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China August FDI at 2-1/2-year low as factory investments slow BEIJING: China's foreign direct investment fell to a low not seen in at least 2-1/2 years in August, underscoring the challenges to growth facing the world's second-biggest economy.The weak investment data came as China's economic growth appears to be hitting a soft patch after a bounce in June, with indicators ranging from imports to industrial output and investment all pointing to sluggish activity.China attracted $7.2 billion in foreign direct investment in August, the Commerce Ministry said on Tuesday, down 14 percent from a year earlier and at a level not seen since at least February 2012.That left China with $78.3 billion of FDI in the first eight months of 2014, down 1.8 percent from a year earlier."It reflects the downward pressure on the manufacturing sector," said Zhou Hao, an ANZ economist. "The manufacturing sector has not been doing well so it's logical that companies are reducing their investment."FDI is an ...

Israel economy grew 1.5 percent in Q2, weakest in 5 years JERUSALEM: Israel's economy grew at an annualised rate of 1.5 percent in the second quarter, slower than previously thought and its weakest level since early 2009, the Central Bureau of Statistics said on Tuesday.It said the result was due to a bigger drop in exports than earlier calculated.The bureau last month had initially estimated gross domestic product growth in the June-April period at 1.7 percent, which was well below analysts' expectations of 2.5 percent.The downward ...
Irish consumer sentiment slips slightly from seven-year high DUBLIN: Irish consumer sentiment slipped slightly last month from a seven-year high in July as workers remained uncertain how much an improving Irish economy would help their personal finances.The KBC Bank Ireland/ESRI Consumer Sentiment Index fell to 87.1 from 89.4 in July when it hit its highest level since Ireland's economy collapsed after the spectacular bursting of a property bubble in 2008.However the three-month moving average of the series - a measure of the underlying ...
Italy employers slash GDP forecasts, hike deficit, debt ROME: Italy's economy will shrink in 2014 for a third year running, while the public debt will continue to rise, employers' association Confindustria said on Tuesday.Gross domestic product will fall this year by 0.4 percent following declines of 1.9 percent in 2013 and 2.4 percent in 2012, Confindustria said, slashing its previous forecast for growth of 0.2 percent, made in June.Italy's public debt, the second highest in the euro zone after Greece's, will rise to ...
Australia raises 2014/15 beef export forecast as dry conditions linger SYDNEY: Australia raised its forecast for 2014/15 beef exports by 1 percent as continued dry conditions force farmers to slaughter animals at a soaring pace, and said the United States was set to emerge as the biggest customer. Shipments from the world's No.3 beef exporter are expected to total 1.13 million tonnes in 2014/15, the Australian Bureau of Agriculture, Resource Economics and Rural Sciences (ABARES) said on Tuesday, up from June's estimate of 1.12 million ...
Vietnam posts Aug trade surplus of $1.07bn HANOI: Vietnam recorded a trade surplus of $1.07 billion in August, well above an initial government estimate of a surplus of $100 million, Vietnam Customs said on Tuesday. Exports last month rose 2.8 percent from July to $13.272 billion, while imports dropped 5.9 percent from the previous month to $12.198 billion, the Finance Ministry-run Customs Department said on its website. Copyright Reuters, 2014 ...
China's high export growth may not be sustainable BEIJING: Chinese exports may not be able to sustain high growth in the months to come although the country's trade situation is stabilising, trade ministry spokesman Shen Danyang said on Tuesday. China saw no obvious outflows of foreign capital, he said. Copyright Reuters, 2014 ...


Index Closing Chg%
Arrow DJIA 17,279.74 0.08
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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