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China new house price declines slow in October: survey BEIJING: Declines in China's new home prices slowed in October, a survey showed Friday, though figures still fell for a sixth straight month as property woes weigh on growth in the world's second-largest economy.The average price of a new home in 100 major cities was 10,629 yuan ($1,738) per square metre in October, down 0.4 percent from September, the China Index Academy (CIA) said in a statement.The decline was smaller than the 0.92 percent fall recorded in September. Still, prices have remained negative since May, as analysts say China's flagging property sector is contributing to growth slowdown in the broader economy.China's economy expanded 7.3 percent in the third quarter, lower than the 7.5 percent expansion in the previous three months and the slowest since the depths of the 2008-2009 global financial crisis, the government announced earlier in October.Among the country's 10 biggest cities, six experienced declines in October from the ...


At least 17 killed in Turkey bus crash ISTANBUL: At least 17 people were killed and 29 injured Friday when an overloaded bus carrying agricultural workers crashed in the Isparta region of southern Turkey, the Dogan news agency reported.The workers, mostly women, were on their way to pick apples at an orchard in the region when the bus turned over onto its side due to brake failure, it said.The severity of the accident was compounded when the bus carried on moving some 100 ...

A term too far for plotter Compaore OUAGADOUGOU: Blaise Compaore, the long-serving president of Burkina Faso, took power in a coup in 1987 but quickly swapped the "democratic revolution's" Marxist ideals for authoritarian rule.The 63-year-old may have been re-elected four times since 1991, but it was often with dubious percentages of the vote.And it was his bid to extend his rule beyond three decades that led to his political downfall, as hundreds of thousands descended on the streets this week to demand ...

South Africa's trade deficit narrows to 2.91bn in September JOHANNESBURG: The shortfall on South Africa's trade account narrowed sharply to 2.91 billion rand in September from a revised 16.75 billion rand in August, as the import bill nearly matched that of exports, data from the revenue service showed on Friday. Exports in September rose by 18.2 percent to 90.79 billion rand and imports by 0.2 percent to 93.71 billion. The September data brings the cumulative deficit for the year to 73.74 billion rand, compared ...

South Africa's high jobless rate reflects rigid labour market PRETORIA: South Africa's high unemployment rate is reflective of a rigid labour market, the central bank's Lesetja Kganyago said on Friday. "The nature of unemployment in South Africa is emanating from the structural constraints that we are facing and there is pretty little that monetary policy could do to sustainably bring down unemployment," Kganyago, who will take over as central bank governor next week, told a conference in Pretoria. "There are rigidities in our own ...

Eurozone inflation up, unemployment steady BRUSSELS: Eurozone inflation edged up to 0.4 percent from multi-year lows while unemployment was little changed, official data showed Friday, providing only limited reassurance that a modest economic recovery remains on track.Analysts said the figures were far from encouraging, with the European Central Bank likely to come under additional pressure from anxious governments to do more to get the economy moving again.Inflation in the 18-nation eurozone rose to 0.4 percent in October from 0.3 percent ...

Eurozone inflation up, unemployment steady: Eurostat BRUSSELS: Eurozone inflation has come off multi-year lows while the jobless figures are little changed, official data showed on Friday, providing only limited reassurance that a modest economic recovery remains on track.Inflation in the 18-nation eurozone rose to 0.4 percent in October from 0.3 percent in September, which was the lowest in five years, the Eurostat statistics agency said. The unemployment rate in September was 11.5 percent, unchanged compared with August.Copyright AFP (Agence France-Presse), 2014 ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln