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India's economy outpaces China, central bank seen holding rates NEW DELHI: India's economic growth picked up in July-September, outpacing China on improving domestic demand and manufacturing activity, and the acceleration could persuade the country's central bank to keep interest rates unchanged at its Tuesday meeting.The Reserve Bank of India is expected to hold rates steady after a sharper-than-expected 50 basis point cut at its last meeting, as it looks to control price rises ahead of a tighter 2016 inflation target.Asia's third-largest economy expanded by a 7.4 percent annual rate in the second quarter of the 2015/16 financial year that ends in March, compared with 7 percent in April-June, the Statistics Ministry said on Monday.China reported annual growth of 6.9 percent for the three months ended Sept. 30.A survey of analysts by Reuters had forecast Indian GDP growth of 7.3 percent for the July-September quarter.Stronger growth would be a boost for Prime Minister Narendra Modi after a defeat in state ...

US pending home sales rise modestly in October WASHINGTON: Contracts to buy previously owned U.S. homes rose far less than expected in October, the latest sign that the housing market recovery was losing momentum after strong gains early this year.The National Association of Realtors said on Monday its pending home sales index edged up 0.2 percent to 107.7. While the increase ended two straight months of declines, it was far below economists' expectations for a 1.0 percent rebound.Pending home contracts become sales after ...
Brazil's industrial drop to slow slightly in October BRASILIA: Brazilian industrial output likely continued to drop in October but probably at a slightly slower pace than in the previous month, a Reuters poll showed on Monday.Brazil's industrial production likely fell 10.3 percent from October 2014, compared to a decline of 10.9 percent in September, according to the median of 16 estimates ranging from -9.3 percent to -12.0 percent.Output probably fell a seasonally adjusted 0.2 percent from September, improving from a contraction of 1.3 ...
Google denies monitoring accord with Israeli government JERUSALEM: Internet giant Google on Monday denied a report from Israel's foreign ministry that it has reached an agreement with the government to jointly monitor YouTube videos inciting attacks.The ministry last week said that Google, which owns YouTube, had agreed a joint mechanism to monitor online materials -- including videos encouraging attacks on Israelis -- after a meeting between Google executives and the Israeli Deputy Foreign Minister Tzipi Hotovely.But the firm said no such agreement ...
IMF approves China's yuan for currency basket in win for Beijing WASHINGTON: The International Monetary Fund on Monday admitted China's yuan into its benchmark currency basket in a victory for Beijing's campaign for recognition as a global economic power.The IMF's executive board agreed to add the yuan, also known as the renminbi, to its Special Drawing Rights (SDR) basket alongside the dollar, euro, pound sterling and yen, in a move earlier backed by IMF chief Christine Lagarde and in-house experts.To meet the IMF's criteria, Beijing has ...
Canada's Q3 current account gap falls as trade improves OTTAWA: Canada's current account deficit shrank in the third quarter, but not by as much as expected, as an improvement in trade was partly offset by a higher deficit on cross-border investment flows, according to Statistics Canada data released on Monday. The current account gap fell to C$16.21 billion ($12.10 billion) in the third quarter from C$16.57 billion in the second, sharply revised from an initially reported C$17.40 billion. The figures are seasonally adjusted. The ...
Brazil posts biggest ever primary deficit for October BRASILIA: Brazil had its worst primary budget deficit for the month of October on record, central bank data showed on Monday, evidence of the continued deterioration of the country's finances despite government efforts to rein in spending. The primary deficit jumped to 11.530 billion reais ($3.00 billion) in October from a gap of 7.318 billion in September and a surplus of 3.729 billion in October of last year. Market analysts surveyed by Reuters expected a ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln