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Yahoo CEO says she's expecting twins SAN FRANCISCO: Yahoo chief executive Marissa Mayer revealed Tuesday she is expecting identical twin girls but will only take "limited time away" from running the Internet giant.In a blog post, Mayer said she and husband Zack Bogue are excited about the news and that Yahoo's board of directors has been "incredibly supportive and happy."She said the twins -- "quite a surprise" -- are likely to arrive in December."Since my pregnancy has been healthy and uncomplicated and since this is a unique time in Yahoo's transformation, I plan to approach the pregnancy and delivery as I did with my son three years ago, taking limited time away and working throughout," Mayer wrote.Yahoo has snapped up dozens of tech startups since the former Google executive signed on as chief three years ago. Mayer is seeking to give new direction to the company, after its Internet search crown was taken by Google."Moving forward, ...

Romania central bank's FX reserves rise to 29.3bn euros BUCHAREST: The Romanian central bank's foreign exchange reserves, excluding 103.7 tonnes of gold, rose by 189 million euros to 29.34 billion euros ($33.05 billion) at the end of August, it said on Tuesday. Inflows were 654 million euros and accounted for changes in the foreign exchange minimum reserve requirements and inflows into finance ministry and the European Commission's accounts. Outflows totalled 465 million euros. The central bank said payments to service external public and publicly ...

German bond yields steady as China wobbles, oil reverses LONDON: German bond yields steadied on Tuesday as surveys showed China's manufacturing sector in the grip of its worst slump in several years and oil prices eased back after a big surge. The euro zone benchmark jumped about 7 basis points in the previous session as oil gained roughly 8 percent and consumer prices across the bloc defied expectations to hold onto 0.2 percent growth in August.That eased disinflationary concerns before the European Central Bank's ...

Bank of Portugal turns to 2nd bidder for Novo Banco after talks fail LISBON: The Bank of Portugal has ended negotiations with a potential buyer of state-rescued Novo Banco after failing to reach an agreement, saying that it will now start talks with the second-placed bidder for the bank. "As no agreement has been reached, the Bank of Portugal decided today to end those negotiations and invite the second-placed potential buyer into negotiations," the bank said in a statement on Tuesday. Sources have told Reuters that the first-placed ...

India central bank: banks must move to marginal cost for new base lending rate MUMBAI: India's central bank has asked banks to calculate their base lending rates on the basis of the marginal cost of funds instead of the current practice of average cost and to implement the new rules by April 1, 2016. The Reserve Bank of India wants banks' lending rates to be sensitive to policy rates, it said in a circular on draft base rate guidelines on Tuesday. Indian banks have been reluctant to lower their ...

Australia interest rates left at historic low SYDNEY: Australia's central bank left interest rates at the historic low of 2.0 percent on Tuesday, saying the economy was expanding moderately while inflation was contained. The Reserve Bank of Australia (RBA), which last lowered rates 25 basis points to 2.0 percent in May, added that the Australian dollar was also adjusting to lower commodity prices as a decade-long mining boom unwinds."The board today judged that leaving the cash rate unchanged was appropriate at this ...

China to push mergers by listed firms amid market rout SHANGHAI: China is urging listed companies to merge and restructure, according to an official statement, as the government seeks to avert a stock rout and encourage investors to return to the market.China will strongly encourage mergers and acquisitions involving listed firms to help push reform of state companies and inject vitality into the economy, said a joint statement released by four government agencies late Monday.The notice also stressed measures to boost the stock market, including ...


Index Closing Chg%
Arrow DJIA 16,374.76 0.14
Arrow Nasdaq 4,733.50 0.35
Arrow S&P 1,951.13 0.12
Arrow FTSE 6,194.10 1.82
Arrow DAX 10,317.84 2.68
Arrow CAC-40 4,653.79 2.17
Arrow Nikkei 18,182.39 0.48
Arrow H.Seng 20,934.94 1.18
Arrow Sensex 25,764.78 1.22

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln