Just in:  

You are here: Home»World»Business & Economy

Global Business & Economy


Euro zone inflation slightly exceeds forecasts in August BRUSSELS: An increase in rents and car-repair prices lifted euro zone inflation in August slightly higher than a first estimate, a small piece of good news for the European Central Bank but not one that radically changes the economic outlook.Consumer inflation in the 18 countries sharing the euro rose 0.1 percent month-on-month in August for a 0.4 percent year-on-year increase, the EU's statistics office Eurostat said on Wednesday, revising upwards its initial estimate, from Aug. 29, of a 0.3 percent annual gain.That leaves the inflation rate unchanged from July."Every positive surprise is welcome in terms of market psychology and for the European Central Bank," said Frederik Ducrozet, an economist at Credit Agricole."But it is far from the kind of shift you need to rule out QE," he said, referring to quantitative easing, the programme of bond purchases the United States and Britain have used to lift their economies.Eurostat said that ...

Sri Lanka July trade deficit widens 55.2pc y/y COLOMBO: Sri Lanka's trade deficit in July widened 55.2 percent to $890.6 million from $573.7 million a year earlier, mainly due to higher imports of fuel, central bank data showed on Wednesday.July exports gained 11.1 percent from a year earlier to $954.7 million, while imports jumped 28.8 percent to $1.85 billion.For the first seven months of 2014, the trade deficit narrowed 11.5 percent to $4.44 billion from $5.01 billion a year earlier.Copyright Reuters, 2014 ...
US mortgage applications rise in latest week: MBA NEW YORK: Applications for US home mortgages rose last week as both purchase and refinancing applications jumped, 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 7.9 percent in the week ended Sept. 12.The MBA's seasonally adjusted index of refinancing applications climbed 10.3 percent, while the gauge of loan requests for home purchases, a leading indicator of ...
China to give more financial aid to small firms BEIJING: China will boost its support for small firms by cutting their taxes, increasing their subsidies and encouraging banks to step up lending to them, Premier Li Keqiang said on Wednesday.Companies with monthly sales revenues between 20,000 yuan and 30,000 yuan ($3,258 and $4,887) will have their tax bills waived, Li told a weekly meeting of the State Council, or cabinet, in remarks published on the government's website.To reward small and micro-sized companies that hire ...
Singapore Aug exports jump, but shipments to key markets slow SINGAPORE: Singapore's exports in August rose more than expected thanks to a jump in chemical product shipments, although exports to major markets slowed in a sign that the city-state's economy is being hobbled by an uneven global recovery. Non-oil domestic exports (NODX) increased 6.0 percent in August from a year earlier, trade agency International Enterprise Singapore said on Wednesday in a statement. That compared with a 2.6 percent growth forecast in a Reuters poll, and ...
Indonesia's loan growth continues slowing trend in July JAKARTA: Indonesia's loan growth in July slowed to 15.7 percent on a yearly basis, compared with 17.2 percent in June, the country's financial services authority, Otoritas Jasa Keuangan (OJK) said on Wednesday. Loan growth has been on a slowing trend since the central bank tightened monetary policy from June to November last year by raising the benchmark interest rate 175 basis points to 7.5 percent. Indonesia's broad money supply (M2) growth rose 11 percent in ...
Trade views in advanced, developing economies differ greatly: study WASHINGTON: Developing countries and advanced economies differ greatly in their level of "skepticism" towards international trade and foreign investment, a study of people across 44 countries revealed Tuesday.A median of 81 percent of those surveyed believed that international trade and global business ties were good things, according to a study by the US-based Pew Research Center.However, views on trade, jobs and wages varied greatly between nations, with people from advanced economies, in particular France, Italy, ...


Index Closing Chg%
Arrow DJIA 17,055.87 0.68
Arrow Nasdaq 4,508.69 0.42
Arrow S&P 1,982.77 0.58
Arrow FTSE 6,676.08 1.44
Arrow DAX 9,595.03 1.58
Arrow CAC-40 4,359.35 1.87
Arrow Nikkei 16,205.90 0.71
Arrow H.Seng 23,837.07 0.49
Arrow Sensex 26,775.69 1.58

Banking Review 2013

Buy new style hair wigs at cheap price on

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln