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South Korea Nov department store sales fall most in 22 months SEOUL: Sales at South Korea's top department stores fell in November by the fastest pace in nearly two years on an annual basis, official data showed on Sunday, adding to concerns that Asia's fourth-largest economy is losing steam. Combined sales last month at department stores run by the top three chain operators fell 6.5 percent from a year earlier, according to industry and energy ministry data. That was the biggest decline since January 2013. November was the third month in a row that sales dropped, and the annual fall was further than the 5.6 percent estimated by the finance ministry on Dec. 9. Sales declined 2.2 percent in October and 6.3 percent in September. South Korea's top three department-store chain operators are Hyundai Department Store, Lotte Shopping and Shinsegae Co. The industry ministry also said sales at major discount-store chains fell a combined 4.7 percent in November from a year ...

China's trade growth seen falling short of target in 2014 SHANGHAI: China's trade will grow 3.5 percent in 2014, implying the country will fall short of a current 7.5 percent official growth target, according to a report on the Ministry of Commerce's website that was subsequently revised to remove the numbers.The initial version of the report published on the website on Saturday, which quoted Minister of Commerce Gao Hucheng, was replaced with a new version that had identical wording but with all the numbers and ...
Maduro congratulates Castro brothers on new ties with US HAVANA: Venezuelan President Nicolas Maduro, a frequent critic of the United States, congratulated the Castro brothers Friday on Cuba's rapprochement with Washington, but warned that the embargo on the island would remain for a long time.This month's historic announcement that the United States and Cuba were restoring diplomatic relations after half a century of hostility undercuts the stridently anti-American stance Maduro has adopted as his country slides into a deepening economic crisis.Venezuela had long found ...
Ukraine current account deficit shrinks to $4.49bn in Jan-Nov KIEV: Ukraine's current account deficit for the first 11 months of the year stood at $4.49 billion compared with $14.66 billion in the same period last year, the central bank said on Friday. The deficit fell year-on-year because of a sharp drop-off in imports of goods, down almost 27 percent year-on-year in January to November, while exports fell only around 13 percent. Copyright Reuters, 2014 ...
Japan inflation slows and output slips, keep BoJ under pressure TOKYO: Japanese annual core consumer inflation slowed for a fourth straight month in November due largely to sliding oil prices, highlighting the challenges the central bank faces in achieving its 2 percent inflation target. Factory output unexpectedly fell and real wages marked the steepest drop in five years, underscoring the fragility of the recovery and dealing a blow to premier Shinzo Abe's stimulus policies aimed at pulling the economy out of stagnation. The core consumer ...
China says end-Sept foreign debt edges down to $894.8bn BEIJING: China's outstanding foreign debt stood at $894.8 billion at the end of September, the country's foreign exchange regulator said on Friday, a drop from $907.2 billion at the end of June.China had total short-term foreign debt of $709 billion and medium- and long-term debt of $185.9 billion at the end of September, the State Administration of Foreign Exchange (SAFE)said in a statement.Copyright Reuters, 2014 ...
Thailand approves $643mn in investment for 13 projects BANGKOK: Thailand's investment agency said on Thursday it has approved applications for 13 projects worth 21.15 billion baht ($643 million), many involving renewable energy and power plants, as the pace of investment recovers after political turmoil early in the year.The latest approvals bring this year's total to 766.2 billion baht ($23.30 billion), from 1 trillion baht in applications, the Board of Investment said. Total applications for the year are forecast to reach 1.3 trillion baht, ...


Index Closing Chg%
Arrow DJIA 16,776.43 1.85
Arrow Nasdaq 4,781.27 1.56
Arrow S&P 1,987.05 1.83
Arrow FTSE 6,298.92 2.76
Arrow DAX 9,814.79 2.74
Arrow CAC-40 4,616.90 3.54
Arrow Nikkei 18,005.49 1.58
Arrow H.Seng 21,854.50 1.62
Arrow Sensex 26,785.55 2.15

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln