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New Zealand wholesale sales rise in Q4 WELLINGTON: New Zealand seasonally adjusted wholesale sales rose 0.3 percent in the fourth quarter, led by higher sales of pharmaceuticals, stationery, furniture, and cars, official data showed on Friday.Statistics New Zealand said the data compared with a downwardly revised gain of 0.6 percent in the previous quarter.The seasonally adjusted value of total wholesale stocks in the three months to Dec. 31 rose 3.4 percent to NZ$9.6 billion ($7.18 billion).The data is one of the final components of gross domestic product data to be released on March 19.Copyright Reuters, 2015 ...

US jobless claims climb WASHINGTON: New claims for US unemployment insurance rose modestly last week, sticking above the 300,000 level for the second week in a row, according to Labor Department data released Thursday.Americans filed 320,000 initial jobless claims in the week ending February 28, an increase of 7,000 from the prior week.The rise in jobless claims, a sign of the pace of layoffs, was stronger than the 295,000 number expected by analysts.The four-week moving average of new claims ...
ECB raises growth forecasts, cuts 2015 inflation forecast NICOSIA: The European Central Bank on Thursday raised its forecasts for growth of the eurozone economy this year and next year, but cut its 2015 inflation forecast.ECB chief Mario Draghi told a news conference that the central bank had increased its area-wide growth forecast to 1.5 percent in 2015, 1.9 percent in 2016 and 2.1 percent in 2017.At the same time, inflation was set to come out at zero this year, lower than previously projected. ...
Russian inflation hits 16.7pc in fastest spike in over a decade MOSCOW: Russian inflation reached 16.7 percent in February as lower oil prices and Western sanctions over Ukraine caused the biggest jump in prices over one year since 2002, the state statistics service said Thursday.Prices rose a further 2.2 percent in February after leaping 3.9 percent in January -- a rate unseen in 16 years -- as the economy remains fragile after the ruble at the end of last year lost half its value against the ...
US factory orders fall for 6th straight month WASHINGTON: US factory orders fell for a sixth straight month in January despite strong orders in the crucial civilian aircraft sector, the Commerce Department reported Thursday.Overall factory orders dropped 0.2 percent from December to $470 billion, slower than December's 3.5 percent fall.Excluding the transportation sector -- heavily dominated by cars and aircraft sales -- new orders decreased by 1.8 percent in the month. Car sales were flat.There was some strength in the report however. Manufactured ...
ECB more optimistic on growth, stays tough on Greece NICOSIA: The European Central Bank expressed confidence Thursday that its bond buying programme, which begins next week, would help drive the eurozone economy out of its doldrums, but the bank retained its tough-talking stance on Greece. At the ECB's regular policy meeting, held in Nicosia, Cyprus this time instead of the usual venue of Frankfurt, the governing council voted to hold its key interest rates steady at their current all-time lows. And ECB chief Mario ...
China extends military splurge with 10.1pc budget increase BEIJING: China unveiled a fresh double-digit spending boost for its military -- the world's largest -- on Thursday with a 10.1 percent increase in 2015, as it pursues a series of territorial disputes with its neighbours.Beijing plans to raise its military spending to 886.9 billion yuan ($141.4 billion), according to a budget report to the annual session of the National People's Congress (NPC), the communist-controlled legislature.The figure is a five-year low, but China has for ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln