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US consumer prices edge up in March WASHINGTON: US consumer prices ticked higher in March, lifted by a rebound in energy prices, the Labor Department reported Friday.The consumer price index (CPI) rose 0.2 percent for the second month in a row in March, weaker than the 0.3 percent increase expected by analysts.Year-over-year, inflation dipped back into negative territory with a 0.1 percent fall. In January inflation had turned negative for the first time since 2009.The CPI number month-over-month was pulled higher by a 1.1 percent rise in energy prices, including a 3.9 percent jump in gasoline, and a 1.2 percent gain for used cars and trucks.Food prices slipped 0.2 percent.Stripping out food and energy prices, the so-called "core" CPI rose 0.2 percent from February, double the increase expected. It was up 1.8 percent from March 2014, marking a slight increase from the 1.7 percent rise for the 12 months ending February.The inflation snapshot came as the Federal ...

IMF's Lagarde says Greece should not delay payments WASHINGTON: The head of the International Monetary Fund on Thursday signaled that the IMF would not agree to let Greece delay a scheduled bailout payment, saying the Fund needed to protect its sterling reputation as a global lender.Greece is fast running out of cash and its euro zone and IMF lenders have frozen bailout aid until the new leftist-led government in Athens reaches agreement on a package of reforms.That has raised fears the Greek government ...
US housing starts creep higher in March WASHINGTON: New construction of homes in the United States was stuck in the doldrums for a second straight month in March, according to government data released Thursday.Housing starts rose 2.0 percent in March to an annual rate of 926,00 units, but were down 2.5 percent from March 2014, the Commerce Department said.Starts increased less than expected as severe winter weather in February eased in March. On average, analysts expected a March rate of 1,045 units.Starts ...
German economic institutes hike 2015 growth forecast to 2.1pc BERLIN: Germany's leading economic institutes sharply raised their growth forecast Thursday, predicting Europe's top economy will expand 2.1 percent this year thanks to cheap oil, the low euro and strong consumer spending.The forecast by four research institutes was sharply higher than the 1.2 percent growth for 2015 they had predicted last autumn.Copyright AFP (Agence France-Presse), 2015 ...
Australia's jobless rate falls to 6.1pc SYDNEY: Australia's unemployment rate dipped to 6.1 percent in March, data showed Thursday, a better-than-expected reading that could ease pressure on the central bank to further cut interest rates.The figure was down from a revised 6.2 percent in February, as 37,664 positions were created, according to the Australian Bureau of Statistics. Analysts had forecast a reading of 6.3 percent with 15,000 jobs added.Full-time roles increased by 31,516 while part-time jobs rose 6,148. The participation rate, ...
Most regions of US growing: Fed report WASHINGTON: Most regions of the US economy expanded in recent weeks, and there was "modest" upward pressure on wages and overall prices, the Federal Reserve said in a report Wednesday.Ten of the Fed's 12 districts reported "moderate", "modest" and for one, "slight" growth, while conditions were flat in Atlanta and Kansas City, according to the Beige Book."Weakening activity was attributed in part to the strong dollar, falling oil prices, and the harsh winter weather," it ...
US industrial production falls in March WASHINGTON: US industrial production fell sharply in March, pulled down by lower utility output as bad winter weather faded, the Federal Reserve said Wednesday.Total industrial output fell 0.6 percent, after a minimal 0.1 percent rise in February.The March drop was double what analysts expected.Utilities output slid 5.9 percent, largely reversing February's increase that was weather-related.Mining output fell for the third straight month, but by a smaller 0.7 percent.Manufacturing eked out a 0.1 percent gain after ...


Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln