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France boosts debt issuance as redemption spike looms PARIS: France will borrow more next year as it faces a wave of redemptions on bonds issued during the financial crisis, the public debt management agency said on Wednesday.Agence France Tresor said it would issue 188.0 billion euros ($236.9 billion) of medium and long-term debt in 2015, net of buybacks, compared with 173 billion euros in 2014. That equals a record set in 2010."We've completed 94 percent of the (2014) programme and in reality we are going to keep issuing to take advantage of the very good financing conditions to pre-finance a big part of our 2015 programme," AFT chief executive Ambrose Fayolle said.Presenting AFT's 2015 issuance plans to journalists, he said it bought back 25.7 billion euros in bonds maturing in 2015 and 2016 as it seeks to smooth out the flow of redemptions, which will reach a record 117.1 billion euros for bonds next year."We started buying back ...

IMF cuts Russian GDP forecast in half, urges tighter monetary policy MOSCOW: The International Monetary Fund halved its forecast for Russia's 2015 gross domestic product to 0.5 percent on Wednesday, saying that international tensions had created downside risks to its estimates."Geopolitical uncertainties are having a big direct impact on the Russian economy," Antonio Spilimbergo, the IMF's mission head to Russia, told journalists.Russia is embroiled in conflict with Ukraine. Consequently, western countries have imposed a series of sanctions against Moscow, which has retaliated with counter-sanctions of its ...
Canada manufacturing growth cools in Sept TORONTO: The pace of growth in the Canadian manufacturing sector cooled last month as production slowed and new orders for exports stalled, data showed on Wednesday.The RBC Canadian Manufacturing Purchasing Managers' index (PMI), a measure of manufacturing business conditions, fell to a seasonally adjusted 53.5 in September, pulling back from the nine-month high of 54.8 seen in August. A reading above 50 shows growth in the sector.Despite the dip, Canada's manufacturing sector continued to show ...
US factory activity grew in Sept, jobs increases best since early 2012 NEW YORK: America's manufacturing industry expanded in September, though a tad slower than during August, while employment in the sector grew at its best pace since March 2012, an industry report showed on Wednesday.Financial data firm Markit said its final U.S. Manufacturing Purchasing Managers Index turned down to 57.5 last month from 57.9 during August. The preliminary read for the index was 57.9.A reading above 50 signals expansion in economic activity."The September PMI reading in ...
Eurozone manufacturing in doldrums BRUSSELS: The eurozone's manufacturing sector reported lacklustre activity in September, set back by a fall in production by powerhouse Germany, a survey showed on Wednesday, adding to clouds over the single currency zone.The latest survey of leading indicators from manufacturing industries in the eurozone, the purchasing managers' index (PMI), gave a reading of 50.3 points, down from 50.7 points in August and the lowest for 14 months.The survey, by the Markit analysis group, is closely ...
Indonesia's August trade balance swings to deficit JAKARTA: Indonesia's trade balance unexpectedly swung back to a deficit in August, official data showed Wednesday, a setback for Southeast Asia's top economy as it struggles to recover after a turbulent period.However, while the statistics agency attributed the $318.1 million deficit to a surge in imports it added that most were capital goods, such as machinery for manufacturing, as opposed to consumer goods. The government is trying to ramp up manufacturing and wean itself off ...
Crisis-hit France eyes gradual deficit reduction PARIS: France's finance minister on Wednesday forecast that the country's budget deficit would scrape below the European Union ceiling by 2017, as he unveiled his annual budget.Michel Sapin told reporters that the deficit would be 2.8 percent of gross domestic output in 2017, just below the EU's three-percent ceiling.France had promised Brussels it would get below the three percent limit next year but in a dramatic about-turn earlier this month, pushed back this commitment by ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln