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SHANGHAI: Prices for new homes in China fell in more than 60 percent of major cities in April from March, the government said Friday, as moves to curb the property market took effect. Out of 70 major cities tracked by the government, 43 registered month-on-month falls in house prices last month, although that number was less than the 46 cities recorded in March. Prices were unchanged in 24 cities in April while only three cities saw price rises, the National Bureau of Statistics said in a statement. China has implemented several measures aimed at limiting runaway property prices for more than a year, including bans on buying second homes, hiking minimum down-payments and introducing property taxes in certain cities. Despite worries about the impact on the economy, authorities have shown little sign of easing their tight policies. "We must firmly strengthen control of the property market... not allowing the adjustment and control (policy) to be ...

MADRID: Spanish builder FCC registered a 59 percent fall in net profit in the first quarter of the year, hit hard by falling revenues at home where the economy slumped into a recession. Net profit in the first three months of the year was 16.6 million euros ($21.5 million) below analysts' expectations for 19 million euros in a Reuters poll. The company saw its first-quarter earnings before interest, tax depreciation and amortisations (EBITDA), fall by 13.8 percent ...
BEIJING: China's urban fixed asset investments rose 20.2 percent in the first four months of 2012 compared with a year earlier, the government said on Friday. Fixed asset investments in the cities are a key gauge of the Chinese government's infrastructure spending, which has increased rapidly in recent years as Beijing has sought to cushion the impact of the global downturn. Copyright AFP (Agence France-Presse), 2012 ...
HONG KONG: A corruption probe into the activities of one of Asia's richest families widened on Friday after Hong Kong authorities arrested the eldest sibling of the Kwok brothers at the centre of the scandal. The Kwok family's company, Sun Hung Kai Properties, was briefly suspended from trade on the Hong Kong stock exchange ahead of its announcement that anti-graft agents had arrested Walter Kwok over bribery allegations. Kwok informed the board late Thursday that he had ...
LONDON: Approvals for home loans in Britain rose unexpectedly in March, suggesting the housing market may be continuing to recover despite the end of a tax exemption for first-time buyers, Bank of England data showed on Wednesday. A separate release showed that the Markit-CIPS Construction Purchasing Managers' Index (PMI) eased to 55.8 from the previous month's 21-month high of 56.7, still well above the 50 level which separates growth from contraction and beating forecasts for a ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln