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Panama match Correa double for Argentina WELLINGTON: Panama held Argentina to a shock 2-2 draw on the opening day of the FIFA Under-20 World Cup Saturday, as the tournament began against a backdrop of turmoil in football's governing body.Hosts New Zealand drew 0-0 with Ukraine and the United States beat Myanmar 2-1, while Ghana and Austria drew 1-1 to complete the first day's matches.Absent from the tournament was organising committee chairman and FIFA vice-president Jeffrey Webb who was among seven people arrested in a corruption scandal that has rocked the sport.FIFA boss Sepp Blatter, who refused to step down in the wake of the crisis, has since been re-elected president and is expected in New Zealand for the knockout rounds of the tournament.Argentina, heavily favoured to win the Under-20 crown for a record seventh time opened with a flourish when their marquee player Angel Correa put them 1-0 up in the 14th minute against Panama.The Atletico ...

Gill refuses vice-presidential role post Blatter's re-election LONDON: The fallout from Sepp Blatter's re-election as president of scandal-plagued FIFA continued on Saturday with Football Association vice-president David Gill confirming he would not take up his post on FIFA's elite Executive Board.The 57-year-old Englishman -- who was a well respected chief executive of Manchester United from 2003-2013 -- said he did not think being the British vice-president of FIFA would do his reputation any good while it is headed by Blatter and plagued ...

Injured Marcelo out of Copa America MADRID: Real Madrid left-back Marcelo has been forced to pull out of Brazil's Copa America squad due to a back problem.The 27-year-old will be replaced by Internacional's Geferson for the tournament in Chile next month the Brazilian Football Federation confirmed."After tests carried out on Marcelo, the Real Madrid medical team have diagnosed with acute back pain," Madrid said in a statement on their website.Copyright AFP (Agence France-Presse), 2015

Highlanders outsmart Chiefs, close in on Hurricanes WELLINGTON: The Otago Highlanders outsmarted the Waikato Chiefs to move into second place in the New Zealand conference with a crushing 36-9 victory in their Super 15 clash in Invercargill on Saturday.On a foggy and damp night, the Highlanders subjected the Chiefs to a barrage of high kicks, forcing handling errors and gaining a territorial advantage that delivered a four-try bonus point win.They led 11-3 at half-time and rammed home the advantage in the second ...

Axelsen to play Chen in Australia Superseries final SYDNEY: Viktor Axelsen upset his higher ranked Danish rival Jan O Jorgensen to reach the final of the Australian Open Superseries in Sydney on Saturday.The ninth-ranked Axelsen prevailed 21-15, 21-17 over the world No.3 Jorgensen to reach his second Superseries final of the year after he was runner up in the India Open two months ago. Axelsen will face world No.1 Chen Long in Sunday's final.Chen beat the 10th-ranked Tian Houwei in an all-Chinese semi-final, ...

History on the agenda as Arsenal aim to retain FA Cup LONDON: Holders Arsenal face Aston Villa in the FA Cup final on Saturday with a pair of historic landmarks driving the Gunners in their bid to retain the famous old trophy.A victory over Villa at Wembley would make Arsenal chief Arsene Wenger the first post-war manager to win the FA Cup six times, taking him ahead of Alex Ferguson and level with George Ramsay -- the only boss to have won six FA Cups, with ...

Australia football chairman disappointed at Blatter win SYDNEY: Football Federation Australia chairman Frank Lowy on Saturday said he was disappointed at Sepp Blatter's re-election as president of FIFA but hoped he would work to restore the body's reputation.Blatter withstood calls for him to resign from world football's governing body amid a corruption scandal and won a fifth term as FIFA president on Friday after his challenger Prince Ali bin al Hussein of Jordan withdrew.An FFA statement said Lowy "was disappointed at the ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln