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IMF says to start loan talks with Hungary next week  WASHINGTON: The International Monetary Fund said on Thursday it will send a mission to Hungary on Tuesday to begin talks with the authorities on a standby loan program after lawmakers approved changes to a disputed central bank law. IMF spokesman Gerry Rice said Hungary would treat the joint IMF-European Union program as "precautionary" and did not intend to draw any of the funds. "A mission will be on the ground starting on Tuesday," Rice told a news briefing. "I would not want to preempt that work by going much further (but) clearly the dialogue relationship is active." Copyright Reuters, 2012 ...

OECD says employment still below pre-crisis level  PARIS: First-quarter employment across the 34-nation OECD area stood at 64.9 percent of working age people, the organisation said Thursday, or 1.6 percentage points lower than before the 2008 economic crisis. The Organisation for Economic Cooperation and Development said that 528 million people between the age of 15-64 were employed, or two million fewer than in the second quarter of 2008. "Only in Chile, Germany and Turkey are employment rates significantly higher today than at the onset ...
Polish Jan-May trade gap widens to 5.0bn euros  WARSAWL: Poland's trade deficit widened to 5.0 billion euros ($6.12 billion) in the January-May period of 2012 from 3.72 billion euros in the first four months of the year, statistics office data showed on Thursday. Exports rose 2.2 percent year-on-year between January and May to 57.05 billion euros. Imports rose 0.1 percent to 62.05 billion euros, the data also showed. Copyright Reuters, 2012 ...
Romanian IMF deal still stands, politics separate: IMF  VIENNA: Romania's standby agreement with the International Monetary Fund still stands, and the politics surrounding the goverment's attempt to oust suspended President Traian Basescu will be treated separately, a senior fund official said on Thursday. "We have a standby agreement. It's still in operation. The government has not implied otherwise, so it stands," IMF Deputy Managing Director Nemat Shafik told reporters on the sidelines of a conference in Vienna. "I think the politics will be separate from ...
Brazil SAO PAULO: Brazil's economy avoided an expected contraction but remained stalled in May, central bank data showed on Thursday, underscoring the case for a campaign of aggressive interest rate cuts by the central bank to stimulate growth. The Brazilian central bank said its IBC-Br economic activity index, a gauge of activity in farming, manufacturing and services, fell a seasonally adjusted 0.02 percent from April. The median estimate in a Reuters survey of seven analysts was for a ...
India industrial output rises by 2.4pc in May NEW DELHI: India's industrial output growth rebounded by a surprise 2.4 percent in May after shrinking the previous month, data showed Thursday, bringing some cheer after a string of gloomy economic numbers. The 2.4 percent rise in production by the country's factories, mines and electrical power plants -- while still subdued -- beat financial market forecasts of around a 1.8 percent rise. May's industrial growth resurgence came after a revised 0.9 percent contraction the previous month and ...
Inflation stable in France in June: official data  PARIS: French consumer prices were stable in June after falling by 0.1 percent in May, the national INSEE statistics agency said on Friday. Year on year, the inflation rate slowed to 1.9 percent, it said.     Lower energy prices were offset by a rise in the cost of food and services linked to tourism and to a lesser extent, manufactured goods Comsumer prices had been rising steadily since August, hitting a peak of around 2.5 percent, but have ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln