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When Chinese Premier Wen Jiabao entered Tagore International School during a visit to India in December 2010, students there greeted Jiabao in his native language: Mandarin.
Doom and gloom predictions of global economy have been in vogue since the onset of financial crisis. Expressions like double-dip recession, the Great Recession, anaemic growth, two-speed recoveries, and 15-year bear markets, have caught on with economists and non-economists alike.
Banking on a large branch network, renowned brand and a pool of low-cost deposit accounts, each of five biggest banks of the country; namely MCB, UBL, ABL, HBL and NBP posted strong first-half earnings this season. All together these banks raked in Rs40 billion, marking a year-on-year increase in earnings of 24 percent.
Forbes magazines 2011 rankings of 100 most Powerful Women manifests the brewing change in the global political economy. Although, the Power Women list still boasts of celebrities like Lady Gaga (ranked 11), media heavyweights like Oprah Winfrey (14), and lifestyle gurus like Anna Wintour (69), it is appalling how women with economic and business backgrounds have come to dominate the list.
Having reached their 10-year historical peak, gold prices are getting dizzier at the top. Yet, given the unyielding demand generated by punters, investors, and consumers alike, prices are seen stubborn in the days ahead.
The massive surge in urea prices has started influencing the farmers purchasing patterns as the urea off-take for July 2011 slid by nine percent year-on-year. The trend set off at the beginning of the year, when urea prices started to increase following the prolonged gas curtailment across the country.
Moodys warning to downgrade Japan - after the giant slipped back into recession in the first quarter due to falling output and exports following the recent earthquake and tsunami - came true, when it cut Japans debt rating from AAA to AA3 with a stable outlook.


Index Closing Chg%
Arrow DJIA 16,960.57 0.72
Arrow Nasdaq 4,449.56 0.50
Arrow S&P 1,978.34 0.48
Arrow FTSE 6,791.55 0.44
Arrow DAX 9,644.01 1.53
Arrow CAC-40 4,330.55 1.82
Arrow Nikkei 15,457.87 1.13
Arrow H.Seng 24,216.01 0.31
Arrow Sensex 26,126.75 0.55

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln