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Botswana ruling party leads in early election results GABORONE: Botswana's ruling party was leading in most local council constituencies as general election results trickled in Saturday, but opposition parties made a strong showing in the capital, the electoral commission said.There had been delays in the counting of parliamentary ballots and no results had been received so far, the Independent Electoral Commission spokesman Osupile Maroba told AFP."We are hoping to start receiving parliamentary results from 57 poling districts by mid-morning," he said.Parliamentary results will also determine who will be president for the next five years, with incumbent Ian Khama of the Botswana Democratic Party (BDP) expected to win a second term."We are still on track for the release of final results by the end of the day," said Maroba.The IEC had verified results from 200 of the 490 local council voting districts, with the BDP winning six of the capital Gaborone's 13 wards.The newly formed Umbrella for Democratic Change ...

Momentum building on Pacific trade deal: Australia, US SYDNEY: Momentum is building towards a pan-Pacific trade agreement, representatives of Australia and the United States said Saturday as talks between trade ministers began in Sydney.The Trans-Pacific Partnership (TPP), which would encompass 40 percent of the global economy and include 12 nations, has been the subject of negotiations for years.US President Barack Obama said in June he hoped to have an agreement on framing the deal, which has been slowed by debate on key details ...
Renault chief sees Europe auto market slowing in 2015 SHANGHAI: French carmaker Renault chairman, Carlos Ghosn, said Saturday that he expects slower growth in Europe's auto market next year as it continues to recover from the global economic crisis.Ghosn, who is also Renault's chief executive officer, said the European market was growing at six percent so far this year -- the best since the 2007 crisis."I'm expecting in 2015 this recovery to continue," Ghosn told journalists on the sidelines of an industry forum in ...
'Premature' to talk of US troop cuts in Asia: Kerry WASHINGTON: Secretary of State John Kerry said Friday it was too early to discuss cutting the number of US troops stationed in Asia and South Korea, amid increased tensions on the heavily guarded peninsula.Speaking after talks with his South Korean counterpart Yun Byung-se, Kerry told reporters "it would be way too premature to have any thought of, or even discussion" about troop reductions, saying there first had to be real talks with North Korea over ...
ECB may struggle to buy enough corporate bonds LONDON: Any extension of the European Central Bank's asset-purchase scheme to include company debt risks running into a familiar problem - the ECB may not being able to buy enough of them to make a difference. A wave of enthusiasm spread over financial markets on Tuesday after Reuters reported, citing sources close to the situation, that the ECB might decide as soon as December to start buying corporate bonds to complement its covered bonds and ...
President urges youth to work for progress, prosperity of country BAHAWALPUR: President Mamnoon Hussain Friday urged the youth to work hard for progress and prosperity of the country and value the freedom achieved after many sacrifices.Addressing the 7th Convocation of the Islamia University of Bahawalpur here the President said Pakistani youth were very talented and new opportunities were waiting for them in future.He said that terrorism had caused heavy loss to Pakistan and all measures would be taken for its complete eradication.He said Pakistanis were ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln