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China economic worries, Fed caution hits Asia FX SINGAPORE: Most emerging Asian currencies fell on Monday as disappointing China data sparked concerns of a sharp slowdown in the world's second-largest economy when the US Federal Reserve is expected to raise interest rates earlier than forecast.The South Korean won hit a near five-month low, while Indonesia's rupiah fell to its weakest in more than two months. The Philippine peso touched a five-week low.Regional shares lost ground after data showed on Saturday that China's factory output grew at the weakest pace in nearly six years in August, missing market expectations, while growth in other key sectors also cooled.That came as investors wait to see if the Fed will provide any signal on the timing of a rate increase at its two-day policy review starting on Tuesday.As markets prepare for the meeting, giving the dollar a firm bias, one-month implied volatility in most emerging Asian currencies rose from historic lows."Weak Chinese ...


Mongolia says resolves Rio Tinto copper mine tax dispute ULAN BATOR: A tax dispute that threatened to delay the giant Oyu Tolgoi copper mine being developed in Mongolia by Rio Tinto has been resolved, a government official said on Monday.The $6.5 billion Oyu Tolgoi project will produce more than 300,000 tonnes of copper concentrate a year once construction is fully completed.It is expected to boost Mongolia's economy by a third by 2020. But the development has been embroiled in a series of disputes between ...

Baghdad blast turns wedding joy into funeral grief BAGHDAD: Raghda Yaqub was just days away from marriage, but a bombing in east Baghdad meant the 24-year-old Iraqi was buried wearing her wedding dress instead."Last Thursday was her engagement, and this Thursday we buried her," the young woman's weeping mother Sana says at her home, where she and other family members are receiving condolences."Which religion accepts these crimes?"Raghda went with her fiance Alaa, his mother and five-year-old nephew on September 10 to buy sweets, ...

Odile makes landfall near Mexico resort LOS CABOS: A powerful Hurricane Odile made landfall near the Mexican resort city of Cabo San Lucas late Sunday, as authorities evacuated high-risk areas and thousands of tourists hunkered down in luxury hotels converted into shelters.Around 9:45 pm (0445 GMT), Odile had winds swirling at 205 kilometers (125 miles) per hour, making it a category three storm on the five-point Saffir-Simpson scale, the US National Hurricane Center said.Copyright AFP (Agence France-Presse), 2014

Militants kill three in attacks targeting police ISLAMABAD: Militants Monday killed three people in attacks targeting police in Pakistan's restive northwest, officials said. A suicide bomber killed one policeman in Tahl, about 100 kilometres (60 miles) southwest of Peshawar, while two brothers of a police station chief died in a separate attack on his home in Dera Ismail Khan. "A group of up to six militants attacked Tahl police station and one of the attackers blew himself when police intercepted them and ...

Singapore air pollution soars due to Indonesian forest fires SINGAPORE: Air pollution in Singapore rose to unhealthy levels Monday, blanketing the city-state's skyline with clouds of smog from fires raging across giant rainforests in the neighbouring Indonesian island of Sumatra, officials said.Singapore's National Environment Agency said the pollutant standards index (PSI) reached a high of 111 at 7:00 am (2300 GMT) before easing to 80 a few hours later.A reading between 101-200 is considered "unhealthy", with people with existing heart or respiratory ailments advised ...


 



 
Index Closing Chg%
Arrow DJIA 17,031.14 0.26
Arrow Nasdaq 4,518.90 1.07
Arrow S&P 1,984.13 0.07
Arrow FTSE 6,804.21 0.04
Arrow DAX 9,659.63 0.09
Arrow CAC-40 4,428.63 0.29
Arrow Nikkei 15,948.29 0.25
Arrow H.Seng 24,356.99 0.97
Arrow Sensex 26,816.56 0.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln