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British unemployment rate hits new five-year low at 6pc LONDON: Britain's unemployment rate sank to 6.0 percent in the quarter to the end of August, reaching the lowest point since late 2008, official data showed on Wednesday.The rate for the June-August period compares with 6.2 percent for the three months to the end of July, the Office for National Statistics (ONS) said in a statement.The number of unemployed meanwhile dropped by 154,000 to stand at 1.97 million people, it added.Copyright AFP (Agence France-Presse), 2014 ...

German inflation stuck at 0.8pc for third month in a row FRANKFURT: Inflation in Germany, Europe's biggest economy, remained stuck at an ultra-low level for the third month in a row in September, final data showed on Wednesday.Confirming to a flash estimate released at the end of September, the federal statistics office Destatis calculated in final data that German inflation stood at just 0.8 percent year-on-year last month, unchanged since July.The last time inflation in Germany was lower than 0.8 percent was in February 2010. Inflation ...
South Korea unemployment rate unchanged in Sept SEOUL: South Korea's unemployment rate was unchanged in September, with young people still struggling in a tough job market, government data showed Wednesday.The seasonally adjusted jobless rate stood at 3.5 percent, showing no movement from the August figure, Statistics Korea said.The unemployment rate for those aged 15-29 was 8.5 percent in September, slightly up from 8.4 percent the month before and 7.7 percent July."Job cuts grew in agriculture and fisheries as wholesale and retail businesses, ...
South Korea cuts interest rate for second time in three months SEOUL: South Korea's central bank cut interest rates for the second time in three months on Wednesday and lowered its economic growth estimate for 2014 to reflect sluggish markets at home and abroad.The Bank of Korea (BOK), which has come under government pressure to help inject some pace into the country's slow economic recovery, cut its benchmark rate by 25 basis points to 2.0 percent.It followed a similar cut in August that ended a 15-month ...
India wholesale inflation tumbles to 5-year low NEW DELHI: India posted better inflation data for a second straight day Tuesday, stirring hopes it is making headway in taming prices and will be able to cut interest rates to spur a sluggish economy.Wholesale inflation slowed to a five-year low of 2.38 percent last month, its weakest since October 2009, commerce ministry data showed.The encouraging figures came a day after the release of figures showing that the more widely tracked consumer price inflation fell ...
Ireland unveils post-austerity budget, ends tax loophole LONDON: Ireland moved beyond the cycle of tax hikes and spending cuts on Tuesday with a new budget that also tightened the country's corporate tax rules. "The road we have travelled to get to this point has been very difficult," Finance Minister Michael Noonan said."Budget 2015 is about securing the recovery".Spending minister Brendan Howlin said the budget "marks the end of budget austerity."Since 2008, Ireland has taken almost 30 billion euros ($38 billion) in spending ...
US small business confidence declines in September: NFIB WASHINGTON: US small business optimism fell in September as more owners said they expected a slowdown in profits and sales, tightening credit conditions and a harder time filling job openings, according to a survey released on Tuesday.The National Federation of Independent Business said its Small Business Optimism Index fell 0.8 point to 95.3. The index is now five points below where it was before the start of the 2007-2009 financial crisis and recession.Six of the ...


Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln