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Turkey gold exports to Iran resume despite tough US sanctions ISTANBUL: Turkey exported almost $120 million worth of gold to Iran in February, data showed, suggesting the two countries' trade of gold for natural gas has resumed despite tighter US sanctions, though at levels below last year's peaks.US officials have sought to prevent Turkish gold exports from providing a financial lifeline to Tehran, which has been largely frozen out of the global banking system by Western sanctions over its nuclear programme.Turkey sold no gold to Iran in January, according to data from the Turkish Statistics Institute (TUIK), as banks and dealers eyed the Feb. 6 implementation of US sanctions that tightened control over precious metal sales. The United States has given Turkey a six-month waiver exempting it from sanctions on trade with Iran, which is due to expire in July, but banks and dealers still have been cautious.Turkey sold $117.9 million worth of gold to Iran last month, while exports ...

Serbian economy dips in 2012, clouds may lift in 2013 BELGRADE: Serbia's economy shrank 1.7 percent last year, statistics office data showed on Friday, hit by a drought that slashed its agricultural exports and by the debt crisis in the euro zone, its main trade partner.The European Union candidate state is targeting growth of 2 percent this year after slipping into recession in 2012. The economy grew 1.6 percent in 2011.Trade activity in the country picked up early in 2013. Exports rose 42 percent year-on-year ...
US consumer spending rises, supports sturdy growth picture WASHINGTON: US consumer spending rose in February and income rebounded, further signs economic activity accelerated in the first quarter, even though part of the increase in consumption reflected higher gasoline prices. The Commerce Department said on Friday consumer spending increased 0.7 percent last month after an upwardly revised 0.4 percent rise in January. Spending had previously been estimated to have increased 0.2 percent in January. Economists polled by Reuters had expected spending, which accounts for ...
Indian govt had no outstanding loans from central bank as on March 22 MUMBAI: The Indian government had no outstanding loans from the central bank as of March 22, the Reserve Bank of India said in its weekly statistical supplement on Friday.State governments borrowed 0.38 billion rupees ($6.99 million) from the central bank in the week ended March 22.The federal government had no outstanding loans in the week to March 15, and the state governments had borrowed 4.83 billion rupees from the central bank. Copyright PPI (Pakistan ...
US consumer incomes, spending jump in February WASHINGTON: US consumer incomes and spending gained in February even as paychecks were hit by higher social security deductions, the Department of Commerce said Friday.Consumer spending rose 0.7 percent, or $77.2 billion, from January, while incomes gained 1.1 percent or $143.2 billion.In January incomes plunged 3.7 percent and spending was up a modest 0.4 percent, according to revised data.Consumers' pocketbooks were hit by an increase to payroll taxes from January 1 after enjoying a two-year ...
Turkey central bank sees healthy pickup in demand, tightens liquidity ISTANBUL: Turkey's central bank said on Friday a healthy recovery in domestic demand had started and that its focus in the period ahead would be managing liquidity conditions amid an uncertain global economic environment."Liquidity management will be more important in the forthcoming period. Accordingly, the share of one-month funding was decreased in order to tighten the liquidity conditions to some extent," the bank said in the notes of its latest monetary policy committee meeting, published ...
Japan consumer prices down 0.3pc in February TOKYO: Japan's consumer prices fell 0.3 percent in February year-on-year, official data showed Friday, underlining the tough task the government faces in pulling the economy out of its deflationary spiral.The reading was slightly better than a forecast by economists surveyed by Dow Jones Newswires and the Nikkei, who estimated a drop of 0.4 percent. In January, the index -- which excludes fresh food -- dropped by 0.2 percent on year. February's fall is the fourth ...


Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln