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BoJ Kuroda's meeting with PM Abe won't alter policy stance TOKYO: Bank of Japan Governor Haruhiko Kuroda and Prime Minister Shinzo Abe will revive their regular meetings this month, people familiar with the matter said, in a sign the government may be concerned about recent stock market declines and an uptick in the yen. Kuroda has remained bullish about the outlook for economic recovery and an escape from deflation, but the meeting with Abe could revive expectations of additional stimulus. However, the sources said the government won't be attempting to pile pressure on the BOJ for more monetary easing, one year after the central bank launched its unprecedented stimulus. The central bank remains confident that it can meet its 2 percent inflation target by around April next year without resorting to additional monetary easing, a point Kuroda made clear at his news conference last Tuesday. But the recent selloff in stocks and an uptick in the yen, in part caused ...

Goldman dodges a shareholder battle that dogs rivals NEW YORK: When Goldman Sachs Group Inc filed its shareholder proxy earlier this month, it was free of a proposal that has become increasingly popular among corporate governance activists: a demand for more disclosure about lobbying. Goldman's big Wall Street rivals can't say the same. JPMorgan Chase & Co, Bank of America Corp, Citigroup Inc and Morgan Stanley all face lobbying-disclosure proposals this year.Some activist shareholders want the banks to be more transparent about their ...
Fed's Stein: Financial stability should inform policy WASHINGTON: A top Federal Reserve policymaker on Sunday repeated his controversial assertion that financial stability should be an aim of US central bank policymaking.Jeremy Stein, a Fed governor who is resigning next month, told an International Monetary Fund forum there is a need "in principle" to incorporate the aim of financial stability into monetary policies.Less clear, he said, is how to "operationally" incorporate it into policy. Stein has pushed this idea for more than a ...
Europe's top banks cut 80,000 more staff in post-crisis overhaul LONDON: Europe's largest banks cut their staff by another 3.5 percent last year and the prospect of a return to pre-crisis employment levels seems far off, despite the region's fledgling economic recovery.Spurred into action by falling revenue, mounting losses and the need to convince regulators they are no longer "too big to fail", banks across the globe have shrunk radically since the 2008 collapse of U.S. bank Lehman Brothers sparked the financial crisis.Last year, the ...
National Bank of Kuwait Q1 net profit rises 3.2pc DUBAI: National Bank of Kuwait, the Gulf Arab state's largest commercial lender, reported a 3.2 percent rise in first-quarter net profit on Sunday, edging ahead of analysts' expectations. Net profit was 83.9 million dinars ($298.6 million) in the three months to the end of March, compared to 81.3 million dinars a year ago, it said in a bourse filing.Five analysts in a Reuters poll had predicted 80.70 million dinars in net profit on average for ...
Saudi's Al Rajhi Bank Q1 earnings slip again on provisions DUBAI: Al Rajhi Bank reported a slump in net profit for the first three months of 2014 on Sunday, marking the second quarter in a row that Saudi Arabia's largest listed lender has posted a big decline in earnings.The bank made 1.71 billion riyals ($456 million) in the three months to March 31, down 16.9 percent from 2.05 billion riyals in the same period a year earlier, it said in a bourse filing.Analysts surveyed by ...
Bank of Canada names Carolyn Wilkins senior deputy governor TORONTO: The Bank of Canada named Carolyn Wilkins as its senior deputy governor on Friday, promoting an insider with strong financial markets expertise and credibility with Bay Street bankers as the central bank's No. 2 policymaker.Wilkins, with more than a decade of experience inside the bank and most recently as adviser to the governor, will start her seven-year term May 2.She replaces Tiff Macklem, who is leaving to become dean of a business school in ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln