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PARIS: The rate on benchmark German 10-year bonds fell on Monday to a new all-time low of 1.475 percent as investors unsettled by the Greek debt crisis fled to the eurozone's safe haven. The rate, or yield, on Bunds stood at 1.515 percent when trading on European public debt markets closed on Friday. Meanwhile, German inflation dipped to 2.1 percent in April, nearing the European Central Bank's medium-term target of below but close to 2.0 percent. For the entire 17-nation eurozone, inflation eased just slightly however to 2.6 percent in April, the 17th month running during which inflation has exceeded the ECB target. Germany, the biggest economy in Europe, expects business activity to expand by 0.7 percent in 2012 and by 1.6 percent next year. A spring forecast by the European Commission said it expects the aggregate eurozone economy to contract by 0.3 percent this year before growing by 1.0 percent in 2013. Copyright AFP (Agence ...

CARACAS: Venezuela's state oil company PDVSA confirmed on Friday it was issuing up to $3 billion of bonds with a 9.75 percent coupon in a private offer for the Central Bank and other state banks. The widely-anticipated issue is mainly intended to supply the Central Bank's Sitme foreign exchange system, which sells dollars to Venezuelans, sources close to the operation said. The bonds will mature in 2033, 2034 and 2035, PDVSA said in a statement, adding that ...
WARSAW: Poland priced its 25 billion yen ($312.70 million) retail Samurai bond issue at a coupon of 1.49 percent, or 100 basis points over yen swaps, the Finance Ministry said. The transaction on the 5-year papers will settle on May 30. "Following prefinancing of part of our this year's foreign exchange needs last year, and issues on the euro, dollar, Swiss frank and yen markets, we will now be more restrained in our activity on the foreign ...
NEW YORK: US Treasuries prices fell on Thursday, pulling benchmark yields up from three-month lows, as the flow of bad news from Europe eased and a lower-than-expected number of claims for US jobless benefits dimmed the allure of low-risk government bonds. The lack of safe-haven buying weighed on long-bond prices before the Treasury's offering of 30-year debt at 1 p.m. It kept 10-year yields above three-month lows near 1.80 percent after the market failed to push ...
TOKYO: Treasury prices were steady in Asia on Thursday, taking a breather after benchmark yields briefly broke below key resistance at 1.8 percent overnight as investors awaited the latest developments in Europe as well as a 30-year bond offering. The Treasury will auction $16 billion of 30-year bonds later on Thursday to complete its $72 billion of debt sales this week under its quarterly refunding. "Supply this week is getting absorbed without much change in yields either ...
MILAN: Italian phone company Telecom Italia will invest 9 billion euros over the next three years to develop its business in Italy, Chief Executive Franco Bernabe' said in an interview on Thursday with La Stampa newspaper. Debt reduction remains the company's top priority, Bernabe' said. On Wednesday, the company confirmed its target of reducing its debt to 27.5 billion euros in 2012. Telecom Italia said on Wednesday it plans to sell its La7 television station. Asked when ...
JAKARTA: Indonesia's finance ministry aims to raise 6 trillion rupiah ($650.05 million) in a debt auction on May 14, the debt office said in a statement on Thursday. The ministry plans to sell three-month and one-year T-bills, as well as bonds with 10-year, 15-year and 20-year tenors. Indonesia has sold 146.32 trillion rupiah in bonds as of May 2 this year, 53.8 percent of its total target for 2012 of 272 trillion rupiah, according to the debt ...

 



 
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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%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln