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China home price rises speed up in November: survey BEIJING: Chinese home prices rose faster in November than in the previous month, an independent survey showed on Sunday, adding that authorities are likely to introduce further changes to control the lively real estate market.The average price of a new home in 100 major cities rose 10.99 percent year-on-year to 10,758 yuan ($1,766) per square metre, said the China Index Academy, which compiled the survey.That was higher than the rises of 10.69 percent in October, 9.48 percent in September and 8.61 percent in August, said the academy, which is the research unit of the real estate website operator Soufun.High property prices have generated discontent among ordinary Chinese, and Beijing has sought for more than three years to contain their rise, while also promising to provide affordable housing.President Xi Jinping called a month ago for improved efforts to increase home supply and for more attention on public housing projects, state media ...

South Korea exports for November rise to $47.92bn SEOUL: South Korea's exports for November rose to $47.92 billion on the back of robust sales of mobile devices and ships, official data showed Sunday.Exports, which account for about a half of the South Korean economy, increased 0.2 percent on-year while imports fell 0.6 percent to $43.11 billion, resulting in a trade surplus of $4.8 billion for last month, the trade ministry said. It was the 22nd consecutive month that South Korea -- Asia's fourth-largest ...
Spain withdraws electric reform funding to help curb deficit MADRID: Spain's Finance Ministry has withdrawn 3.6 billion euros ($4.9 billion) in financing for electricity reform at the last minute, casting doubt on the government's signature reform for 2013 and potentially hitting companies and consumers.A statement on the amendment of the reform as it passed Spain's upper house showed the government had pulled back from providing the funding injection initially agreed as it concentrates on whittling down the public deficit, this year set to reach ...
ACWA-led consortium to finance, build Saudi Rabigh 2 power plant KHOBAR: A consortium led by ACWA Power International has entered into a power purchase agreement with Saudi Electricity Company (SEC) to finance, build and operate the Rabigh 2 power project, ACWA said in a statement on Saturday. The project, located in Rabigh on the western Saudi coast, involves setting up the al-Mourjan for Electricity Production company, a split venture between SEC and the consortium which also includes Samsung C&T. The project ...
Spain withdraws electric reform funding MADRID: Spain's Finance Ministry has withdrawn 3.6 billion euros ($4.9 billion) in financing for electricity reform at the last minute, casting doubt on the government's signature reform for 2013 and potentially hitting companies and consumers. A statement on the amendment of the reform as it passed Spain's lower house showed the government had pulled back from providing the funding injection initially agreed as it concentrates on whittling down the public deficit, this year set ...
Despite rising demand, Brazil ethanol sector struggles RIO DE JANEIRO: Hobbled by rising production costs and low prices, Brazil's ethanol sector is in crisis, with many sugar mills closing despite rising demand.The South American country is the world's leading sugar producer with an ever-growing share going toward biofuel production.But despite an expected bumper crop for 2013-14 and growing domestic consumption, its mills are drowning in debt.In the country's central southern region -- the main sugar production area -- 40 mills have shut ...
India economy posts surprise 4.8pc quarterly growth NEW DELHI: India posted surprisingly strong quarterly economic growth of 4.8 percent on Friday, on the back of robust farm output, but hopes of a sharp recovery before next year's elections still appeared faint.The data for the second financial quarter to September beat market forecasts of 4.6 percent annual growth and topped the 4.4 percent expansion India logged in the previous three months."Growth appears to be bottoming out," said Miguel Chanco, economist for research house ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln