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Portugal business confidence stable in September LISBON: Portugal's economic climate indicator was flat in September, remaining at its highest level since mid-2008 as the economy recovers further from a deep recession.The economic climate indicator, which measures business confidence, stood at plus 0.7 in September, unchanged from August, the National Statistics Institute (INE) said on Monday. It has been rising since January 2013.INE said its consumer confidence indicator rose to a negative reading of 24.6 in September, from minus 25.5 in August.The indices started rebounding at the start of 2013, when Portugal began to recover from its debt crisis which led to the worst economic slump since the 1970s. This year, the economy is expected to grow for the first time since 2010.Copyright Reuters, 2014 ...

Thai Sept main inflation rate seen steady at 2pc BANGKOK: Thailand's annual headline inflation rate in September was probably steady at 2.0 percent, with the core rate also little changed at 1.84 percent, a Reuters poll showed.In August, annual headline inflation was 2.09 percent and the core rate - which strips out fresh food and energy prices - was 1.83 percent.The central bank aims to keep core inflation between 0.5-3.0 percent and sets policy to achieve that.Inflation in Thailand has been relatively benign, curbed ...
Euro zone sentiment worsens in Sept, inflation expectations fall BRUSSELS: Euro zone economic sentiment deteriorated in September to levels last seen in late 2013 and inflation expectations among households and producers alike continued to fall.The European Commission said on Monday that economic sentiment in the 18 countries sharing the euro fell to 99.9 this month from 100.6 in August. Economists polled by Reuters had expected a decline to 100.0.The index was weighed down by less optimistic consumers, retailers and industry. The only sectors where ...
Russia needs to work hard to meet tight budget: Finance Minister MOSCOW: Russia's newly approved budget rests on optimistic GDP forecasts as well as high oil prices, forcing the government to work hard to meet its projected growth rates, Finance Minister Anton Siluanov said.The 2015-2017 budget, Russia's tightest since the global financial crisis and its first since the Ukraine crisis erupted, was approved last week. It forecasts gross domestic product growth of 1.2 percent next year, and 2.3 percent and 3 percent in the following years."There ...
Dubai's Emaar Properties says malls unit IPO priced at top of range DUBAI: Dubai's Emaar Properties confirmed on Monday that the initial sale of shares in its malls unit priced at the top of the proposed range amid massive demand from investors, making it the largest stock offer in a Gulf Arab economy since 2008.Shares in the initial public offer of Emaar Malls Group (EMG) were priced at 2.90 dirhams per share, giving an overall sale value of 5.8 billion dirhams ($1.58 billion), the parent firm said ...
Fitch, S&P say no immediate impact on Hong Kong's ratings from unrest HONG KONG: Clashes between Hong Kong police and pro-democracy supporters won't significantly affect the city's credit ratings in the short term unless they last long enough to have a material impact on the economy, Fitch and Standard & Poor's (S&P) said on Monday.Fitch has a rating of "AA-plus" with a stable outlook while S&P has rated the former British colony a notch higher having assigned it the highest AAA-rating."It would be negative if the protests ...
China revises Q2 current account surplus to $73.4bn BEIJING: China revised its current account surplus for the second quarter to $73.4 billion from a preliminary figure of $72.2 billion, the country's foreign exchange regulator showed on Monday.The State Administration of Foreign Exchange(SAFE) also revised down its capital and financial account deficit for the second quarter to $16.2 billion from an initial figure of $36.9 billion, it said in a statement on its website, www.safe.gov.cn.Copyright Reuters, 2014 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln