Eurozone jobless rate falls to lowest level in over 4 years

BRUSSELS, Rabi’I 27, 1437, Jan 7, 2016, SPA — Official figures show that unemployment across the 19-country eurozone has fallen to its lowest rate in a little more than four years, AP reported.
Statistics agency Eurostat says Thursday that the unemployment rate fell to 10.5 percent in November from 10.6 percent the previous month. The rate has not been lower since October 2011 when the region was mired in a debt crisis that raised questions over the future of the single currency bloc.
The statistics agency says the number of unemployed fell by 130,000 people during the month, taking the total down to 16.9 million people.

13:14 LOCAL TIME 10:14 GMT

TP-LINK Launches Smartphone Neffos C5 Series

SHENZHEN, China, Jan. 7, 2016 /PRNewswire/ — TP-LINK has officially announced the launch of its mobile phone Neffos and released detailed technical specifications of Neffos C5 Series, TP-LINK’s pioneering generation of smartphones. Photo – The Neffos trio features high running speed, large storage space, smart multithreaded background program and powerful camera to offer a balanced […]

قمة الأعمال العالمية لـ “أيرتل” و”إيكونوميك تايمز” تعلن عن نسختها الثانية للتعريف بـ “قواعد النظام الاقتصادي العالمي الجديد”

نيودلهي، 7 يناير/ كانون الثاني 2016 /بي آر نيوز واير– لقد كانت قمة The Economic Times Global Business Summit لعام 2015، الساحة التي حدد من خلالها رئيس الوزراء الهندي الموقر نارندرا مودي، للمرة الأولى، معالم رؤيته الاقتصادية والتنموية الكبرى للبلاد. وخلال هذا الحدث أيضا، وصف الخبير الاقتصادي بول كروجمان الحاصل على جائزة نوبل، الهند بأنها […]

شركة تي بي- لنك تطلق سلسلة الهاتف الجوال نيفوس سي 5

شنجن، الصين، 7 كانون الثاني/يناير، 2016 / بي أر نيوزواير / — أعلنت شركة تي بي -لنك رسميا عن إطلاقها هاتفها الجوال نيفوس وأصدرت مواصفات تقنية مفصلة عن سلسلة هاتف نيفوس سي 5، وهي التي تمثل الجيل الرائد من هواتف تي بي- لنك الجوالة. الصورة: وتتضمن ميزات هاتف نيفوس الثلاثية سرعة التشغيل العالية، ومساحة […]

China FX reserves fall $512.66 bln in 2015, biggest annual drop on record

BEIJING, Rabi’I 27, 1437, Jan 7, 2016, SPA — China’s foreign exchange reserves, the world’s largest, fell $107.9 billion in December to $3.33 trillion, the biggest monthly drop on record, Reuters quoted central bank data as showing on Thursday.

The December figure missed market expectations of $3.40 trillion, according to a Reuters poll.

China’s foreign exchange reserves fell $512.66 billion in 2015, the biggest annual drop on record.

The value of its gold reserves stood at $60.19 billion at the end of December, up from $59.52 billion at the end of November, the People’s Bank of China said on its website.

Gold reserves stood at 56.66 million fine troy ounces at the end of December, up from 56.05 million at end-November.

China’s International Monetary Fund (IMF) reserve position was at $4.55 billion, down from $4.60 billion the previous month. It held $10.28 billion of IMF Special Drawing Rights at the end of last month, compared with $10.18 billion at the end of November.

12:23 LOCAL TIME 09:23 GMT

Asian stocks fall

HONG KONG, Rabi’I 27, 1437, January 07, 2016, SPA — Chinese stocks nosedived on Thursday, triggering the second daylong trading halt of the week and sending share markets, currencies and oil prices lower as investor jitters rippled across Asia, AP reported.
The benchmark Shanghai Composite Index tumbled 7.3 percent to 3,115.89 before new “circuit breakers” suspended trading for the day. The smaller Shenzhen Composite Index slumped 8.3 percent to 1,955.88.
Government measures introduced last year to prop up share prices after a meltdown in June are being gradually withdrawn while investors are also unnerved by possible signs China’s economy is in worse condition than thought.
The Shanghai benchmark has dropped 12 percent so far this year, which is barely a week old. Thursday’s market plunge may have been exacerbated by investors rushing to sell before they were locked out, some analysts said.
Among other Asian stock markets, Japan’s benchmark Nikkei 225 index fell 2.3 percent to 17,771.97 and South Korea’s Kospi lost 0.9 percent to 1,907.32.
Hong Kong’s Hang Seng shed 2.8 percent to 20,401.54 and Australia’s S&P/ASX 200 retreated 2.2 percent to 5,010.30.
Benchmarks in Taiwan, New Zealand and Southeast Asia also fell.
Oil prices touched their lowest in more than a decade. Benchmark U.S. crude futures fell 85 cents, or 2.5 percent, to $33.10, the lowest price since January 2004, in electronic trading on the New York Mercantile Exchange. The contract on Thursday dropped $2, or 5.6 percent, to settle at $33.97 a barrel. Brent crude, a benchmark for international oils, fell $1.14, or 3.3 percent, to $33.09 a barrel in London.
In currency markets, the dollar fell to 117.95 yen from 118.67 yen in the previous day’s trading as investors bought the yen as a safe haven.
Some other Asian currencies retreated in concert with the yuan. The dollar gained 0.1 percent against the South Korean won and rose 0.3 percent against India’s rupee. The Australian dollar fell 0.6 percent.
euro to $1.0825 from $1.0778.
12:18 LOCAL TIME 09:18 GMT