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South Korea industrial output inches up in January SEOUL: South Korea's industrial output expanded for the fourth straight month in January, despite reduced working days caused by the Lunar New Year holiday, government data showed Friday.Total production in the mining, manufacturing, gas and electricity industries in Asia's fourth-largest economy inched up 0.1 percent from December, Statistics Korea said. The growth rate was down from an unusually high 2.4 percent on-month expansion in December.Compared with a year earlier, January's output shrank 3.8 percent. Because of the Lunar New Year holidays, January had 22 working days this year, compared to 24 days in 2013.Production of memory chips and semiconductor parts made by firms such as Samsung and SK Hynix fell 4.7 percent on-month in January, while auto production by the likes of Hyundai and Kia rose 6.7 percent.Production of mobile phones and TVs -- the country's key export items -- increased 9.5 percent from the previous month.Production in the service ...

Japan factory output jumps on demand rush before tax hike TOKYO: Japan's industrial output grew at its fastest rate in more than two years in January as factories cranked out goods ahead of a sales tax hike, adding momentum to the Abenomics experiment, data showed Friday.In a further sign that once-stubborn deflation is starting to ease, prices also continued their upward trajectory, although this was mostly driven by higher fuel costs.Shoppers are splashing out on pricey goods such as cars to beat the rise in ...
Japan consumer inflation up 1.3pc on-year in January: govt TOKYO: Japanese consumer inflation posted a year-on-year rise for the eighth straight month in January, government data showed Friday.Stripping out volatile fresh food prices, core consumer prices climbed 1.3 percent, the same rate as in December, which was the sharpest rise in more than five years.The upbeat headline for Friday's inflation data was tempered by the fact that prices were still largely driven up by higher fuel bills.Electricity prices jumped 8.5 percent and gasoline prices ...
No deflation in eurozone: ECB chief Draghi FRANKFURT: Inflation in the eurozone is currently very low but there is no danger of deflation -- a widespread fall in prices -- European Central Bank chief Mario Draghi said Thursday."At this point in time, we do not have evidence of consumers postponing expenditure plans, which is something one would observe in a deflationary environment," Draghi told a symposium organised by the German central bank or Bundesbank."To be sure, current inflation, which stood at 0.8 ...
IMF studies aid for cash-strapped Ukraine WASHINGTON: The International Monetary Fund waded into the fast-moving Ukraine crisis on Thursday, promising to look at providing a lifeline to its embattled economy.Ukraine's newly minted prime minister, Arseniy Yatsenyuk, has requested the world lender of last resort's assistance, IMF managing director Christine Lagarde said."We are ready to respond," she said, giving de facto recognition of the new Western-leaning government in Kiev following the overthrow of Russian-backed president Viktor Yanukovych over the weekend.Ukraine owes $13 ...
Italy's borrowing costs fall in 9bn-euro bond sale ROME: Italy saw the rates of return demanded by investors drop in a bond sale that raised 9.0 billion euros ($12 billion) on Thursday in an indication of greater confidence from the financial markets.The Italian Treasury auctioned 3.0 billion euros in bonds due to be redeemed in 2019 at a rate of 2.14 percent compared to the 2.43 percent demanded by investors in a similar auction last month.Italy also sold 4.0 billion euros in paper ...
Spanish fourth-quarter growth picks up pace: official data MADRID: Spain's economy picked up pace in the fourth quarter, official data showed on Thursday, adding to signs that the country is emerging from five years of stop-start recession which destroyed millions of jobs.The Spanish economy expanded by 0.2 percent in the fourth quarter from the third, accelerating from the previous quarter's growth of 0.1 percent, the National Statistics Institute said in a report.The figure were below earlier estimates by the institute and the Bank ...


Index Closing Chg%
Arrow DJIA 17,050.75 0.82
Arrow Nasdaq 4,810.79 0.41
Arrow S&P 2,013.43 0.88
Arrow FTSE 6,374.82 0.61
Arrow DAX 9,993.07 0.23
Arrow CAC-40 4,675.91 0.18
Arrow Nikkei 18,141.17 0.99
Arrow H.Seng 22,354.91 0.71
Arrow Sensex 26,845.81 0.70

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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 $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln