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US weekly jobless claims surge WASHINGTON: Initial claims for US unemployment insurance benefits jumped last week after trending low for several weeks, but remained within trend and continued to suggest a tightening labor market.The number of jobless claims, a sign of the pace of layoffs, was still at a low 302,000 for the week to July 26, up 23,000 from the previous period.The four-week moving average showed how the jobs market has improved: it was at 297,250, the lowest level since April 2006, before the US economic crisis.Analysts said the new claims data did not change their view that Friday's official jobs market and unemployment report for July would show a gain of more than 200,000 net new jobs, with the jobless rate holding at 6.1 percent.Copyright AFP (Agence France-Presse), 2014


US private sector adds 218,000 jobs in July NEW YORK: US companies hired 218,000 workers in July, below what analysts projected and the level set the previous month, a report by a payrolls processor released on Wednesday showed.Private job gains in June were 281,000, which was the strongest reading since November 2012.Economists surveyed by Reuters had forecast that the ADP National Employment Report would show a gain of 230,000 jobs.The report is jointly developed with Moody's Analytics.Copyright Reuters, 2014

China home prices seen slowing sharply in 2014, flat in 2015 BEIJING: Chinese home prices are likely to rise only by a sliver of 0.5 percent in 2014 as a housing downturn deepens, a Reuters poll showed, though a market collapse is seen to be highly unlikely.The median forecast of 15 analysts showed that market watchers have cut their bets for the once piping-hot sector as sales and prices turned south: Just three months ago, analysts polled had thought home prices will rise 4.3 percent this ...

Sri Lanka July inflation picks up from 28-month low COLOMBO: Sri Lanka's annual inflation rose to 3.6 percent in July, compared with a 28-month low of 2.8 percent in the previous month, the state-run Department of Census and Statistics said on Thursday.Annual average inflation, measured on a 12-month moving basis, fell to a 48-month low of 4.7 percent in July from 4.9 percent a month earlier. It hit a record high of 8.8 percent in May, 2013.Copyright Reuters, 2014

Kenya inflation rises to 7.67pc in year to July NAIROBI: Kenya's inflation crept up to 7.67 percent in the year to July from 7.39 percent in the previous month, the statistics office said on Thursday.The rate was slightly above the central bank's preferred range of 2.5-7.5 percent and also just a touch higher than the consensus forecast of 7.63 percent.Analysts said the rate was likely to come down to about 6.6 percent next month on the back of base effects because there had been ...

India's April-June fiscal deficit at $49.2bn: govt NEW DELHI: India's fiscal deficit in the first quarter of the 2014/15 financial year touched 2,978.59 billion rupees ($49.2 billion), or 56.1 percent of the full-year target, government data showed on Thursday.The deficit was 48.4 percent during the comparable period in the previous fiscal year.Net tax receipts were at 990.87 billion rupees in the first three months of the current fiscal year to March 2014, while total expenditure was about 4.14 trillion rupees.Copyright Reuters, 2014 ...

India's infrastructure output growth hits 9-month high in June NEW DELHI: India's annual infrastructure sector growth hit a nine-month high of 7.3 percent in June, government data showed on Thursday, led by a surge in cement and electricity output.The output recorded an annual 2.3 percent expansion in May.The sector, which comprises coal, crude oil, oil refining, natural gas, steel, cement, electricity and fertilisers, accounts for 37.9 percent of India's industrial output.Copyright Reuters, 2014


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln