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Australia cenbank says lower A$ from last year to help economy SYDNEY: Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent said on Friday that a lower exchange rate compared with levels seen last year, if sustained, will help economic growth.Kent also play down Thursday's surprisingly weak jobs data, saying unemployment tended to lag activity. He added that there were reasonable prospects for non-mining investment to pick up next year.Kent made those remarks in Sydney at a Q&A after giving a speech. Copyright Reuters, 2014 ...

New Argentine index acknowledges sky-high inflation BUENOS AIRES: After years of masking inflation, Argentina's government launched a new index Thursday that showed a sky-high 3.7 percent rise in prices in January alone.The new index could bring the country closer to resolving a festering dispute that has strained relations between the government, facing difficult financial challenges, and the International Monetary Fund, the global crisis lender.Released by Economy Minister Axel Kicillof, the new data marked the first time in years that official statistics ...
US retail sales sag in January WASHINGTON: US retail sales fell unexpectedly for the second straight month in January, dragged down by a drop in auto sales, government data showed Thursday.Retail and food service sales dropped 0.4 percent from December, the Commerce Department said.Excluding auto sales, retail sales were flat in January. Sales of motor vehicles and parts tumbled 2.1 percent.The department also revised December's reading down to a decline of 0.1 percent, from the prior estimate of a 0.2 percent ...
ECB survey sees lower eurozone inflation in 2014, 2015 FRANKFURT: Eurozone inflation will remain below target in the next few years, and growth will speed up, a survey by the European Central Bank forecast on Thursday. In its regular quarterly survey of professional forecasters, the ECB found that inflation in the 17 countries that share the euro was expected to reach an annual average 1.1 percent this year.Inflation would then pick up to 1.4 percent in 2015 and 1.7 percent in 2016, the ECB ...
German inflation eases in January FRANKFURT: The rate of inflation in Germany, Europe's biggest economy, inched lower in January, final official data showed on Thursday. The cost of living rose by 1.3 percent on a 12-month basis this month, compared with 1.4 percent in December, the federal statistics office Destatis said in a statement.Using the Harmonised Index of Consumer Prices (HICP), the European Central Bank's inflation yardstick, inflation in Germany stood at 1.2 percent in January, the same rate as ...
Congress extends US borrowing authority until 2015 WASHINGTON: Lawmakers approved a 13-month extension of US borrowing authority with no strings attached Wednesday, shelving a fractious political debate over the nation's debt ceiling until after November's mid-term elections.With last-minute help from Republican leaders to overcome a blocking effort, the Senate passed the legislation 55-43, marking a dramatic victory for President Barack Obama, who had demanded a debt ceiling hike with no political riders or other legislation attached.The measure, which cleared the House of ...
Japan Q4 growth seen quickening on shopping spree before tax hike TOKYO: Japan's economic growth is expected to have quickened at the end of last year as consumers ramped up spending ahead of a planned sales tax hike, but analysts say that Tokyo may have to inject fresh stimulus to brighten the outlook. Lukewarm exports and wages growth have undercut some of the economic gains of the past year, and recent turmoil in emerging markets have also raised worries that Japanese shipments may fail to pick ...


Index Closing Chg%
Arrow DJIA 17,131.97 0.59
Arrow Nasdaq 4,552.76 0.75
Arrow S&P 1,998.98 0.75
Arrow FTSE 6,792.24 0.18
Arrow DAX 9,632.93 0.28
Arrow CAC-40 4,409.15 0.44
Arrow Nikkei 15,911.53 0.23
Arrow H.Seng 24,136.01 0.91
Arrow Sensex 26,492.51 1.21

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln