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South Korea finmin says 2014 growth forecast will be cut more than 0.2pc points SEOUL: South Korea's finance minister Choi Kyung-hwan said on Thursday during a parliament session that the government's growth forecast for 2014, currently at 3.9 percent, will be cut by more than 0.2 percentage points. Choi did not say when the change would be made. This compares with the Bank of Korea's decision earlier this month to cut its growth forecast to 3.8 percent from its previous forecast of 4.0 percent. Copyright Reuters, 2014 ...

Singapore June exports slide on weak electronics shipments SINGAPORE: Singapore's exports fell for a second straight month in June, trade agency International Enterprise Singapore said on Thursday, hit by a slump in shipments of electronics. Singapore's exports of electronics fell 17.4 percent year-on-year in June after a 15.3 percent decline in May, taking non-oil domestic exports down 4.6 percent in June - double the 2.3 percent drop forecast in a Reuters survey. "This reinforces that Singapore's exports are underperforming.Singapore's exports are among the ...
US economy growing across nation: Fed Beige Book WASHINGTON: All regions of the United States have continued to expand their economic activity, the Federal Reserve said in a report on Wednesday.Seven of the 12 regions surveyed recorded growth that was only "modest," while five notched "moderate" growth, the Fed said in its latest "Beige Book" report, based on economic conditions in the six-week stretch before July 7.The report is the latest to depict the US economy as picking up steam after unusually cold ...
UK unemployment falls to 6.5 percent, earnings weaker than expected LONDON: Britain's unemployment rate fell to its lowest level since late 2008 in the three months to May but pay growth was weaker than expected, official data showed on Wednesday.The jobless rate fell to 6.5 percent between March and May from 6.6 percent a month earlier, another sign of the recovery in Britain's economy that has raised questions about how long the Bank of England can keep interest rates at their record low.Economists taking part ...
Surging gold imports drive up India's June trade deficit to 11-month high NEW DELHI: A surge in gold imports widened India's trade deficit to an 11-month high in June, adding to the uncertainty from global oil prices that could pile more pressure on its current account balance.The trade deficit swelled to $11.76 billion last month, its highest level since July 2013, after a central bank decision to ease tough gold import rules led to a 65 percent annual rise in overseas purchases of the yellow metal.A voracious ...
Euro zone trade surplus widens in May, exports, imports flat y/y BRUSSELS: The euro zone's trade surplus grew year-on-year in May in a sign net trade made a positive contribution to economic growth in the second quarter, the European Union's Statistics Office data showed on Wednesday.The external trade surplus of the 18 countries sharing the euro, unadjusted for seasonal swings, was 15.4 billion euros ($20.87 billion) in May, up from 14.6 billion euros in the same period of 2013, the data showed.Analysts polled by Reuters had ...
China's Q2 land prices slow for first time in two years BEIJING: Growth in Chinese residential land prices slowed for the first time in nearly two years in the second quarter of this year, the land ministry said on Wednesday, another indication that the property market is losing steam.Compared with a year before, the average price of land used for residential homes in 105 major cities rose 9.1 percent in the second quarter to 5,214 yuan ($840) per square metre, according to a report from the ...


Index Closing Chg%
Arrow DJIA 17,086.63 0.16
Arrow Nasdaq 4,473.70 0.40
Arrow S&P 1,987.01 0.18
Arrow FTSE 6,798.15 0.04
Arrow DAX 9,753.56 0.20
Arrow CAC-40 4,376.32 0.16
Arrow Nikkei 15,328.56 0.10
Arrow H.Seng 23,971.87 0.80
Arrow Sensex 26,147.33 0.47

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln