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EU/IMF troika wraps up Greek mini-audit before major fall review ATHENS: Inspectors from Greece's EU/IMF lenders have concluded a short, interim checkup of the country's performance under its bailout and will return for a more comprehensive audit in September, a senior Greek finance ministry official said on Wednesday.The scheduled week-long visit by inspectors was an unusually low-profile one to review the pace of reforms and lay the ground for the more crucial audit on fiscal targets and funding gaps in the fall, when talks on new debt relief are also expected to begin."We had constructive talks, they wanted to take stock of where we are in terms of the (bailout) programme. We decided to start our next review in September," said a senior finance ministry official, declining to be named.The two sides held talks on privatisations, structural reforms to make the economy more competitive, tackling bad loans burdening banks and the state of public finances; but no major decisions were ...

British official unemployment rate drops to 6.5pc LONDON: Britain's unemployment rate fell to 6.5 percent in the quarter to the end of May, hitting the lowest level for more than five years, official data showed on Wednesday.The rate for the March-May period compares with 6.6 percent for the three months to the end of April, the Office for National Statistics (ONS) said in a statement.At 6.5 percent, the rate was at its lowest level since late 2008.The ONS added that the number ...
Freer trade and capital flows key to boosting growth, jobs: B20 SYDNEY: Business leaders from the G20 major economies called Wednesday for the freer movement of trade, capital and jobs to boost growth, but avoided addressing the controversial global issues of profit-shifting and climate change.More than 380 international business chiefs are set to attend the B20 summit in Sydney on Thursday and Friday before presenting their proposed growth strategies to the G20 presidency, which is chaired by Australia this year."When you see all the B20 recommendations ...
China's growth speeds up to 7.5pc, beats expectations BEIJING: Chinese growth accelerated to a forecast-beating 7.5 percent in the second quarter, official data showed Wednesday, as government stimulus provided a much-needed boost to the world's second-largest economy.The April-June figure from the National Bureau of Statistics compared with 7.4 percent in the previous three months and exceeded the median forecast of 7.4 percent in a survey of 17 economists by AFP.But some analysts remain pessimistic about the full-year outlook given persistent concerns over the ...
China growth picks up as stimulus pays off, but more support may be needed BEIJING: China's economy grew slightly faster than expected in the second quarter as a burst of government stimulus paid dividends, but analysts said further support was likely to be needed to meet the government's growth target for 2014.The world's second-largest economy grew 7.5 percent in April-June from a year earlier, the government statistics bureau said on Wednesday, just ahead of a median forecast of 7.4 percent in a Reuters poll.A raft of stimulus measures has ...
US retail sales creep higher in June WASHINGTON: US retail sales rose only slightly in June on weaker sales in automobiles and building materials, the government said Tuesday, in a report that still showed momentum in consumer spending.Retail and food services sales rose 0.2 percent in June, and sales excluding autos were up 0.4 percent, the Commerce Department said.The department upwardly revised its May numbers, to a 0.5 percent increase from the prior estimate of 0.3 percent. Ex-auto sales were revised up ...
Turkish budget deficit 3.4bn lira in first half ANKARA: The Turkish budget showed a deficit of 613 million lira ($290 million) in June, bringing the deficit for the first half of the year to 3.4 billion lira, the finance ministry said on Tuesday.The budget primary surplus, which excludes interest payments on debt, stood at 0.96 billion lira in June and at 23.1 billion lira for the first six months as a whole, the ministry said.Copyright Reuters, 2014 ...


Index Closing Chg%
Arrow DJIA 17,086.63 0.16
Arrow Nasdaq 4,473.70 0.40
Arrow S&P 1,987.01 0.18
Arrow FTSE 6,798.15 0.04
Arrow DAX 9,753.56 0.20
Arrow CAC-40 4,376.32 0.16
Arrow Nikkei 15,328.56 0.10
Arrow H.Seng 23,971.87 0.80
Arrow Sensex 26,147.33 0.47

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln