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Euro inflation expectation gauge falls after US CPI LONDON: A euro zone bond market gauge of inflation expectations fell on Wednesday, tracking a similar move in the U.S. debt market after U.S. consumer prices declined for the first time in nearly 1-1/2 years.The five-year, five-year forward breakeven rate - the European Central Bank's preferred measure of what the market thinks the inflation outlook is - fell to 1.9341 percent from around 1.96 percent before the U.S. CPI report. Traders said that was the lowest since August."The big impact today was that the U.S. inflation print was very low and that has a bearing on other markets to some extent," a trader said."It looks very similar to levels hit in August, which were also similar to lows hit in the euro zone crisis period of 2010 and 2011."Copyright Reuters, 2014 ...

US inflation falls for first time in more than a year WASHINGTON: Consumer prices in the United States fell in August for the first time in more than a year, dragged lower by declines in energy, the Labor Department reported Wednesday.The consumer price index fell 0.2 percent on the month. It was the first decline in CPI since April 2013, surprising analysts who estimated it would be unchanged from July.Excluding volatile food and energy prices, core CPI was flat in August.Food prices edged up 0.2 percent, ...
Banking association cuts forecast for German economic growth BERLIN: Germany's BdB banking association slashed its forecasts for German growth this year and next on Wednesday, saying tensions over Ukraine and crises in the Middle East were hitting business sentiment in Europe's largest economy.The BdB cut its estimate for 2014 growth by 0.3 percentage points to 1.5 percent and slashed its forecast for growth next year to 1.6 percent from 2.0 percent.The German economy steamed ahead at the start of the year thanks to ...
Euro zone inflation slightly exceeds forecasts in August BRUSSELS: An increase in rents and car-repair prices lifted euro zone inflation in August slightly higher than a first estimate, a small piece of good news for the European Central Bank but not one that radically changes the economic outlook.Consumer inflation in the 18 countries sharing the euro rose 0.1 percent month-on-month in August for a 0.4 percent year-on-year increase, the EU's statistics office Eurostat said on Wednesday, revising upwards its initial estimate, from Aug. ...
Sri Lanka July trade deficit widens 55.2pc y/y COLOMBO: Sri Lanka's trade deficit in July widened 55.2 percent to $890.6 million from $573.7 million a year earlier, mainly due to higher imports of fuel, central bank data showed on Wednesday.July exports gained 11.1 percent from a year earlier to $954.7 million, while imports jumped 28.8 percent to $1.85 billion.For the first seven months of 2014, the trade deficit narrowed 11.5 percent to $4.44 billion from $5.01 billion a year earlier.Copyright Reuters, 2014 ...
US mortgage applications rise in latest week: MBA NEW YORK: Applications for US home mortgages rose last week as both purchase and refinancing applications jumped, an industry group said on Wednesday.The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 7.9 percent in the week ended Sept. 12.The MBA's seasonally adjusted index of refinancing applications climbed 10.3 percent, while the gauge of loan requests for home purchases, a leading indicator of ...
China to give more financial aid to small firms BEIJING: China will boost its support for small firms by cutting their taxes, increasing their subsidies and encouraging banks to step up lending to them, Premier Li Keqiang said on Wednesday.Companies with monthly sales revenues between 20,000 yuan and 30,000 yuan ($3,258 and $4,887) will have their tax bills waived, Li told a weekly meeting of the State Council, or cabinet, in remarks published on the government's website.To reward small and micro-sized companies that hire ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln