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Japan business confidence up in second quarter TOKYO: Japanese business confidence improved in the three months to September after it sagged following a sales tax hike in April, a quarterly study from the Bank of Japan showed Wednesday.The Tankan survey showed confidence among large manufacturers stood at plus 13, up by one point from the previous quarter, against the market forecast of plus 10.The business sentiment index marks the difference between the percentage of firms that are upbeat and those that see conditions as unfavourable.The Tankan reading for large companies in the non-manufacturing sector, however, tumbled to plus 13 from plus 19 in the June quarter.Business sentiment turned upbeat after Prime Minister Shinzo Abe took office in late 2012 on a pledge to kick-start the world's number-three economy, hitting a more than six-year high plus 17 in the March quarter.But the reading slumped in the three months to June, after Abe moved ahead with a consumption tax ...


South Korea inflation slows to 1.1pc in September SEOUL: South Korean inflation grew at its slowest rate for seven months in September, helped by stable prices of food and healthcare services, state data showed Wednesday. The consumer price index rose 1.1 percent from a year ago, following a 1.4-percent increase in August, the state-run Statistics Korea said. It was the slowest pace since February when it rose 1.0 percent. The core consumer index, which excludes volatile energy and food prices, rose 1.9 percent ...

Top skiers Auclair, Fransson killed in Chile SANTIAGO: The bodies of two of the world's top skiers, Andreas Fransson of Sweden and Canada's JP Auclair, were found Tuesday after they were reported missing in an avalanche in the Andes, authorities said.Extreme skiers Fransson, 31, and Auclair, 37, were swept away by the avalanche Monday while climbing Monte San Lorenzo, a peak on the border of Chile and Argentina, local Chilean Emergency Office (ONEMI) officials said.The skiers were working on a documentary in ...

Hong Kong protesters gear up for biggest protest yet HONG KONG: Hong Kong pro-democracy protesters chanted and booed outside a ceremony to mark the 65th anniversary of Communist China Wednesday, with crowds expected to reach their biggest yet as the city starts a two-day public holiday.Politicians from Hong Kong and the mainland clinked champagne glasses to mark China's National Day while protesters campaigning for free elections gathered in the surrounding streets, after a third night of demonstrations.Hong Kong leader Leung Chun-ying has faced mounting ...

China manufacturing growth stalls in September: govt BEIJING: Chinese manufacturing growth stalled in September, data showed Wednesday, as a sluggish property market complicates leaders' attempts to address a slowdown in the world's second-largest economy.The official purchasing managers index (PMI) came in at 51.1 in September, unchanged from the previous month, the National Bureau of Statistics said in a statement.While it was above the 50-point mark that separates growth and contraction, it comes a day after HSBC's own PMI missed forecasts, and analysts ...

Spain says public debt to top 100 percent of GDP in 2015 MADRID: Spain's public debt ratio will top the symbolic level of 100 percent of national output next year before it starts dropping in 2017, the government's 2015 budget proposal showed Tuesday.The eurozone's fourth-biggest economy is set to end the year with a debt ratio equal to 97.6 percent of the country's gross domestic product (GDP), the proposal handed to parliament predicted.The debt ratio will climb to 100.3 percent of GDP in 2015 and 101.5 percent ...

US consumer confidence, home prices show weakness NEW YORK: US consumer confidence fell in September for the first time in five months and home prices in July rose less than expected from a year earlier, underscoring the unsteady nature of U.S. growth.Another report on Tuesday showed business activity growth in the U.S. Midwest decelerated slightly in September."We're continuing to effectively struggle," said Mike Englund, chief economist at Action Economics in Boulder, Colorado. "Some of the optimism that we got in the updraft ...


 



 
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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln