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Eurozone inflation slows to 0.2pc, unemployment stable BRUSSELS: Inflation in the eurozone slowed to 0.2 percent in June, official data showed on Tuesday, with consumer prices rising just slightly in Europe despite unprecedented stimulus measures by the European Central Bank.In May, the index had risen by 0.3 percent, with plummeting energy costs once again affecting the cost of living in the 19-nation currency union, the EU statistics agency Eurostat said.Unemployment remained stable at 11.1 percent in May compared to April, Eurostat said, and down from 11.6 percent a year before.Copyright AFP (Agence France-Presse), 2015 ...

German retail sales rise 0.5pc in May: data FRANKFURT: German retail sales, a closely watched measure of household confidence, rose in May, official data showed on Tuesday.Retailers' sales increased by 0.5 percent in May compared with April, the federal statistics office Destatis said in a statement.The previous month, retail sales had risen by 1.3 percent. On a 12-month basis, however, business declined, slipping by 0.4 percent in May compared with the same month last year, the statisticians calculated.That was because there were two ...
China media group to sponsor key PMI economic indicator BEIJING: Chinese media group Caixin will take over sponsorship of a key economic indicator previously funded by British banking giant HSBC and which has frequently contradicted official figures, it said Tuesday.The China Purchasing Managers' Index (PMI), compiled by financial information services provider Markit, tracks activity in factories and workshops and is a closely watched barometer of the health of manufacturing in the world's second-biggest economy.The release will be renamed the Caixin China PMI and will ...
US pending home sales hit best pace in over nine years WASHINGTON: US pending home sales rose for the fifth straight month in May, hitting the strongest annual pace in over nine years amid solid nationwide gains, an industry group said Monday.The National Association of Realtors said that contracts signed for home purchases rose 0.9 percent, pushing up its pending home sales index to 112.6 in May from a slight downward revision of 111.6 in April.Sales gains in the Northeast and West, by 6.3 percent and ...
German inflation slows to 0.3pc in June: data FRANKFURT: Inflation in Germany, Europe's biggest economy, slowed noticeably in June with consumer prices rising by just 0.3 percent year-on-year, preliminary data showed on Monday.In May, the index had risen by 0.7 percent on a 12-month basis, the federal statistics office Destatis said in a statement.The reason for the slowdown was a sharp decline in energy prices, the data showed.Using the Harmonised Index of Consumer Prices (HICP) -- the yardstick used by the European Central ...
Spain and Italy's borrowing costs soar on bond markets over Greek crisis PARIS: Spain and Italy's borrowing costs on international bond markets soared at the start of trading on Monday over the Greek crisis.Shortly after the start of trading at 0600 GMT the yield on the benchmark 10-year bonds for Spain rose to 2.720 percent compared with 2.150 percent at close on Friday, while Italy's rose to 2.598 percent, compared with 2.110 percent at close on Friday.Copyright AFP (Agence France-Presse), 2015 ...
Japan factory production down 2.2pc on-month in May TOKYO: Japan's factory output fell a sharper-than-expected 2.2 percent month-on-month in May, reversing a rise in the previous month, official data showed Monday.The reading from Japan's industry ministry was worse than the rise of 1.2 percent posted in April and market median forecasts for a drop of 0.8 percent.The reading came after trade data showed earlier this month that Japan's exports rose a weaker-than-forecast 2.4 percent in May.Analysts had expressed concern about the health of ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln