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German retail sales climb in August FRANKFURT: German retail sales, a closely watched measure of household confidence, increased in August, official data showed on Tuesday. German retailers' sales rose by 2.5 percent in August compared with July, the federal statistics office Destatis said in a statement.It was the steepest increase since June 2011 and better than analysts' expectations.Retail sales had declined by 1.1 percent the previous month.On a 12-month basis, business edged by only 0.1 percent in August compared with the same month last year, but that was because there was one less shopping day in August this year than in August 2013, the statisticians calculated.Retail sales data are subsequent to frequent revision.Copyright AFP (Agence France-Presse), 2014


No Japan volcano rescue Tuesday amid fears of new eruption TOKYO: Rescue operations on a Japanese volcano were called off for the day on Tuesday because of fears there could be a fresh eruption, officials said, with at least 24 bodies still on the mountain."Both ground and air rescue operations have been called off today," said an official of Nagano Prefecture's crisis-management office after vulcanologists reported increasingly violent tremors at the site.Copyright AFP (Agence France-Presse), 2014

Thai August factory output falls a 17th straight month BANGKOK: Thai factory output dropped less than forecast in August, but the 17th straight month of decline from a year earlier is the latest sign that the country's economy is still sputtering. Factory output in August was down 2.66 percent from a year earlier, compared with July's revised fall of 5.3 percent the Industry Ministry said on Tuesday. Initially, it put July's drop at 5.18 percent. A Reuters poll had forecast a decline of 4.5 ...

Italy's Renzi wins party vote on labour reform ROME: Italian Prime Minister Matteo Renzi on Monday overcame fierce opposition from the old guard of his centre-left Democratic Party (PD) and got backing for plans to make it easier to fire workers at big companies although he offered little detail on his labour reform. At the end of five-hour party meeting Renzi won a vote on broad brush proposals to extend jobless benefits, cut the number of short-term contracts, boost the role of employment ...

Hong Kong leader demands protests end 'immediately' HONG KONG: Hong Kong's chief executive Leung Chun-ying Tuesday called on protest leaders to "immediately" withdraw their followers from the streets in his first public comments since demonstrators were tear gassed by police."Occupy Central founders had said repeatedly that if the movement is getting out of control, they would call for it to stop. I'm now asking them to fulfil the promise they made to society, and stop this campaign immediately," Leung said.Occupy Central is ...

Malaysia's September palm oil exports seen up 16.3pc m/m KUALA LUMPUR: Exports of Malaysian palm oil products in September rose 16.3 percent to 1,497,828 tonnes from 1,288,117 tonnes shipped in August, cargo surveyor Intertek Testing Services (ITS) said on Tuesday. Copyright Reuters, 2014

Temasek units invest in shoe retailer Star 360 SINGAPORE: Sports and fashion footwear retailer Star 360 Holdings said on Tuesday that it has received investments from two units of Singapore state investor Temasek Holdings (Private) Ltd. Heliconia Capital Management and Pavilion Capital will jointly inject capital into Star 360, to help it expand its retail and distributor networks. Singapore-based Star 360 distributes and sells footwear and accessories from brands including Nike, Birkenstock and Polo Ralph Lauren in 17 countries across Asia, Europe and ...


 



 
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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