All
 

 

Just in:  

You are here: Home»World

Archive

Brazil's Levy does not rule out increasing tax on domestic fuel RIO DE JANEIRO: Brazil's incoming finance minister Joaquim Levy on Wednesday vowed to swiftly adjust fiscal policies by cutting government expenses and possibly raising taxes, including a so-called CIDE tax on domestic fuel sales.Levy said that a "firm and balanced" fiscal adjustment should have a quick positive impact on economic growth."Implementing the necessary measures without taking too long helps keep jobs," he said in an interview with Globo TV.Brazil's economy has stagnated this year as domestic and external problems pile up.Locally, concern about the country's fiscal policies and a growing corruption scandal at state-run oil company Petrobras have been eroding investor and business confidence.Fears of higher U.S. interest rates, as well as lower commodities and oil prices, have added pressure to emerging market economies in general, causing the Russian currency to tumble this week.Levy said Brazil needs to increase its domestic savings rate to "invest more and also to be ...


Romania may seek new arrangement with IMF after deal expires: PM BUCHAREST: Romania could negotiate a new type of arrangement with the International Monetary Fund (IMF) once its standby aid deal expires next year, Prime Minister Victor Ponta said on Wednesday.The IMF came to Romania's rescue in 2009 after a real estate bubble burst and plunged the eastern European country into economic turmoil. In a series of deals since then, Romania was nudged into cutting its fiscal deficit and make reforms, and some investors are jittery ...

British unemployment rate steady at 6.0pc LONDON: Britain's unemployment rate has remained at a five-year low of 6.0 percent while wages are rising, official data showed on Wednesday.The rate for the July-September period compares with 6.2 percent for the three months to the end of October, the Office for National Statistics said in a statement.The number of unemployed meanwhile dropped by 455,000 to 1.96 million, the ONS added.Wages excluding bonuses rose 1.4 percent in the reporting period. Britain's economy is outperforming ...

Iran nuclear talks resume in Geneva GENEVA: World powers resumed negotiations with Iran on Wednesday over Tehran's disputed nuclear programme, more than three weeks after they last met and gave themselves another seven months to strike a deal.Political directors of the five permanent members of the UN Security Council and Germany -- the so-called P5+1 -- are holding a one-day meeting in Geneva with the Iranians, mediated by the European Union.An EU spokeswoman in the Swiss city told AFP the talks ...

Britain pledges more support for children affected by Ebola ISLAMABAD: Britain has pledged a 2.5 million pounds (3.93 million US dollars) fund to help children affected by Ebola.The Department for International Development of the United Kingdom said the fund will go to the United Nations International Children's Emergency Fund.The announcement followed a trip by department secretary Justine Greening to Sierra Leone, Xinhua reported."Ebola not only takes people's lives, it leaves children without families and survivors facing rejection from their communities. Our work will ensure ...

Eleven dead in vigilante shootout in western Mexico MEXICO CITY: A shootout between rival vigilantes in Mexico's western Michoacan state has left 11 dead, authorities said on Tuesday, in the clearest sign yet of renewed unrest in an area President Enrique Pena Nieto's government said had been pacified.The federal government's security commissioner for the state, Alfredo Castillo, told reporters the clash pitted two rival vigilante groups against each another in the town of La Ruana, about 150 miles (241 km) from Morelia, the ...

Putin holds late-night talks on Ukraine with European leaders MOSCOW: Russia's President Vladimir Putin and his French, German and Ukrainian counterparts agreed in a phone call early Wednesday that they wanted talks between Kiev, Moscow and rebels controlling parts of eastern Ukraine to resume as soon as possible.The telephone conversation came after the White House confirmed that US President Barack Obama will sign into law fresh sanctions against Russia.The Kremlin said in a statement that the leaders "continued discussion of the crisis situation in ...


 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






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