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UK earnings rise again, unemployment rate stable LONDON: British workers' earnings grew more than inflation again in October, giving some help to Prime Minister David Cameron to tackle criticism of a cost-of-living crisis ahead of national elections in May.Official data also showed the unemployment rate remained unchanged at 6.0 percent in the three months to October, matching its lowest level in six years but slightly above a forecast of 5.9 percent in a Reuters poll.A fall of 63,000 unemployed people was the smallest decline since the three months to September 2013.As well as Britain's political leaders, the Bank of England is keeping a close eye on labour costs as it considers when to start raising interest rates.Pay for workers in Britain has only recently shown signs of picking up after lagging inflation for most of the period since the financial crisis, putting the cost of living at the heart of the opposition Labour party's message to voters.The ...

Brazil's Levy does not rule out increasing tax on domestic fuel RIO DE JANEIRO: Brazil's incoming finance minister Joaquim Levy on Wednesday vowed to swiftly adjust fiscal policies by cutting government expenses and possibly raising taxes, including a so-called CIDE tax on domestic fuel sales.Levy said that a "firm and balanced" fiscal adjustment should have a quick positive impact on economic growth."Implementing the necessary measures without taking too long helps keep jobs," he said in an interview with Globo TV.Brazil's economy has stagnated this year as ...
Romania may seek new arrangement with IMF after deal expires: PM BUCHAREST: Romania could negotiate a new type of arrangement with the International Monetary Fund (IMF) once its standby aid deal expires next year, Prime Minister Victor Ponta said on Wednesday.The IMF came to Romania's rescue in 2009 after a real estate bubble burst and plunged the eastern European country into economic turmoil. In a series of deals since then, Romania was nudged into cutting its fiscal deficit and make reforms, and some investors are jittery ...
British unemployment rate steady at 6.0pc LONDON: Britain's unemployment rate has remained at a five-year low of 6.0 percent while wages are rising, official data showed on Wednesday.The rate for the July-September period compares with 6.2 percent for the three months to the end of October, the Office for National Statistics said in a statement.The number of unemployed meanwhile dropped by 455,000 to 1.96 million, the ONS added.Wages excluding bonuses rose 1.4 percent in the reporting period. Britain's economy is outperforming ...
Philippine Q4 growth will likely be better than Q3 MANILA: Philippine economic growth in the last three months of the year will likely be better than the third quarter, Socieconomic Planning Chief Arsenio Balisacan said on Wednesday, citing positive results of the latest business and consumer confidence surveys.Balisacan also said the economic impact of typhoon Hagupit, which damaged more than 1 billion pesos ($22.36 million) worth of crops and farm-related infrastructure, will be "negligible."Annual growth in the September quarter was 5.3 percent. Manila has ...
Japan trade deficit shrinks again November, but exports weak TOKYO: Japan's trade deficit in November shrank by nearly a third from a year ago, helped by higher exports and falling oil bills, although the volume of shipments to foreign markets remained weak, official data showed Wednesday.The figures come after Japanese Prime Minister Shinzo Abe swept weekend elections he had billed as a referendum on his programme to kickstart growth.The two-year old policy blueprint took a hit after an April sales tax rise slammed the ...
Taiwan's ailing economy major challenge for leadership hopefuls TAIPEI: As baker Lin Hsiao-an sits hoping for more customers to save her beloved but shrinking business she rails against Taiwan's leaders for the slowing economy that has turned many angry voters against the government ahead of presidential elections.Lin, 36, opened her Taipei cake shop 10 years ago with high hopes for her creative designs. But after a promising start she was forced to lay off four staff and relocate to her apartment to save ...


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