Economy : Page 943

Middle East must invest $700 billion in oil

November 21, 2015 The Saudi Oil minister Ali Al-Naimi estimates that $700 billion will be required to finance energy industry projects in the Middle East over the next ten years.

Latin America's economic prospects not so good in 2016

November 21, 2015 Trade and financial shocks in the form of collapsing commodity prices and reduced availability of external financing have worsened Latin America's economic prospects in the past year.

Conference Board index for U.S. rose sharply in October

November 20, 2015 The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.6 percent in October to 124.1 (2010 = 100), following a 0.1 percent decline in September, and a 0.1 percent decline in August.

China's property market sees weaker price increases

November 20, 2015 China's real estate sector reported slower recovery in October, with new home prices in a declining number of surveyed cities registering month-on-month rises.

Average wages in Spain at lowest level since 2007

November 20, 2015 Average wage in Spain has fallen to its lowest level since 2007, according to figures released by the Spanish Ministry of Finance.

Japan surprises with trade surplus of $902 million

November 20, 2015 Japan posted a trade surplus last month as the value of energy imports slumped on falling oil prices, official data showed.

The world economy to grow moderately

November 19, 2015 The world economy is expected to grow by a moderate 3.1% in 2016, in line with its performance this year.

China's power use drops slightly in October

November 19, 2015 China's electricity consumption, a key barometer of economic activity, edged down 0.2 percent to 449.1 billion kilowatt hours (kwh) in October, official data showed.

Chinese consumption to surge to $6.4 trillion in 2025

November 19, 2015 Chinese consumption is poised to surge from $3.7 trillion in 2014 to $6.4 trillion in 2025, resulting in $56 trillion of cumulative spending over the next decade.

Conference Board LEI for Brazil increased 1.8 percent

November 19, 2015 The Conference Board Leading Economic Index for Brazil, together with Fundação Getulio Vargas (TCB/FGV Brazil LEI), increased 1.8 percent in October.

UK HFI index shows decline in household wellbeing

November 19, 2015 At 44.1, the seasonally adjusted Markit UK Household Finance Index (HFI) pointed to a further decline in financial wellbeing during November.

Bangladesh posts current account surplus of nearly $1 billion

November 19, 2015 Bangladesh recorded a current account surplus of nearly $1 billion in July-September period of the current 2015-2016 fiscal year ending June, a central bank official said.