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US weekly jobless claims fall WASHINGTON: New claims for US unemployment insurance benefits fell last week, returning to a downward trend as the jobs market slowly improves, according to a Labor Department report Thursday.Initial jobless claims fell by 36,000 to 280,000 in the week ending September 13, the department said.Claims jumped well above trend in the prior week, and the department upwardly revised the number by 1,000 to 316,000.New jobless claims, a sign of the pace of layoffs, have been heading lower as the economy posts modest growth.The four-week moving average of claims, which helps to smooth week-over-week volatility, fell by 4,750 to 299,500. A year ago, the number was 322,250.The US unemployment rate slipped a tick to 6.1 percent in August, but job growth disappointed. The economy added only 142,000 jobs, breaking a six-month streak of gains above 200,000.Copyright AFP (Agence France-Presse), 2014 ...

US housing starts tumble in August WASHINGTON: New US home construction fell sharply in August, led by the especially volatile multifamily sector, government data showed Thursday.Housing starts tumbled 14.4 percent from a strong surge in July to an annual rate of 956,000 units, the Commerce Department said.Building permits, which indicate potential construction activity, fell by 5.6 percent last month to an annual rate of 998,000.New construction of single-family homes, the lion's share of the US housing market, slipped 2.4 percent. Starts ...
Greek unemployment drops to 26.6pc in Q2 ATHENS: Greece's jobless rate dropped to 26.6 percent in the second quarter compared with 27.8 percent in the first three months of this year, data from the country's statistics service showed on Thursday.The rate was the lowest recorded since Q4 in 2012, when unemployment reached 26.2 percent.About 74.4 percent of Greece's 1.28 million jobless are long-term unemployed, meaning they have been out of work for at least 12 months, the figures showed.Greece has already published ...
Turkey to cut growth forecasts for this year, next ANKARA: Turkey's economy is expected to grow 3.3-3.4 percent this year and 4 percent in 2015, falling short of government targets due to weak European growth and conflict in the Middle East and Ukraine, a senior economy official told Reuters on Thursday.Finance Minister Mehmet Simsek and Deputy Prime Minister Ali Babacan have indicated Turkey is likely to fall short of its 4 and 5 percent growth targets for this year and next, but have yet ...
ECB hands out cheap credit to banks to boost economy FRANKFURT: The European Central Bank handed out the first of its new four-year loans to banks on Thursday, the flagship tool in a new stimulus package it hopes will stave off price deflation and revive the ailing euro zone economy.Take-up of the 400 billion euro offer of cheap credit from the euro zone's central bank was low but banks will get a second chance in December to apply for the cash, which is granted on ...
UK factory export orders balance slump to 21-month low in Sept LONDON: Demand for British factory exports fell to a 21-month low this month, causing overall orders growth to slow sharply, figures from the Confederation of British Industry showed on Thursday.The numbers follow signs of greater economic weakness in Britain's main euro zone trading partners in recent months, and a warning from the Bank of England on Wednesday that a euro zone slowdown could exact a heavy toll on Britain.The CBI said that its export order ...
China's house prices fall further, economic gloom deepens BEIJING/SHANGHAI: Worries that China's economy may be slowing further intensified on Thursday as data showed home prices fell for the fourth straight month, adding to expectations that Beijing will need to do more to stimulate activity.For now, policy easing is likely to come in the form of help to the most vulnerable sectors, rather than more aggressive steps such as cutting interest rates, but authorities are ready to step in with bolder measures if unemployment ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln