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Obama to announce new plan to help jobs WASHINGTON: President Barack Obama will announce a new plan next week to help Americans who continue to struggle to find jobs even as the economy recovers from recession, his senior adviser, Dan Pfeiffer, said on Saturday. Obama's efforts to help the long-term unemployed are part of an economic strategy he will lay out in his annual State of the Union address on Tuesday and expound upon during a four-state tour, Pfeiffer said in a mass e-mail from the White House. "With some action on all our parts, we can help more job seekers find work, and more working Americans find the economic security they deserve," Pfeiffer said in his e-mail. "That's why, in the week following the speech, President Obama will travel to communities across the country including Prince George's County, Maryland, Pittsburgh, Milwaukee, and Nashville, before returning to the White House to outline new efforts to help the long-term ...

Panama economic growth cools to three-month low in November PANAMA CITY: Panamanian economic activity eased in November to its slowest pace since August, the national statistics agency said late on Friday.Economic activity rose 7.95 percent in November compared with the same month last year, below the 8.26 percent rate notched in October.The finance ministry projects Panama's $33 billion economy expanded 8.5 percent last year.Though the economy is stepping back from the double-digit growth Panama has posted in four of the past six years, it ...
China growth concerns dent commodity prices LONDON: Oil prices endured a roller-coaster week, with an upbeat economic growth forecast for the world economy giving way to concerns over Chinese output.Commodity markets traders balanced the IMF's global growth forecast upgrades against news that manufacturing activity in key commodity consumer China shrank in January for the first time in six months."Business surveys suggest that the eurozone recovery gained momentum in January, while China's manufacturing slowdown has continued," noted analysts at consultancy Capital Economics.OIL: ...
Russian economy likely grew 1.4pc in 2013 MOSCOW: Russia's economy likely grew by 1.4 percent last year, meeting a forecast, Economy Minister Alexei Ulyukayev was quoted as saying on Friday by news agencies on the sidelines of the World Economic Forum in Davos. Official data for 2013 is due later this month. Russia's economic growth decelerated sharply in 2013, reflecting deep structural problems that analysts and officials say undercut its long-term growth potential. The economy ministry had revised growth forecasts several times ...
S&P cuts Croatia ratings by a notch to BB; outlook stable SYDNEY: Standard & Poor's lowered Croatia's long-term foreign and local currency sovereign ratings to 'BB' from 'BB+', saying the country is likely to remain in recession for a sixth straight year. "The downgrade reflects our view that the economic and budgetary policy measures that the Croatian government has introduced so far have been insufficient to foster economic growth and place public finances on a more sustainable path," the ratings agency said in a report. "We ...
US jobless claims inch higher WASHINGTON: New claims for US unemployment insurance benefits rose slightly last week but the overall trend headed lower as the job market slowly improves, government data released Thursday showed.First-time jobless claims totaled a seasonally adjusted 326,000 in the week ending January 18, the Labor Department said.That marked an increase of 1,000 claims from the prior week's 325,000, revised down by 1,000.The four-week moving average, which helps to smooth the volatility of the weekly numbers, fell ...
US existing-home sales rose 1pc in December WASHINGTON: US existing-home sales increased 1.0 percent in December from November, wrapping up the strongest year for sales in seven years, the National Association of Realtors said Thursday.Sales of used single-family homes, townhomes, condominiums and co-ops hit an annual pace of 4.87 million units, compared with a revised 4.82 million the previous month.For the entire year, sales totaled 5.09 million, up 9.1 percent from 2012. That was the best pace since 2006 when the US ...


Index Closing Chg%
Arrow DJIA 17,6630.27 1.09
Arrow Nasdaq 5,089.21 0.98
Arrow S&P 2,093.25 1.24
Arrow FTSE 6,555.28 0.77
Arrow DAX 11,173.91 1.06
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Arrow Sensex 27,459.23 0.37

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln