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Vietnam may post $100mn trade surplus in August HANOI: Vietnam could post a trade surplus of $100 million in August, which would be its first after three straight months of deficits, a state-run news website reported on Monday, citing government estimates.August exports may rise 0.7 percent from a month earlier to $13 billion, while imports could ease 0.5 percent from July to $12.9 billion, according to news website VnEconomy (vneconomy.vn)It cited forecasts from the government's General Statistics Office (GSO) attributing the surplus to increased exports of cellphones, rice and coal. The GSO is expected to publish the official data this week.The August estimates would bring exports in the first eight months to $97 billion and imports to $95.3 billion, creating a surplus of $1.7 billion, the report said.Vietnam's trade ministry last month said the country could post a trade surplus of $500 million this year as the Southeast Asian nation seeks to reduce its reliance on imports from ...

Israel jobless rate slips to 6.2pc in July JERUSALEM: Israel's unemployment rate fell to 6.2 percent in July from 6.5 percent in June as overall labour force participation declined, the Central Bureau of Statistics said on Monday.The number of employed decreased 0.3 percent to 3.549 million, with 60.3 percent of those aged 15 and over having jobs, down from 60.5 percent in June.The participation rate in the labour force of those 15 and older dropped to 64.2 percent in July from 64.7 percent ...
China's net gold imports from Hong Kong fall to lowest since June 2011 SINGAPORE: China's net gold imports in July from main conduit Hong Kong tumbled to their lowest since June 2011 because of ample supply and as jewellers waited for bargains. July net gold flows into China from Hong Kong dropped to 22.107 tonnes versus 40.543 tonnes in June, according to data e-mailed to Reuters by the Hong Kong Census and Statistics Department.Total gold imports from Hong Kong fell to 38.945 tonnes from 56.047 tonnes in June. ...
Russian economy minister calls for looser fiscal policy MOSCOW: A fiscal rule that prevents Russia from raising government spending reflects "old realities" and should be relaxed, Russian economy minister Alexei Ulyukayev said in a newspaper article published on Monday. Government expenditure is tied to long-term oil prices and borrowing is limited to 1 percent of gross domestic product. However, this system faces criticism at a time when the economy, hit by Western sanctions over Ukraine, risks entering recession. "Now it is evident that ...
Singapore July inflation eases to 4-month low on cheaper transport costs SINGAPORE: Singapore's headline inflation rate in July unexpectedly eased to a four-month low on lower transport costs, but a tight labour market could keep core inflation elevated in coming months. The headline, all-items consumer price index (CPI) in July rose 1.2 percent from a year earlier, data showed on Monday, moderating from June's 1.8 percent rise and matching a 1.2 percent increase recorded in March. The reading was well below the median headline inflation forecast ...
German business confidence index Ifo falls in August FRANKFURT: Germany's Ifo business confidence indicator fell in August, data showed on Monday, as Europe's biggest economy continues to run out of steam. The Ifo economic institute's closely watched business climate index fell to 106.3 points in August from 108.0 in July. Analysts polled by Dow Jones Newswires had expected a shallower dip, to 107.0 points.Copyright AFP (Agence France-Presse), 2014 ...
Kazakhstan's July 1-Aug 20 grain exports fall to 579,600 tonnes ASTANA: Kazakhstan's grain exports fell to 579,600 tonnes between the beginning of this marketing year on July 1 and August 20 from 833,900 tonnes in the same period a year earlier, Agriculture Ministry data showed on Monday. The exports included 296,400 tonnes of flour in grain equivalent versus 347,100 tonnes a year earlier. Exports of grain from Kazakhstan, Central Asia's largest producer and exporter of the commodity, increased to 8.709 million tonnes in the 2013/14 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln