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US mortgage applications rise in latest week: MBA NEW YORK: Applications for US home mortgages rose last week as interest rates declined, an industry group said on Wednesday.The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 0.4 percent in the week ended April 3.The MBA's seasonally adjusted index of refinancing applications fell 3.3 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, rose 6.8 percent to its highest level since July 2013.The refinance share of total mortgage activity fell to 57 percent of applications, its lowest level since October 2014 from 60 percent the week before.Fixed 30-year mortgage rates averaged 3.86 percent in the week, down 3 basis points from 3.89 percent the previous week.The survey covers over 75 percent of U.S. retail residential mortgage applications, according to MBA.Copyright Reuters, 2015 ...

Tanzania inflation rises slightly to 4.3pc in March DAR ES SALAAM: Tanzania's inflation edged up for a second straight month to 4.3 percent year-on-year in March from 4.2 percent in the previous month, the statistics office said on Wednesday.The statistics agency attributed the slight increase to a jump in the food and non-alcoholic beverages inflation, which increased to 5.9 percent from 4.9 percent.Items whose prices went up during the period included rice, which rose by 5 percent and vegetables, whose prices went up ...
Polish jobless rate to fall 0.4-0.5pc points in April: deputy labour minister WARSAW: Poland's unemployment rate should fall by 0.4 to 0.5 percentage points in April from the 11.7 percent jobless rate in March, the deputy labour minister said on Wednesday."I expect a faster decline for the jobless rate in April than in March, taking into account weather conditions and the fact the seasonal jobs launch in April," Jacek Mecina told Reuters. "I think the fall should be at 0.4-0.5 percentage points."Copyright Reuters, 2015 ...
France announces plan to boost business investment PARIS: Firms are to be given bigger tax rebates on investments as part of reforms announced on Wednesday to boost business activity and help the slow revival of France's economy.Flat business investment remains a drag on the improving outlook for the euro zone's second-largest economy at a time when consumer spending and exports are picking up.The government will allocate 2.5 billion euros ($2.72 billion) over five years for tax rebates to boost investment, Prime Minister ...
Thai Q1 GDP growth seen above 2.3pc y/y BANGKOK: Thailand's economy is expected to have expanded in the first quarter by more than the 2.3 percent recorded in the fourth quarter of 2014 compared with a year earlier, Deputy Prime Minister Pridiyathorn Devakula said on Wednesday."The Thai economy has bottomed out," Pridiyathorn told reporters. "GDP growth in the first quarter should come above that in the fourth quarter."Exports have been weak and are expected to register flat or 1.0 percent growth for the ...
German factory orders slip again in February BERLIN: German industrial orders, a key measure of demand for goods in Europe's top economy, fell again in February, the economy ministry said Wednesday, disappointing analysts who had hoped for a rebound.Provisional official data showed a 0.9-percent month-on-month decline, following a sharp 2.6-percent drop in January, according to revised figures.Analysts polled by financial services firm FactSet had pencilled in growth of 1.5 percent for February.For the three-month period covering December, January and February, which economists ...
Japan posts eighth straight current-account surplus in February TOKYO: Japan's current account surplus more than doubled year-on-year in February, with lower oil prices helping narrow trade deficits and a weaker yen boosting repatriated returns on foreign investment, official data showed Wednesday.Japan logged a surplus of 1.44 trillion yen ($12 billion), up 140.5 percent from a year earlier, the finance ministry said, as the nation posted a surplus for the eighth straight month.The current account is the broadest measure of the country's trade with ...


Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln