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IMF says it's committed to backing Liberia's recovery from Ebola DAKAR: International Monetary Fund (IMF) Managing Director Christine Lagarde said on Thursday the Fund was committed to supporting Liberia's economy as it recovers from the Ebola epidemic.Speaking after talks with President Ellen Johnson Sirleaf, Lagarde praised Liberia for its hard work in battling the deadly virus.It became the first of the three West African countries ravaged by the worst Ebola outbreak on record to declare itself free of the disease.Over 11,000 people have died in West Africa since the epidemic erupted more than 18 months ago. Liberia has been hardest hit, with over 4,800 deaths.The IMF provided around $130 million in new financing and debt relief for Liberia during the crisis, Lagarde noted."Stay the course in the direction of improving the economy of Liberia," she told a news conference. "You have the road map, you have a plan and we want to cooperate."Low commodity prices are hitting Liberia's export revenues."That ...

China Aug inflation edges up, but producer prices tumble most in 6 years BEIJING: China's consumer inflation in August edged up more than expected from a year earlier, but producer prices fell for the 42nd straight month in the latest sign that deflation remains a significant risk for the world's second-largest economy.The consumer price index (CPI) rose 2.0 percent, the National Bureau of Statistics said on Thursday, but much of the increase appeared due to soaring food prices, not an improvement in economic activity.The producer price index (PPI), ...
S&P cuts Brazil sovereign credit rating to junk RIO DE JANEIRO: Standard & Poor's cut Brazil's sovereign credit rating to junk Wednesday, citing the struggle of President Dilma Rousseff's government to master mushrooming debt and political turmoil.The downgrade to junk-bond status is a blow to Brazil because it could drive off investors even as Rousseff and her finance minister, Joaquim Levy, battle to balance the books.The New York-based rating agency cut Brazil's long-term rating from a BBB- to BB+, meaning its debt is ...
World food commodity prices plunge in August PARIS: The price of international food commodities registered their largest monthly drop in seven years in August, the UN food agency said on Thursday, a slide likely to further hurt the struggling farming sector.The Food and Agriculture Organization (FAO) said the prices of almost all commodities measured in its Food Price Index dropped, including milk, vegetable oils, sugar and cereals."Ample supplies, a slump in energy prices and concerns over China's economic slowdown all contributed to ...
China tightens capital controls after devaluation: FT SHANGHAI: China is tightening capital controls following a devaluation of its yuan currency, the Financial Times reported, as worries about fund outflows rise.The State Administration of Foreign Exchange had ordered financial institutions to increase checks and boost controls on foreign exchange transactions, especially over-invoicing of exports which is used to hide capital outflows, the newspaper on Wednesday quoted unnamed sources and an internal memo as saying.Last month, China moved the yuan almost five percent lower ...
China consumer prices rise, but mixed picture for economy BEIJING: China's consumer inflation hit a 12-month high in August, driven by rising pork costs, authorities said Thursday, but factory gate prices fell at their fastest in nearly six years in a mixed picture for the world's second-largest economy.The diverging figures, which point to an oversupply from factories -- underline the task facing China's leaders as they try to soothe fears about a growth slowdown that have rocked global financial markets in recent weeks.Moderate inflation ...
Australia's jobless rate falls to 6.2pc SYDNEY: Australian unemployment eased in August, official data showed Thursday, providing a lift to the government with the economy hit by a China growth slowdown as it moves away from a massive resources investment boom.However, analysts suggested the ongoing weakness in the wider economy, and with the global outlook remaining weak, the central bank might still need to cut interest rates in the new year.The Australian Bureau of Statistics said the jobless rate dipped to ...


Index Closing Chg%
Arrow DJIA 16,790.19 0.08
Arrow Nasdaq 4,748.36 0.69
Arrow S&P 1,979.92 0.36
Arrow FTSE 6,326.16 0.43
Arrow DAX 9,902.83 0.90
Arrow CAC-40 4,660.64 0.95
Arrow Nikkei 18,186.10 1.00
Arrow H.Seng 21,831.62 0.10
Arrow Sensex 26,932.88 0.55

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln