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India's inflation eases to four-month low MUMBAI: India's inflation slowed to a four-month low in June, data showed Monday, but a weak monsoon could push up food prices and pose headaches for the new government.The Wholesale Price Index, the closest-watched cost of living monitor, rose to 5.43 percent year-on-year in June, the slowest pace since February, and down from 6.01 percent in May, the commerce ministry said in a release.Prime Minister Narendra Modi's right-wing government came to power in May on a pledge to wrestle down stubbornly-high inflation which has angered legions of voters.The government has since ordered states to crack down on hoarders, large traders who keep food in stock while waiting for prices to rise, and set limits on the export of staples such as onions and potatoes.But the mounting threat that a weak annual monsoon, which is vital to farmers, will slash crop production and drive up food prices could encourage the central ...

Singapore launches jobs website favouring locals SINGAPORE: Singapore on Monday launched a jobs website favouring citizens and permanent residents in response to mounting complaints that foreigners are stealing professional jobs from locals.The Workforce Development Agency said the "Jobs Bank" website will match employment opportunities with profiles of locals seeking employment or a change of jobs.From August 1, companies needing professional workers must advertise on the site for at least 14 days before they can seek an employment pass for a foreigner ...
Singapore's economy unexpectedly contracts in second quarter SINGAPORE: Singapore's trade-reliant economy unexpectedly contracted in the second quarter, the government said Monday, as weak global demand weighed on the key manufacturing sector.Gross domestic product (GDP) shrank an annualised 0.8 percent on-quarter in the three months to June, according to advance trade ministry estimates that were below market expectations.The decline was due to a 19.4 percent quarter-on-quarter contraction in the manufacturing sector, the trade ministry said, citing a fall in the output for electronic ...
Singapore GDP shrinks in Q2, first fall in seven quarters SINGAPORE: Singapore's economy contracted in April-June for the first time in seven quarters, hit by a sharp drop in manufacturing activity, but economists said the weak reading was unlikely to alter the outlook for the city-state's tight monetary policy. Singapore's GDP shrank by 0.8 percent in the second quarter on a seasonally adjusted and annualised basis, the Ministry of Trade and Industry's advance estimates showed on Monday, a much weaker outcome than the median forecast ...
Sri Lanka's May trade deficit narrows 47.9pc y/y COLOMBO: Sri Lanka's trade deficit narrowed by 47.9 percent to $393.4 million in May from $754.9 million a year earlier, mainly due to lower imports, central bank data showed on Monday. May exports rose 11.1 percent from a year earlier to $882.1 million, while imports fell 17.6 percent to $1.28 billion. For the first five months of 2014, the trade deficit narrowed more than 19 percent to $3.01 billion from $3.74 billion a year earlier. ...
UK to demand job assurances in foreign takeovers: Sky News LONDON: Britain is to set out proposals to force foreign buyers of key UK companies to make binding commitments to secure jobs and research budgets, Sky News reported on Saturday.Business Secretary Vince Cable is expected to announce the plans shortly to prevent the erosion of Britain's knowledge base, it added.Sky said it understood Cable wants to strengthen the powers of the Takeover Panel, which oversees mergers and takeovers involving British companies.The panel can force foreign ...
Niger economic growth seen at 6.3pc in 2014: IMF NIAMEY: The International Monetary Fund has predicted economic growth for Niger this year of 6.3 percent following a mission to the oil and uranium producer, below the 7.5 percent the government had forecast for the year.The IMF said growth, which was 4.1 percent last year, would be driven by mining and agriculture, and that inflation should remain in check if current policies were maintained.Insecurity in the north, where the country's uranium mines are concentrated, and ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln