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British unemployment rate at four-year low: official data LONDON: Britain's unemployment rate has dropped to a new four-year low point, official data showed on Wednesday.Unemployment in Britain slid to 7.4 percent in the three months to October from 7.6 percent in the quarter ending in September, the Office for National Statistics (ONS) said in a statement.The rate is the lowest level since the three months to April 2009. The ONS added that the number of unemployed people has fallen by 99,000 between August and October to 2.39 million.The Bank of England, under governor Mark Carney, has stated that it will not raise its main interest rate from its record-low level of 0.50 percent at least until the unemployment rate falls to seven percent, under a "forward guidance" policy.Copyright AFP (Agence France-Presse), 2013 ...

German business confidence ends year on high note FRANKFURT: The German economy, Europe's biggest, ended the year in "festive mood", with confidence rising to a 21-month high and expectations at the highest level for almost three years, data showed on Wednesday.The Ifo economic institute's closely watched business climate index climbed to 109.5 points this month, the highest level since April 2012.The previous month, it had stood at 109.3 points. "The Ifo business climate improved once again. Assessments of the current business situation were ...
China November home prices rise 9.9pc y/y BEIJING: Average new home prices in China's 70 major cities in November rose 9.9 percent from a year earlier, a fresh record growth rate, according to Reuters calculations based on official data published on Wednesday. In month-on-month terms, prices rose 0.5 percent in November, slowing from October's rise of 0.6 percent. The National Bureau of Statistics said new home prices in Beijing rose 16.3 percent in November from a year earlier, compared with October's year-on-year ...
Brazil inflation rate seen sustained SAO PAULO: Brazil inflation remained at a relatively high level in the month to mid-December, sustained by a small increase in gasoline prices and by higher services costs. The IPCA-15 price index is expected to rise 5.74 percent in the 12-month period through mid-December, according to the median of 18 forecasts in the survey. The government's year-end inflation target is 4.5 percent, with a tolerance band of two percentage points either ...
German investor sentiment hits seven-year high in December: ZEW FRANKFURT: Investment sentiment in Germany rose in December to the highest level in more than seven years as investors bank on an economic upturn next year, a new survey found on Tuesday.The widely watched investor confidence index calculated by the ZEW economic institute jumped by 7.4 points to 62.0 points in December, its highest level since April 2006.Copyright AFP (Agence France-Presse), 2013 ...
Eurozone inflation rose 0.9pc in November: EU BRUSSELS: Eurozone inflation rose to 0.9 percent in November from a four-year low of 0.7 percent in October, and rose 1.0 percent across the 28-nation European Union, Eurostat confirmed on Tuesday.The data eases concerns that the bloc risks a damaging cycle of falling prices.The figures showed energy prices continued to fall in November, down 1.1 percent after a drop of 1.7 percent in October, while food, drinks and alcohol rose 1.6 percent, compared with a ...
British official annual inflation hits four-year low LONDON: Britain's 12-month inflation rate slowed to 2.1 percent in November, the lowest level for four years, as food and energy price rises slowed, official data showed on Tuesday.Annual inflation had stood at a year-low of 2.2 percent in October, the Office for National Statistics (ONS) said in a statement."The Consumer Prices Index (CPI) grew by 2.1 percent in the year to November 2013, down from 2.2 percent in October," the ONS said."The largest contributions ...


Index Closing Chg%
Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,142.89 0.07
Arrow Nikkei 20,264.41 0.30
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,957.50 0.53

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln