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Turkish central bank keeps rates unchanged on inflation outlook ISTANBUL: Turkey's central bank left its key interest rates unchanged on Thursday, saying monetary policy would remain tight until there is a significant improvement in the inflation outlook. The bank left its one-week repo rate at 8.25 percent, its overnight lending rate unchanged at 11.25 percent, its primary dealers' overnight borrowing rate at 10.75 percent and its overnight borrowing rate at 7.50 percent. All 15 economists polled by Reuters forecast the central bank would leave its main one-week repo rate at 8.25 percent. One predicted a 25-basis-point cut in the overnight lending rate. Turkey is struggling to control inflation even as its economy slows and conflict intensifies in neighbouring countries.Copyright Reuters, 2014 ...

China Construction Bank's Q3 net profit up 5pc SHANGHAI/HONG KONG: China Construction Bank Corp (CCB) , the country's second biggest lender, posted a 5 percent rise in third-quarter net profit on Thursday, in line with expectations. Net profit rose to 59.64 billion yuan ($9.75 billion) in the quarter, according to the bank's unaudited financial statement filed on Thursday. Analysts in a Reuters poll had on average predicted a result of 60.2 billion yuan. Its non-performing loan ratio increased to 1.13 percent by the ...
Credit Suisse third-quarter profit beats forecast, outlook cautious ZURICH: Swiss bank Credit Suisse said on Thursday it is cautiously optimistic on prospects for business through to the year-end after reporting third-quarter profit that beat expectations.The Zurich-based bank is in the middle of efforts to balance profits and risk-taking better between its investment bank and wealth management arm, which caters to the financial needs of wealthy people."We have seen a mixed start to October, with recent market volatility benefiting certain businesses across both divisions, ...
Canada central bank keeps 1pc interest rate OTTAWA: The Bank of Canada announced Wednesday it was keeping its key lending rate at one percent, the same low rate it has maintained for the past four years.In a statement, the central bank cited the nation's low inflation rate, currently around two percent, as a major reason for maintaining its current key lending rate, also citing global economic headwinds."Underlying inflationary pressures are muted, given the persistent slack in the economy and the continued effects ...
Bank of England split on need to raise rates: minutes LONDON: Bank of England policymakers were split for a third month in a row over the need to lift its record-low interest rate, minutes of their last meeting showed on Wednesday.The bank's nine-member monetary policy committee (MPC) voted 7-2 in favour of keeping its key lending rate at 0.50 percent at its October meeting, repeating the voting pattern over the previous two months.As in August and September, policymakers Ian McCafferty and Martin Weale voted for ...
Austrian central bank sees weak GDP growth for rest of 2014 VIENNA: Austria's economy will likely have grown just 0.1 percent in the third quarter and grow 0.2 percent in the fourth as exports slacken and political tensions cap business and consumer sentiment, a leading indicator suggested on Tuesday.The latest readings from the central bank's quarterly business cycle indicator added to evidence that the euro zone is stuck in a quagmire of weak growth and inflation, with even Germany, its biggest member, close to a recession.The ...
Romania central bank expects no surprises from ECB stress tests BUCHAREST: European Central Bank financial stress tests should not reveal any surprises for the Romanian banking system, the Bucharest central bank's governor Mugur Isarescu said on Tuesday, despite funding from the West having fallen.Isarescu told reporters funding from foreign banks for their Romanian affiliates had fallen by 9 billion euros over the past five years.The ECB publishes the results of its comprehensive review of the health of Europe's 130 biggest banks on Sunday, Oct. 26.Copyright ...

 



 
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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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 23, 2014
Reserves $13.465 bln