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Tag Archives: Economists

South African economists forecast to 4.7% in June, prices rise by 0.4%

CAPE TOWN: Economists forecast to 4.7 percent in June, prompting investors to pare bets of an interest rate increase tomorrow. Inflation accelerated from 4.6 percent in May, the Pretoria-based statistics office said on its website on Wednesday. The median estimate of 24 economists surveyed by Bloomberg was 5 percent. Prices rose 0.4 percent in the month. Analysts are divided on ... Read More »

Chile govt’s spending to grow 3.6pc in 2015

SANTIAGO: Finance Minister Alberto Arenas has decided to pick up economy in 2015 and grow 3.6pc versus 2014 while presenting 2015 public spending budget plan. The minister disclosed that the government’s spending will rise 9.8pc in 2015, the biggest increase since the 2009 recession, as the government aims to boost investment in education and healthcare to revive an economy growing ... Read More »

Yen falls against dollar as global stocks rise on US report

LONDON: The yen dipped for a second day versus the dollar while stocks climbed around the world before U.S. reports this week that economists said will show an improving labor market. Japan’s currency also weakened versus all of its 16 major counterparts as a rally in crude oil prices reduced demand for haven assets. The dollar strengthened for a fifth ... Read More »

Opening: KSE bounces back, crosses 30,000 level

KARACHI: The Karachi Stock Exchange (KSE) 100-index took a good start and once again crossed the psychological barrier of 30,000, gaining 155.89 points to reach 30138.34 with volume of 831,561,540 shares till 9:45am on Friday, the last day of trading. Yesterday, benchmark KSE-100 index lost 138.54 points on closing to reach 29982.45 points and volume of 80,322,100 shares. Earlier, the ... Read More »

Pakistan proposes trade agreements with Russia

ISLAMABAD: The federal government has formed a committee headed by Finance Minister Ishaq Dar to address the concerns of exporters regarding lack of coordination with Russian Customs authorities. The government has also proposed the Russian Federation to ink Preferential Trade Agreement (PTA) and Free Trade Agreement (FTA) with Pakistan Customs, however, Russian Customs decided to respond after consultation with all stakeholders ... Read More »