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Bank of Japan holds off further easing measures TOKYO: The Bank of Japan held off further easing measures on Wednesday as it struggles to drag up the country's flatlining inflation that is defying a massive stimulus programme launched two years ago.The central bank stayed pat on its record stimulus programme, which is adding about 80 trillion yen ($663 billion) to the money supply every year.After a two-day meeting, the BoJ said in a statement consumer inflation was likely to be about zero "for the time being" due to lower energy prices.However, it added "inflation expectations appear to be rising on the whole from a somewhat longer-term perspective".The phrasing is identical to the outlook offered in the statement after the bank's March meeting.The yen picked up on the news -- soon after the bank's statement the dollar was at 120.06 yen compared with 120.32 yen in New York on Tuesday.The bank also kept unchanged its overall opinion of the ...


Canon says has 76pc of Axis, extends offer period to April 21 TOKYO: Canon Inc said on Wednesday it was extending the offer period for its proposed $2.8 billion takeover of Axis AB until April 21, after it acquired 76 percent of the shares in the Swedish video-surveillance firm.The Japanese camera maker is aiming to take full control of Axis, but hedge fund Elliott Management has complicated the bid after it raised its stake in Axis to 10.01 percent.The fund's stake effectively rules out a standard squeeze-out ...

Turkish Feb industrial output rises 1pc year-on-year ISTANBUL: Turkish industrial production rose a calendar-adjusted 1 percent year-on-year in February, statistics institute data showed on Wednesday, above a Reuters poll forecast of a 0.45 percent fall in output.The figures showed industrial production rose 1.7 percent on a seasonal and calendar-adjusted basis from a month earlier.Copyright Reuters, 2015

Turkish central bank opens 1bn lira repo auction ISTANBUL: Turkey's central bank opened a 1 billion lira ($386 million) one-week repo auction on Wednesday, bank data showed.Copyright Reuters, 2015

US regulator upgrades India's aviation safety rating NEW DELHI: The U.S Federal Aviation Administration has upgraded India's aviation safety rating, a US official said on Wednesday, in a boost for Indian airlines flying overseas.US Transportation Secretary Anthony Foxx said in a statement that India complies with international safety standards and has been granted a Category 1 rating by the regulator.India's aviation safety rating was downgraded to a category 2 in early 2014, with the FAA citing a lack of safety oversight. It ...

BNP Paribas appoints new country head for Malaysia KUALA LUMPUR: BNP Paribas, France's largest bank, said on Wednesday it appointed Philippe Aroyo as country head for Malaysia and chief executive of BNP Paribas Malaysia Bhd with immediate effect.Aroyo, who has been with BNP for 26 years, takes over the role from Krishna Chetti, who will move to take on a new position.Prior to the new appointment, Aroyo was the country head for BNP Paribas United Arab Emirates (UAE) since 2008Copyright Reuters, 2015

BG Group confirms talks on possible purchase by Shell LONDON: Britain-based gas producer BG Group has confirmed it is in "advanced discussions" on its possible purchase by energy giant Shell in what would be a major transaction in a sector hit by low oil prices."The board of BG Group plc notes the recent speculation and confirms that it is in advanced discussions with Royal Dutch Shell plc regarding a possible offer by Shell for BG," the firm, which specialises in liquefied natural gas, said ...


 



 
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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