Just in:  

You are here: Home»World»Business & Economy

Global Business & Economy


Brazil to hold rates steady as inflation tops 10pc BRASILIA: Brazil is likely to keep interest rates at a nine-year high this week after inflation climbed past 10 percent in the middle of the worst recession in decades, a Reuters poll showed on Monday. All but one of the 50 economists surveyed expect the central bank to leave its benchmark rate unchanged at 14.25 percent at its Wednesday policy meeting.It will be the last of 2015, which is turning out to be one of the worst years ever for the South American powerhouse. The central bank raised interest rates for nearly a year ending in July to keep prices under control, with little success.The sharp recession could have helped policymakers curb inflation, but a series of tax hikes and a sharp currency devaluation kept price pressures on the rise instead. Annual inflation surpassed 10 percent in mid-November , the highest rate in 12 years and far above the government's ...

Euro zone business growth at four-year high LONDON: Business activity in the euro zone picked up at its fastest pace since mid-2011 this month, and far quicker than expected, as slowing growth in France following the Nov. 13 attacks was offset by a buoyant Germany.While the upturn in activity may be welcomed by European Central Bank policymakers, Monday's surveys showed firms again cut prices, suggesting ultra-loose monetary policy is doing little to get inflation near their 2 percent target."This upbeat survey about ...
Eurozone economy picks up pace in November: survey BRUSSELS: Eurozone business activity hit a four-and-a-half year high in November, helping create much-needed jobs in a broad-based upturn despite the impact on France of the Paris attacks, a key survey showed Monday.Data monitoring company Markit said its closely watched Composite Purchasing Managers Index rose to 54.4 points from 53.9 points in October, putting it well above the 50-point boom-or-bust line.Markit said "employment, new orders and backlogs of work indicators all signalled the strongest monthly ...
German private sector defies economic concerns, grows faster in November: PMI BERLIN: Growth in Germany's private sector accelerated in November, a survey showed on Monday, suggesting Europe's biggest economy is defying worries over a slowdown in China and the emissions scandal at car maker Volkswagen.Markit's flash composite Purchasing Managers' Index (PMI), which tracks manufacturing and services activity and accounts for more than two-thirds of the economy, rose to 54.9 from 54.2 in October - far above the 50 mark that separates growth from contraction for the ...
China seeks to remove provincial barriers to trade BEIJING: China will accelerate reforms to remove internal barriers to both foreign and domestic trade, the country's cabinet said on Monday, a move designed to bolster domestic consumption in its slowing economy.In a comprehensive statement on its website, China's State Council outlined plans to increase economic activity across a wide range of sectors in the world's second-largest economy.China is looking to give both international and domestic investors increased access to the world's second-largest economy in ...
Chinese developer Evergrande strikes $617mn life insurance deal HONG KONG: Chinese property developer Evergrande Real Estate Group Ltd will pay $617 million for a 50 percent stake in a joint-venture life insurer, it said in a stock exchange filing on Sunday. The deal was approved by China's insurance regulator on Friday. Evergrande Nanchang, an indirect wholly owned subsidiary, will pay 3,939,110,600 yuan ($617.08 million) for a 50 percent stake in Great Eastern Life Assurance (China) Co Ltd. After the transaction the insurer will ...
Kuwait to study raising fees for services DUBAI: Kuwait's government is studying whether to raise fees for its services, Finance Minister Anas al-Saleh said in comments published by the local al-Rai newspaper on Sunday.Saleh said the study was part of a project to rationalise spending, review subsidies and diversify sources of revenue."It is not intended only to plug the (budget) deficit resulting from low oil prices - it will be permanent whether oil prices continue to drop or increase," Saleh told the ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln