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Vietnam's bad debts rise to 3.49pc in January HANOI: Commercial banks in Vietnam reported bad debts at 3.49 percent of their outstanding loans in January 2015, up from 3.25 percent the previous month, a state-run newspaper quoted a central banker on Saturday as saying.But the State Bank of Vietnam (SBV) estimated the bad debts in the system at 4.75 percent in January, down from 4.83 percent in December 2014, Deputy Governor Nguyen Thi Hong was quoted by the Thanh Nien (Young People) newspaper as saying."The gap between these two figures is narrowing," Hong was quoted as telling a parliamentary session on Friday, referring to the estimate based on banks' reports and the central bank's own assessment. She gave no values of the debts.Vietnam is recovering from a toxic debt headache and real estate slump caused by unrestrained lending and costly investments by state-run firms in non-core areas. Its non-performing loans (NPLs) ratios have been among Asia's highest.The SBV ...

Russia's Economy Ministry sees inflation at 12-13pc towards summer end MOSCOW: Russia's Economy Ministry sees inflation slowing to between 12 and 13 percent towards the end of the summer, Deputy Minister Alexei Vedev said on Friday. Copyright Reuters, 2015 ...
German business confidence hits 10-month high FRANKFURT: German business confidence rose to its highest level in 10 months in April, as recovery in Europe's biggest economy continues apace, but optimism could soon begin to stall, the Ifo economic institute said Friday. The Ifo institute's closely watched business climate index rose to 108.6 points this month, its highest level since June 2014, the think tank said in a statement. It was the sixth consecutive monthly increase and was better than analysts had ...
South Korea struggles to keep firms in line over Kaesong wage row SEOUL: The South Korean government struggled Friday to prevent company managers conceding to North Korean wage rise demands for workers in their joint industrial zone in Kaesong.The Unification Ministry admitted that around a dozen South Korean companies operating in the zone had -- contrary to Seoul's directions -- signed a note promising to pay an increased wage.The North unilaterally announced in February a salary hike for the more than 50,000 North Korean workers employed by ...
Eurozone business activity disappoints in April: Markit BRUSSELS: Eurozone business activity slowed in April after hitting an 11-month high in March, denting hopes that a massive European Central Bank stimulus programme would give the economy a quick boost, a key survey showed Thursday.The closely watched Markit Economics Composite Purchasing Managers Output Index (PMI) fell to 53.5 points in April from 54 points in March.Although the report showed the economy holding well above the 50-point boom-or-bust line, Markit said many had hoped it ...
Spain sees slight increase in first quarter jobless MADRID: Spain's already high unemployment rose slightly in the first quarter, official data showed Thursday, in a bleak reminder of the challenges the country faces as it seeks to cement a fragile economic recovery.The rate rose to 23.78 percent, according to the National Statistics Institute (INE), up from 23.7 percent in the previous quarter.The Spanish economy, the eurozone's fourth-largest, has enjoyed modest but steady growth since emerging in mid-2013 from a recession after the collapse ...
German consumer confidence at 13.5-year high: survey FRANKFURT: Consumer confidence in Germany is at its highest since late 2001, as low inflation buoys households' income expectations, although there were signs of concern about the constant tug-of-war over Greece, a poll showed on Thursday."Consumer sentiment in April was mixed. While the consumer climate improved once more, the increase was not quite so marked," market research company GfK said in a statement. "Income expectations continued to rise, but economic expectations and consumers' willingness to ...


Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln