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China manufacturing index hits 18-month high: govt BEIJING: Chinese manufacturing expanded at its strongest pace in 18 months in October, the government said Friday, but analysts cautioned that underlying data suggested a strong economic rebound was unlikely.The official purchasing managers' index (PMI) of activity in factories and workshops around the country climbed to 51.4 last month from 51.1 in September, the National Bureau of Statistics (NBS) said on its website.The reading was the highest since 53.3 in April 2012. Anything above 50 indicates expansion while a figure below signals contraction."China's official PMI rose to 51.4 in October, surprising slightly on the upside, suggesting that the economy is still in an expansion mode," ANZ bank economists Liu Li-Gang and Zhou Hao said in a report after the release.Also Friday British bank HSBC said its PMI had hit a seven-month high of 50.9 in October, unchanged from a preliminary reading last week, but much higher than its September figure ...

China home price rises accelerate in October: survey SHANGHAI: Chinese home prices rose faster in October than the month before on strong demand and the launch of new housing projects, an independent survey showed Friday.Average prices of new homes in 100 major Chinese cities jumped 10.69 percent year-on-year to 10,685 yuan ($1,753) per square metre, said the China Index Academy, which compiled the survey.That was higher than the 9.48 percent rise in September and 8.61 percent increase in August, said the academy, the ...
S.Korea Oct inflation slips to 14-yr low as food prices fall SEOUL: South Korea's annual consumer inflation in October eased to its slowest rate in more than 14 years and further below the central bank's target, data showed on Friday, as prices of food products fell sharply. The consumer price index rose 0.7 percent last month from a year earlier, Statistics Korea said in a statement, the slowest since July 1999 and weaker than the 1.0 percent rise forecast by a Reuters survey of analysts. This ...
US jobless claims fall for 3rd straight week WASHINGTON: US jobless claims fell for the third week in a row, as the impact of the government shutdown earlier in the month appeared to ease, Labor Department data showed Thursday.Initial claims for unemployment benefits fell to 340,000 in the week ending October 26, a decrease of 10,000 from the prior week.The figure was higher than expected as the labor market works through the disruption of the October 1-16 partial government shutdown that furloughed hundreds ...
German consumer confidence steady as retail sales fall FRANKFURT: Consumer confidence in Germany appears to be holding up, even though retail sales in Europe's top economy fell for the second month in a row, data showed on Thursday. "The first survey after the parliamentary elections paints a calm picture," market research company GfK said in a statement."A small uptick in economic expectations suggests that the German economy will recover in the coming months, albeit slowly."The propensity to buy indicator has almost matched the ...
Eurozone inflation falls to four-year low of 0.7pc BRUSSELS: The annual rate of inflation across the 17-country eurozone fell to 0.7 percent in October, its lowest for four years, according to an initial estimate, the EU's data agency Eurostat said Thursday.The rate fell from 1.1 percent in September, just below the 1.2 percent announced a day earlier in the eurozone's top economy of Germany and Spanish data which indicated a drop into deflationary territory there."The last time the eurozone inflation rate was as ...
Eurozone unemployment rises to record 12.2pc in September: Eurostat BRUSSELS: The unemployment rate across the 17-country eurozone hit a record 12.2 percent in September, with about 19.5 million people classed as jobless by EU data agency Eurostat.Thursday's figures showed the August rate had been revised up from 12.0 percent to 12.2 percent.But with an extra 60,000 people registered as unemployed across the single currency area, that meant nearly 19.5 million people were listed as out of work.The seasonally-adjusted figures compare unfavourably with the rate ...

 



 
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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
WeeklyMay 21, 2015
Reserves $17.75 bln