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Bubble trouble hits Hong Kong jade sales HONG KONG: Prized as a magical imperial stone, jade is a status symbol of the super rich in Asia, but rocketing prices in the top-end of the market have left traders in Hong Kong struggling to find buyers.With the cost of high-quality raw jade and jade products surging repeatedly in the past eight years, prices tags are now becoming prohibitive and experts predict the bubble must soon burst as buyers are stepping back.Driven up by the appetite of wealthy Chinese, the rising cost of jade is also being fuelled by fears of a shortage in supply from Myanmar, the key source."Consumers cannot accept the current high prices, therefore, no deal is reached," Hong Kong jade dealer Li Kwong-kei told AFP at the Hong Kong Jewellery and Gem Fair Friday.Li, who has participated in the fair for more than 10 years, said it was quieter than in 2011 and 2012."We are ...


J.K. Rowling returns to wizarding world for screenplay debut LONDON: Best-selling "Harry Potter" author J.K. Rowling will return to the wizarding world for her screenplay debut with a film inspired by one of her fictional boy wizard's textbooks. Rowling has agreed to write the screenplay for "Fantastic Beasts and Where to Find Them", a film from Warner Bros. based on the adventures of Newt Scamander - the fictional author of a Hogwarts textbook of the same name. Copyright Reuters, 2013

Chinese e-car set for 'Transformers' movie debut SHANGHAI/BEIJING: A Chinese-made car is set to make its international movie debut in the fourth "Transformers" film next year in a product placement aimed at raising the profile of Chinese models abroad. The Trumpchi E-jet, a sleek, plug-in electric hybrid developed by state-owned Guangzhou Automobile Group Co Ltd (GAC) , will feature in "Transformers: Age of Extinction", the fourth in the popular movie franchise due for release in mid-2014, said two people close to GAC, ...

Julianne Moore joins cast of 'The Hunger Games: Mockingjay' LOS ANGELES: Actress Julianne Moore will be dipping her toes into the young adult film universe with a key role in the two-part final installment of "The Hunger Games," the film franchise's distributor Lionsgate said on Friday. Oscar-nominated actress Moore, 52, will play President Alma Coin in "Mockingjay" parts 1 and 2. Coin is the leader of the rebel alliance against the dictatorship running the fictional capital city Panem in the novel's dystopian future setting. ...

Woody Allen to receive Golden Globe's Cecil B. DeMille award LOS ANGELES: American director Woody Allen will be honored with the Cecil B. DeMille award for his contribution to cinema, the organizers of the Golden Globe Awards said on Friday.Allen, 77, best known for his 1978 film "Annie Hall," for which he won Oscars as best director and for best original screenplay, will be honored at the annual Golden Globe Awards in January, the Hollywood Foreign Press Association (HFPA) said. Copyright Reuters, 2013 ...

Kanye West charged over LA airport run-in LOS ANGELES: Rapper Kanye West was charged Friday with battery and attempted theft after he allegedly attacked a paparazzi photographer at Los Angeles International airport in July, officials said.Cameraman Daniel Ramos, who filmed the incident in which West allegedly attacked him and tried to seize his camera, filed a lawsuit last month alleging assault, battery and negligence against the US rapper. "When Kanye West attacked me, I was in complete shock," Ramos told a news ...

Perky US housewives, safari girl guides at London Fashion Week LONDON: Popular British trio Sister by Sibling took their inspiration from 1950s America at London Fashion Week on Saturday, but their perky collection would have had many of those suburban housewives choking over their tupperware.Sid Bryan, Joe Bates and Cozette McCreery created an image of "domestic glamour" with pastel colours and classic swing coats, oversized jerseys and pencil skirts, accessorised with fluffy stilettos and big hair.But these clothes are for women with a sense of ...


 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln