Just in:  

You are here: Home»World»Business & Economy

Global Business & Economy


President Xi says China should not focus on growth rate only BOAO: Chinese President Xi Jinping said on Saturday that the country should not focus on its economic growth rate only, reiterating China's push for a more sustainable, higher-quality expansion.Chinese leaders have announced an economic growth target of around 7 percent for this year, below the 7.5 percent goal in 2014 and the slowest rate in a quarter-century.Xi, who was speaking at a forum in Boao on the southern Chinese island of Hainan, said 7 percent growth was still impressive and would be a big driver of momentum.He said the Chinese economy was resilient and had much potential, allowing for a host of policy tools. Analysts anticipate further interest rate cuts in China this year.The theme of the Boao forum is: "Asia's New Future: Towards a Community of Common Destiny".Copyright Reuters, 2015 ...

Brazil's economy grows 0.1pc in 2014 RIO DE JANEIRO: The Brazilian economy, the world's seventh-largest, posted near-stagnant growth in 2014, expanding just 0.1 percent, the government said Friday, as inflation and a massive corruption scandal took their toll.Hosting the World Cup in June and July and gearing up for the Olympics next year failed to reverse the drag of soaring prices, a ballooning deficit and a $4-billion kickbacks scandal at state oil giant Petrobras that has tarnished Brazil's largest company and ...
PM Modi urges well-off Indians to give up gas subsidies NEW DELHI: Prime Minister Narendra Modi on Friday urged affluent Indians to give up their cooking gas subsidies to help the energy-starved country's poor access clean fuel.Fuel subsidies are a massive expense in India, contributing to an overall subsidy bill that ballooned to $43 billion, or two percent of gross domestic product (GDP), under the previous government."I appeal to all those who can afford cooking gas at market rates to please give up your gas ...
US economy slows in fourth quarter WASHINGTON: The US economy slowed in the final quarter of 2014, with a sharp gain in consumer spending driving growth, but the outlook for the first quarter is even dimmer.As the Federal Reserve mulls raising near-zero interest rates this year, the Commerce Department's third estimate of gross domestic product (GDP) growth Friday was left unrevised at an annual rate of 2.2 percent following the third quarter's blistering 5.0 percent pace.The expansion in the final months ...
China Jan-Feb industrial profits down 4.2pc yr/yr, worst drop since 2012 BEIJING: China's industrial profits fell 4.2 percent in January-February from a year earlier as the economy slowed and profit margins deteriorated, moderating from an 8 percent drop in December but still the sharpest decline in the first two months since 2012. Industrial firms made a combined profit of 745.2 billion yuan ($119.91 billion) in January-February, the National Bureau of Statistics said on Friday.It was the biggest drop in the period since profits fell 5.2 percent ...
Japan inflation stalls in February TOKYO: Japanese inflation stalled in February with a key measure of prices flat for the first time in nearly two years, data showed Friday, weighed by a plunge in oil rates and tepid consumer spending.The dismal figures come after Bank of Japan chief Haruhiko Kuroda acknowledged this month that dragging the country out of years of deflation was proving to be "very challenging", and he warned that inflation may temporarily fall to zero.While core inflation, ...
Brazil jobless rate creeps up to 5.9pc BRASÍLIA: Brazil's jobless rate crept up in February to 5.9 percent, a second straight monthly rise taking the index to its highest level since 2011, official figures showed Thursday.The national statistical institute IBGE showed a 0.6 percent increase over January while the February level was 0.8 percent higher than 12 months earlier.The number of jobless seeking work is estimated at 1.4 million people -- 10.2 percent higher than in January and 14.1 percent up on ...


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln