JP\/18\/Money<\/p>\n
The Asian Development Bank (ADB) said on Wednesday it approved
\nUS$220 million loans to build a 277-km (173 miles) railway
\nlinking Ganzhou and Longyan in China. The international
\ndevelopment agency also approved a $150 million loan to fund a
\n$455.2-million project to build a new expressway and upgrade
\nexisting roads in Guangxi Zhuang Autonomous Region. -- Reuters<\/p>\n
The Asian Development Bank (ADB) has approved a soft loan worth
\nabout US$25 million to Sri Lanka to support state lending to
\nagriculture-based enterprises, the Philippines-based bank said
\nWednesday. AFP<\/p>\n
U.S. consumer confidence plummeted to a seven-year low in October
\nas terrorist attacks shattered trust in the economy, a survey
\nshowed Tuesday. The private Conference Board's closely watched
\nconsumer confidence index slumped to 85.5 points in October --
\nthe lowest reading since February 1994 -- from 97.0 points in
\nSeptember. -- AFP<\/p>\n
Standard and Poor's on Tuesday cut Argentina's sovereign credit
\nrating, which already held junk bond status, citing the
\nheightened probability of a comprehensive debt restructuring.
\nArgentina's sovereign credit and senior unsecured debt rating was
\ndowngraded to \"CC\" from \"CCC-plus\", it said in a statement. The
\nshort-term sovereign rating was affirmed at \"C\".- AFP
\n
\nPublic confidence in Britain's economy is at its lowest level in
\nmore than a year, according to research published Wednesday by
\nmarket research firm Martin Hamblin GfK. Between September and
\nOctober, confidence as measured by the company's \"Consumer
\nConfidence Barometer\" fell four points to minus 5. -- AP<\/p>\n
Vietnam is expected to lose US$900 million in export earnings
\nthis year because of plunging world prices for its key export
\nitems, the official Vietnam News Agency reported Wednesday.
\nVietnam's key exports of rice, coffee, pepper and cashew nuts
\nhave all suffered declining prices. Coffee prices in particular
\nhave fallen, plunging to 30-year lows. -- AP<\/p>\n
The Thai Cabinet on Tuesday approved a US$2 billion unilateral
\ncurrency swap deal with China that can be used in the event of a
\nforeign exchange crisis, a finance ministry official said.
\nSathit Limpongpan, head of the finance ministry's fiscal policy
\nbureau, told reporters that the final details of the deal would
\nhave to be agreed to by the Bank of Thailand and a contract would
\nthen be signed by the two countries' respective central banks. --
\nAP<\/p>\n
Hong Kong's fiscal deficit for the six months to the end of
\nSeptember totaled HK$60.7 billion (US$7.78 billion), the
\ngovernment said in a statement on Wednesday. Expenditures from
\nApril 1 to Sept.30 amounted to HK$115.3 billion, while revenue
\ntotaled HK$54.6 billion, it said. Fiscal reserves stood at
\nHK$369.5 billion at end-September. -- Reuters<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/jp18money-1447899208",
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"sponsor": "Okusi Associates",
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