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Greek bank deposits drop 0.5pc in October ATHENS: Greek bank deposits fell slightly in October, data released by the country's central bank showed on Thursday.Business and household deposits dropped by 590 million euros or 0.5 percent month-on-month to 121.08 billion euros ($129.1 billion), to their lowest level since March 2003.They had risen slightly to 121.67 billion euros in September, up for the second month in a row after a 10-month decline.Greece saw a 42 billion euro deposit outflow from December to July. Capital controls the country imposed on June 28 helped contained the flight, which sharply increased Greek banks' dependence on emergency liquidity assistance (ELA) from the Bank of Greece.Copyright Reuters, 2015

AirAsia reports Q3 net loss, hit by Indonesia and weak currencies KUALA LUMPUR: AirAsia Bhd swung to a third-quarter loss due to foreign exchange losses and a writedown at its lossmaking Indonesian associate as Asia's biggest budget airline seeks to address market concerns over high debt and dues owed by its affiliates.The Malaysia-based group booked prior-year unabsorbed losses of 469 million ringgit ($111 million) in July-Sept for its Indonesian associate, while the company's foreign exchange losses soared to 436 million from 153 million a year ago.For ...

Mobilink merges operations with Warid Telecom The biggest merger of Telecom industry took place on Thursday when the country’s largest cellular phone operator, Mobilink, and Warid Telecom merged their operations.According to local media reports, under the terms of the deal, Mobilink will first buy all of Warid. The Dhabi Group shareholders will then take a 15 percent stake in Mobilink. When the transaction is complete, the parties will merge Warid into Mobilink. Mobilink Chief Executive Jeffrey Hedberg will become the CEO ...

PetroChina sells pipeline stake amid reforms push SHANGHAI: State-owned Chinese oil giant PetroChina will sell half of a subsidiary that operates pipelines across central Asia for $2.4 billion, it said, raising hopes of possible reforms among nationalised firms.PetroChina's Trans-Asia Gas Pipeline has pipelines connecting China with countries including Kazakhstan, Uzbekistan, Tajikistan and Kyrgyzstan.It is expected to have an 8,000 kilometre network with an annual capacity of 85 billion cubic metres by 2020.The 50 percent stake will be sold to another state-owned firm, ...

Swedish central bank may be cautious before new measures STOCKHOLM: Sweden's Riksbank has taken a large number of policy measures in this year and will not be hurried into new action given the complexity of the current situation, Deputy Governor Cecilia Skingsley said on Thursday."A lot is happening and so there may be reason to dare to take a step back and be a bit cautious when it comes to possible further measures," she told reporters."We need to be good at seeing through the ...

PlayStation 4 console sales top 30 million SAN FRANCISCO: Sony on Wednesday announced that PlayStation 4 video game consoles have sold at a furious pace, topping 30 million units worldwide.PS4 has seen the fastest and strongest adoption since the first generation of the video game console was introduced in late 1994, according to Sony Computer Entertainment (SCE).Some 30.2 million PS4 consoles were sold worldwide as of November 22, according to SCE.Microsoft has not released recent Xbox One console sales figures, which have ...

GM, law firm can keep ignition switch documents secret NEW YORK: General Motors Co and its law firm need not turn over privileged documents to drivers hoping to show that the automaker intended to commit a crime or fraud by concealing defective ignition switches in their vehicles, a Manhattan federal judge ruled on Wednesday.Despite finding "probable cause" to believe GM committed a crime or fraud by hiding the defect from regulators and the public, US District Judge Jesse Furman found no showing that the ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln