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India's consumer inflation dips in March MUMBAI: India's consumer inflation fell slightly in March, the government said Monday, raising the prospect of a further cut in interest rates.Retail inflation declined to a lower than expected 5.17 percent in March from 5.37 percent in February, when unseasonal rains pushed up food prices.A dip in global crude oil prices and steady food costs have helped control inflation to around five percent from double digits in 2013, allowing the central bank to cut interest rates twice so far this year to spur growth.But Reserve Bank of India governor Raghuram Rajan kept rates on hold at a scheduled review last week as he waited for commercial lenders to pass on the two previous cuts to customers."It is a good sign that consumer inflation is still in the moderation zone. But the worry about food inflation remains," said Arun Singh, senior economist with Dun & Bradstreet."We need to see the complete ...

Hackers targeted SE Asia, India for last decade: report SINGAPORE: A cyber espionage group most likely sponsored by China has been snooping on governments and businesses in Southeast Asia and India undetected for the last ten years, Internet security company FireEye said Monday.FireEye said the hackers, dubbed APT30, have been systematically stealing "sensitive information" since 2005, targeting governments, corporations and journalists with interest in China."Based on APT30's confirmed targets and their intended victims, the group's interests appear to concentrate on Southeast Asia regional political, ...
South Korea import prices fall at slower pace for 2nd mth in March SEOUL: South Korea's import prices slowed their pace of decline for a second straight month in March but only slightly as weak global commodity markets continued to pressure import prices, central bank data showed on Monday.Import prices in won terms dropped 17.1 percent in March compared to a year earlier, the Bank of Korea said, moderately slowing from a 17.8 percent drop in February.Prices for intermediate goods and raw materials which have the heaviest weightings ...
Canada unemployment rate holds at 6.8pc in March OTTAWA: Canada's unemployment rate remained unchanged at 6.8 percent in March, despite the creation of 29,000 new mostly part-time jobs, the government statistical agency said Friday.Analysts expected the stable unemployment rate, but had forecast fewer net new jobs in the month, following a small loss in February.According to Statistics Canada, employment rose in the western prairie provinces of Saskatchewan and Manitoba.Overall there were more people working in retail and wholesale trade, transportation and warehousing, educational ...
Turkey's economy minister expects no worse than 'neutral' Moody's review ISTANBUL: Turkish Economy Minister Nihat Zeybekci said on Friday he expects at worst a "neutral" assessment from ratings agency Moody's, which is expected to release a review of Turkey's economy later in the day. Zeybekci made the comment in a live interview broadcast on Bloomberg HT television. Copyright Reuters, 2015 ...
Swedish economy still has slack STOCKHOLM: Sweden's economy is growing strongly, but unemployment remains above normal levels, central bank deputy governor Martin Floden said on Friday.The central bank has repeatedly cut its key interest rate over the last couple of years to fight the threat of deflation, with the repo rate now at -0.25 percent despite growth above trend levels. "That fact that growth is expected to be 3 percent this year is partly due to the recent years' monetary ...
Romania inflation quickens to 0.8pc BUCHAREST: Romanian inflation quickened to 0.8 percent on the year in March against February's 0.4 percent, a touch above market expectations and sharply below a 1.5-3.5 percent target range, data from the National Statistics Board showed on Friday.On a month-on-month basis, prices were 0.4 percent up in March, with food prices edging up 0.3 percent, non-food prices rising 0.6 percent and services up 0.2 percent.The median forecast of a Reuters poll of analysts put inflation ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln