Just in:  

You are here: Home»World»Business & Economy

Global Business & Economy


UK retail sales rebound strongly in October driven by furniture LONDON: British retail sales grew much more strongly than expected in October after a heavy fall in September, driven by purchases of furniture after the country's housing market picked up speed earlier this year, official figures showed on Thursday.Retail sales volumes rose 0.8 percent on the month after a fall of 0.4 percent in September, which had been their weakest performance since January as mild weather put shoppers off buying winter clothes, the Office for National Statistics said.Clothing sales remained weak as mild weather continued in October.Total sales rose 4.3 percent in October compared with the same month last year, the ONS said.Economists had expected a rise of 0.3 percent on the month and a gain of 3.8 percent on the year.In the three months to October, a smoother reading than the often volatile monthly changes, sales rose 0.4 percent, picking up speed from a gain of 0.2 percent in ...

Japan exports grow strongly in Oct, cutting economic gloom TOKYO: Japanese exports grew in October at the fastest pace in eight months, an encouraging sign that global demand could help the country recover from recession and support the central bank's optimistic economic outlook.The 9.6 percent annual rise in exports in October was more than double the 4.5 percent gain expected by economists in a Reuters poll and faster than September's 6.9 percent year-on-year increase.In another sign that the world's third-largest economy is regaining its ...
Eurozone growth at 16-month slow point: survey BRUSSELS: Growth in the eurozone has slowed to its slowest pace in 16 months as new orders dipped, survey company Markit said Thursday, raising pressure on policymakers to crank up measures to support the economy.Markit's flash reading of its composite purchasing managers' index (PMI) for the eurozone in November came in at 51.4 points, down from 52.1 in October. A reading above 50 indicates growth. Such surveys of businesses are the most current reading of ...
Ukraine's central bank sees inflation reaching 25pc in 2014 KIEV: Ukrainian Central Bank chief Valeria Gontareva on Thursday set a new forecast for 2014 consumer price inflation of 25 percent against a previous estimate of 19 percent.Year-on-year, the consumer price index rose to 19.8 percent in October from 17.5 percent in September, according to the state statistics service.Copyright Reuters, 2014 ...
Merger fever back on Wall Street NEW YORK: Mega-merger fever is back on Wall Street, six years after the financial crisis, and 2014 is shaping up as a record year for takeovers in a sign of US corporate optimism.In rapid succession on Monday, pharmaceutical giant Actavis said it would pay $66 billion for Allergan, which makes the wrinkle-eraser Botox, and oilfield services company Halliburton said it would take over rival Baker Hughes for $34.6 billion.Times have never been riper for big ...
Japan October trade deficit narrows sharply on export boost TOKYO: Japan's trade deficit narrowed sharply in October, data showed Thursday, as a weaker yen boosted exports while lower oil prices brought down the country's massive energy bill.The figures marked a bright spot among otherwise gloomy data lately, including GDP figures earlier this week that showed the world's number-three economy had slipped into recession.Japanese exports jumped nearly 10 percent last month, as higher shipments of cars, ships and steel helped the trade balance, while imports ...
S&P sounds warning on Chinese property sector, Russian banks LONDON: Credit rating agency Standard and Poor's said on Wednesday that China's over-priced and over-supplied property market and capital-starved Russian banks were likely to face further downgrades in the coming years.In two new emerging market-focused reports, S&P said Chinese property ratings were likely to be hit more than other large markets in Asia, while like in Russia banks in Turkey, South Africa and Brazil also faced difficulties.S&P said in the property report that ratings in ...


Index Closing Chg%
Arrow DJIA 17,817.90 0.04
Arrow Nasdaq 4,754.89 0.29
Arrow S&P 2,069.41 0.29
Arrow FTSE 6,729.79 0.31
Arrow DAX 9,785.54 0.54
Arrow CAC-40 4,368.44 0.49
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,893.14 1.95
Arrow Sensex 28,499.54 0.58

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln