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US existing-home sales tick up in February WASHINGTON: US existing-home sales rebounded slightly in February but gains were held back by higher prices, the National Association of Realtors said Monday.Total sales of used homes rose 1.2 percent to an annual rate of 4.88 million units in February, led by sales of single-family homes, the largest part of the housing market.In January, sales had fallen 4.9 percent month-over-month to the slowest pace in nine months.Sales in February faced unusually cold winter weather and severe snowstorms in large parts of the country.Lawrence Yun, NAR chief economist, said that tight inventory was pushing prices to "near-unsuitable levels" in several areas of the country."Stronger price growth is a boon for homeowners looking to build additional equity, but it continues to be an obstacle for current buyers looking to close before rates rise," Yun said in a statement."With all indications pointing to a rate increase from the Federal Reserve this year -- ...

Tanzania's current account deficit narrows 4.7pc in year to Jan DAR ES SALAAM: Tanzania's current account deficit narrowed 4.7 percent in the year to January, after exports of manufactured goods and tourism earnings increased, the central bank said on Monday.The deficit narrowed to $4.822 billion in the 12 months to January from $5.059 billion in the same period in 2014, the Bank of Tanzania said in its latest monthly economic report."The improvement was mainly attributed to an increase in exports of goods and services as ...
Singapore Feb CPI fall marks longest drop since 2009, policy easing seen SINGAPORE: Singapore's consumer prices fell in February for a fourth-consecutive month, the longest slide in more than five years, underscoring expectations that the central bank may ease monetary policy further in April.The all-items consumer price index fell 0.3 percent in February from a year earlier, official data showed on Monday. Headline inflation had been expected to fall 0.2 percent, according to a Reuters poll.The index has been falling on a year-on-year basis since November, pressured ...
UK factory orders stagnate in March, hit by sliding exports: CBI LONDON: British factory orders stagnated unexpectedly in March, hurt by the sharpest decline of new business from abroad in more than two years, an industry survey showed on Monday.The Confederation of British Industry survey's total order book balance fell to zero in March, a five-month low, from +10 in February, though it is still well above its long-run average. Economists polled by Reuters had forecast a much smaller fall to +9.The new export orders balanced ...
Thai Feb exports seen down 3.24pc y/y, factory output to drop again BANGKOK: Thailand's customs-cleared exports probably fell about 3.24 percent in February from a year earlier, while imports and industrial output were also likely to have declined, a Reuters poll showed.In January, exports fell 3.46 percent on the year. Thai exports, which have long been weak, are equivalent to more than 60 percent of the country's gross domestic product.Imports were forecast to have fallen 1.0 percent year-on-year in February, a far smaller fall than the 13.33 ...
IMF says Swiss central bank could ease policy via asset purchases ZURICH: Switzerland's central bank should consider easing monetary policy further to limit a slowdown in economic growth, potentially through pre-announced asset purchases, the International Monetary Fund (IMF) said on Monday.Such purchases could consist of foreign-currency assets and some domestic assets, with their pace adjusted as necessary in response to developments, the IMF said in a statement.The Swiss National Bank removed a 1.20 per euro cap on the Swiss franc in mid-January, sending the domestic currency ...
Russia may ban fruit imports from Serbia MOSCOW: Russia's food safety watchdog said on Monday it suspected Serbia of re-exporting Polish apples and was considering banning all fruit imports from the non-EU country, Russian news agency RIA reported.Russia banned all fruit imports from the European Union as part of a wider embargo imposed in August in retaliation to Western sanctions over Moscow's role in the Ukraine conflict. Copyright Reuters, 2015 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln