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German jobless rate unchanged in August: data FRANKFURT: Unemployment in Germany stagnated in August, as clouds continue to build over Europe's biggest economy, official data showed on Thursday. The unemployment rate stood at 6.7 percent in seasonally adjusted terms in August, unchanged from July, while the number of people registered as unemployed edged up by 2,000, the Federal Labour Office said in a statement.That took analysts by surprise. They had projected a decline of around 5,000. "The German economy shrank by 0.2 percent in the second quarter. Weak exports and investment could not be offset by stable consumption, which means that the continual growth seen in the preceding four quarters was halted," the labour office said in a statement. "External economic uncertainty is having an increasing effect, notably the conflicts in the Middle East and Ukraine," the office continued. "The signs for the third quarter are also very subdued. Developments on the labour market, however, are still ...

Indonesia cuts Sept palm export tax to 9pc JAKARTA: Indonesia, the world's top producer of palm oil, lowered its export tax for crude palm oil to 9 percent for September from 10.5 percent in August, an industry ministry official told Reuters on Thursday. For cocoa, the government left the export tax unchanged at 10 percent, said Abdul Rochim, director of food and fisheries industry at Industry Ministry.Copyright Reuters, 2014 ...
EU awards 164,000 T Ukrainian wheat imports this week PARIS: The European Union this week awarded licences to import 164,000 tonnes of Ukrainian wheat under a duty-free quota created this year as part of a trade deal between the bloc and Kiev, data from French farm office FranceAgriMer showed on Thursday. The award leaves around 18,614 tonnes Ukrainian wheat available under the quota, which was opened in April and allowed for 950,000 tonnes of Ukrainian wheat to be imported by Oct. 31.An equivalent quota ...
Greece's PPC H1 net profit drops 24pc, hurt by provisions ATHENS: Greece's dominant power utility PPC reported a bigger/smaller-than-expected drop in first-half net profit, weighed down by increased provisions for overdue bills and tariff cuts. Net profit dropped 24 percent to 96.3 million euros (127 million US dollar), down from 127.1 million euros in the same period last year, the company said on Thursday. Analysts in a Reuters poll had forecast on average a net profit of 105.9 million euros. Bad debt provisions rose 32 ...
Spain final Q2 GDP 0.6pc q/q, 1.2pc y/y MADRID: The Spanish economy grew 0.6 percent in the second quarter on a quarterly basis, as forecast in a flash estimate and after growing by a 0.6 percent in the first quarter, final official data showed on Thursday. On an annual basis the economy grew by 1.2 percent, in line with consensus and 1.2 percent growth in the previous quarter.Copyright Reuters, 2014 ...
Philippine economy rebounds, joins Asia top performers MANILA: The Philippine economy rebounded to post 6.4-percent growth in the second quarter and regain its status as one of the strongest in Asia, authorities said Thursday.The private sector took the lead as the economy recovered from a relatively modest expansion of 5.6 percent in the first quarter, which was partly due to the impact of devastating natural disasters, economic chiefs said."This higher growth rate, coming from a high base a year ago, shows that ...
South Korea July current account surplus inches up SEOUL: South Korea's seasonally adjusted current account surplus rose slightly in July from June but imports grew for a third consecutive month, central bank data showed on Thursday, a sign of improving domestic demand. Asia's fourth-largest economy posted a current account surplus of $6.74 billion in July in seasonally adjusted terms, up from a revised $6.32 billion surplus in June, Bank of Korea data showed. The goods-account surplus slid in July from June as imports ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln