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IMF OK's $918mn in financial assistance for Ghana WASHINGTON: The International Monetary Fund on Friday approved a three-year $918 million financial assistance deal for Ghana aimed at restoring economic stability and boosting job growth. In a short statement, the IMF said a disbursement of about $114.8 million would be available immediately.Copyright Reuters, 2015 ...

French economy to pick up but jobless at record highs: forecast PARIS: France's economy, the second-largest in the eurozone, will perk up slightly in the first half of the year but unemployment is expected to stay at record highs, according to forecasts.In estimates released late Thursday, the INSEE national statistics office said the economy would grow by 0.4 percent in the first quarter of the year and by 0.3 percent in the second.The forecasts suggest there is a good chance the French economy will grow faster ...
Japan year-end bonuses show first rise in six years TOKYO: Japanese wage earners' total cash earnings rose for a third straight month in February and winter bonuses grew for the first time in six years in 2014, government data showed, a positive sign for Tokyo's efforts to end nearly two decades of deflation.However, inflation-adjusted real wages fell 2.0 percent in February from a year earlier, down for a 22nd straight month and hurting household purchasing power.The rate of decline narrowed from January's 2.3 percent ...
Malaysia's Feb exports down 9.7pc y/y, sliding more than expected KUALA LUMPUR: Malaysia's exports fell 9.7 percent in February from a year earlier, the biggest drop since September 2009, due to a continued slump in oil prices and a weakening Chinese economy that cut the value of commodity shipments, government data showed on Friday.Imports were up 0.4 percent from a year earlier due to an increase in electrical and electronic products, as well as metal products.A Reuters poll had forecast exports would drop 1.9 percent, ...
South Korea pursues talks with North over Kaesong wage hike SEOUL: South Korea said on Friday it will push for talks in the coming week with the North over their Kaesong joint industrial zone, after reports Pyongyang has taken fresh steps to unilaterally implement a wage hike.The North announced last month that it would raise wages of the roughly 54,000 North Korean workers employed in the 125 South Korean firms operating in Kaesong.South Korea demurred, insisting that employment conditions in the zone could only be ...
Canada housing agency to up some mortgage insurance premiums OTTAWA: Canada's federal housing agency said on Thursday it will increase mortgage loan insurance premiums for homebuyers with a less than 10 percent down payment as of the beginning of June. Premiums will increase by approximately 15 percent, the Canada Mortgage and Housing Corp (CMHC) said. Effected borrowers will see an increase of about C$5 ($4) to their monthly mortgage payment, while the changes do not apply to mortgages currently insured by CMHC. Copyright Reuters, ...
Falling oil imports shrink US trade gap in February WASHINGTON: The US trade deficit plunged in February to a five-year low as the country's oil import bill continued to drop and West Coast port strikes slowed traffic.The second straight fall in the trade gap could suggest slightly stronger growth in the US economy in the first months of the year than previously estimated as the Federal Reserve weighs an increase in ultra-low interest rates.The trade gap fell to $35.4 billion in February, diving almost ...


Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln