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Russian interest rates appropriate for now MOSCOW: Russia's central bank considers the current interest rate corridor as acceptable for now but could change rates at its next policy meeting, Central Bank First Deputy Chairman Alexei Ulyukayev said on Wednesday. Russia's central bank left monetary policy unchanged on Tuesday but, in a statement, dropped earlier language that it saw rates as "acceptable for the near future".   Ulyukayev, speaking to journalists on the fringes of an economic conference, said the change meant the central bank could take "any" decision on interest rates at its policy meeting next month.   Copyright Reuters, 2013

Germany FRANKFURT: German retail giant Metro said on Wednesday it was on track to meet its full-year profit targets after sales rose slightly in the fourth quarter.   "Despite tougher market conditions, especially in southern Europe, we succeeded in increasing sales in the fourth quarter," said chief executive Olaf Koch.   "Metro confirms its 2012 forecast for earnings before interest and taxes of around 2 billion euros ($2.6 billion)," he said.   Metro said group sales rose by 0.5 percent to 19.4 ...

Japanese airlines ground all Boeing Dreamliners TOKYO: Japan's two biggest airlines Wednesday grounded all their Dreamliners after an emergency landing by an ANA flight, but carriers insisted that Boeing's troubled next-generation plane was still a safe bet. The 787 Dreamliner has suffered more than a week of bad news that has prompted safety investigations by three national regulators, although Boeing says there is no fundamental problem with the highly fuel-efficient aircraft.   All Nippon Airways -- the world's first carrier to receive the Dreamliner ...

New car registrations hit 17-year low in EU: manufacturers PARIS: New car registrations in the European Union declined by 8.2 percent in 2012, including at twice that average rate in December, to reach their lowest level since 1995, the European Automobile Manufacturers' Association said Wednesday.   "Demand for new cars reached the lowest level recorded since 1995, totaling 12,053,904 units" in 2012, marking a year-on-year contraction of 8.2 percent, the body said in a statement.   The 8.2 percent year-on-year contraction was the worst since the 16.9 percent ...

Alcatel gets network contract worth over $1bn from India MUMBAI: Reliance Communications Ltd , India's No. 3 mobile phone carrier by customers, said on Wednesday it would award a multi-year contract valued at more than $1 billion to Franco-American telecommunications equipment maker Alcatel-Lucent to manage its network.   Alcatel-Lucent currently operates a joint venture with Reliance Communications to manage the Indian carrier's network. Copyright Reuters, 2013

JGBs firm as stocks sag; 5-year sale in focus TOKYO: Japanese government bond prices rose on Wednesday, as sagging stocks and expectations of more Bank of Japan stimulus lifted sentiment and was seen helping demand at a sale of five-year notes.   The Ministry of Finance is offering 2.5 trillion yen of five-year notes, reopening issue number 107 with a coupon of 0.2 percent, matching the coupon of the past eight sales.   "We believe the auction is also likely to go smoothly or even produce strong results. ...

US bonds edge higher, focus on debt ceiling SINGAPORE: US 10-year Treasuries held firm in Asia on Wednesday, after advancing the previous day on traders' increasing concern over the looming fight in Washington to raise the federal debt ceiling.   Ten-year notes rose 3/32 in price to yield roughly 1.826 percent. The 10-year yield was down 1 basis point from late US trade, and was within sight of a two-week low near 1.81 percent set on Tuesday.   The 10-year yield is likely to move in a ...


Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln