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China's FDI slows again in October, services sector in favour BEIJING: China's foreign direct investment fell for the fourth straight period on a cumulative basis in October, underscoring investor caution as the world's second-largest economy cools.China drew $95.9 billion in foreign direct investment (FDI) in the first 10 months of 2014, the Ministry of Commerce said on Tuesday, down 1.2 percent from a year earlier.In October alone, the country attracted $8.5 billion in FDI, up 1.3 percent from a year earlier, the ministry said.Investment flows into China are an important gauge of the health of the world economy and is also a good indicator of where capital is flowing within the country.In line with China's manufacturing slowdown, the data showed investors were flocking to the services industry.The Chinese services sector attracted $53.1 billion worth of FDI in the first 10 months of the year, up 6.6 percent from the same period a year ago, and much higher than the $32.5 ...

China central bank approves offshore yuan investment programme SHANGHAI: China's central bank has approved a pilot programme allowing some domestic institutional investors to buy offshore yuan products, the official Shanghai Securities News said, as Beijing pushes ahead in internationalizing its currency.The People's Bank of China (PBOC) has recently approved the so-called Renminbi Qualified Domestic Institutional Investor (RQDII) programme, the newspaper reported on Tuesday, without saying which institutions would be qualified to participate. To elevate the yuan's status as a global currency, Beijing has ...
Indonesia central bank to hold unscheduled meeting after fuel price rise JAKARTA: Indonesia's central bank will hold an extraordinary meeting on Tuesday, fuelling speculation for a rise in interest rates, a day after the president hiked fuel prices to tackle the country's twin budget and current account deficits. In his first major economic policy decision as president, Joko Widodo on Monday raised subsidised fuel prices by more than 30 percent to help provide the necessary fiscal space to fund his reform agenda."There will be information on ...
India's central bank talking to govt about more gold import curbs NEW DELHI/MUMBAI: India's central bank is in talks with the government to increase curbs on gold imports, Deputy Governor S.S. Mundra said on Monday, reflecting policymakers concerns that a jump in inbound shipments will worsen the country's trade deficit.Mundra's comments come on the same day that trade data showed India's gold imports in October surged nearly four-fold to $4.18 billion from a year ago. India is the world's No. 2 gold consumer behind China.Officials from ...
Australia central bank can buy up to $1.6bn of Chinese bonds BEIJING: Australia's central bank can invest up to 10 billion yuan ($1.6 billion) in China's interbank bond market, Chinese state news agency Xinhua said on Monday, as the two nations signed a flurry of deals, including a landmark free trade pact.Xinhua said the investment quota granted to the Reserve Bank of Australia would be increased to 10 billion yuan, but did not say what the previous quota was. ($1=6.1242 Chinese yuan)Copyright Reuters, 2014 ...
India central bank deputy says talking to govt on increasing gold import curbs NEW DELHI: The Reserve Bank of India is in talks with the government for a decision on increasing curbs on gold imports, RBI Deputy Governor S.S. Mundra said on Monday.The RBI deputy also said attention needed to be paid to the surge in gold imports at a briefing with reporters in the capital.October shipments to India, the world's No.2 gold consumer behind China, jumped to about 150 tonnes from less than 25 tonnes a year ...
Turkish central bank sells 5bn lira in repo, bids 9.8bn ISTANBUL: The Turkish central bank on Monday injected 5 billion lira ($2.24 billion) into the market in a one-week repo auction at a fixed simple rate of 8.25 percent, central bank data showed.Total bids for the repo, which matures on Nov. 24, were 9.8 billion lira, it said.Copyright Reuters, 2014 ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln