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US home builder sentiment rises in August: NAHB NEW YORK: US homebuilder sentiment rose in August to its highest level since a matching reading almost a decade ago, the National Association of Home Builders said on Monday.The NAHB/Wells Fargo Housing Market index rose to 61 from 60 in July, the group said in a statement. The latest level was the highest since a matching reading in November 2005. It was in line with economists' expectations, according to a Reuters poll.Readings above 50 indicate more builders view market conditions as favorable than poor. The index has not been below 50 since June 2014."Today's report is consistent with our forecast for a gradual strengthening of the single-family housing sector in 2015," NAHB Chief Economist David Crowe said in a statement."Job and economic gains should keep the market moving forward at a modest pace throughout the rest of the year."The single-family home sales component rose to 66 from 65 to mark ...

Turkish economy minister says interest rates need to fall ISTANBUL: Turkish Economy Minister Nihat Zeybekci said on Monday that interest rates needed to be lower, but he did not expect a move by the central bank in that direction. Speaking at a meeting in Istanbul, Zeybekci said the plummeting lira was not a cause for concern given the nature of Turkey's overall debt structure, and warned against intervention, saying the market would reach its own level. The lira hit a fresh record low of ...
Thai economic growth slows, outlook dims on yuan fall BANGKOK: Thailand's economy slowed in the second quarter hit by weak domestic demand and exports, official data showed Monday, with growth expected to be hampered by China's devaluation of the yuan.Gross domestic product grew 2.8 percent compared to a year earlier between April and June, in-line with a forecast from analysts polled by Bloomberg News but down from three percent in the previous quarter.Growth also faces "major constraints" for the rest of 2015 after China's ...
Japan economy's contraction a blow for 'Abenomics' TOKYO: Japan's economy contracted last quarter, official data showed Monday, boosting speculation the central bank will be forced to unleash more stimulus as Tokyo's "Abenomics" growth blitz stumbles.The world's third-largest economy shrank 0.4 percent in the three months to June -- or 1.6 percent on a yearly basis -- due to weak consumer spending at home and slowing exports, after two consecutive quarters of expansion.Still, the figures published by the Cabinet Office came in slightly ...
German economy grows by 0.4pc in second quarter: data FRANKFURT: The German economy, Europe's biggest, grew by 0.4 percent in the second quarter of 2015, fractionally faster than in the preceding three months, but slightly short of analyst expectations, official data showed on Friday.German gross domestic product (GDP) expanded by 0.4 percent in the period from April to June, up from 0.3 percent in the first quarter, the federal statistics office Destatis said in a flash estimate. Analysts had been projecting marginally stronger growth ...
US retail sales rise in July NEW YORK: US retail sales rebounded in July with strong gains in auto purchasing and solid increases in most other categories, according to Commerce Department data released Thursday.Overall retail sales rose 0.6 percent in July from June to $446.5 billion, a slightly bigger increase than the 0.5 percent gain projected by analysts. The Commerce Department also raised its figures for June sales to unchanged from the prior estimate of a 0.3 percent decline.Auto sales rose ...
Greek economy grew 0.8pc in Q2, averted recession in Q1 ATHENS: Greece's economy expanded by 0.8 percent in the second quarter of 2015, the national statistics agency estimated Thursday, with the country escaping recession in the first quarter as GDP remained flat.According to the new figures, the Greek economy posted zero growth in the first quarter of the year after having contracted 0.2 percent in the last quarter of 2014 -- thus averting two periods of decline constituting recession. The figures showed second-quarter growth up ...


Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln