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Greece wants to negotiate, but not with troika officials ATHENS: New Greek Finance Minister Yanis Varoufakis said Friday that Athens would seek "maximum cooperation" with its international creditors but would not work through the so-called troika of EU-IMF auditors.Speaking after a first meeting with Eurogroup chief Jeroen Dijsselbloem, Varoufakis said Athens would not cooperate with "a committee built on rotten foundations."Copyright AFP (Agence France-Presse), 2015

Next-of-kin bash Malaysian declaration on MH370 BEIJING: Traumatised relatives of those aboard missing flight MH370 Friday blasted the Malaysian government for declaring the passengers and crew dead without evidence of the plane's fate, and rejected compensation offers.Malaysian authorities a day earlier had said they were now classifying the unexplained disappearance of the plane as an "accident" under global aviation conventions and said for the first time that all 239 on board were presumed dead.But relatives in both Malaysia and China -- ...

US economic growth in 2014 fastest since 2010 WASHINGTON: The US economy had its best year since 2010 last year, outpacing all of the other major developed countries as consumer confidence picked up, helped by sinking oil prices.But a slowdown in the fourth quarter held back the annual growth figure, baring some of the persistent challenges -- like the soaring dollar -- to locking the world's largest economy into higher gear.While the halving of fuel prices clearly gave American consumers the power to ...

Qaeda group launches assault on Western-backed Syria rebels BEIRUT: Al-Qaeda's affiliate in Syria battled Western-backed rebels Friday as the militants pressed their bid to seize control of northern areas, a monitoring group and rebels said.The fighting comes nearly three months after Al-Nusra Front expelled another group of Western-backed opposition fighters from Idlib province.The Syrian Observatory for Human Rights said the militants launched their offensive against the Western-armed Hazem movement on Thursday in Aleppo province."The militants expelled the rebels from Regiment 111, once a ...

European stocks end week down PARIS: Europe's main stock markets closed down Friday, with London's FTSE 100 losing 0.90 percent to end the week at 6,749.40 points, slipping on deflation fears for the eurozone, locked in crucial talks with Greece over a possible restructuring of debt.Frankfurt's DAX 30 index shed 0.41 percent to 10,694.32 points, and in Paris the CAC 40 fell 0.59 percent to 4,604.25 points.Copyright AFP (Agence France-Presse), 2015

Obama hails 'boundless' promise of precision medicine WASHINGTON: President Barack Obama on Friday unveiled plans to plow $215 million into "precision medicine" research, a field he said provided "boundless" promise for the treatment of diseases like cancer and diabetes.The field -- which aims to tailor treatment to individual patients -- "gives us one of the greatest opportunities for new medical breakthrough that we have ever seen," Obama said. The funding would be used in part to collect gene, biochemical, lifestyle and other ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln