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French business slump deepens as firms slash prices: PMI PARIS: France's business downturn deteriorated in October to an eight-month low as firms cut prices at the fastest rate since the global financial crisis in the face of weak demand, a survey showed on Thursday.The pace of price cutting in the euro zone's second-biggest economy may feed European Central Bankconcerns as it battles to ward off deflation in the 18-nation bloc.Data compiler Markit's preliminary composite purchasing managers' index (PMI) for October fell to 48.0 from a final reading of 48.4 in September.That brought the index to its lowest level since February and took it further below the 50 point line denoting expansions in activity."Given that government spending is probably still rising in France, this is probably a sign of stagnation in the economy that we are signalling at the start of the fourth quarter," Markit chief economist Chris Williamson told Reuters."France is certainly acting as one of the key players ...

Euro zone business growth unexpectedly gains pace, prices still falling: PMI LONDON: Euro zone businesses performed much better than anyone expected this month but did so by slashing prices again, and optimism about the future fell to its lowest level in over a year, surveys showed on Thursday.The growth data will provide some relief for the European Central Bank but news that firms cut prices for the 31st month, and at the steepest rate than in almost five years, will stoke fears of deflation in the ...
Polish jobless rate falls to 11.5pc in September, below forecast WARSAW: Poland's registered unemployment rate fell to 11.5 percent in September from 11.7 percent a month earlier, statistics office data showed on Thursday.Analysts polled by Reuters had expected the rate at 11.6 percent.Copyright Reuters, 2014 ...
Manufacturing moving from China to US: survey WASHINGTON: Large manufacturers are increasingly moving production back to the United States from China, according to a new report by The Boston Consulting Group released Thursday.In the third annual survey of US-based senior executives at manufacturing companies with annual sales of at least $1 billion, the number of respondents who said their companies were currently reshoring to the US from China increased 20 percent from a year ago."Given the fact that China's wage costs are ...
Russia takes bite out of McDonald's with US ties in deep freeze MOSCOW: Russian authorities seem to have scented blood as they show no sign of halting a clampdown on US chain McDonald's, launched after the West slapped sanctions on Moscow over its meddling in Ukraine. Ten outlets of the symbolic American eatery are now closed, McDonald's said Wednesday, months after the country's consumer watchdog began inspections at almost half of the burger giant's 451 restaurants nationwide. The hit to operations -- compounded by the closure of ...
New Zealand inflation rate slows to a crawl WELLINGTON: New Zealand's annual inflation rate fell to 1.0 percent in the 12 months to September, official data showed Thursday, dampening expectations of interest rate hikes for the rest of 2014.Statistics New Zealand said the cost of living rose just 0.3 percent in the July-September quarter, well below market forecasts of 0.5 percent, as transport costs fell and food prices remained flat.That put annual inflation at 1.0 percent, the bottom end of the Reserve Bank ...
US inflation ticks up unexpectedly in September WASHINGTON: US consumer prices rose slightly in September, contrary to analysts' expectations, the Labor Department reported Wednesday.The department's consumer price index (CPI), a key measure of inflation, rose by a seasonally adjusted 0.1 percent compared with August.Analysts had expected prices to remain unchanged from August, when they fell 0.2 percent for the first time in a year and a half.On an annualized basis, the CPI remained steady at 1.7 percent in September.A continuing decline in ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
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WeeklyOctober 27, 2014
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