image
image
image
 
 
 

 

You are here:  Home   |   Business   |   Economy

 

Sunday 21, December 2014

 
 
 




 

Economy


Fitch raises Egypt’s credit rating to ‘B’

By: Web Desk, Uploaded: 20th December 2014

Fitch raises Egypt’s credit rating to ‘B’ WASHINGTON: – Fitch Ratings upgraded Egypt’s credit rating one rank to “B” with a “stable” outlook Friday, saying the authorities seemed committed to major reforms. “Fuel subsidy cuts and tax hikes have been implemented as part of a clear five-year fiscal consolidation strategy,” Fitch said in upgrading Egypt from a “B-” rating. “Power shortages are...


China total GDP revised up 3.4% in 2013: govt

By: Web Desk, Uploaded: 19th December 2014

China total GDP revised up 3.4% in 2013: govt Beijing: China’s gross domestic product (GDP) turned out to be 3.4 percent larger last year than originally announced, the government said on Friday after a national survey — a revision equal to about the size of Malaysia’s economy. The world’s second biggest economy was valued at 58.80 trillion yuan ($9.5 trillion currently) in 2013, the...


German consumer confidence grows at year-end: survey

By: Web Desk, Uploaded: 19th December 2014

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...


China total GDP revised up 3.4% in 2013: govt

By: Web Desk, Uploaded: 19th December 2014

China total GDP revised up 3.4% in 2013: govt BEIJING: – China’s gross domestic product (GDP) turned out to be 3.4 percent larger last year than originally announced, the government said Friday after a national survey — a revision equal to about the size of Malaysia’s economy. The world’s second biggest economy was valued at 58.80 trillion yuan ($9.5 trillion currently) in 2013, the...


BoJ strikes more upbeat view on economy, holds off fresh measures

By: Web Desk, Uploaded: 19th December 2014

BoJ strikes more upbeat view on economy, holds off fresh measures TOKYO: – The Bank of Japan on Friday struck a slightly more upbeat view of the world’s number three economy, saying exports were showing signs of picking up while factory output has started to “bottom out”. The comments came after policymakers wrapped up a two-day meeting where they decided to hold off fresh easing measures,...


Currency crisis poses Putin his biggest challenge

By: Web Desk, Uploaded: 18th December 2014

Currency crisis poses Putin his biggest challenge by Karim TALBI MOSCOW: – He crushed Chechnya’s rebellion, pushed back Russia’s frontiers and restored the pride of a nation humiliated by the demise of the Soviet Union. But 15 years after he came to power Vladimir Putin’s faces his biggest challenge yet: how to manage the worst monetary crisis of his era. Both as...


Spain’s family-run shops face last Christmas as rent controls end

By: Web Desk, Uploaded: 18th December 2014

Spain’s family-run shops face last Christmas as rent controls end by Daniel SILVA MADRID: – On Madrid’s main shopping street, the Gran Via, a toy store that has sold handmade dolls since it opened in 1942 just after Spain’s Civil War, is preparing to close after the Christmas rush. Dolls decked out in classical clothes overflow in the large window of the shop, which is...


Japan trade deficit shrinks again November, but exports weak

By: Web Desk, Uploaded: 17th December 2014

Japan trade deficit shrinks again November, but exports weak TOKYO: – Japan’s trade deficit in November shrank by nearly a third from a year ago, helped by higher exports and falling oil bills, although the volume of shipments to foreign markets remained weak, official data showed Wednesday. The figures come after Japanese Prime Minister Shinzo Abe swept weekend elections he had billed as a...


US Congress extends dozens of tax breaks

By: Hassaan Ali, Uploaded: 17th December 2014

US Congress extends dozens of tax breaks WASHINGTON: – The US Senate approved a sweeping package of tax breaks Tuesday, sending to President Barack Obama a bill that allows individuals and corporations to save billions of dollars on their 2014 taxes. On the Senate’s final day of the year, lawmakers passed some 55 so-called tax extenders, deductions that expired at the end...


Obama signs huge spending bill

By: Web Desk, Uploaded: 17th December 2014

Obama signs huge spending bill WASHINGTON:- President Barack Obama on Tuesday signed a spending bill to keep most of the federal government funded for almost a year, the White House said. Obama signed the act “which provides fiscal year 2015 full-year appropriations through September 30, 2015 for all agencies except the Department of Homeland Security, for which appropriations are provided...


US Congress extends dozens of tax breaks

By: Web Desk, Uploaded: 17th December 2014

US Congress extends dozens of tax breaks WASHINGTON: – The US Senate approved a sweeping package of tax breaks Tuesday, sending to President Barack Obama a bill that allows individuals and corporations to save billions of dollars on their 2014 taxes. On the Senate’s final day of the year, lawmakers passed some 55 so-called tax extenders, deductions that expired at the end...


Taiwan’s ailing economy major challenge for leadership hopefuls

By: Web Desk, Uploaded: 17th December 2014

Taiwan’s ailing economy major challenge for leadership hopefuls by Amber WANG, Benjamin YEH TAIPEI, Dec  17, 2014 (AFP) – As baker Lin Hsiao-an sits hoping for more customers to save her beloved but shrinking business she rails against Taiwan’s leaders for the slowing economy that has turned many angry voters against the government ahead of presidential elections. Lin, 36, opened her Taipei cake...


Indonesian rupiah weakest since Asian financial crisis

By: Hassaan Ali, Uploaded: 15th December 2014

Indonesian rupiah weakest since Asian financial crisis JAKARTA:- The Indonesian rupiah Monday sank to its lowest level against the dollar since the Asian financial crisis 16 years ago, as emerging markets are hit hard by signs of recovery in the US. The unit was down 1.8 percent in early afternoon trade, at 12,690 to the dollar, its lowest level since August 1998,...


Japan business confidence down in December quarter: BoJ

By: Web Desk, Uploaded: 15th December 2014

Japan business confidence down in December quarter: BoJ TOKYO: – Confidence among major Japanese manufacturers edged down in the three months to December, a quarterly central bank survey showed Monday, underscoring the lacklustre state of the world’s third largest economy. The Bank of Japan’s closely watched Tankan survey showed confidence among large manufacturers stood at plus 12 against plus 13 in the September...


Malaysia Airlines shares suspended as part of rescue plan

By: Hassaan Ali, Uploaded: 15th December 2014

Malaysia Airlines shares suspended as part of rescue plan KUALA LUMPUR:- Malaysia Airlines suspended its shares from the country’s stock exchange Monday under a government rescue plan for the flag carrier which is fighting for survival after losing two planes this year. The airline, whose already loss-making operations took a further beating after the two tragedies, said in a notice to the Kuala Lumpur...


Job losses as 175 Australian govt agencies face scrap: reports

By: Web Desk, Uploaded: 13th December 2014

Job losses as 175 Australian govt agencies face scrap: reports SYDNEY: – Australia’s government warned of further job losses Saturday as media reports said around 175 government agencies working in areas as diverse as Antarctic science and drought will be scrapped. The conservative administration of Prime Minister Tony Abbott which came to power in September 2013 has consistently argued that government had become too big...


Weekly Inflation down by 0.54%

By: Hassaan Ali, Uploaded: 12th December 2014

Weekly Inflation down by 0.54% ISLAMABAD:-The Sensitive Price Indicator (SPI) for the week ended on December 11 for the lowest income group up to Rs. 8,000 registered decrease of 0.54 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 203.37 points against 204.47 points registered in the...


China November industrial output up 7.2% on-year: govt

By: Web Desk, Uploaded: 12th December 2014

China November industrial output up 7.2% on-year: govt BEIJING: – China’s industrial production, which measures output at factories, workshops and mines in the world’s second-largest economy, rose 7.2 percent year-on-year in November, the government said Friday. Retail sales, a key indicator of consumer spending, increased 11.7 percent in the same month, the National Bureau of Statistics said, while fixed asset investment, a measure...


US House approves $1.1 trillion spending bill, averts shutdown

By: Web Desk, Uploaded: 12th December 2014

US House approves $1.1 trillion spending bill, averts shutdown by Michael Mathes WASHINGTON: – Facing intense pressure to avoid a government shutdown, the US House of Representatives narrowly passed a $1.1 trillion federal spending bill Thursday, sending it to the Senate after it was ushered through barely two hours before a midnight deadline. The 219-206 vote followed a bruising day of arm-twisting by the...


Dollar rises as confidence in US economy grows

By: Web Desk, Uploaded: 12th December 2014

Dollar rises as confidence in US economy grows TOKYO: – The dollar rose against other currencies in Asia on Friday as a strong US retail sales report reinforced investor confidence in the world’s largest economy. The dollar was at 118.81 yen in afternoon trade compared with 118.65 yen in New York and sharply higher than the 117.67 yen touched earlier Thursday in Tokyo....


China November industrial output at three-month low

By: Hassaan Ali, Uploaded: 12th December 2014

China November industrial output at three-month low BEIJING:- China’s industrial output expanded at its slowest pace in three months in November, official data showed Friday, with other key indicators also pointing to weakness in the world’s second-largest economy. Industrial production, which measures output at factories, workshops and mines, rose 7.2 percent year-on-year last month, the weakest since August’s 6.9 percent, data from...


China angles for Central America influence in US ‘backyard’

By: Web Desk, Uploaded: 12th December 2014

China angles for Central America influence in US ‘backyard’ by Katell ABIVEN MANAGUA: – With ambitious plans for a canal through Nicaragua and a Honduran hydroelectric dam, Chinese firms are increasingly testing the waters in Central America, a region long considered the United States’ backyard. The audacious canal project, which would rival the US-built Panama Canal, underlines China’s growing global power but has also...


Dollar rises as confidence in US economy grows

By: Web Desk, Uploaded: 12th December 2014

Dollar rises as confidence in US economy grows TOKYO: – The dollar rose against other currencies in Asia on Friday as a strong US retail sales report reinforced investor confidence in the world’s largest economy. The dollar was at 119.08 yen in midday trade compared with 118.65 yen in New York and sharply higher than the 117.67 yen touched earlier Thursday in Tokyo....


US House approves spending bill to avoid government shutdown

By: Web Desk, Uploaded: 12th December 2014

US House approves spending bill to avoid government shutdown WASHINGTON:- The US House of Representatives narrowly approved a $1.1 trillion, nine-month federal spending bill late Thursday, barely two hours before a midnight government shutdown deadline. The 219-206 vote followed a bruising day of arm-twisting by the White House after dozens of Democrats split with President Barack Obama over the legislation that funds most federal...


US budget leaves IMF reforms in doubt

By: Web Desk, Uploaded: 11th December 2014

US budget leaves IMF reforms in doubt by Paul HANDLEY WASHINGTON: – Crucial reforms of the International Monetary Fund were left hanging Wednesday after the US Congress failed to endorse them in the final budget legislation of the year. The IMF had held out hopes that the reforms, backed by the White House but needing Congress to ratify them, would be accepted...


Australia’s unemployment rate at 12-year high

By: Hassaan Ali, Uploaded: 11th December 2014

Australia’s unemployment rate at 12-year high SYDNEY:- Australia’s jobless rate rose to its highest level in 12 years in November, data showed Thursday, as more people looked for jobs in a softening economy hurt by falling commodity prices and weak Chinese demand. The unemployment rate edged up to 6.3 percent in the month as 42,700 jobs were added to the economy,...


1  |  2  |  3  |  
 
 
 



 
 
 



Poll

Does Islam support education and guidance of adolescents on issues of growing up?

View Results

Loading ... Loading ...


 

 






 
 

This material may not be published, broadcast, rewritten, redistributed or derived from. Unless otherwise stated, all content is copyrighted © Copyright 2013 AAJ NEWS. All rights reserved.