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German trade surplus down in January FRANKFURT: Germany's trade surplus narrowed slightly in January, as imports grew faster than exports, official data showed on Tuesday. In seasonally adjusted terms, Germany exported goods worth 94.5 billion euros ($131 billion) in January, up from 92.5 billion euros in December, the federal statistics office Destatis said in a statement.Imports rose more strongly, to 77.3 billion euros from 74.2 billion euros. That meant the seasonally adjusted trade surplus -- the balance between imports and exports -- decreased. In unadjusted terms, however, the trade surplus increased, to 15.0 billion euros in January from 13.9 billion euros in December, as both exports and imports increased, Destatis said.Copyright AFP (Agence France-Presse), 2014 ...

Rwanda urban inflation rises to 3.45pc in Feb KIGALI: Rwanda's urban inflation increased to 3.45 percent in the year to February from 2.43 percent in the previous month, the statistics office said on Tuesday. Underlying inflation, which excludes fresh food and energy prices, increased by 0.30 percent from the previous month, the National Institute of Statistic. Copyright Reuters, 2014 ...
China firm in landmark bond default to sell assets SHANGHAI: The first company in China to default on a corporate bond said Tuesday it would sell assets in a bid to meet interest payments as possible bankruptcy looms.Shanghai-based Chaori Solar Energy Science & Technology Co. on Friday confirmed the landmark default on interest payments of 89.8 million yuan ($14.7 million) for a five-year bond issued in 2012.Analysts say China's first ever onshore corporate bond default could benefit the market in the long term by ...
World Bank ready to provide $3 billion aid to Ukraine WASHINGTON: The World Bank said Monday it was prepared to offer $3 billion in new aid to Ukraine this year to help it advance reforms and support crucial development projects.The Bank said it "stands ready to continue supporting the Ukrainian people" after receiving a request for assistance from the interim government in Kiev, which took power last month after the ouster of President Viktor Yanukovych."We are committed to supporting the people of Ukraine in these ...
Qatar defends foreign policy in face of Gulf anger DOHA: Qatar defended its independent foreign policy Monday after Saudi Arabia and two other Gulf countries recalled their envoys from Doha accusing it of meddling in their internal affairs."Our policy is based on openness towards all, and we do not want to exclude anyone," Foreign Minister Khalid al-Attiya said during a visit to Paris, in remarks aired by Doha-based Al-Jazeera television.Saudi Arabia, the United Arab Emirates and Bahrain recalled their ambassadors last week in a ...
EU edges towards renewable energy targets BRUSSELS: The European Union is making steady progress towards its 2020 renewable energy target, a key effort in curbing the greenhouse gas emissions blamed for global warming, official data showed Monday.Renewables -- predominantly wind but including tidal and biomass sources as well -- accounted for 14.1 percent of the EU's energy consumption in 2012, up from 13 percent in 2011, the Eurostat statistics bureau said. The EU has set itself a 20-percent target for renewable ...
Philippines Feb rice stocks hit lowest in 4 months, more imports likely MANILA: Overall rice stocks in the Philippines fell to their lowest in four months in February, data showed on Monday, increasing pressure on Manila to import more of the national staple. The country has been expected to ship in more rice to boost supply as it battles local prices that have risen for seven straight weeks, with speculation rife on the timing and size of any tender. But the National Food Authority (NFA), the Philippines' ...


Index Closing Chg%
Arrow DJIA 16,804.71 1.40
Arrow Nasdaq 4,422.09 1.59
Arrow S&P 1,946.16 1.32
Arrow FTSE 6,557.52 0.98
Arrow DAX 9,382.03 0.97
Arrow CAC-40 4,365.27 1.15
Arrow Nikkei 16,082.25 0.56
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,567.99 0.23

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln