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US business spending plans rise solidly in April WASHINGTON: US business investment spending plans increased solidly for a second straight month in April, a hopeful sign for manufacturing activity after a recent long spell of weakness.The Commerce Department said on Tuesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rose 1.0 percent last month after an upwardly revised 1.5 percent increase in March.The so-called core capital goods orders were previously reported to have increased 0.6 percent in March.Business spending has slackened as a sharp decline in energy prices forced oilfield companies, including Schlumberger and Halliburton, to slash their capital expenditure budgets. Investment has also been undermined by a strong dollar, which has squeezed profits of multinational corporations.The increase in core capital goods offers cautious optimism that business spending outside the energy sector will pick up in the coming months and support manufacturing, and the broader economy, after a dismal first quarter.Economic growth ...

Danish government raises 2015 growth forecast as election looms COPENHAGEN: The Danish government raised its economic growth forecast for 2015 on Thursday and said it saw a lower budget deficit than previously expected, according to a report seen by Reuters.In the report, due to be published later on Tuesday, the government predicted growth of 1.7 percent this year, compared to a forecast given in December of 1.4 percent.It said it sees a budget deficit of 1.3 percent of GDP, compared with a previous forecast ...
India's adequate food stocks to help contain inflation: adviser NEW DELHI: India's adequate food stocks would help contain inflation, even if summer monsoon rains turn out to be weak, Chief Economic Adviser Arvind Subramanian said on Tuesday.The June-September monsoon season is vital for India as half its croplands lack irrigation, but a forecast of less rain than usual this summer due to the emergence of the El Nino has threatened farm output.India's retail inflation in April cooled to a four-month low of 4.87 percent ...
Polish jobless rate falls to 11.2pc in April, as expected WARSAW: Poland's registered unemployment rate fell to 11.2 percent in April compared to 11.7 percent the previous month, the state statistics office said on Tuesday.Analysts polled by Reuters had expected the rate at 11.2 percent.The statistics office said that the number of registered unemployed stood at 1.782 million in April.The data also showed the unemployment rate as measured by the Labour Force Survey (BAEL) rose to 8.6 percent in the first quarter of 2015 from ...
Robust Singapore Q1 GDP points to steady policy for now SINGAPORE: Singapore's economy in the first quarter grew faster than estimated as manufacturing and services sectors showed more resilience, boding well for the city-state's economic growth outlook this year.The surprisingly strong data bolsters the case for the Monetary Authority of Singapore (MAS) to hold off from additional monetary easing later this year, economists said.The trade-reliant economy expanded an annualised and seasonally adjusted 3.2 percent in the January-March quarter from the previous three months, the Ministry ...
Vietnam May industrial production rises 7.5pc HANOI: Vietnam's May index of industrial production (IIP) increased an estimated 7.5 percent from the same period last year, the General Statistics Office said on Tuesday.The country's IIP annual growth in January-April was revised up at 9.6 percent from the initial estimation of 9.4 percent, the office said in its monthly report.Vietnam's IIP rose 7.6 percent in 2014 from the previous year, picking up from an annual growth of 5.9 percent in 2013.Copyright Reuters, 2015 ...
Japan trade account returns to deficit in April: govt TOKYO: Japan swung back to a trade deficit in April after the first surplus in almost three years in March, but the shortfall shrank drastically year-on-year thanks to stronger exports and lower energy bills, official data showed Monday.The monthly deficit came in at 53.4 billion yen ($440 million), about one-15th of the 825.5 billion yen posted a year earlier, finance ministry data showed.Exports rose 8.0 percent year-on-year chiefly on robust shipments of cars,electronics components and ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln