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China 7-year local govt bonds auctioned at 4.12pc SHANGHAI: China's finance ministry auctioned 20.7 billion yuan ($3.37 billion) of seven-year bonds on behalf of twelve local governments at a yield of 4.12 percent, traders said on Wednesday.For a breakdown of which local governments issued which amount of debt, click here:In May, the ministry announced an increase in its annual quota to issue bonds on behalf of local governments to 400 billion yuan for 2014, from 350 billion yuan in 2013.It granted 10 local governments quotas to issue a combined 109.2 billion yuan worth of municipal bonds this year - the first time that the government has allowed local governments to issue the US-style municipal bonds.Copyright Reuters, 2014

National Australia Bank weighing sale of insurance unit SYDNEY/HONG KONG: National Australia Bank, the country's fourth-biggest lender by market value, is weighing the sale of its insurance unit, which has been a drag on its earnings and capital, people familiar with the matter told Reuters. The sources said they estimate the value of the unit at about $800 million. Under new CEO Andrew Thorburn, NAB hopes to speed up the disposal of assets to help it focus on its Australia and New Zealand ...

Fonterra slashes milk payout, full year profits tumble WELLINGTON: New Zealand dairy exporter Fonterra slashed its milk payout forecast to a six-year low on Wednesday as global dairy prices tumble, and said a Russian ban on dairy imports would keep global prices volatile in the coming months. The co-operative cut the price it pays its farmer shareholders for milk to NZ$5.30 ($4.26) per kg of milk solids from a previous forecast of NZ$6.00, as expected by economists.The forecast was the lowest since the ...

Reserve Bank of India seen holding rates until Q2 2015, then ease BANGALORE: The Reserve Bank of India will probably wait until the second quarter of next year to loosen policy as it wants to cool inflation before trying to spur growth, a Reuters poll found ahead of a policy review meeting next week. All but three of 46 economists surveyed over the past week said the bank would leave its key repo rate unchanged at 8.0 percent when it meets on Sept. 30. The survey showed ...

Japan's bullet train hits half century OMIYA: Fifty years ago, the first bullet train pulled out of Tokyo station and hurtled across the countryside, heralding Japan's arrival as a modern economic powerhouse with a transport system soon to become the envy of the world.Less than two decades after a bitter World War II defeat that left much of the country in ruins, Japan was at the cutting edge with its sleek, airplane-shaped "shinkansen" that glided over great distances of newly-laid track."With ...

Netflix refuses to give subscriber data to Canada regulator OTTAWA: Online video streaming service Netflix has refused to turn over subscriber data to the Canada's broadcast regulator, a spokesman for the agency told AFP Tuesday.The Canadian Radio-television and Telecommunications Commission had given the US company until Monday evening to disclose information including how many subscribers it has in Canada, its revenues, expenses, and its viewer numbers, said CRTC spokesman Denis Carmel.The CRTC has been holding a series of hearings on the future of television ...

Banks take less money in ECB's weekly tender after TLTRO launch FRANKFURT: Euro zone banks took less money than expected in the European Central Bank's weekly refinancing operation after showing limited interest in the ECB's first round of new ultra-long loans, or TLTROs, last week.Banks took 90.3 billion euros in the ECB's main refinancing operation on Tuesday compared with 105.7 billion euros that expired. This was the lowest amount allotted since March.A Reuters survey of 21 traders had forecast banks would borrow 100 billion euros in ...


Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
Arrow DAX 9,474.30 0.55
Arrow CAC-40 4,416.24 1.33
Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13

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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
WeeklySeptember 25, 2014
Reserves $13.305 bln