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Kosovo, Macedonia back off from trade row PRISTINA: Kosovo on Saturday lifted a ban on imports from neighbouring Macedonia, further defusing a trade row between the Balkan countries."The decision (on the ban) of the import from Macedonia will be repealed from this midnight," (2200 GMT), the trade ministry said in a statement.The ministry said it expected Macedonia to in turn annul a tax that had been slapped on vehicles and people entering the country from Kosovo.Earlier, Macedonia had called off its ban on Kosovar wheat and flour.The trade dispute between the neighbours flared in July, when Skopje limited the import of wheat and flour from Kosovo, prompting Pristina to respond by banning imports from Macedonia of fruits and vegetables, alcohol and cigarettes.The dispute escalated last week with Macedonia introducing a tax on all vehicles and passengers entering its territory from Kosovo -- 10 euros ($13) for a truck, five euros for a car and two euros per ...

UK government tax adviser quits after giving avoidance tips LONDON: A tax adviser to the British government has been forced to resign after he was recorded giving tips at a conference on how to pay less tax and "keep money out of the Chancellor's grubby mitts", a Treasury minister said.The BBC Panorama investigative programme filmed David Heaton - before he joined the government as an adviser on how to clamp down on aggressive tax avoidance - telling delegates at a conference how they could ...
India commodity regulator moves to strengthen corporate governance of exchanges MUMBAI: India's commodity regulator has moved to strengthen corporate governance of commodity exchanges by issuing guidelines to restrict board representation by promoter members.Under the guidelines, a promoter of an exchange cannot have board representation higher than their total shareholding, capped at 26 percent at the end of the fifth year of operation, the Forwards Market Commission said late on Friday.These revised guidelines follow the National Spot Exchange Ltd (NSEL), MCX-SX's affiliated commodity exchange, abruptly suspending ...
Panama's economic growth accelerates in second quarter PANAMA CITY: Panama's economy grew by 7.6 percent in the second quarter, led by brisk activity in the construction and mining sectors, the government statistics agency said on Friday.Growth picked up from the first quarter, when the economy expanded by an upwardly revised 7.3 percent.Still, the pace of growth has eased from 2012, when the economy grew by 10.8 percent.The global economic slowdown has dampened trade through Panama's canal and ports, partly due to a ...
Brazil July economic activity drops less than expected SAO PAULO: Brazil's economic activity contracted less than expected in July as strong retail sales offset a sharp decline in manufacturing, bolstering hopes that the economy can avoid a quarterly drop.The central bank's IBC-Br economic activity index declined a seasonally adjusted 0.33 percent in July from June, the bank said on Friday. Economists in a Reuters poll expected a decline of 0.9 percent.Most analysts see Brazil's economy set to stumble in the second half of ...
Zimbabwe's August inflation quickens to 1.28 percent HARARE: Zimbabwe's consumer inflation quickened to 1.28 percent year-on-year in August from 1.25 percent in July, the national statistics agency said on Friday.On a month-on-month basis, prices fell by 0.15 percent, after a 0.38 percent decline in July.Copyright Reuters, 2013 ...
India advisory panel: keeping fiscal deficit target a ‘challenge’ NEW DELHI: India may it find it a "challenge" to stick to its fiscal deficit target of 4.8 percent of GDP in the fiscal year that ends next March, the prime minister's economic advisory panel said in a report on Friday.The country's bloated fiscal deficit has been a key concern for Asia's third-largest economy -- currently undergoing its worst slowdown in a decade -- and has triggered the threat of a sovereign credit rating downgrade ...


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln