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After reigning supreme for over seven decades, exercising uncontested political and financial dominance worldwide, the World Bank Group (WB) and IMF have now a competitor known as Asian Infrastructure Investment Bank (AIIB) established at Beijing last year with the mandate much similar to that of the WB and the IMF.

A Greek departure from the euro could expose the European Central Bank to losses on tens of billions of credit, a hole Germany and other euro members may have to fill. As political wrangling with Athens freezes the country's access to loans from euro zone states, Greece has been drawing heavily on the ECB, running up an ever larger tab.
In the conflict-torn eastern Ukraine town of Yasynuvata, residents are overcoming their fear and boarding a popular local train for the first time in many months, spurred by the chance to see loved ones. The rail link between Yasynuvata and the city of Lugansk, both controlled by pro-Russian separatists, reopened Saturday following a seven-month break, as a fragile ceasefire signed last month between the rebels and the Ukrainian authorities continued to hold.
"We are practitioners of transactional relationships."
"We should do what the Finns do?'
Rarely do prime ministers congratulate their nations on a slight upgrade in credit rating of the country (in this case by Moody's) but our Prime Minister did so. Remember, how the optimism of credit rating agencies about prospects of the Asset Backed Securities deluded investors, which triggered the 2008 global economic recession - the worst since 1930s?
Last fall, when the price of oil started dropping, fund manager Craig Hodges figured crude would rebound in 2015 and began buying shares of companies he thought would be unfairly hit, including construction company Primoris Services Corp and Eagle Materials Inc, which produces sand used in fracked wells.


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Arrow Sensex 27,957.49 0.07

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln