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British retail sales rise 0.1pc in July: official data LONDON: British retail sales grew by a weaker-than-expected 0.1 percent in July from the level in June, official data showed on Thursday.Retail sales, a key indicator of household spending confidence, also rose 2.6 percent compared with July 2013, the Office for National Statistics said in a statement.The data missed market expectations for a monthly gain of 0.5 percent and an annual jump of 3.1 percent, according to analysts polled by Dow Jones Newswires.Copyright AFP (Agence France-Presse), 2014

India's Jaitley to tighten up banking risk management NEW DELHI: Indian Finance Minister Arun Jaitley said on Thursday that the government was working to tighten up risk management in the banking sector. Jaitley, in a speech, said that some recent incidents in the banking sector had been "disturbing" and expressed the hope that they would not be repeated. He did not name any banks, but his comments followed the opening of an investigation into whether the head of state-controlled Syndicate Bank accepted bribes ...

China sugar imports surge in July as global prices fall BEIJING: China's sugar imports more than tripled in July from the month before to 280,000 tonnes as traders took advantage of lower global prices, but pressure from domestic inventory looks set to keep full year imports below 2013's record levels. Benchmark international sugar prices have dropped about 4 percent so far this year due to a glut in global supply, boosting purchases by the world's second-largest consumer of the sweetener. "Prices in the first half ...

Former Ireland prime minister Reynolds dies aged 81: report DUBLIN: Former Irish Prime Minister Albert Reynolds, a central figure in the Northern Ireland peace process and in brokering the 1994 IRA ceasefire, has died aged 81, Irish broadcaster RTE reported Thursday.Reynolds served as taoiseach twice, once in 1992 and then again in 1993-94, but had recently been suffering from the last stages of Alzheimer's disease, his son Philip revealed earlier this week.Copyright AFP (Agence France-Presse), 2014

Vietnam releases two Nigerians isolated for Ebola tests HANOI: Vietnam has released two Nigerians isolated after arriving from west Africa with fevers, saying they show no symptoms of the deadly Ebola virus.Ebola test results for the pair are not yet known but the health ministry said their condition had improved. "After 24 hours of monitoring, the two patients were without fever, showing no abnormal signs or symptoms related to Ebola," it said in a statement released late Wednesday.The two men will be put ...

Rescuers comb through devastation of Japan landslide TOKYO: Thousands of rescuers combed through the wreckage of homes engulfed by landslides in western Japan on Thursday in the slim hope of finding survivors, a day after a wall of mud claimed at least 39 lives.Police officers, firefighters and soldiers worked through the night in a desperate bid to find seven people still unaccounted for among the sludge and rubble.Dozens of houses were buried when hillsides collapsed after torrential downpours in Hiroshima that saw ...

Japan mulls building its own fighter jets: report TOKYO: Japan is considering building its own fighter jets after years of playing second fiddle in a US construction partnership, a report said Thursday, in a move likely to stoke fears of its military resurgence among Asian neighbours.Japan's attempt in the 1980s to build its first purely domestic fighters since World War II faced US resistance and resulted in joint US-Japan development and production of the F-2, the Nikkei newspaper said.But joint F-2 production ended ...


Index Closing Chg%
Arrow DJIA 16,979.13 0.35
Arrow Nasdaq 4,526.48 0.02
Arrow S&P 1,986.51 0.25
Arrow FTSE 6,755.48 0.35
Arrow DAX 9,314.57 0.21
Arrow CAC-40 4,240.79 0.32
Arrow Nikkei 15,454.45 0.03
Arrow H.Seng 25,159.76 0.15
Arrow Sensex 26,314.29 0.40

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln