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Kenya inflation falls to 5.84pc year-on-year in August NAIROBI: A fall in Kenyan food prices slowed inflation to 5.84 percent year-on-year in August from 6.62 percent in the previous month, the statistics office said on Monday. Kenya's food and non-alcoholic drinks segment, which accounts for more than a third of the index, decreased by 0.26 percent between July and August, as favourable weather conditions pushed down the cost of food, the Kenya National Bureau of Statistics (KNBS) said in a statement. But other costs, including gas, electricity and housing, edged up 0.76 percent, partly due to a weakening local currency. Kenya's shilling has lost about 11.5 percent against the dollar this year and policy makers have warned there is a risk it could drive inflation higher. The central bank has a medium term inflation target range of between 2.5 percent and 7.5 percent. Inflation eased from 7.03 percent in June last month, a move that was also attributed ...

German retail sales rise in July FRANKFURT: German retail sales, a closely watched measure of household confidence, rose in July, official data showed on Monday. Retailers' sales increased by 1.4 percent in July compared with June, the federal statistics office Destatis said in a statement.The previous month, retail sales had fallen by 1.0 percent. On a 12-month basis, business increased even more strongly, jumping by 3.3 percent in July compared with the same month last year, the statisticians calculated.Retail sales data ...
Qatar exports plunge over 40pc in year DOHA: Energy-rich Qatar's exports plunged more than 40 percent in value in the year up until July 2015, on the back of a slump in petrol and hydrocarbon sales, official figures showed Sunday.State news agency QNA, citing figures from the development planning and statistics ministry, said exports for July totalled 23.5 billion Qatari riyals ($6.5 billion, 5.8 billion euros).The figure represented a drop of around one percent on June, but a massive 41.7 percent fall ...
IMF's Lagarde says restructuring should suffice for Greek debt ZURICH: A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper.The IMF has yet to make clear if it will participate in the third 86-billion-euro ($96 billion) international bailout that Greece signed up to in early August, having argued in favour of a partial writedown of a debt burden it considers unsustainable in ...
China fears keep markets on edge as stocks rally NEW YORK: Top global markets ended the week Friday largely recovered from China-induced panic selling, but market watchers remain worried the turmoil in the world's number two economy will drag down global growth.After a bout of violent selloffs, the final tally for many stocks was deceptively benign, with the US and European equity markets actually mustering gains for the week, although the Shanghai index lost 7.85 percent over the same period.And worries about China kept ...
Brazil enters recession in second quarter RIO DE JANEIRO: Brazil has fallen back into recession, deepening the gloom in the world's seventh largest economy already battered by falling commodity prices, political crisis and a corruption scandal.In the second quarter of this year, gross domestic product slipped 1.9 percent, according to official figures released Friday. Gross domestic product (GDP) had already been down 0.7 percent in the first quarter, the government statistics agency IBGE said.Brazil's economy has been in trouble for four ...
South Africa's trade minister imposes steel tariffs with conditions CAPE TOWN: South Africa will introduce a new 10 percent customs duty on certain steel products, Trade and Industry Minister Rob Davies said on Friday, aimed at protecting the local manufacturing industry from cheaper Chinese steel imports. Cheap imports from China are hurting steel makers in South Africa, which currently does not have import duties on steel. As many as 200,000 jobs are at risk due to a global supply glut of the commodity, ArcelorMittal ...


Index Closing Chg%
Arrow DJIA 16,472.37 1.23
Arrow Nasdaq 4,707.77 1.74
Arrow S&P 1,951.36 1.43
Arrow FTSE 6,129.98 0.95
Arrow DAX 9,553.07 0.46
Arrow CAC-40 4,458.88 0.73
Arrow Nikkei 17,725.13 0.02
Arrow H.Seng 21,506.09 3.17
Arrow Sensex 26,220.95 0.25

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln