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Greece named radical left-wing economist Yanis Varoufakis its new finance minister on Tuesday, giving him the mammoth task of leading negotiations with international creditors over the country's bailout. The appointment of Varoufakis is seen as a signal that the new anti-austerity Syriza-led government will take a hard line in haggling over the 240-billion-euro ($269 billion) EU-IMF package.

New York authorities on Tuesday vigorously defended a decision to shut down America's biggest city for a winter storm that skirted the Big Apple, dumping the worst snow on Long Island and New England. Travel bans were lifted, public transport resumed and parks reopened in the city of eight million people, easing many of the measures put in place as Winter Storm Juno moved in on Monday.
Sri Lanka's police said Tuesday they were investigating whether a man who confessed to smuggling over 1,000 kilos of heroin to the island over three years had political protection. Samantha Kumara Vithanage was arrested in Pakistan earlier this month and taken back to Sri Lanka, police spokesman Ajith Kumara said.
Facebook, the world's most popular social network, and its Instagram photo-sharing site were interrupted temporarily Tuesday, provoking panic, rumours of a hack, and jokes of how more than one billion users were struggling to cope. "This was not the result of a third party attack," Facebook said in a statement after its services were restored.
Dubai airport has soared ahead of London's Heathrow, riding a boom in long-haul flights between Asia and the West to become the world's top international travel hub, it said Tuesday. Traffic at the airport increased 6.1 percent last year to 70.47 million passengers, Dubai Airports said, adding that it expected a further surge in traveller numbers in 2015.
An American, a French citizen, a South Korean and two Filipinos were the five foreigners killed when gunmen assaulted a luxury hotel in Tripoli Tuesday, a security official said. Earlier, Issam al-Naass had said five foreigners died after the gunmen set off a car bomb outside the Corinthia Hotel in the Libyan capital, then rushed inside and opened fire. He did not give the identities of any of the dead.
Sentiments on the equity market remained positive on Tuesday on the back of what analysts said strong valuations of certain scrips in the current earnings announcement season. The major catalyst, analysts said, was the Saturday's 100 basis points policy rate-cut to 8.5 percent by the central bank and depleting fuel and coal prices.

 



 
Index Closing Chg%
Arrow DJIA 17,387.21 1.65
Arrow Nasdaq 4,681.50 1.89
Arrow S&P 2,029.55 1.34
Arrow FTSE 6,811.61 0.60
Arrow DAX 10,628.58 1.57
Arrow CAC-40 4,624.21 1.09
Arrow Nikkei 17,768.30 1.72
Arrow H.Seng 24,807.28 0.41
Arrow Sensex 29,571.04 1.00






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln