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China growth slows to 6.9pc in second quarter: AFP survey BEIJING: China's GDP growth likely slowed further in the second quarter, an AFP survey has found, as a slowdown in investment and trade weighed on the world's second-largest economy. The median forecast in a poll of 14 economists indicates gross domestic product (GDP) expanded 6.9 percent in April-June, marginally down from 7.0 percent in the first three months of this year. That would be the worst quarterly result since the first three months of 2009, in the depths of the global financial crisis, when China's economy expanded by 6.6 percent.The National Bureau of Statistics (NBS) will release the official GDP figures for the first quarter of 2015 on Wednesday. China's volatile stock markets have grabbed headlines this month after the benchmark Shanghai Composite Index fell more than 30 percent in less than four weeks, before reversing course in the last two trading days.But economists are focused on more fundamental issues ...

Australia's unemployment rate edges up to 6.0pc SYDNEY: Australia's jobless rate inched up to 6.0 percent in June, official data showed Thursday, as more people entered the labour force and amid signs that companies were hiring additional workers.Some 7,300 jobs were added to the economy, according to the Australian Bureau of Statistics, with 24,500 new full-time roles and 17,200 fewer part-time positions.The seasonally adjusted data was slightly better than what economists expected. Analysts had forecast the unemployment rate to edge up to ...
China consumer inflation rate rises to 1.4pc in June: govt BEIJING: The consumer inflation rate in China rose to 1.4 percent in June, authorities said Thursday, though economists cautioned further stimulus was needed in the world's second-largest economy as upward price pressures remained subdued.The reading for the consumer price index (CPI), a main gauge of inflation, released by the National Bureau of Statistics (NBS) was higher than May's 1.2 percent and slightly above the median estimate of 1.3 percent in a Bloomberg News survey of ...
TPP deal could be sealed in the next month: Australia SYDNEY: Australian Trade Minister Andrew Robb Thursday said a massive Pacific trade pact could be concluded in the "next three to four weeks" when the 12 nations involved are due to meet.Expectations that the Trans-Pacific Partnership (TPP), an accord that would encompass 40 percent of global trade, would be sealed this year increased after US President Barack Obama was last month given fast-track authority by Congress to negotiate such deals."The critical thing was for the ...
Indonesian exports relieve robusta coffee tightness in Europe LONDON: A weak rupiah currency and a larger crop are boosting Indonesia robusta coffee shipments to Europe, alleviating short term supply tightness caused by Vietnamese producers hoarding. Top producer Vietnam and third biggest grower Indonesia are the leading suppliers of robustas, mainly used for instant coffee, to the European market. Robusta coffee bean exports from Indonesia's main coffee growing area in Sumatra rose 22.1 percent from a year earlier in June, and European traders said ...
German factory orders slip in May FRANKFURT: German industrial orders, a key measure of demand for goods in Europe's top economy, slipped slightly in May, the economy ministry said on Monday. Provisional official data showed a decrease of 0.2 percent month-on-month, following an increase of 2.2 percent in April. Analysts polled by financial services firm FactSet had pencilled in a slightly bigger drop of 0.4 percent for May.The decline was attributable to weaker domestic demand for German-made goods. Domestic orders fell ...
Berlin sees no automatic need for Greek debt restructure BERLIN: Germany said Friday that figures released by the International Monetary Fund on Greece's critical financing needs "by no means" automatically necessitate restructuring of its huge debt.Finance Ministry spokesman Martin Jaeger said despite IMF data published a day earlier that painted a grim overall fiscal picture, "by no means can one deduce that a debt restructure is imperatively required."Days before Greeks vote in a referendum on whether to accept its bailout terms, the IMF said ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln