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German Bund yields slightly higher after Scotland votes 'No' LONDON: German 10-year Bund yields rose slightly in early trade in Europe on Friday, with some investors offloading some of the top-rated debt purchased on the back of uncertainty over Scotland's independence referendum. Results showed support for staying part of the United Kingdom had now exceeded 50 percent of the turnout, meaning that the secession camp could not win the vote. "It will bring some relief, mostly in the UK but it will have spillovers to the euro area markets," said Jan von Gerich, chief fixed income analyst at Nordea. "In the core, some of the safety flows should be unwound." Ten-year Bund yields rose 2 basis points to 1.065 percent. Bund futures will start trading at 0600 GMT, with trading in other euro zone markets expected to pick up an hour later. Copyright Reuters, 2014

Google to boost Android encryption, joining Apple SAN FRANCISCO: Google and Apple on Thursday said they are hardening encryption tactics on devices powered by their mobile operating systems and tossing away the keys.The move should mean that even the government with its court-issued warrants will be blocked from getting hold of pictures, messages and other personal data stored on forthcoming Android or Apple smartphones and tablets.Google and Apple are among Internet titans intent on firming up trust shaken by revelations of massive ...

Treasuries prices slip as Fed forecasts boost short-maturity yields NEW YORK: US Treasury debt prices turned down on Thursday, with investors driving some shorter-maturity yields to highs not seen since 2011 after the Federal Reserve on Wednesday raised forecasts for some interest rates.Yields on two-year notes touched a high of 0.597 percent before settling back to 0.585 percent on a 2/32 price decline. That level was last seen in May 2011.Three- and five-year yields were also up sharply. Prices for three-year notes were off ...

Air France scraps 60pc of flights as unions reject strike offer PARIS: French flag carrier Air France was forced to scrap around 60 percent of flights on Thursday, as unions rejected a fresh offer to end a strike now in its fourth day. Pilots' union SNPL slapped down as "largely insufficient" an offer from Air France to limit the operations of its low-cost subsidiary Transavia France, whose planned expansion has sparked the strike.And the situation will improve only marginally on Friday, with just less than half ...

Malaysia central bank holds rates steady, sees steady growth path KUALA LUMPUR: Malaysia's central bank kept its key interest rate unchanged at 3.25 percent on Thursday, holding off from a second tightening in less than three months after recent signs of a slowdown in exports and credit growth.A Reuters poll earlier this week showed analysts were evenly split between whether Bank Negara would hold the policy overnight interest rate MYINTR=ECI rate steady or raise it to 3.50 percent."The prospects are for the Malaysian economy to ...

Apple's iPhone 6 gets one Chinese license, needs another before sales begin BEIJING: Apple Inc's iPhone 6 received regulatory approval for use on domestic frequencies but still requires one more critical licence before it may be sold in the country, the official Xinhua news agency reported on Thursday.Apple has not yet issued an iPhone 6 release date for China, one of its most important markets, leading to widespread speculation that it has encountered difficulty obtaining the requisite licences from the Ministry of Industry and Information Technology (MIIT), ...

Air France pilots threaten to extend strike indefinitely PARIS: An Air France pilots union warned on Thursday that it could vote to extend an ongoing strike "indefinitely" if its demands are not met, as the airline was forced to cancel around 60 percent of its flights for the fourth day.The pilots are carrying out a strike over Air France's plans to expand the low-cost operations of its Transavia brand by setting up foreign bases as it seeks to fight back against fierce competition ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln