Just in:  

You are here: Home»World


Worries over global growth weigh as Fed mulls rate hike WASHINGTON: China's economic downturn and weak inflation pose a challenge to the US Federal Reserve as it weighs raising interest rates for the first time in nine years on Thursday.Analysts say the risks have risen for a slowdown in US growth that might persuade the Fed to hold off from a rate hike for a few more months.Global markets remained cautious ahead of the decision, to be released at 1800 GMT Thursday. There were gains in most major stock markets Wednesday, but only slight shifts in the major currencies.The decision, though, has been preceded by calls for the US central bank to move gingerly.The World Bank has warned developing economies to prepare for more capital and currency market turmoil while the OECD urged the Fed to move slowly and make its policy plans clear, whatever it decides.Copyright AFP (Agence France-Presse), 2015

Brazil president's own supporters revolt against her austerity plans BRASÍLIA: When Brazil's leftist President Dilma Rousseff loses the support of someone like longtime backer Edson Silva, perhaps she had better start worrying.Silva is an anti-homelessness activist, traditionally the kind of foot soldier the ruling Workers' Party could count on -- and presumably a natural ally for Rousseff when the rest of the country is turning angrily against her.So what was Silva, 34, doing this Wednesday?Fuming against Rousseff's latest economic austerity plan. It entails cutting ...

White House: Obama to determine if more support needed for California for wildfires WASHINGTON: US President Barack Obama will soon determine if additional federal support is needed in California to combat the wildfires ravaging the state, the White House said on Wednesday. White House spokesman Josh Earnest said Obama would consider the possibilities for more assistance after a telephone call with California Governor Jerry Brown later on Wednesday. Copyright Reuters, 2015

Spanish economy under cloud of elections, Catalonia separatism MADRID: The rise of far-left party Podemos in Spain along with Catalonia's separatist drive is unsettling investors who fear the country could change course in a "Greek-style scenario" after upcoming elections.Spain, the fourth-biggest economy in the euro area, returned to growth in 2014 after five years of decline. Consumer spending is up, exports have jumped and manufacturing output has increased.The government forecasts an economic expansion of 3.3 percent this year -- more than twice the ...

Migrants head for Croatia to avoid Hungarian fence SID: A first busload of migrants arrived early Wednesday near Serbia's border with EU member Croatia hoping to circumvent a razor-wire fence erected by Hungary, as Germany's Angela Merkel called for an EU summit on the refugee crisis.The group of 30-40 mostly Syrian or Afghan migrants disembarked at the Serbian border town of Sid after an overnight journey from the Macedonian border at Presevo, 500 kilometres (300 miles) to the south."We heard that Hungary was ...

Global markets gird ahead of Fed meeting WASHINGTON: Financial markets girded for a possible fresh bout of turbulence early Wednesday ahead of the Federal Reserve's meeting to weigh the first US interest rate hike in nine years.An uncommon debate has raged over whether the US central bank should go ahead with a quarter-point increase to the federal funds rate that would nevertheless mark a crucial break with the Fed's crisis stance since 2008.By most assessments the US economy, with unemployment at 5.1 ...

Beijing may build 3rd South China Sea runway: US think-tank BEIJING: Beijing may be building its third airstrip on artificial islands in the South China Sea, a US think-tank said, in a move likely to raise tensions with Washington ahead of a state visit by China's president.China claims almost the whole of the sea and over the past year has asserted its stance with rapid conversion of tiny reefs into islands for facilities with military uses.Taiwan, Vietnam, the Philippines, Malaysia and Brunei all have rival ...


Index Closing Chg%
Arrow DJIA 16,790.19 0.08
Arrow Nasdaq 4,748.36 0.69
Arrow S&P 1,979.92 0.36
Arrow FTSE 6,326.16 0.43
Arrow DAX 9,902.83 0.90
Arrow CAC-40 4,660.64 0.95
Arrow Nikkei 18,186.10 1.00
Arrow H.Seng 21,831.62 0.10
Arrow Sensex 26,932.88 0.55

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln