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Turkish 2014 c/a deficit seen below $50bn ANKARA: Turkey's current account deficit will end the year below $50 billion at around 5.5 percent of gross domestic product if growth in exports, output and employment continues, Economy Minister Nihat Zeybekci said. This will support a fall in annual inflation to below 7 percent next year, Zeybekci told reporters late on Tuesday, down from a current consumer price inflation level of 9.16 percent. Copyright Reuters, 2014 ...

Australian inflation rises 0.5pc in quarter SYDNEY: Australian inflation rose 0.5 percent in the three months to June, new figures showed Wednesday, giving the country's central bank room to keep interest rates at a record-low to support the economy.The consumer price index (CPI) had lifted 0.6 percent in the previous quarter, the Australian Bureau of Statistics (ABS) said.The latest figures took the annual rate of inflation to 3.0 percent, up from 2.9 percent in the year to March. But it remained ...
British state borrowing declines in June: data LONDON: British state borrowing fell only slightly last month, official data showed on Tuesday.Public sector net borrowing, the government's preferred measure of the deficit, dipped to £11.4 billion ($19.5 billion, 14.4 billion euros) in June.The figure, which excludes financial sector intervention measures and transfers from the Bank of England's cash stimulus scheme, compared with £11.5 billion in the same month of 2013."The public finances were essentially only stable year-on-year in June after stripping out all ...
Eurozone debt rises sharply: Eurostat BRUSSELS: Eurozean public debt -- the accumulated total of government budget deficits and borrowing -- rose sharply earlier this year, reversing a downtrend when the economic crisis eased, official figures showed on Tuesday.The 28 European Union states are supposed to keep total public debt below the equivalent of 60 percent of annual economic output, while annual budget deficits must not exceed 3.0 percent.For years however these limits have been breached and total debt increased sharply ...
Swiss exports rise in June, but demand from Europe softens ZURICH: Switzerland's exports rose in June, partly due to an increase in sales of chemical and pharmaceutical products, the largest export category, data from the Federal Customs Office showed on Tuesday.A cap on the Swiss franc imposed by the central bank almost three years ago has helped protect exporters, but weak demand Europe, the country's largest trading partner, continues to drag on sales.Exports rose an inflation-adjusted 2.2 percent year-on-year in June to 16.866 billion Swiss ...
Euro zone's debt rises in first quarter, set to peak this year BRUSSELS: Euro zone public debt rose to 93.9 percent of economic output in the first quarter of this year, approaching the peak it is expected to reach later in 2014, official data showed on Tuesday.Government debt of the 18 countries sharing the euro stood at 9.055 trillion euros ($12.21 trillion) in the first three months of this year, compared to 8.905 trillion euros in the last quarter of 2013, the EU's statistics office Eurostat said.The ...
Spain reports record number of visitors in first half MADRID: A record 28 million foreign tourists flocked to Spain during the first half of the year, with British and German holidaymakers leading the wave, the government said on Monday.The number of foreign visitors was up 7.3 percent over the figure for the same time in 2013, when the country set a new record for tourist arrivals, the tourism ministry said.Tourism is a main pillar of Spain's economy, struggling to gain strength after a decade-long ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln