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South Korea July exports fall, outlook on China grows gloomier SEOUL: South Korean exports extended their losing streak to a seventh straight month in July, pointing to little respite in sight for Asia's trade-reliant economies as Chinese demand cools and global commodity prices take a fresh tumble.Exports fell 3.3 percent on-year to $46.61 billion in July while imports slumped 15.3 percent to $38.85 billion, generating a trade surplus of $7.76 billion in July, trade ministry data showed on Saturday.It was slightly better than a median 5.0 percent drop forecast in a Reuters survey but still worse than a 2.4 percent fall in June. Shipments to China and the European Union fell and growth tailed off in exports to the United States.The trade ministry said in a statement that exports in volume terms rose sharply in July for a second straight month over a year earlier in a rare bright sign, but analysts said the global environment was still getting worse."China ...

China July factory growth unexpectedly stalls: official PMI survey BEIJING: Growth at China's big manufacturing companies unexpectedly stalled in July as demand at home and abroad weakened, an official survey showed on Saturday, reinforcing views that the economy needs more stimulus as it faces fresh risks from a stock market slump.The official Purchasing Managers' Index (PMI) stood at 50.0 in July, compared to the previous month's 50.2. The 50-point mark separates growth from contraction on a monthly basis.Analysts polled by Reuters had predicted another ...
Turkey's July exports $10.86 billion, down 13pc: exporters ISTANBUL: Turkish exports fell 13 percent from a year earlier in July to $10.86 billion, the Turkish Exporters' Assembly (TIM) said on Saturday, while exports in the first seven months were down 8.8 percent to $84.37 billion.TIM releases its figures almost a month before the state statistics office.Copyright Reuters, 2015 ...
India's April-June fiscal deficit touches $44.9bn NEW DELHI: India's fiscal deficit during April-June touched 2.87 trillion rupees ($44.86 billion) or 51.6 percent of the target for the 2015/16 fiscal year ending in March 2016, government data showed on Friday.The deficit was 56.1 percent during the same period a year ago.Copyright Reuters, 2015 ...
Spain's FCC warns of slowdown in growth this year MADRID: Indebted Spanish services and construction group FCC, majority owned by Mexican billionaire Carlos Slim, said growth in its core profits would be slower than expected this year as the pace of the country's economic recovery was not matched in the construction sector. FCC, which reported a 9.5 percent drop in its Spanish construction business for the period, said group earnings before interest, tax, depreciation and amortisation (EBITDA) would rise by between 2.5 and 3 ...
Euro zone inflation stable at 0.2 percent, still far off ECB target BRUSSELS: Euro zone inflation was unchanged in July as a further decline of energy prices negated the impact of more expensive industrial goods and services, leaving the European Central Bank with more work to do to push up prices. The European Union's statistics office Eurostat said on Friday that consumer prices in the 19 countries sharing the euro rose by 0.2 percent year-on-year in July, as in June. The flash estimate also matched market expectations, ...
Gazprom Export launches auction for 3.24 bcm of gas to Europe this winter MILAN: Gazprom Export on Friday launched an auction of an additional 3.24 billion cubic metres of gas to northwest Europe for the coming winter, providing relief following caps to Dutch production and depleted inventories. "In September 2015, Gazprom Export will conduct a series of natural gas sales auctions for the Delivery Period Winter 2015/2016," Gazprom Export said in a statement on its website. "All our existing as well as potential new customers are welcome to ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln