Just in:  

You are here: Home»World»Business & Economy

Global Business & Economy


Bank of Canada sees rates on hold 'quite some time' MONTREAL: The Bank of Canada is likely to keep interest rates on hold "for quite some time," Governor Stephen Poloz said on Thursday, dampening talk that it was edging closer to cutting rates in order to combat low inflation.In a speech in Montreal, he said the central bank was more worried about downside risks to inflation than upside ones since inflation is well below a 2 percent target, but he stopped short of hinting at any easing.Asked at a news conference afterwards whether it was accurate that the bank was getting ready to cut, he said: "We don't know. We've expressed our neutrality on that question, which is to say that we're even-handed on the two sides of it at this stage, given what we know today."He said the bank's move in October and again this month to stop referring to future rate hikes, following 18 months of more hawkish ...

Australian jobless rate rises to 5.8pc SYDNEY: Australia's unemployment rate climbed to 5.8 percent in November as the nation's mining-fuelled boom fades, but analysts said it was unlikely to spark an interest rate cut.The outcome was 0.1 percentage points higher than October and in line with expectations, with the number of unemployed increasing by 3,400. The participation rate was steady at 64.8 percent, its lowest level since October 2006. The rate measures the proportion of the population who have a job ...
South Korea keeps key interest rate at 2.5pc SEOUL: South Korea's central bank on Thursday kept its key interest rate unchanged at 2.5 percent for the seventh straight month as the economy shows signs of a moderate recovery while inflation remains tame.In announcing its decision the Monetary Policy Committee of the Bank of Korea cited low inflation and continued uncertainty over the future of the US Federal Reserve's stimulus programme.The bank said Asia's fourth largest economy would maintain its uptrend in step with ...
Paraguay central bank says raises key rate 50 bps to 6pc ASUNCION: Paraguay's central bank on Wednesday raised its benchmark interest rate 50 basis points to 6 percent, a move it said was aimed at controlling inflationary expectations.The bank's rate-setting committee issued a statement saying its decision to tighten its monetary policy was unanimous."There are domestic inflationary pressures that will be reflected in price dynamics in 2014," it said.Central bank chief Carlos Fernandez Valdovinos said he expects Paraguay's inflation rate to come in at 5 percent ...
New Zealand food prices fall 0.2pc in November WELLINGTON: New Zealand food prices slipped in November due to cheaper prices for meat, fruit and vegetables, official data showed on Thursday, but higher prices on an annual basis were in line with a gradual pick-up in overall inflation in the country.The food price index was 0.2 percent lower on the month, but the index was 1.4 percent higher from the same period last year, Statistics NZ said.Many economists expect higher price risks will prompt ...
Ukraine seeks 20bn euros in return for EU deal KIEV: Ukraine's prime minister said Wednesday that Kiev would like to secure a 20-billion-euro ($27.5-billion) loan from the European Union before it signs a landmark association pact with the bloc."We propose to resolve this issue through the offering to Ukraine of financial assistance," Prime Minister Mykola Azarov told a government meeting in televised remarks."We have determined its approximate size -- 20 billion euros."Ukraine last month rejected a broad trade and political association agreement with the ...
Hungarian inflation stable at 40-year low 0.9pc: official data BUDAPEST: Hungary's 12-month-inflation remained at a 40-year low of 0.9 percent for the second month running, official data showed on Wednesday.The national statistics office KSH said that the low rate in November was mainly a result of government-enforced household utility price cuts which offset rising food, alcohol and tobacco prices.The central bank has cut its key interest rate repeatedly over the last year, and in recent months concern has arisen in several countries in the ...


Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln