent growth in 2014 was "realistic." The government's budget outline, which is partly based ...

Turkey switches on 53 power stations ISLAMABAD: In the first quarter of 2014, 53 new electricity power stations were put on line in Turkey according to officials from the country's energy ministry.The 53 new stations have added 651 megawatts (MW) to Turkey's electricity production capacity, 70 percent of which is being produced by hyrdoelectric power plants and the remainder produced by wind (136 MW), coal (37 MW) and other renewables such as bio-gases, geothermals and waste heat recovery plants (7.5 MW), ...

Australia boosts air power with $11.6bn purchase of 58 F-35s SYDNEY: Prime Minister Tony Abbott announced Wednesday the purchase of 58 more F-35 Joint Strike Fighters costing Aus$12.4 billion ($11.6 billion) in a major defence upgrade to maintain Australia's regional edge.The new aircraft will bring Australia's total JSF force to 72, with the first due to arrive in 2018 and enter service in 2020.The deal with US aerospace giant Lockheed Martin includes an option to buy a further 18 planes and is additional to the ...

AT&T increases forecast for full-year revenue growth NEW YORK: AT&T Inc on Tuesday raised its forecast for full-year revenue growth to reflect its acquisition of LEAP wireless in March and the popularity of a new handset pricing model that charges customers for devices separately from their wireless plans.Like other carriers, AT&T is seeking growth in a nearly saturated environment, making differentiated strategies such as alternate pricing plans more crucial to attract customers. The company raised its forecast for full-year revenue growth to ...

US home re-sales hit 1-1/2 year low WASHINGTON: US home re-sales fell to their lowest level in more than 1-1/2 years in March, but there were signs a recent downward trend that has plagued the housing market may be drawing to an end.The National Association of Realtors said on Tuesday existing home sales slipped 0.2 percent to an annual rate of 4.59 million units.Though that was the lowest level since July 2012, sales were a bit stronger than economists had expected. There ...

Crimea energy firm says better off under Russia PARIS: Crimean oil and gas producer Chornomornaftohaz sees hope for the future from its new Russian owners and the possibility of doing business with Asia, after Kiev had failed to pay it anything for well over a year, a senior executive said.Russia annexed the Crimean peninsula following a referendum last month, and Crimea took ownership of Ukrainian state assets on its territory including the region's Black Sea natural gas fields and energy company Chornomornaftohaz."Crimeans now ...


ArrowDJIA 16,501.65 0.08
ArrowNasdaq 4,126.97 0.83
ArrowS&P 1,875.39 0.22
ArrowFTSE 6,674.74 0.11
ArrowDAX 9,544.19 0.58
ArrowCAC-40 4,451.08 0.74
ArrowNikkei 14,546.27 1.09
ArrowH.Seng 22,509.64 0.97
ArrowSensex 22,876.54 0.52

where to buy

cheap wedding dresses

online -

Buy cheap Nike Mercurials cleats at
cheap wedding dresses on - Best Online Wedding Store

Banking Review 2013

Buy direct from

China free shipping trade platform

Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln