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US consumer prices rebound, underlying inflation firming WASHINGTON: US consumer prices rebounded in February as gasoline prices rose for the first time since June, and there were also signs of an uptick in underlying inflation pressures, which could keep a June interest rate increase on the table.The Labor Department said on Tuesday its Consumer Price Index increased 0.2 percent last month after declining 0.7 percent in January. That ended three straight months of declines in the index.In the 12 months through February, the CPI was unchanged after slipping 0.1 percent in January. Economists polled by Reuters had expected the CPI to rise 0.2 percent from January and slip 0.1 percent from a year ago.Federal Reserve officials have long viewed the energy-driven weakness in inflation as transitory. The U.S. central bank, which has a 2 percent inflation target, has kept its short-term interest rate near zero since December 2008.Fed Chair Janet Yellen said last week policymakers could raise ...

China manufacturing gauge at 11-month low: HSBC BEIJING: China's manufacturing activity contracted in March at its fastest rate in almost a year, HSBC said Tuesday, suggesting worsening conditions in the world's second-largest economy and putting pressure on leaders to further ease monetary policy.The British bank's preliminary purchasing managers index (PMI) came in at 49.2, it said in a statement, below the breakeven point of 50 and the weakest reading since last April, when it hit 48.1.It also slumped from a final reading ...
Eurozone business activity highest for four years: Markit survey BRUSSELS: Eurozone business activity hit a near four-year high in March as the 19-country currency area's modest economic activity continued despite concerns over the Greek debt crisis, a key survey said Tuesday.The closely watched Markit Economics report Composite Purchasing Managers Output Index (PMI) rose to 54.1 points from 53.3 in February, putting it well above the 50-point mark that shows growth."The eurozone's economic recovery gained further momentum in March, with the PMI hitting its highest ...
British inflation falls to zero for first time: data LONDON: Britain's annual inflation rate slowed sharply to zero in February for the first time, pulled down by falling prices for recreational goods, food, furniture and oil, official data showed Tuesday."The Consumer Prices Index (CPI) was unchanged in the year to February 2015, that is, a 12-month rate of 0.0 percent, down from 0.3 percent in January," the Office for National Statistics said in a statement."The main contributions to the slowdown in the rate came ...
Britain sees no inflation in Feb for first time on record LONDON: British inflation vanished last month, hitting zero for the first time on record, official figures showed on Tuesday.The annual rate of consumer price inflation dropped to zero percent, from 0.3 percent in January, the Office for National Statistics said, keeping a rate rise by the Bank of England firmly off the table for now.The decline was bigger than economists had expected and marked the first time there has been no growth in consumer prices ...
Polish jobless rate flat at 12.0 in February, as forecast WARSAW: Poland's registered unemployment rate remained steady at 12.0 percent in February compared to the previous month, the state statistics office said on Tuesday.Analysts polled by Reuters had expected the rate at 12.0 percent.The statistics office said that the number of registered unemployed stood at 1.919 million in February. Copyright Reuters, 2015 ...
Sri Lanka's Jan trade deficit widens 2.7pc yr/yr to $771.9mn COLOMBO: Sri Lanka's trade deficit widened 2.7 percent to $771.9 million in January from $751.5 million a year earlier, central bank data showed on Tuesday.January exports edged up 0.6 percent from a year earlier to $909.8 million, while imports gained 1.6 percent to $1.68 billion.In 2014, the trade deficit widened 9.1 percent to $8.3 billion, while the $76-billion economy recorded a balance-of-payment surplus of $1.38 billion last year, up from $985.4 million in 2013. Copyright ...


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln