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Canada annual inflation rate cools to 2pc in Nov OTTAWA: Canada's annual inflation rate cooled in November as gasoline prices tumbled, bringing the rate in line with the Bank of Canada's targeted level, data from Statistics Canada showed on Friday. The annualized inflation rate pulled back to 2.0 percent from October's strong 2.4 percent, falling short of economists' forecasts for 2.2 percent. Core inflation, which strips out volatile items and is closely watched by the Bank of Canada, pulled back to 2.1 percent, which was also short of expectations for a rise to 2.4 percent. A 5.9 percent drop in gasoline prices was the main driver of the slower yearly rise in overall inflation.Gasoline prices were at their lowest level since February 2011 in November, falling alongside crude oil prices. Still, consumer prices increased in seven of the eight major components, led by higher costs for shelter and food.On a monthly basis, overall inflation edged down 0.4 percent, and ...

Turkish inflation expectations improve but no immediate rate cut seen ISTANBUL: Oil and commodity price falls have helped bring down inflation expectations in Turkey, a central bank survey showed on Friday, although economists expect no immediate interest rate cuts.The average forecast for year-end inflation fell to 9.02 percent from November's 9.22 percent in the bank's monthly survey of business leaders' and economists' expectations. Inflation in 12 months' time was seen at 7.21 percent, down from 7.5 percent in last month's survey. But despite the optimism, ...
Indonesia's October loan growth slows to 12.6pc JAKARTA: Indonesia's loan growth in October slowed to 12.6 percent from a year earlier, compared with 13.2 percent in September, the financial services authority said on Friday.Loan growth has slowed since the central bank tightened monetary policy from June to November last year, raising the benchmark interest rate 175 basis points to 7.5 percent.Bank Indonesia in November raised interest rates for the first time in a year, increasing it by 25 basis points to 7.75 ...
Anti-austerity, free trade protest snarls Brussels EU quarter BRUSSELS: Some 1,000 protestors against austerity and a massive EU-US free trade deal surrounded the main European Union buildings in central Brussels Friday, snarling rush-hour traffic as police closed roads.The protest, bringing together farmers on their tractors and various environmental groups, was meant to coincide with the second day of an EU leaders summit but that wrapped up late Thursday instead.On a normally busy road junction next to the European Commission's imposing headquarters building, the ...
German consumer confidence grows at year-end: survey BERLIN: Consumer confidence in Germany saw a boost in December as shoppers hit the stores for Christmas and looked ahead to the new year with optimism, a poll found on Friday.After stabilising in November following several months of decline, "consumer sentiment showed solid development in December," market research company GfK said in a statement."The consumer climate is continuing its upward trend." Looking ahead to 2015, GfK's headline household confidence index was forecast to rise to ...
Saudi oil supplies to China seen flat for 2nd year BEIJING: Saudi Aramco is expected to keep crude oil supply to China under an annual contract largely unchanged next year, the second year of flat demand as Chinese refiners anticipate ample supplies in the spot market and lack of new refining capacity.Contractual volumes from the world's top exporter is set at around 1.1 million barrels per day for 2015, though there maybe some variations in the actual amount of oil to Chinese refiners, traders with ...
India's 2014/15 GDP growth seen at around 5.5pc NEW DELHI: India's economy is expected to grow at around 5.5 percent in the fiscal year to March 2015, the finance ministry said in a report tabled in parliament on Friday.If the forecast materialises, it would mark an improvement from two successive years of below 5 percent growth.In the first six months of the fiscal year, Asia's third-largest economy grew an annual 5.5 percent.Copyright Reuters, 2014 ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln