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Japan jobless rate edges up to 3.8pc in July: govt TOKYO: Japan's jobless rate edged up to 3.8 percent in July from 3.7 percent in the previous month, official data showed Friday.Markets had expected the July unemployment rate to remain flat at 3.7 percent.The jobless rate had hit 3.5 percent in May, the lowest since late 1997.A separate survey from the labour ministry showed the ratio of job offers to job seekers stood at 1.10 in July, meaning there were 110 job offers for every 100 job hunters. It remained flat from the previous month, the highest rate since June 1992, according to the labour ministry.The rise in joblessness suggests more people have started seeking work as they see the labour market improving, leading them to be counted as job-seekers, which pushes up the unemployment rate.The internal affairs ministry also said household spending fell 5.9 percent year-on-year in July.Household spending slipped 3.0 percent in June, 8.0 percent in May and ...

Japan factory output edges up 0.2pc on month in July: govt TOKYO: Japan's factory production in July edged up 0.2 percent on-month after tumbling 3.4 percent in June, government data showed Friday.While the fresh reading marked a modest rebound, it was well below market expectations of a 1.2 percent rise in industrial production.Copyright AFP (Agence France-Presse), 2014 ...
Weak Japan data heap pressure on policymakers TOKYO: Japan's economy slowed markedly last month as consumer spending dropped and factory output ran out of steam, data showed Friday, underscoring concerns about the state of the country's recovery.The weak figures come after Japan suffered its biggest quarterly contraction since the 2011 quake-tsunami disaster, as an April sales tax rise slammed the brakes on growth in the world's number three economy.While deflation remained at bay, consumer price growth stalled in July from a month ...
Spanish economy grows at fastest pace since 2007 MADRID: Spain's economy posted its strongest quarterly expansion since 2007 between April and June due to stronger domestic demand, official data showed Thursday, in a further sign of recovery from recession.The Spanish economy, the eurozone's fourth-biggest, grew by 0.6 percent in the second quarter compared with the previous three months, the National Statistics Institute (NSI) said, confirming its preliminary estimate.The promising data came on the same day the NSI said inflation fell by 0.5 percent ...
US economy grew at robust 4.2pc pace in 2nd quarter WASHINGTON: The US Commerce Department raised its estimate for US economic growth to 4.2 percent Thursday, confirming the solid rebound from the first quarter's steep contraction.The department said a fuller set of data showed a higher level of fixed investment by companies and the government, contributing to the 0.2 point upward revision from July's number.It also showed strong gains in corporate profits, possibly boosting the prospects for more hiring that would remove some of the ...
US pending home sales rise sharply, point to stronger market WASHINGTON: Americans signed more contracts in July to buy previously-owned homes than in any month in almost a year, suggesting the housing market was pulling out of its slump more quickly than expected.The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on contracts signed last month, rose 3.3 percent to 105.9, the highest level since August 2013.Analysts polled by Reuters had expected an increase of 0.5 percent last month.The ...
IMF sees downward revision in Latin American growth estimates SANTIAGO: The International Monetary Fund expects to reduce its growth estimates for Latin America in 2014 as investments cool amid a wider commodities-driven slowdown, said the organization's Western Hemisphere Director Alejandro Werner on Thursday.Speaking at a seminar in Chilean capital Santiago, Werner said individual country growth estimates would likely be revised downward for Brazil, Chile, Peru, Argentina and Venezuela."We are seeing a very significant deceleration for Latin America in 2014 that will partially reverse towards ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29

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Foreign Debt $61.805bn
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WeeklyAugust 28, 2014
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