Egypt's central bank keeps interest rates unchanged

STORY: Egypt's central bank keeps interest rates unchanged DATELINE: Sept. 22, 2023 LENGTH: 00:00:57 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Egypt 2. various of an accountant counting banknotes 3. various of the National Bank of Egypt 4. various of Banque Misr STORYLINE: The Central Bank of Egypt (CBE) decided Thursday to maintain interest rates at current levels. During its meeting, the CBE's Monetary Policy Committee (MPC) kept the overnight deposit rate, overnight lending rate and the rate of the main operation at 19.25 percent, 20.25 percent and 19.75 percent, respectively. The discount rate remained at 19.75 percent. According to Egypt's Central Agency for Public Mobilization and Statistics, the country's year-on-year headline inflation hit a record high of 39.7 percent in August, compared to 38.2 percent in July and 15.3 percent in August 2022. In early August, the CBE raised the interest rates by 100 basis points, or 1 percent, in a bid to contain high inflat

Exploring a unique Thailand at Western China int'l fair

STORY: Exploring a unique Thailand at Western China int'l fair DATELINE: July 1, 2023 LENGTH: 00:02:29 LOCATION: CHENGDU, China CATEGORY: SOCIETY SHOTLIST: 1. various of the fair 2. STANDUP 1 (English): YUAN QIUYUE, Xinhua correspondent 3. STANDUP 2 (English): YUAN QIUYUE, Xinhua correspondent 4. SOUNDBITE 1 (English): SOPA PAIBOON, Chief of the LIAN booth 5. STANDUP 3 (English): YUAN QIUYUE, Xinhua correspondent 6. SOUNDBITE 2 (English): PHATRA SAE-TING, Owner of the Inflat Decor booth STORYLINE: The crispy seaweed. This is very popular in China. Now let's look around these bags. It's so special. Really good. STANDUP 1 (English): YUAN QIUYUE, Xinhua correspondent "This is Yuan from Xinhua News Agency. Now we're at the Thai National Pavilion from the 19th Western China International Fair. Let's explore the exhibition and discover the incredible offerings on display." As the guest of honor at the Fair, Thailand has erected a national pavilion encompassing an exhibition area of 780 square meters. Over 70 d

Wholesale inflation falls to 3.85 percent in India

STORY: Wholesale inflation falls to 3.85 percent in India DATELINE: March 15, 2023 LENGTH: 00:01:31 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of New Delhi's fuel station, wholesale market and electronic market STORYLINE: The rate of wholesale inflation fell to 3.85 percent in February from 4.73 percent in January, according to the data released by the federal Ministry of Commerce and Industry on Tuesday. The fall in the rate of wholesale inflation was primarily attributed to the fall in prices of crude petroleum and natural gas, non-food articles, food products, minerals, computer, electronic and optical products, chemicals and chemical products, electrical equipment and motor vehicles, trailers and semi-trailers. The rate is said to be the lowest in nearly two years even as it stood at 2.51 percent in January 2021. On Monday the federal Ministry of Statistics and Programme Implementation released the official data showing that the rate of retail inflat

Turkey sees 3rd fuel hike in a week amid currency depreciation

STORY: Turkey sees 3rd fuel hike in a week amid currency depreciation DATELINE: June 12, 2022 LENGTH: 00:01:04 LOCATION: ISTANBUL, Turkey CATEGORY: ECONOMY SHOTLIST: 1. various of gas station in Istanbul, Turkey 2. various of cars driving on the highway in Istanbul, Turkey 3. various of exchange office in Istanbul, Turkey 4. various of Turkey's central bank STORYLINE: Turkish consumers on Saturday was struck by the third round of fuel price hike in a week, as a volatile Turkish currency took its toll on the economy, which relies largely on imports. The per liter gasoline price rose by 2.18 liras (about 0.12 U.S. dollars) to nearly 28.5 liras across the country, Birgun daily reported, reflecting an almost 268 percent increase in fuel prices compared with a year ago. The Turkish lira meanwhile is on the way to reaching an all-time low it set in late December last year, with one dollar traded at 17.12 Turkish liras on Saturday. The currency's dramatic decline comes together with ever-increasing inflat