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Treasuries prices slide in choppy trading; Japan data briefly lifts NEW YORK: US Treasury debt prices fell on Monday in choppy trading as investors took profits on gains fueled by weak Japanese economic data, ahead of the release this week of the minutes of the latest Federal Reserve meeting.Market participants expect the Fed minutes to show optimism about the U.S. economy that should keep the U.S. central bank on track to raise interest rates sometime next year."Treasuries have been strong all year and we did see some buying after Japan's GDP data," said Aaron Kohli, interest rate strategist at BNP Paribas in New York."But we have sort of come off the low in yields because we have the Fed minutes coming up. There's really little scope for the Fed to be dovish given the run of pretty solid U.S. data."U.S. industrial production for October was weaker than expected, falling 0.1 percent, but the report was decent compared with Japan's gross ...

India's central bank talking to govt about more gold import curbs NEW DELHI/MUMBAI: India's central bank is in talks with the government to increase curbs on gold imports, Deputy Governor S.S. Mundra said on Monday, reflecting policymakers concerns that a jump in inbound shipments will worsen the country's trade deficit.Mundra's comments come on the same day that trade data showed India's gold imports in October surged nearly four-fold to $4.18 billion from a year ago. India is the world's No. 2 gold consumer behind China.Officials from ...

Airbus wins contract for US space capsule Orion BERLIN: Airbus Group will develop and build a service module for the future American human space capsule, Orion, marking the first time a European firm will provide system-critical elements for a U.S. space project, it said on Monday.Europe's largest aerospace group said the contract, signed with the European Space Agency, was worth around 390 million euros ($488 million).The contract comes days after European scientists celebrated landing a probe on the surface of a comet for ...

Petrobras says Q3 Brazil oil output rises to 2.09mn bpd SAO PAULO: Brazil's state-run oil firm Petroleo Brasileiro SA (Petrobras) produced an average of 2.09 million barrels of oil per day in Brazil in the third quarter, up 9 percent from the previous year, a securities filing showed on Monday.Natural gas production of 441,000 barrels per day was up 7 percent while output of petroleum derivatives rose 4 percent to 2.204 million barrels per day.Fifteen producing wells were connected in the third quarter, Petrobras said, ...

Australia central bank can buy up to $1.6bn of Chinese bonds BEIJING: Australia's central bank can invest up to 10 billion yuan ($1.6 billion) in China's interbank bond market, Chinese state news agency Xinhua said on Monday, as the two nations signed a flurry of deals, including a landmark free trade pact.Xinhua said the investment quota granted to the Reserve Bank of Australia would be increased to 10 billion yuan, but did not say what the previous quota was. ($1=6.1242 Chinese yuan)Copyright Reuters, 2014

Merck KGaA says Pfizer deal FRANKFURT: A major cancer drug deal between Pfizer and Germany's Merck KGaA is exclusive with regard to the immunotherapy drugs involved, Merck said on Monday."This is an exclusive collaboration in the PD-1, PD-L1 space," said Belen Garijo, who will take over leadership of Merck's healthcare business from next year.She added that the two sides could jointly decide to collaborate with third parties.Garijo was speaking in a conference call after the German group announced the major ...

India central bank deputy says talking to govt on increasing gold import curbs NEW DELHI: The Reserve Bank of India is in talks with the government for a decision on increasing curbs on gold imports, RBI Deputy Governor S.S. Mundra said on Monday.The RBI deputy also said attention needed to be paid to the surge in gold imports at a briefing with reporters in the capital.October shipments to India, the world's No.2 gold consumer behind China, jumped to about 150 tonnes from less than 25 tonnes a year ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln