All
 

 

Just in:  

You are here: Home»World»Business & Economy

Global Business & Economy

Archive

Soft Australian inflation supports low interest rates SYDNEY, Oct 22, 2014 (AFP) - Australian consumer prices rose 0.5 percent in the three months to September, official figures showed Wednesday, as the annual rate of inflation eased after the removal of a controversial carbon tax.The increase in the consumer price index (CPI) in the third quarter was slightly stronger than economists' estimates of 0.4 percent.The new figures took the annual rate of inflation to 2.3 percent, the Australian Bureau of Statistics (ABS) said, down from 3.0 percent in the year to June. The year-on-year rate matched analysts' projections.The softer number keeps inflation within the Reserve Bank of Australia's target range of 2.0 to 3.0 percent and gives the central bank room to maintain its record-low interest rate of 2.5 percent."There's no smoking gun here for the RBA to change their guidance, giving them some time (to maintain) a period of stability at the present time," Citi's chief economist ...

Australian inflation eases after scrapping of carbon tax SYDNEY: Australian consumer prices rose 0.5 percent in the September quarter, official figures showed Wednesday, as the annual rate of inflation eased following the removal of a controversial carbon tax.The increase in the consumer price index (CPI) in the three months to September was slightly stronger than economists' estimates of 0.4 percent.The new figures took the annual rate of inflation to 2.3 percent, the Australian Bureau of Statistics (ABS) said, down from 3.0 percent in ...
Shaky Japanese economy hit by growing trade deficit TOKYO: Japan's shaky economy was dealt another blow Wednesday, as official data showed a widening September trade deficit that puts the world's number-three economy on track to log a record annual shortfall.The worse-than-expected deficit of 958.3 billion yen ($8.96 billion) comes on the back of a string of weak figures and a sharp contraction in the second-quarter, which raised fears that a recovery in Japan's economy has been derailed.The latest numbers translated into a trade ...
China's Sept fiscal spending quickens, land revenues fall BEIJING: Growth in China's fiscal spending in September quickened to 9.1 percent from a year earlier, data showed on Tuesday, as the authorities try to smooth volatile public spending and keep the economy on an even keel.But underscoring the cooldown in the world's second-biggest economy and its housing market, revenues that Chinese governments earned from selling land slumped 21.1 percent in September on a yearly basis.Selling land to developers is a major source of income ...
IMF urges caution in Africa's Eurobond borrowing spree DAR ES SALAAM: The International Monetary Fund (IMF) has warned African countries against rushing to issue Eurobonds, saying they may face exchange rate risks and problems repaying debts.African governments facing falling levels of foreign aid are on a borrowing spree to pay for new roads, power stations and other infrastructure, prompting concern from many analysts that this could raise debt levels and undermine growth."It comes with some risks," the director of the IMF's African Department, ...
India's Modi moves to reform problem-plagued coal industry NEW DELHI: India's government has pledged to open up the coal mining industry to private players in the energy-starved country as Prime Minister Narendra Modi unleashes promised reforms to revive the ailing economy.Modi's right-wing government approved an ordinance late Monday allowing auctions of coal mines to private companies for their own use, as well as permitting some firms to sell the fuel in the future.The ordinance -- or executive order -- takes the first steps ...
China says its economic growth still reasonable BEIJING: China's economic slowdown in the third quarter was due to structural reforms in the nation, a sagging housing market and higher comparison figures from a year ago, the statistics agency said, but noted that growth stayed in a "reasonable range". Sheng Laiyun, spokesman of the National Bureau of Statistics, also said consumption contributed to 48.5 percent of China's economic growth in the first nine months of the year, eclipsing investment which accounted for only ...

 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





where to buy

cheap wedding dresses

online - weddingdresstrend.com


Banking Review 2013


Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln