Just in:  

You are here: Home»World»Business & Economy

Global Business & Economy


German investor morale rises for first time in almost a year MANNHEIM: German analyst and investor sentiment rose in November for the first time in almost a year, surpassing expectations and raising hopes of an improvement in Europe's biggest economy after it dodged recession in the third quarter.The euro rose to a day high against the dollar and Bund futures reversed gains after the survey was published on Tuesday, although economists warned against reading too much into the rise as the index was still at a low level.Mannheim-based think tank ZEW's monthly survey of economic sentiment rose to 11.5 points from -3.6 points in October, way over the consensus forecast in a Reuters poll of analysts for a rise to 0.5 points.It was the first rise since December last year."The recent euro zone growth figures suggest that the economy is stabilising which contributed to the ... increase," said ZEW President Clemens Fuest, adding, however that the climate remained fragile due to ...

British annual inflation rises to 1.3pc LONDON: Britain's 12-month inflation rose unexpectedly in October, rebounding from a five-year low the previous month, lifted partly by the rising cost of computer games, official data showed Tuesday.The annual rate accelerated to 1.3 percent in October from 1.2 percent in September, the Office for National Statistics (ONS) said in a statement. "Smaller falls in transport costs than a year ago -- notably for motor fuels and air fares, and price rises for computer games ...
Australian exports to China still face hurdles after hyped trade deal SYDNEY: A trade deal signed with great fanfare between China and Australia has been touted as a major step towards Australia shifting its economy from a "mining boom" to a "dining boom," but the reality is likely to be more sobering. Australia is looking to replace its reliance on exports of minerals such as coal and iron ore as mining investment wanes and demand begins to dwindle. The government would prefer to expand its food ...
Chinese FDI growth slows to 1.3pc in October: govt BEIJING: - Growth in foreign investment into China slowed in October, the government said Tuesday, amid a slowdown in the world's second-largest economy and concerns over business risks.Foreign direct investment (FDI) -- which excludes financial sectors -- totalled $8.53 billion for the month, the commerce ministry said, up 1.3 percent year-on-year.The figure compares with a gain of 1.9 percent in September, which came after a four-year-low in August of $7.20 billion.For the first 10 months ...
Singapore to release detailed Q3 GDP data on Nov 25 SINGAPORE: Singapore will report detailed data on gross domestic product (GDP) for the third quarter on Nov. 25, the Ministry of Trade and Industry said on Tuesday. The Economic Survey of Singapore for the third quarter of 2014 will be released at 8:00 am local time (0000 GMT) on Nov. 25, the ministry said in a statement. The advance reading of Singapore's third-quarter GDP released on Oct. 14, showed that the city state's economy grew ...
Brazil's inflation seen above target in mid-Nov after fuel hike BRASILIA: A government-sponsored increase in fuel prices probably kept Brazil's inflation rate above the official target in mid-November, a Reuters poll showed on Monday.Consumer prices advanced 6.54 percent in the 12 months through mid-November, easing from a rise of 6.62 percent one month before but still above the 6.5 percent ceiling of the central bank's target, according to the median of 22 market forecasts for the IPCA-15 inflation index.When compared with mid-October, consumer prices probably ...
Yemen inflation hits one-year high, fx reserves drop DUBAI: Yemen's annual inflation rate hit a one-year high of 10 percent in August, while central bank reserves fell further in September, official data showed on Monday, as the country continues to face political uncertainty.The impoverished nation has been in turmoil since Houthi fighters captured the capital Sanaa in September, forcing a government change. They have also clashed with Sunni tribesmen allied to al Qaeda militants when expanding south and west of Sanaa.The rise in ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln