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India's core inflation eases to around 5.2pc in Dec MUMBAI: India's core consumer price index (CPI) was estimated to have risen around 5.2 percent in December from a year earlier, lower than a rise of around 5.5 percent in November, according to a Reuters snap survey of three analysts on Monday.Earlier, India said the headline annual consumer price inflation accelerated to 5 percent, compared with a 4.4 percent print in November. Copyright Reuters, 2015 ...

OECD indicator signals stable growth; Germany flagging PARIS: International economic growth is set to remain stable across the OECD area as a whole and in the euro zone, despite signs that Germany, Europe's largest economy, is losing steam, the Organisation for Economic Co-operationa and Development said.The Paris-based OECD's monthly leading indicator showed further signs of slowing in Germany and Italy but stability in the euro zone, of which both are part. The indicator covers the 33-country OECD and seeks to flag turning ...
China to raise consumption tax on oil products BEIJING: China will raise consumption tax on oil products from Tuesday, the Ministry of Finance said on Monday.Consumption tax on gasoline, naphtha, solvents and lubricants will be raised 0.12 yuan per litre to 1.52 yuan ($0.245) per litre, while consumption tax on diesel, jet fuel and fuel oil will be raised by 0.10 yuan per litre to 1.2 yuan per litre ($0.193), the ministry said on its website. Copyright Reuters, 2015 ...
India defends pace of change, promises faster growth GANDHINAGAR: India's government defended itself on Monday against critics who accuse it of being too slow with reforms needed to reboot a lacklustre economy, and top officials told investors the country was already heading for faster growth.Prime Minister Narendra Modi was elected last year on hopes he would revive a languishing economy. But with industrial output making only a tepid recovery, investors are asking how much substance there is behind his promises of reform."The mood ...
Tesco to close down 13 shops in Hungary BUDAPEST: Tesco will close 13 shops in Hungary in order to remain profitable for the long term, it said in a statement on Monday. Tesco, which is in a cost-cutting drive, is Hungary's biggest supermarket chain and third-biggest employer. In Hungary, Tesco and other major retailers were hit with a steep rise in food inspection costs and a new law that would force the closure of loss-making chains after two successive years in the red. ...
Turkey's 2014 growth to be around 3pc ISTANBUL: Turkey's economic growth in 2014 is expected to be around 3 percent, Finance Minister Mehmet Simsek said, below an official target of 3.3 percent in the country's medium-term programme. The budget deficit is expected to be 24.5 billion lira ($10.7 billion) for the same year, Simsek told broadcaster NTV, which corresponded to 1.4pc of GDP.Copyright Reuters, 2015 ...
Russia's Magnit says December sales rise 37.3 percent MOSCOW: Russia's biggest food retailer Magnit said on Monday sales rose by 37.3 percent in December, year-on-year, to 87.4 billion roubles ($1.4 billion), after a 33.2 percent rise in the previous month. The retailer said in a statement retail revenue for 2014 increased by 31.61 percent to stand at 762.7 billion roubles. The company opened 204 stories in December, it added. Copyright Reuters, 2015 ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,337.64 0.96
Arrow DAX 11,169.54 2.15
Arrow CAC-40 4,892.99 1.51
Arrow Nikkei 19,847.58 0.39
Arrow H.Seng 22,498.00 0.40
Arrow Sensex 25,775.74 0.17

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln