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China housing projects seek over 100bn yuan in loans HONG KONG: Chinese major provinces are seeking more than Rmb100bn (US$15.7bn) in loans to back a series of government-backed housing projects, sources said. The Shanghai government is raising up to Rmb40bn in loans, while Hunan is seeking up to Rmb30bn. According to banking sources, Chongqing, Gansu, Guangzhou, Henan, Jiangxi and Shanxi are also seeking loans for their subsidised housing projects. Copyright Reuters, 2012 ...

Qatar to build Harrods hotels in Malaysia, Paris, London KUALA LUMPUR: Gas-rich Qatar's sovereign wealth fund plans to build luxury hotels in Malaysia, Paris, London and China named after Harrods, the world's famous department store, a report said Wednesday. Under a $636 million plan Qatar Holding will partner a local Malaysian firm Jerantas to construct a hotel in Kuala Lumpur's golden triangle's shopping district of Bukit Bintang. Construction work is expected to begin next year on the development, which will comprise up to 300 hotel rooms, ...
British house prices in biggest drop since 2009: survey  LONDON: House prices in recession-affected Britain fell in June on an annual basis by the biggest amount in nearly three years, a survey by major home-loans provider Nationwide showed on Thursday. The average value of a home in Britain stood at £165,738 ($258,838, 206,883 euros) in June -- down 1.5 percent compared with the same month in 2011, the lender said in a statement. They meanwhile dropped by 0.6 percent in June compared with one month earlier, ...
Sunac China to pay $530mn for stakes in Greentown properties HONG KONG: Chinese developer Sunac China Holdings agreed on Friday to pay 3.37 billion yuan ($529.52 million) in cash to buy stakes in property projects owned by debt-laden luxury home builder Greentown China A cash crunch following two years of austerity measures from Beijing to cool home prices is forcing property developers to offload projects to prop up balance sheets. Hangzhou-based Greentown China, which focuses on the upscale homes targeted by Beijing's crackdown on prices, was the ...
China home price declines slow, Beijing to keep curbs BEIJING: China's home prices dipped for the eighth straight month in May but the pace of decline eased, fanning talk that the market may be bottoming out and that recent monetary stimulus could set the stage for a rebound. Home prices in the world's second-largest economy have fallen month-on-month since October, after China tightened policy more than two years ago to take the steam out of sizzling home prices. Still, Beijing reaffirmed hours after the data it ...


Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln