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Corruption begins in FIFA Swiss authorities conducted an early-morning operation in Zurich hotel to arrest six top soccer officials and extradite them to the United States on federal corruption charges.A FIFA spokesman says that President Sepp Blatter is not involved but vice-presidents Jeffrey Webb,the current CONCACAF president and Eugenio Figueredo from Uruguay have been arrested, along with Eduardo Li, Julio Rocha, Costas Takkas, Rafael Esquivel and Jose Maria Marin.According to foreign media reports, leaders of FIFA, soccer’s global governing body, gathered for their annual meeting. More than a dozen plain-clothed Swiss law enforcement officials arrived unannounced at the Baur au Lac hotel, an elegant five-star property with views of the Alps and Lake Zurich. They went to the front desk to get room numbers and then proceeded upstairs. The arrests were carried out peacefully.The charges, backed by an F.B.I. investigation, allege widespread corruption in FIFA over the past two decades, involving bids for World ...


Wawrinka into French Open third round PARIS: Swiss eighth seed Stan Wawrinka defeated Serbia's Dusan Lajovic 6-3, 6-4, 5-7, 6-3 to reach the French Open third round on Wednesday.The former Australian Open champion hit 11 aces and 53 winners but served up nine double faults and committed 52 unforced errors.He will face Steve Johnson of the United States for a place in the last 16.Copyright AFP (Agence France-Presse), 2015

Sharapova hits out at Fed Cup 'hassle' PARIS: Maria Sharapova dismissed Fed Cup organisation as a "hassle" and "pointless" on Wednesday despite the tournament being the gateway to the 2016 Olympics.The Russian superstar, who won a silver medal on her Olympic debut in London in 2012, featured in Russia's first-round Fed Cup win over Poland in February.However, she pulled out of April's semi-final victory against Germany with a leg injury leaving a question mark over her participation in the November final against ...

Federer into French Open third round PARIS: Roger Federer advanced to the third round of the French Open on Wednesday by ousting Marcel Granollers of Spain 6-2, 7-6 (7/1), 6-3.The Swiss second seed, champion at Roland Garros in 2009, now goes on to a meeting with either Marcos Baghdatis of Cyprus or Damir Dzumhur of Bosnia in the last 32.Copyright AFP (Agence France-Presse), 2015

Shoaib Akhtar insults Pakistan ‘yet again’ The most controversial Pakistani fast bowler and commentator Shoaib Akhtar, who loudly criticizes Pakistan team and its management has been condemned regularly for his harsh and sarcastic criticisms. He has come up with another controversy where he has accused Pakistani cricketers for match fixing. While talking to Harsha Bhogle on Star Sports, he said, “Pakistan team is not to be taken seriously. All the captains of the team lacked any Cricket knowledge. The results of ...

Blatter and Valcke not involved in corruption probe: FIFA spokesman ZURICH: FIFA president Sepp Blatter and its general secretary Jerome Valcke are not implicated in a corruption probe underway into the vote for the 2018 and 2022 World Cups, the organisation's spokesman said on Wednesday."The general secretary and the president are not involved in this," spokesman Walter DeGregoria told a hastily-arranged press conference.He also said that the FIFA Congress to vote for who would be its president for the next four years would go ahead ...

Wales's Davies ruled out of World Cup LONDON: Wales's preparations for the World Cup received a weighty blow on Wednesday when the Welsh Rugby Union (WRU) announced that centre Jonathan Davies will miss the tournament through injury.The 27-year-old requires surgery after rupturing the anterior cruciate ligament in his knee while playing for Clermont against Montpellier in the Top 14 last weekend and is likely to be sidelined for six or seven months."It's a disappointment for Jonathan and for us, but the advice ...


 



 
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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%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln