Just in:  

You are here: Home»World»Business & Economy

Global Business & Economy


Germany to raise tax intake forecast as economy recovers BERLIN: The German Finance Ministry has increased its tax intake forecast to allow for accelerated economic growth and expects to collect 7.1 billion euros more than previously expected between 2015-2018, weekly magazine Spiegel reported on Sunday.A spokeswoman for the ministry declined to comment on the report but said the cabinet was due to discuss the 2014 budget and future financing on March 12, and the tax intake forecast would be announced then.The government expects economic growth of 1.8 percent this year and 2.0 percent next year. High levels of employment and sales tax are expected to boost the intake.Last November the Finance Ministry estimated the central government would collect 277.5 billion euros in 2015, an increase of 3.2 percent on 2014's forecast tax intake of 269 billion euros.Copyright Reuters, 2014 ...

China to aim for 7-8pc economic growth BEIJING: China is aiming for economic growth of between 7 and 8 percent, a level that is good for both the country and the world, Central Bank Governor Zhou Xiaochuan told a G20 meeting in Sydney this weekend. Zhou, in remarks published online on Sunday by the central bank, did not give a time frame for that level, but said the country was working on financial reforms and would keep growth stable. The government has ...
ECB's Praet says price weakness extending into medium-term FRANKFURT: Weakness in euro zone price pressures is extending into the medium-term, the time horizon the European Central Bank looks at when deciding on policy, ECB policymaker Peter Praet said.Praet, who holds the powerful economics portfolio on the ECB's Executive Board, told Portuguese newspaper Expresso: "If our mandate is at risk, we will act without hesitation".The ECB's mandate is to deliver price stability, which it defines as inflation of close to but below 2 percent ...
Vietnam says bad debt at 9pc, below Moody's estimate HANOI: Bad debt in Vietnam is expected to account for about 9 percent of total loans, after careful calculations, below the 15 percent ratio estimated by Moody's Investors Service, the central bank said in a statement.Vietnam has one of Asia's highest ratios of non-performing loans, which has squeezed the economy and led to a tightening of credit needed to boost flagging consumer spending and keep businesses afloat.Banks in Vietnam managed to cut bad debt to ...
US Fed chief Yellen asked for ID at G20 SYDNEY: She might be one of the most powerful women in the world but that didn't wash with security at the G20 in Sydney who reportedly asked Janet Yellen to show her ID.The head of the US Federal Reserve was stopped Saturday as she entered a restaurant at the Intercontinental, one of the host hotels for the weekend summit of finance ministers and central bankers.Wall Street Journal international finance reporter Ian Talley, who was close ...
Moody's upgrades Spain rating one notch with positive outlook MADRID: Moody's Investors Service raised Spain's sovereign debt rating one notch to Baa2 with a "positive" outlook on Friday, praising the country's progress in rebalancing the economy, structural reforms and improved market access.The move comes as Spain emerges from one of its deepest recessions in decades, struggles with record high unemployment where one on four of the workforce are out of a job and fights to narrow one of the euro zone's widest public sector ...
Indonesia, South Africa urge US clarity at G20 SYDNEY: Indonesia and South Africa on Friday stepped up pressure on US monetary policy, urging more clarity and better communication so emerging economies are not caught out by Federal Reserve action.Countries including Indonesia, South Africa, Argentina, Turkey, and India have suffered sharp capital outflows and losses to their currencies as a by-product of the Fed's "taper" -- the winding-back of its mammoth stimulus programme.Indonesian Finance Minister Muhamad Chatib Basri said it was critical that this ...


Index Closing Chg%
Arrow DJIA 17,719.92 0.44
Arrow Nasdaq 5,108.67 0.37
Arrow S&P 2,080.41 0.46
Arrow FTSE 6,356.09 0.30
Arrow DAX 11,382.23 0.78
Arrow CAC-40 4,957.60 0.56
Arrow Nikkei 19,747.47 0.69
Arrow H.Seng 21,996.42 0.33
Arrow Sensex 26,145.67 0.07

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln