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Australian inflation eases after scrapping of carbon tax SYDNEY: Australian consumer prices rose 0.5 percent in the September quarter, official figures showed Wednesday, as the annual rate of inflation eased following the removal of a controversial carbon tax.The increase in the consumer price index (CPI) in the three months to September was slightly stronger than economists' estimates of 0.4 percent.The new figures took the annual rate of inflation to 2.3 percent, the Australian Bureau of Statistics (ABS) said, down from 3.0 percent in the year to June. The year-on-year rate matched analysts' projections.The softer number keeps inflation within the Reserve Bank of Australia's target range of 2.0-3.0 percent and gives the central bank room to maintain its record-low interest rate of 2.5 percent."There's no smoking gun here for the RBA to change their guidance, giving them some time (to maintain) a period of stability at the present time," Citi's chief economist for Australia Paul Brennan told AFP.The CPI ...


One of Texas nurses infected with Ebola fares better WASHINGTON: One of the two nurses infected with Ebola while treating the Liberian patient in Dallas who died October 8 is now faring better, the National Institutes of Health said Tuesday. "Ms.(Nina) Pham's clinical status has been upgraded from fair to good. No additional details are available at this time," said the NIH, located outside Washington, in a brief statement.Emory Hospital in Atlanta, Georgia, which is treating the second nurse, Amber Vinson so far has ...

Shaky Japanese economy hit by growing trade deficit TOKYO: Japan's shaky economy was dealt another blow Wednesday, as official data showed a widening September trade deficit that puts the world's number-three economy on track to log a record annual shortfall.The worse-than-expected deficit of 958.3 billion yen ($8.96 billion) comes on the back of a string of weak figures and a sharp contraction in the second-quarter, which raised fears that a recovery in Japan's economy has been derailed.The latest numbers translated into a trade ...

Obama to welcome Ebola coordinator to White House WASHINGTON: President Barack Obama on Wednesday will welcome his new Ebola policy chief Ron Klain to the White House, a source there said.Klain will meet with the president on his first day, as well as with "senior members of the team responsible for coordinating the government's Ebola response," the White House official said privately. The new "Ebola czar," as US media have started referring to him, will report directly Obama's Homeland Security Advisor Lisa Monaco ...

Tortured and jailed, Ukrainian women run for office KIEV: One was humiliated and beaten by pro-Russian separatists in eastern Ukraine, the other arrested and shipped off to Moscow, where she has been incarcerated in a psychiatric hospital. Now both Iryna Dovgan and Nadiya Savchenko are standing for parliament in Sunday's polls with campaigns that paint them as patriotic heroines who have put their lives on the line for their country."I want to fight for my land, I want to help rebuild my region," ...

China's Sept fiscal spending quickens, land revenues fall BEIJING: Growth in China's fiscal spending in September quickened to 9.1 percent from a year earlier, data showed on Tuesday, as the authorities try to smooth volatile public spending and keep the economy on an even keel.But underscoring the cooldown in the world's second-biggest economy and its housing market, revenues that Chinese governments earned from selling land slumped 21.1 percent in September on a yearly basis.Selling land to developers is a major source of income ...

IMF urges caution in Africa's Eurobond borrowing spree DAR ES SALAAM: The International Monetary Fund (IMF) has warned African countries against rushing to issue Eurobonds, saying they may face exchange rate risks and problems repaying debts.African governments facing falling levels of foreign aid are on a borrowing spree to pay for new roads, power stations and other infrastructure, prompting concern from many analysts that this could raise debt levels and undermine growth."It comes with some risks," the director of the IMF's African Department, ...


 



 
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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
WeeklyOctober 23, 2014
Reserves $13.465 bln