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China Sept lending beats forecasts but FX reserves point to Q3 outflows BEIJING: Chinese banks made 857.2 billion yuan ($140 billion) worth of new loans in September, data showed on Thursday, beating market expectations in a sign that demand for credit may be picking up.But a drop on China's foreign exchange reserves in the third quarter signalled speculative money outflows amid increased worries about the country' economic slowdown.Economists polled by Reuters had expected new loans totalling 730-735 billion yuan last month, an increase from 702.5 billion yuan in August.The People's Bank of China (PBOC) has been steadily easing policy this year by cutting reserve requirements for selected banks and guiding short-term money market yields lower to help bring down borrowing costs for the real economy.Worries that a sudden fall-off in credit supply could further hobble China's shaky economy were reinforced in July when total social financing - a broad measure for liquidity in China - unexpectedly hit a six-year low."The authorities will ...

China overseas investment almost doubles in September: govt BEIJING: China's overseas investment almost doubled year-on-year to $9.79 billion in September, the government said Thursday, again exceeding incoming funds even though they recovered from multi-year lows.Foreign direct investment (FDI) -- which excludes financial sectors -- into China came in at $9.01 billion for the month, the commerce ministry said, up only 1.9 percent year-on-year but a significant improvement on August's $7.20 billion, the lowest since July 2010.China has been actively acquiring foreign assets, particularly ...
US producer prices fall first time in a year WASHINGTON: US producer prices fell in September for the first time since August 2013, pulled lower by falling energy and food prices, the Labor Department said Wednesday.The producer price index dipped 0.1 percent in September, after a flat reading in August and a 0.1 percent gain in July.Analysts had expected the PPI to rise by 0.1 percent amid tepid price changes on goods and services in the so-called "pipeline" -- before they reach consumers.Year-over-year, producer ...
Portugal's budget meets deficit rules, aims to ease austerity LISBON: Portugal has set itself on a road towards recovery with a 2015 budget deficit well within EU fiscal limits, the second eurozone bailout country after Ireland to begin to emerge from years of austerity.Lisbon will present its budget to Brussels on Wednesday after raising slightly on Tuesday its projected deficit to 2.7 percent of gross domestic product.That is up from the 2.5 percent it had earlier promised lenders, but still below the EU 3.0-percent ...
China inflation slips to near 5-year low, more stimulus measures expected BEIJING: China's consumer inflation slowed more than expected in September to a near five-year low, adding to concerns that global growth is cooling fast unless governments take bolder measures to shore up their economies.While much of the decline was due to falling prices for food, fuel and other commodities, which are benefiting consumers globally, the data also pointed to broad weakness in the world's second-largest economy.Facing mounting risks to growth and rising risks of deflation, ...
Vietnam's trade deficit seen at $582mn in Sept-customs HANOI: Vietnam posted a trade deficit of $582 million in September, slightly below an initial government estimate of a deficit of $600 million, Vietnam Customs said on Wednesday.In August, Vietnam posted a trade surplus of $1.07 billion, according to official data.Exports in September dropped 4.8 percent from August to total $12.634 billion, while imports rose 8.3 percent from the previous month to $13.216 billion, the Finance Ministry-run Customs Department said on its website .Earlier this ...
Poland's unemployment might fall in Oct, says labour minister WARSAW: Poland's unemployment rate might fall in October below the 11.5 percent estimated for September, said Polish labour minister Wladyslaw Kosiniak-Kamysz on Wednesday."Considering the number of new job offers and favorable weather conditions, a slight fall in unemployment rate to 11.4 percent is possible in October," Kosiniak-Kamysz told Reuters.Kosiniak-Kamysz also said he saw the unemployment rate at around 12 percent at the end of 2014. Copyright Reuters, 2014 ...


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln