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British unemployment rate drops below 7.0pc LONDON: Britain's unemployment rate dropped to a five-year low point of 6.9 percent in the quarter to February, as the country's economic recovery picks up speed before next year's general election.The rate dropped from 7.2 percent in the quarter to January, the Office for National Statistics said in a statement, while the fall was bigger than expected with analysts forecasting a drop to 7.1 percent."Latest estimates for December 2013 to February 2014 show that employment continued to increase, unemployment continued to fall, as did the number of economically inactive people aged from 16 to 64," the ONS said. "These changes continue the general direction of movement over the past two years," it added.British finance minister George Osborne hailed Wednesday's data as "very good news"."Coming alongside yesterday's lower inflation, they are compelling evidence that our economic plan is working," the chancellor of the exchequer said in a statement. The coalition government ...

Russian GDP contracts 0.5pc in Q1 2014 from Q4 2013: minister MOSCOW: Russia's economy shrank by 0.5 percent in the first quarter of 2014 from output in the final quarter of 2013, a minister said on Wednesday in comments highlighting the risk of a recession due to the standoff in Ukraine.Economy Minister Alexei Ulyukayev said that the economy grew just 0.8 percent in the first quarter of 2014 from activity in the same period last year, but contracted 0.5 percent from the fourth quarter after seasonal ...
New Zealand inflation surprises on downside WELLINGTON: New Zealand's inflation rate rose just 0.3 percent quarter-on-quarter in January-March but the lower than expected figure is unlikely to stop the central bank raising interest rates again, analysts said Wednesday. Statistics New Zealand said the rise, largely driven by an increase in tobacco tax and surging house prices, put the annual inflation rate at 1.5 percent, well within the central bank's 1.0-3.0 target.But TD Securities head of Asia-Pacific research Annette Beacher said inflationary ...
China's economy grows 7.4pc in first quarter: govt BEIJING: China's gross domestic product grew 7.4 percent in the first three months of the year, official data showed Wednesday, increasing the chances Beijing will move to stanch a slowdown in the world's number two economy.The year on year figure is sharply down from the 7.7 percent expansion in the final three months of 2013, with the National Bureau of Statistics (NBS) blaming a slower-than-expected global recovery as well as economic structural reforms at home.However, ...
NZ inflation to nudge up in Q1, rate hikes loom WELLINGTON: New Zealand inflation is seen nudging higher in the first quarter, which would confirm price pressures in the strongly growing economy are accumulating, with the central bank set to steadily raise rates over the next two years. A Reuters poll expects the consumer price index to have risen 0.5 percent in the three months to March 31, taking the annual print to 1.7 percent, the highest since the end of 2011. "Inflation turned a ...
Singapore says economy slowed sharply in January-March SINGAPORE: Singapore's economic growth slowed sharply in the first three months of the year, data showed Monday, but the central bank stood pat on monetary policy saying it would be lifted by a pick-up in global growth.Preliminary estimates showed the city-state's trade-reliant economy expanded a seasonally adjusted 0.1 percent quarter on quarter, the trade ministry said. That compared with 6.1 percent expansion in October-December.The ministry said growth was hit by a 1.8 percent quarter-on-quarter contraction ...
Further Russian incursions will hurt Ukraine economy: central bank WASHINGTON: Russia's further incursions into eastern Ukraine would have serious macroeconomic consequences, destabilizing banks and crimping Ukraine's national output, the central bank governor said on Sunday.Many of Ukraine's biggest factories and some of its agricultural production lie in the east, where pro-Russian separatists have taken up arms and occupied government buildings."The main risk (to the economy) has a political-occupational character," National Bank of Ukraine Governor Stepan Kubiv said in an interview on the sidelines of ...


Index Closing Chg%
Arrow DJIA 16,501.65 0.08
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Arrow H.Seng 22,509.64 0.97
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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