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NZ consumer confidence falls in Q4 WELLINGTON: Consumer confidence in New Zealand fell to its lowest in nearly two years during the fourth quarter, a survey showed on Monday, reflecting a fall in global dairy prices while the economy shows signs of slowing in the face of higher interest rates. The Westpac-McDermott Miller consumer confidence index fell to 114.8 from 116.7 in the previous quarter. A reading above 100 indicates more optimists than pessimists. The survey indicated that fewer consumers expect to be better off in the coming year. Copyright Reuters, 2014


Singapore inflation trend spurs some to predict 2015 monetary easing SINGAPORE: Singapore's headline inflation rate in November may turn negative for the first time in five years due partly to sliding oil prices, and a few economists see scope for the central bank to ease tight monetary policy to support economic growth.Unlike other central banks, the Monetary Authority of Singapore (MAS) uses the exchange rate, not interest rates, as its primary policy tool, which reflects how important trade is for the city-state.The MAS manages monetary ...

Obama to name Sally Yates as pick for deputy attorney general HONOLULU: US President Barack Obama is expected to announce on Monday that US Attorney Sally Yates will be his nominee for deputy attorney general, the No. 2 position at the Justice Department, a US official said. Yates currently serves as US Attorney for the Northern District of Georgia where she has made a name for herself by prosecuting several high-profile cases. She is known as a close ally of outgoing US Attorney Eric Holder's Justice ...

China foreign minister says willing to help Russia BEIJING: China is willing to help Russia if needed but believes that the country has the ability to overcome its current economic problems, Chinese Foreign Minister Wang Yi was quoted as saying in a state newspaper on Monday. The rouble has dropped about 45 percent against the dollar this year, suffering particularly steep falls early last week.President Vladimir Putin has declined to call it a crisis and said the currency would eventually rise again. Wang, ...

Senior Chinese leader to visit Vietnam amid sea tension BEIJING: A senior Chinese leader will visit Vietnam this month, China's state media said on Monday, amid tension between the neighbours over competing claims in the South China Sea. Yu Zhengsheng, who heads a largely ceremonial advisory body to China's parliament but is ranked fourth in the Communist Party leadership, will be going at the invitation of Vietnam's Communist Party, the official Xinhua news agency said. It provided no other details. Anti-Chinese violence flared in ...

Manila's $56mn transport terminal project attracts two bidders MANILA: Just two of 12 prospective applicants have bid to build and operate a 2.5 billion pesos ($56 million) transport terminal in Manila, one of the Philippine government's private-public partnership (PPP) projects aimed at speeding economic growth.Filinvest Land Inc and Megawide Construction Corp subsidiary MWN Terminals filed necessary documents for the Integrated Transport System Southwest Terminal Project ahead of the Monday deadline, Department of Transportation and Communications (DOTC) spokesman Miguel Sagcal told reporters. But 10 ...

Alleged Australia child killer 'coping as best she can' SYDNEY: An Australian mother charged with killing eight children will have her case heard in January, a court said Monday, as she struggles to come to terms with what happened.Raina Mersane Ina Thaiday, 37, also known as Mersane Warria, is accused of eight counts of murder after the bodies of the children were found in a house in the northern city of Cairns on Friday morning.Seven of them were hers and she was an aunt ...


 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln