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Greek residential property price slide gains pace in third quarter ATHENS: Greek residential property prices fell at a faster pace in the third quarter compared to the previous three-month period as economic contraction hit household income and employment, knocking values on banks' outstanding real estate loans.Property accounts for a large chunk of household wealth in Greece, which has one of the highest home ownership rates in Europe -- 80 percent versus a European Union average of 70 percent, according to the European Mortgage Federation.Bank of Greece data showed apartment prices fell by 6.1 percent in the third quarter of 2015 from a year earlier, with the annual pace of price declines accelerating from 5.0 percent in the second quarter.The price slide had started to ease after a 10.8 percent fall in 2013 up until the first quarter of 2015.Greece's real estate market has been hit by property taxes to plug budget deficits, a tight credit market and a jobless rate ...

Ghana producer inflation falls to 2.8pc in October ACCRA: Ghana's producer price inflation fell to 2.8 percent in October from a revised 4.8 percent in September, continuing a downward trend, the statistics office said on Wednesday.The fall reflects apparent progress for the West African country in stabilizing inflation."The easing effect came mainly from the manufacturing of petroleum and coke which registered a significant price decline," Ghana's acting deputy statistician Anthony Amuzu said.Year-on-year producer inflation for the mining and quarrying sub sector stood at ...
Irish house prices climb 1.6 percent in October DUBLIN: Irish residential property prices grew at their second fastest monthly rate this year in October, increasing 1.6 percent from the previous month, but the annual growth rate continued to slip.While property prices across Ireland are on average 33.5 percent below their 2007 peak, the country's central bank introduced restrictions on mortgage lending in January to try to ensure rises do not return to unsustainable levels amid a supply shortage.The annual rate of growth slowed ...
Polish government to approve amended 2016 draft budget in early Dec WARSAW: Polish government plans to approve an amended version of the 2016 draft budget in early December and send it to parliament in the middle of December, a minister in the prime minister's chancellery said on Wednesday."We want to approve the amendment to the budget at the start of December, so that it is sent to parliament in the middle of next month," Henryk Kowalczyk said.Copyright Reuters, 2015 ...
Osborne sharpens axe for austerity spending plan LONDON: Britain's finance minister will on Wednesday unveil budgets for government departments over the next five years, in a spending review expected to herald further austerity measures and bitter recriminations.George Osborne, a possible successor to Prime Minister David Cameron and his de facto deputy, is aiming to eliminate Britain's budget deficit and run a surplus by the end of the current parliament in 2020.But he has faced stiff opposition from even within his own Conservative ...
Singapore lowers 2015 growth forecast to 'close to 2.0pc' SINGAPORE: Singapore's economic growth will dip to "close to 2.0 percent" this year after the city-state avoided a technical recession, the government said Wednesday, with a potential further slowdown seen in 2016.The decline from a growth rate of 2.9 percent in 2014 reflects the impact on Asia of slowing demand for its exports from major world economies including the United States, China and Europe.For 2016, trade-dependent Singapore's gross domestic product (GDP) is expected to grow ...
Italy approves privatisation of 40pc of rail operator ROME: The Italian government has approved the privatisation of up to 40 percent of the national rail operator, the Ferrovie dello Stato said on its website on Tuesday.A government statement published on the Ferrovie dello Stato's website said the Council of Ministers had approved on Monday the company's privatisation, but did not give a date for the operation.The government has previously indicated it plans to proceed with the sale of the stake in the railway ...


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Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln