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Indonesia's October loan growth slows to 12.6pc JAKARTA: Indonesia's loan growth in October slowed to 12.6 percent from a year earlier, compared with 13.2 percent in September, the financial services authority said on Friday.Loan growth has slowed since the central bank tightened monetary policy from June to November last year, raising the benchmark interest rate 175 basis points to 7.5 percent.Bank Indonesia in November raised interest rates for the first time in a year, increasing it by 25 basis points to 7.75 percent.Indonesia's broad money supply (M2) in October rose 12.5 percent year-on-year, compared with September's revised money supply growth of 11.9 percent.Copyright Reuters, 2014 ...

Anti-austerity, free trade protest snarls Brussels EU quarter BRUSSELS: Some 1,000 protestors against austerity and a massive EU-US free trade deal surrounded the main European Union buildings in central Brussels Friday, snarling rush-hour traffic as police closed roads.The protest, bringing together farmers on their tractors and various environmental groups, was meant to coincide with the second day of an EU leaders summit but that wrapped up late Thursday instead.On a normally busy road junction next to the European Commission's imposing headquarters building, the ...
German consumer confidence grows at year-end: survey BERLIN: Consumer confidence in Germany saw a boost in December as shoppers hit the stores for Christmas and looked ahead to the new year with optimism, a poll found on Friday.After stabilising in November following several months of decline, "consumer sentiment showed solid development in December," market research company GfK said in a statement."The consumer climate is continuing its upward trend." Looking ahead to 2015, GfK's headline household confidence index was forecast to rise to ...
Saudi oil supplies to China seen flat for 2nd year BEIJING: Saudi Aramco is expected to keep crude oil supply to China under an annual contract largely unchanged next year, the second year of flat demand as Chinese refiners anticipate ample supplies in the spot market and lack of new refining capacity.Contractual volumes from the world's top exporter is set at around 1.1 million barrels per day for 2015, though there maybe some variations in the actual amount of oil to Chinese refiners, traders with ...
India's 2014/15 GDP growth seen at around 5.5pc NEW DELHI: India's economy is expected to grow at around 5.5 percent in the fiscal year to March 2015, the finance ministry said in a report tabled in parliament on Friday.If the forecast materialises, it would mark an improvement from two successive years of below 5 percent growth.In the first six months of the fiscal year, Asia's third-largest economy grew an annual 5.5 percent.Copyright Reuters, 2014 ...
US officials see progress in China trade talks WASHINGTON: The United States and China wrapped up high-level trade talks Thursday in Chicago, with US officials hailing progress in a range of areas including medicines, intellectual property rights and agriculture.Secretary of Commerce Penny Pritzker said the two sides had "very productive" talks in the annual high-level forum aimed at addressing bilateral trade and investment issues between the world's two largest economies.At a post-meeting news conference, Pritzker acknowledged that the US side did not get ...
US jobless claims point to firmer labor market WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continued to strengthen.Initial claims for state unemployment benefits dropped by 6,000 to a seasonally adjusted 289,000 for the week ended Dec. 13, the Labor Department said on Thursday.The report came a day after the Federal Reserve offered an upbeat assessment of the labor market and the broader economy, and signaled it could start raising interest rates ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln