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Asia shares boosted by Wall St rally HONG KONG: Asian markets pushed higher Wednesday, taking a lead from fresh gains in New York and Europe in response to reports that the European Central Bank will widen its stimulus programme.Speculation about further monetary easing in the eurozone pushed the euro lower, while the dollar gave up some of its US gains in early Japanese trade.Tokyo -- which surged four percent Monday before losing 2 percent Tuesday -- jumped 1.71 percent by the break. Hong Kong climbed 0.62 percent, Sydney added 0.84 percent and Seoul put on 0.60 percent while Shanghai was flat.Singapore and Kuala Lumpur were closed for public holidays.Markets on Tuesday were broadly higher after data out of China showed the economy growing quicker than expected, even though it was at its slowest pace since the start of 2009.They surged higher in Europe and on Wall Street later in the day after a report that the ECB ...


Two cured in US, Spain, as Ebola crisis widens WASHINGTON: A US photojournalist joined a Spanish nurse in being declared free of Ebola on Tuesday, as the United States tightened restrictions on travelers from the West African countries at the epicenter of the outbreak.And in West Africa, medical charity MSF, at the forefront of the Ebola fight, announced Tuesday it had saved a 1,000th patient from the deadly virus.The survivor stories, however, came as cases continued to soar in West Africa, where more than ...

China installs buoys in Pacific Ocean: report BEIJING: China has installed 17 sets of submerged buoys in "key marine areas" of the western Pacific ocean, state media said, a move that could exacerbate territorial tensions in the region.The mission carried out by the Chinese research vessel Kexue "marks the first time that China has put an array of submerged buoys on such a big scale", the official Xinhua news agency reported late Tuesday."The buoys will provide important scientific statistics about ocean circulation ...

Falling oil prices stretch Venezuela's books to limit CARACAS: Sliding oil prices are deepening the budget crisis facing the Venezuelan government, which is already struggling to fund its lavish subsidies and rigid exchange-rate controls, analysts say.Venezuela, which sits atop the world's largest proven crude reserves, relies on oil sales for 96 percent of its budget.The recent plunge in prices, which have hit a four-year low, is bad news for a government already running a deficit of 15 percent of gross domestic product (GDP).That ...

Bitter lessons from old Ebola frontline in Uganda BOMBO: In Ebola-hit communities in west Africa, hope of stopping the deadly virus may seem far away at times.But across the continent in Uganda, villagers who survived an outbreak two years ago describe how after the loss, the rebuilding of communities is tough and painful - but possible.When Sabiti Mugerwa's family became the only ones in their village to fall sick with a mysterious disease in October 2012, they blamed it on malaria - or ...

Italy keen to take a fast boat to China MILAN: Seven hundred years after Marco Polo showed how it was done, Italy is once again knocking on China's door looking to do business.This time around the quest is for capital investment and entrepreneurial inspiration rather than the silks and spices brought home by Venice's celebrated merchant explorer.But the objective and the context have much in common: mutual prosperity at a time of global economic flux.Rather than Italians heading for China, as in Polo's day, ...


 



 
Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln