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Mexico current account deficit widens in third quarter MEXICO CITY: Mexico's current account deficit reached $8.856 billion in the third quarter, the central bank said on Wednesday, widening from a revised $7.561 billion in the second quarter. The accumulated current account deficit for the year was the equivalent of 2.9 percent of gross domestic product, the central bank said. Copyright Reuters, 2015

US new home sales rebound strongly in October WASHINGTON: New US single-family home sales surged in October and the inventory of properties for sale was the highest since early 2010, which could allay concerns of a significant slowdown in housing. The Commerce Department said on Wednesday sales increased 10.7 percent to a seasonally adjusted annual rate of 495,000 units. September's sales pace was revised down to 447,000 units from the previously reported 468,000 units. Economists polled by Reuters had forecast new home sales, ...

German export expectations rise as euro weakens BERLIN: German exporters expect stronger demand from abroad due to the weaker euro, with carmakers and chemicals companies especially upbeat, a survey showed on Wednesday. The euro hit a seven-month low of $1.0589 on Wednesday. Potential further policy easing by the European Central Bank, which meets next week, could weigh further on the euro, especially if the US Federal Reserve raises its benchmark interest rate at its Dec. 15-16 meeting as is widely expected. "German ...

Nigeria rate cut triggers stock rise; bonds, naira fall LAGOS: Nigeria naira and bond yields fell sharply on Wednesday while stocks rose, a day after the central bank announced a surprise interest rate cut aimed to stimulate lending in Africa's biggest economy, traders said. Nigeria's central bank cut benchmark interest rate to 11 percent from 13 percent on Tuesday, its first reduction in the cost of borrowing in more than six years. The continent's top oil producer has been hard hit by a plunge ...

Portugal public deficit falls 20pc in Jan-Oct LISBON: Portugal's public sector deficit fell 20 percent to 4.74 billion euros ($5.02 billion) in the first ten months of 2015 as tax revenues rose thanks to a recovering economy, and spending fell, the finance ministry said on Wednesday. The numbers were released a day before a new Socialist government comes to power, which has promised to raise public sector salaries, eliminate an extraordinary income tax and cut value added tax on the restaurant sector. ...

US jobless claims fall more than expected WASHINGTON: The number of Americans filing for unemployment benefits fell more than expected last week, drifting back to near 42-year lows as labor market conditions continue to tighten. Initial claims for state unemployment benefits declined 12,000 to a seasonally adjusted 260,000 for the week ended Nov. 21, the Labor Department said on Wednesday. The prior week's claims were revised to show 1,000 more applications received than previously reported. Claims have now held below the 300,000 ...

Italy court clears PM Renzi over expense claims when Florence mayor ROME: A court in Florence has closed its investigation into expense claims filed by Italian Prime Minister Matteo Renzi when he was mayor of the city between 2009 and 2014 and concluded there was nothing wrong with them, the mayor's office said on Wednesday. The accounting court, which is responsible for ensuring a correct use of public funds, opened the probe last month after press reports that Renzi had regularly claimed reimbursement for restaurant meals ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln