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Spanish jobless claims fall in July for sixth straight month MADRID: The number of registered unemployed fell in Spain for the sixth straight month in July, government data showed Tuesday, the latest sign of improvement in the eurozone's fourth-largest economy.Jobless claims declined last month by 74,028, or 1.8 percent, to 4.05 million, the labour ministry said in a statement.The improved jobs outlook should provide a boost to conservative Prime Minister Mariano Rajoy as he prepares for what promises to be a hard-fought re-election campaign at the end of the year.He credits his embrace of fiscal austerity and labour reforms that make it cheaper to hire and fire workers for the economic turnaround -- but the reforms have cost him voter support.The number of people without work fell in every region and across all sectors except for agriculture, although the majority of new jobs were on short-term contracts.July is traditionally a relatively strong month for the Spanish jobs market, as retailers, ...

US factory orders rebound in June WASHINGTON: US orders for manufactured goods rebounded in June after two months of declines, boosted by strong gains in aircraft and other transportation equipment, the Commerce Department reported Tuesday.Factory orders jumped 1.8 percent in June, matching the consensus estimate, following a 1.1 percent decrease in May.Excluding transportation, which can be volatile, June orders rose a modest 0.5 percent.Transportation equipment surged 9.3 percent. Civilian aircraft orders soared 65.4 percent, with defense aircraft up 31.0 percent. Ships ...
Australia's central bank keeps interest rate at 2.0pc SYDNEY: Australia's central bank Tuesday held interest rates at a record-low of 2.0 percent as it kept the possibility of further easing on the table and dropped calls for a weaker exchange rate.The Reserve Bank of Australia said it would continue to monitor data over the next few months, adding that leaving the cash rate unchanged "was appropriate" for this month."Further information on economic and financial conditions to be received over the period ahead will ...
Argentina says July tax income rises 36.3pc on year BUENOS AIRES: Argentina's tax revenue jumped 36.3 percent in July from the same month a year earlier to 145.999 billion pesos ($15.887 billion), the government said on Monday. This was above the median forecast of 141.912 billion pesos in a Reuters poll of analysts. Official data shows signs of an economic recovery in Argentina, Latin America's third biggest economy, helped by increased government spending ahead of October's presidential election. Even so, private economists estimate Argentina's ...
US consumer spending edges higher in June WASHINGTON: US consumer spending edged higher in June, capping a rebound in the second quarter from weak growth in the first months of the year, the Commerce Department reported Monday.Consumer spending, which accounts for about 70 percent of US economic activity, rose 0.2 percent in June after a 0.7 percent gain in May and a 0.3 percent increase in April, the department said.For the April-June quarter, spending increased at an annual rate of 2.9 percent, ...
US manufacturing slows a tick in July WASHINGTON: US manufacturing activity slowed slightly in July amid weaker export orders and a continued drag from falling oil prices, the Institute for Supply Management reported Monday.The ISM purchasing managers index on the manufacturing sector fell to 52.7 in July from 53.5 in June. A reading above 50 indicates expansion. Analysts on average had expected the PMI would rise to 53.7.The July level was the lowest since April and remained well below the 12-month average ...
India factory output climbs to six-month high MUMBAI: India's factory output climbed to a six-month high in July on strong demand, a survey showed Monday, easing pressure on the central bank to cut rates when it meets this week.Japanese media group Nikkei said its purchasing managers index (PMI), formerly carried out by banking giant HSBC, increased to 52.7 points in July from 51.3 a month before.A reading of more than 50 points suggests industrial expansion while anything below indicates contraction, according to ...


Index Closing Chg%
Arrow DJIA 17,550.69 0.27
Arrow Nasdaq 5,105.55 0.19
Arrow S&P 2,093.32 0.22
Arrow FTSE 6,686.57 0.03
Arrow DAX 11,456.07 0.11
Arrow CAC-40 5,112.14 0.16
Arrow Nikkei 20,520.36 0.14
Arrow H.Seng 24,406.12 0.02
Arrow Sensex 28,071.93 0.41

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln