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WELLINGTON: New Zealand house prices and sales bounded higher in October, but solid demand is still outstripping supply, especially in the country's major cities, the Real Estate Institute of NZ (REINZ) said on Friday.   The REINZ's house price index rose 1.5 percent from September, when they rose 0.6 percent, and was up 6.9 percent from the same month last year. The index is now at a record level.   "The market is very much in two parts - the metropolitan regions of Auckland, Wellington and Christchurch where prices are rising and the rest of the country where price trends are mixed," said REINZ Chief Executive Helen O'Sullivan.   The housing market has picked up, particularly in major cities, after being sluggish for much of 2011, as the economy improved, albeit at a slow pace.   The median house sale price, which is different from the index, rose to a record NZ$380,000 ($311,475) from NZ$371,000 in the previous ...

View persists of bailouts for big banks  MONTREAL: Some investors still seem to think governments will rescue failing large banks despite new rules designed to allow troubled institutions to collapse without taxpayer bailouts, the head of the Group of 20's Financial Stability Board said on Thursday.   Mark Carney, who is also governor of the Bank of Canada, said the FSB had made progress in implementing reforms to ensure no bank was considered "too big to fail," but that more work may need to ...
India will follow through with reforms: minister  NEW DELHI: India will abide by a controversial decision to open retail and other sectors to wider foreign investment, the country's trade minister promised delegates at an international financial conference Thursday.   "What we have done is irreversible -- what is cast in stone cannot be set aside," trade minister Anand Sharma told the World Economic Forum on India.   Since September, the government has approved rules inviting more foreign investment in the retail, broadcasting and aviation sectors.   The Congress ...
Italy, France urge transparent EU budget rebate system  ROME: Italy and France on Thursday called for a transparent system for European Union budget rebates amid a widening row over the EU's 2014-2020 budget ahead of a summit of EU leaders this month.   "We are calling for a single, transparent system that would allow any country meeting certain criteria to ask for compensation," European Minister Enzo Moavero said after talks with his French counterpart Bernard Cazeneuve.   Moavero said the prospect of EU leaders reaching an agreement ...
India NEW DELHI: India's state-run MMTC Ltd has received the highest bid at $318.67 per tonne from Louis Dreyfus in its latest wheat export tender, trade sources said on Thursday.   Last month, MMTC floated the tender to sell 100,000 tonnes of wheat for export from the east coast for shipments by Dec. 31, as part of the government's strategy to trim huge stocks at its warehouses.   Copyright Reuters, 2012 ...
South Africa JOHANNESBURG: South African construction group Aveng Ltd said on Thursday its order fell 9 percent since the end of June, reflecting an building slump that has hammered the industry.   Aveng said its order book was at 43 billion rand ($4.97 billion) at the end of September compared with 47 billion rand at the end of June this year.   Copyright Reuters, 2012 ...
South Africa manufacturing contracts 1.1pc y/y in September  JOHANNESBURG: South Africa's manufacturing output fell-more-than expected by 1.1 percent year-on-year in volume terms in September after a revised 2.8 percent rise in August, Statistics South Africa said on Thursday.   The consensus of economists in a Reuters poll was for output to contract 0.5 percent in September.   On a month-on-month basis production fell by a seasonally adjusted 2.3 percent but grew slightly by 0.3 percent in the three months to September compared with the previous quarter.   Copyright Reuters, ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln