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Microsoft readies new Xbox as entertainment hub SAN FRANCISCO: Microsoft offers a glimpse Tuesday at a new-generation Xbox as videogame consoles evolve into home entertainment centers and adapt to competition from smartphones and tablets.A tented stage has been set up at the technology giant's headquarters in the city of Redmond in Washington State for an "Xbox Reveal" event to play out just weeks before a major annual E3 videogame conference in Los Angeles.The console debut, to be streamed worldwide to Internet-linked Xbox 360 consoles, will spotlight the hardware and platform while Microsoft will show off games at E3."We are really going to tell one story across two events," Aaron Greenberg of Microsoft's interactive entertainment division said in an interview posted online."That's about revealing the next Xbox platform and our vision for the future of games and the future of entertainment."Microsoft has sold approximately 77 million Xbox 360 consoles since they hit the market in late 2005. Console ...


Japanese thriller gets biggest boos in Cannes race CANNES: A blood-soaked vengeance tale from Japan drew the biggest boos in the race for the Cannes Film Festival's top prize Monday, with critics savaging a "risible" parade of cliches.Controversial Japanese director Takashi Miike unveiled "Shield of Straw" (Wara No Tate) about a nationwide bounty hunt for a child rapist who murders the seven-year-old granddaughter of a billionaire politician.The man offers a one-billion-yen ($9.7-million) reward for the criminal's capture and killing.The offer touches off a ...

The Doors keyboardist Ray Manzarek dies at 74 LOS ANGELES: Ray Manzarek, co-founder of legendary 1960s group The Doors and creator of their signature organ sound, died Monday after a long battle with cancer, his manager said. He was 74.Manzarek formed the group -- whose worldwide hits included "Light My Fire" and "L.A. Woman" -- with Jim Morrison in 1965 after the two met by chance in Venice Beach, California.He died surrounded by his wife Dorothy and brothers Rick and James in a ...

Australian zoo says white rhino birth 'sign of hope' SYDNEY: An Australian zoo said Tuesday the birth of a southern white rhinoceros was a "sign of hope" for the species given the escalation of poaching in Africa.Taronga Western Plains Zoo said the yet-to-be-named male calf was born to first-time mother Mopani in the safari-style animal park in Dubbo, 400 kilometres (250 miles) west of Sydney, on May 14."It seems the first rain we had in Dubbo in a number of months helped bring on ...

Mobiles offer financial lifeline to Asian migrants: study BANGKOK: Asia's mobile revolution is set to transform the region's financial services industry, offering a cheap way for millions of migrant workers to send money home to their families, a report said on Monday.Nearly 60 million migrant workers from the Asia-Pacific region sent almost $260 billion home to their families in 2012, according to the study, co-authored by the World Bank and the International Fund for Agricultural Development.An estimated 70 million Asian households -- one ...


 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln