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Canada economy picks up in Q2 OTTAWA: Canada's economy picked up momentum in the second quarter after starting the year in a slump, with activity increased in most sectors, the government statistical agency said Friday.Growth rose to 0.8 percent, from 0.2 percent in the first three months of the years, Statistics Canada said.At an annualized rate, gross domestic product (GDP) was 3.1 percent -- "a full four ticks stronger than what was expected by the street," noted CIBC World Market economist Nick Exarhos.Consumers were the driving force behind the uptick, buying up cars and trucks, furnishings, food and beverages, hotel services, clothing and footwear.Their wages and salaries, however, grew at a slower pace. Canadians were able to save less, as expenditures increased faster than disposable income.Demand for housing rebounded after two slow quarters. Home renovations were higher too.Businesses, meanwhile, invested more in machinery and equipment, and heavy trucks.Mineral exploration and evaluation, as well as research and ...

India's economy grows 5.7pc in Q1, highest in 2 years NEW DELHI: India's economy grew by 5.7 percent in the first financial quarter, its fastest pace in over two years, data released Friday showed, as the election of a new right-wing government spurred investor confidence.The economy's strong expansion in the three months to June beat the consensus market forecast of 5.5 percent growth and marked the clearest sign yet that Asia's third-largest economy is accelerating out of a long slowdown, economists said.Copyright AFP (Agence France-Presse), ...
Brazil in technical recession as Q2 GDP slides RIO DE JANEIRO: Brazil is in technical recession after the country's national statistical institute unveiled a 0.6 percent drop in second quarter GDP on Friday, while revising the Q1 figure down from 0.2 to -0.2 percent.The figures, coming barely a month before the country goes to the polls for presidential and elections, will worsen already low industrial and consumer confidence in Latin America's biggest economy.Copyright AFP (Agence France-Presse), 2014 ...
Eurozone inflation falls to 0.3pc: Eurostat BRUSSELS: Eurozone inflation fell again in August to 0.3 percent, official EU data showed on Friday, bringing the threat of a deflationary spiral dangerously close.The data will be seen as adding pressure on the European Central Bank to relax its monetary policy further. Eurostat also reported that the eurozone unemployment rate was steady at 11.5 percent in July.Copyright AFP (Agence France-Presse), 2014 ...
India's new government spurs faster growth: forecasts NEW DELHI: Figures out Friday are expected to show India's faltering economy grew at its fastest pace in over two years in the first financial quarter, as the election of a new right-wing government spurred confidence.India has been mired in its longest spell of sub five-percent growth in a quarter-century.But analysts say the economy appears to be gaining steam after the Bharatiya Janata Party (BJP)'s election victory, powered by increased consumer and investor confidence.Economists surveyed ...
South Korea industrial output up for two straight months SEOUL: South Korea's industrial output grew for the second straight month in July, raising expectations that the country's sluggish economy might be gaining some strength, government data showed Friday.Production in the mining, manufacturing, gas and electricity industries expanded 1.1 percent last month from June, Statistics Korea said.This followed a revised 2.6 percent gain a month earlier.Production of cars and other vehicles rose 10.7 percent from the previous month and oil refinery product was up 7.5 ...
Japan jobless rate edges up to 3.8pc in July: govt TOKYO: Japan's jobless rate edged up to 3.8 percent in July from 3.7 percent in the previous month, official data showed Friday.Markets had expected the July unemployment rate to remain flat at 3.7 percent.The jobless rate had hit 3.5 percent in May, the lowest since late 1997.A separate survey from the labour ministry showed the ratio of job offers to job seekers stood at 1.10 in July, meaning there were 110 job offers for every ...


Index Closing Chg%
Arrow DJIA 17,079.57 0.25
Arrow Nasdaq 4,557.70 0.26
Arrow S&P 1,996.74 0.17
Arrow FTSE 6,805.80 0.36
Arrow DAX 9,462.56 1.12
Arrow CAC-40 4,366.04 0.66
Arrow Nikkei 15,459.86 0.48
Arrow H.Seng 24,741.00 0.71
Arrow Sensex 26,638.11 0.29

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln