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South Korea revised Sept exports unchanged vs previous estimate SEOUL: Revised customs data issued on Monday showed South Korean exports in September fell 1.5 percent from a year earlier -- unchanged from preliminary estimates released earlier this month. Exports to the crisis-hit European Union fell 8.9 percent in September from a year earlier, while those to China rose by 1.4 percent. Shipments to the United States fell 1.6 percent last month year-on-year. Copyright Reuters, 2013 ...

Most British manufacturers want to stay in EU: poll LONDON: Eight out of 10 British manufacturers would choose to stay in the European Union if a referendum on membership of the 28-nation bloc were held today, a survey found on Monday.The results feed into a debate over Britain's future in Europe that could help decide if Prime Minister David Cameron wins a second term in office at the next election in 2015.Cameron has promised to try to renegotiate Britain's EU ties and hold an ...
New Zealand house prices rise in September: REINZ WELLINGTON: New Zealand house prices rose to a record high in September, while the number of houses sold increased on the previous month, the Real Estate Institute of NZ (REINZ) said on Monday.The REINZ's house price index rose 0.8 percent from August, to be 9.8 percent higher than the same month last year. The number of houses sold was up 2.6 percent on the month before.The housing market has picked up since early last year, ...
Singapore seen standing pat on monetary policy as Q3 GDP SINGAPORE: Singapore's central bank is expected to keep monetary policy on hold next week as it stays on guard against inflation while an expected contraction in third-quarter GDP is likely to be a temporary blip.The Monetary Authority of Singapore will continue to let the local dollar appreciate at its current trajectory, 15 of 16 economists surveyed by Reuters predicted ahead of its half-yearly monetary policy statement due next Monday at 8 a.m. (0000 GMT).On the ...
As crisis fades, G20 tries to get its mojo back WASHINGTON: Top officials for the world's biggest economic powers get nostalgic over how they mobilized to save the world from economic collapse in 2008. They are not nearly so glowing about their current muddle.At meetings held in Washington last week, there was a sense that the Group of 20, which brings together policymakers who oversee the vast majority of global output, has grown bogged down by a sprawling agenda no longer focused by crisis."It's very ...
Egypt's economy grew by 2.1pc in year to end-June CAIRO: Egypt's economy grew by 2.1 pct in the year to end-June, the state news agency MENA quoted Planning Minister Ashraf al-Arabi as saying on Sunday, down from the 2.2 percent reported in 2011/12.The economy saw several years of 7 percent growth before the popular uprising that brought down Hosni Mubarak in February 2011, but since then has suffered from a collapse in tourism and foreign investment and an increase in domestic labour disputes.Copyright AFP ...
Italy to ease tax rules on bank loan losses MILAN: Italy's new budget proposes to give banks and insurance companies more speedy tax breaks on loan losses and writedowns in a move that will help lenders to clean up their balance sheets.The tax provisions in the budget due to be presented to parliament on Tuesday follow lobbying by Italy's banks for deductions to be frontloaded instead of spread over 18 years.Before calculating their taxes, lenders and insurers will be allowed to subtract from their ...

 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln