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Turkish central bank to hold 4bn lira one week repo auction ISTANBUL: Turkey's central bank on Thursday opened a one-week repo auction with a volume of 4 billion lira ($2.01 billion), bank data showed.The repo will mature on Oct. 10. Copyright Reuters, 2013 ...

President Xi proposes setting up Asian infrastructure investment bank BEIJIING: Chinese President Xi Jinping has proposed to establish an Asian infrastructure investment bank to promote interconnectivity and economic integration in the region.Xi put forward the proposal Wednesday during a meeting in Jakarta with his Indonesian counterpart, Susilo Bambang Yudhoyono, reports Xinhua news agency.Beijing stands ready to offer financial support for infrastructure construction in developing countries in the region, including members of the Association of Southeast Asian Nations, Xi said.The new bank, he added, will ...
UniCredit eyes Poland's BGZ, might leave Ukraine MILAN: UniCredit, Italy's largest bank by assets, has submitted a preliminary offer to buy Poland's Bank BGZ and is sounding investors out on the possibility of selling its Ukrainian unit, Chief Executive Federico Ghizzoni said.Ghizzoni, who earlier this year sold Unicredit's Kazakh operation, said this was part of the bank's strategy to strengthen its presence in countries it considers "core" and leave those markets where it sees little opportunity for growth."We made an offer on ...
ECB holds key rate steady at record low of 0.50pc PARIS: The European Central Bank on Wednesday held its key rates unchanged, as widely expected, at its regular monthly policy meeting.The ECB's governing council voted to keep the bank's key "refi" refinancing rate steady at an all-time low of 0.50 percent, it said in a statement. The central bank also left its other two rates -- the deposit rate and the marginal lending rate -- at zero percent and 1.0 percent respectively.No analysts or ECB ...
World Bank pledges more funds for poor in troubled states WASHINGTON: World Bank President Jim Yong Kim laid out a new strategy for the global development lender on Tuesday that includes a sharp increase in funds to help poor people in nations scarred by conflict and a pledge to partner with the private sector.He also warned that a partial government shutdown in a politically divided Washington could have far-reaching consequences for the poor given the troubling signal it sends about the world's largest economy.US fiscal ...
Taiwan central bank includes yuan in FX reserves, says governor TAIPEI: Taiwan's central bank is holding Chinese yuan in its foreign exchange reserves portfolio, Governor Perng Fai-nan said on Wednesday, in recognition of the growing globalization of the yuan and importance of trade across the Taiwan Straits.Trade and financial ties on both sides have gathered steam since last year after a yuan clearing settlement deal was signed. Taiwan aims to become an offshore yuan trading hub, like Hong Kong and Singapore."There is a realistic need ...
Indonesia central bank sees month-on-month inflation returning in October JAKARTA: Indonesia's central bank chief said the consumer price index, which fell in September from the prior month, will again show monthly rises in October and November."Historically and due to the higher base effect last month, we expect that this month and next month there will not be deflation," Governor Agus Martowardojo told reporters on Tuesday.Earlier on Tuesday, the statistics bureau reported that consumer prices fell 0.35 inflation on a monthly basis in September. The ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln