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Nissan says to expand US regional recall for Takata air bags TOKYO: Nissan Motor Co said on Friday it would expand an investigative recall in certain US regions to replace air bags made by Takata Corp, adding about 45,000 Sentras from the 2004-2006 model years that weren't included previously.Japan's second-largest automaker has informed the US National Highway Traffic Safety Administration about its plans to replace passenger-side air bags of the affected Sentras, a spokesman said.Bloomberg reported earlier the expansion followed a March 21 accident in which a woman was injured from shrapnel in her 2006 Sentra in Louisiana, which is one of the states covered in Nissan's regional recall. Since 2008, about a dozen automakers have recalled nearly 25 million vehicles equipped with potentially deadly Takata-made air bag inflators, which can explode with too much force and shoot metal shards into occupants.Copyright Reuters, 2015


Australian energy firm AGL to shut all coal power stations by 2050 SYDNEY: AGL Energy Ltd, Australia's No.2 power retailer, said on Friday it would not buy any more coal-fired power stations and that it would close all its existing coal-fired power plants by 2050.The company, which in September 2014 completed a A$1.5 billion ($1.17 billion) purchase of two coal-fired power stations from New South Wales state, revealed the apparent about-face in a new "greenouse gas policy"."It will be an ongoing, progressive process, managing the efficient operations ...

RBI chief says MPC discussion not currently top of list: paper MUMBAI: Talks between the Reserve Bank of India and the government have not yet focused on the composition of a planned monetary policy committee, a key plank of proposed structural changes, the bank's governor said in a newspaper interview on Friday.The government and the RBI have been at odds over several proposed changes to regulation, including the creation of an independent public debt management office and the specific composition of the planned monetary policy committee.Governor ...

Asiana suspends Hiroshima flights for safety check SEOUL: Asiana Airlines said Friday it was suspending flights to Hiroshima pending a safety review, after one of its passenger jets hit a communications antenna as it came in to land at the Japanese airport.The South Korean carrier said the suspension would last until the end of April while it checks "safety measures related to the Hiroshima route, airport facilities, planes and training."Flight OZ162 from Incheon, near Seoul, was carrying 73 passengers and eight crew ...

Bank of America settles currency-rigging lawsuit NEW YORK: Bank of America Corp has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market.The settlement with the second-largest U.S. bank was disclosed on Thursday by Scott & Scott, a law firm for the investors. Terms were not disclosed.Bank of America is the third bank to settle investor claims related to the $5.3 trillion-a-day currency market. JPMorgan Chase & Co ...

Bonds end slightly stronger as investors weigh growth outlook  NEW YORK: Most US Treasury yields fell modestly on Thursday after a choppy trading day as investors grappled with mixed data on the US economy and concerns about Greece's standoff with its creditors.Treasuries have rallied in recent weeks as a weaker-than-expected March employment report and other data pointed to slowing growth that is expected to keep the Federal Reserve's expected raise in interest rates on hold for longer.Investors are been reluctant to hold large exposures ...

Fed officials lean all ways on rate hikes, data in focus SAN FRANCISCO: Federal Reserve officials on Thursday were again at public odds over when the U.S. central bank should start raising rates, underscoring the difficult task ahead for Fed Chair Janet Yellen as she tries to build consensus for a rate hike sometime later this year.Increasingly it appears she may need to play tie-breaker on a committee split over whether the greater risk is in waiting too long to raise rates, or in pulling the ...


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln