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US existing-home sales slip in September WASHINGTON: Sales of existing homes in the United States slipped in September after hitting their fastest pace in more than two years in August, an industry group said Friday.   Existing-home sales fell 1.7 percent last month from August to an annual rate of 4.75 million, the National Association of Realtors (NAR) said.   But the September number was still 11.0 percent higher than the sales rate a year earlier, a further sign of recovery under way in the depressed housing market.   Inventory continued to tighten and the national median home price rose for a seventh straight month September's figure of $183,900 was up 11.3 percent from a year earlier.   "Despite occasional month-to-month setbacks, we're experiencing a genuine recovery," said Lawrence Yun, NAR chief economist.   "More people are attempting to buy homes than are able to qualify for mortgages, and recent price increases are not deterring buyer interest. Rather, inventory shortages are limiting sales, notably in parts ...

China says housing market slowed in September  SHANGHAI: Fewer Chinese cities reported rises in home prices in September than the previous month, official data showed Thursday, as the government stood by its stance of controlling property speculation.   Prices in 31 out of 70 cities tracked by the government rose month-on-month, the National Bureau of Statistics said in a statement, down from 36 cities in August.   Prices of new homes dropped on the month in 24 cities and remained unchanged in the remaining 15 cities, ...
Li Ka-shing-backed firm to launch Singapore SINGAPORE: A real estate investment trust backed by Hong Kong tycoon Li Ka-shing announced on Wednesday it hopes to raise around $800 million in a yuan-denominated initial public offering in Singapore.   The offer by Dynasty REIT will be the first yuan-denominated flotation in the affluent city-state and the second outside mainland China.   Dynasty REIT, which is sponsored by real estate fund manager ARA Asset Management Ltd, lodged its prospectus on Wednesday with the Monetary Authority of Singapore ...
China home prices rise for 4th month in September: survey  BEIJING: Average home prices in China's 100 big cities edged up for a fourth straight month in September, a private survey showed, reinforcing signs of a mild recovery as the government seeks to boost growth while avoiding a real estate bubble.   Average home prices rose 0.17 percent to 8,753 yuan ($1,400)per square metre in September, moderating from August's month-on-month increase of 0.24 percent, the China Real Estate Index System (CREIS) said.   A steady rise in home prices ...
UK house prices fall unexpectedly in Sept  LONDON: British house prices fell unexpectedly in September, figures from mortgage lender Halifax showed on Thursday, as the weak economy weighed on demand. British house prices dropped 0.4 percent in September after a bigger than initially estimated 0.5 percent fall in August, leaving prices in the third quarter of 2012 1.2 percent lower than a year earlier. Economists had expected house prices to hold steady in September and to be 0.9 percent lower on the year. "The generally ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln