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German prelim inflation slows to 1.9pc in Nov BERLIN: German inflation slowed by 0.1 percentage points to 1.9 percent year-on-year in November, according to preliminary data released on Wednesday, in line with expectations.   On a monthly basis, German prices eased 0.1 percent, after holding steady in October. Monthly falls in the cost of petrol, heating oil and package holidays helped contribute to easing inflation, the statistics office said.   Consumer prices harmonised to compare with other European Union countries showed a monthly fall of 0.1 percent and a year-on-year rise of 2.0 percent.   The Statistics Office's preliminary inflation calculations are based on data contributed by six German states.   Final German price data for November are due to be released on December 12, the office said.   Copyright Reuters, 2012

Germany will not back Palestinian UN bid: govt spokesman BERLIN: Germany will not back a Palestinian bid for a diplomatic upgrade at the United Nations, the government spokesman said on Wednesday.   The United Nations is due to hold a vote on Thursday on an upgrade of Palestinian status at the 193-member body to an observer state from an observer entity.   "We are assessing the situation and want as much agreement as possible with our European partners.   But it is certain that Germany will not vote for such ...

William and Kate make first trip to city of their titles  LONDON: Britain's Prince William and his wife Catherine visited the university city that is home to their dukedom on Wednesday for the first time since they were given their official titles.   William and Catherine, who were given the titles the Duke and Duchess of Cambridge when they married last year, received an ecstatic welcome from hundreds of people who started lining the streets in the early hours of the morning.   The royal couple arrived in the city ...

China certain to hit 7.5pc 2012 GDP growth target  BEIJING: China is certain to hit the government's economic growth target of 7.5 percent for 2012 and could even exceed it, Commerce Minister Chen Deming said on Wednesday.   Chen made the comment at a conference, adding that China would likely spend more than $70 billion this year on non-financial outbound direct investment.   "In the first three quarters, China's economy has grown 7.7 percent from a year ago, therefore, it is for certain that we can achieve the ...

5.5 quake off Indonesia, no tsunami alert JAKARTA: A 5.5-magnitude earthquake struck off the coast of eastern Indonesia on Wednesday, the US Geological Survey said.   The Indonesian Meteorology, Geophysics and Climatology Agency (BMKG) had earlier reported the quake at a magnitude of 6.3 and a depth of 12 kilometres (7.5 miles), but issued no tsunami alert.   USGS reported the quake struck at 0856 GMT at a depth of 55 kilometres, 288 kilometres north of Saumlaki in the Tanimbar Islands.   "There was light shaking reported but ...

Kenya inflation seen close to bottom in November  NAIROBI: Kenya's inflation rate is expected to edge down this month but it may be close to bottoming out after an 11-month dive that has allowed the central bank to slash interest rates.   All but one of the 11 analysts polled by Reuters predicted the year-on-year inflation rate would fall to a consensus forecast of 3.95 percent in November from 4.14 percent last month, laying the ground for another 100-150 basis point cut in official borrowing ...

AIDS related deaths on rise in China BEIJING: China's health authority announced on Wednesday that 17,740 AIDS-related deaths were reported in the country from January  to October this year, a year-on-year increase of 8.6 percent.   The Ministry of Health (MOH) said the latest figures show that  there are 34,157 AIDS patients in China in the ten-month period.   As those living with HIV have become AIDS patients over time,AIDS-related deaths are on the rise, according to the MOH.   Copyright APP (Associated Press of Pakistan), 2012


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Foreign Debt $61.805bn
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