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Canada unemployment rate rises to 7.1pc in September OTTAWA: A key driver of voting intentions in upcoming legislative elections, employment in Canada has seen little change in the past four months, the government statistical agency said Friday.About 12,000 new jobs were created from August to September, bringing the total number of Canadians employed last month to nearly 18 million.Canada's unemployment rate, however, increased by 0.1 percentage points to 7.1 percent in September as more Canadians joined the labor market.Analysts had expected the rate to remain flat, and a small uptick in new jobs.Prime Minister Stephen Harper's Conservatives, who have made the economy and job creation their main plank, are neck and neck with the Liberals and New Democrats ahead of the October 19 election, polling shows.According to Statistics Canada, part-time employment rose by 74,000 in September, which was largely offset by a decline of 62,000 in full time jobs.Employment increased among people aged 55 and older, the agency ...

Nepal parliament to elect new prime minister Sunday KATHMANDU: Nepal on Friday announced plans to elect a new prime minister this weekend, three weeks after the country adopted a new constitution that triggered deadly protests and a border blockade.Incumbent prime minister Sushil Koirala had pledged to step down after the constitution -- Nepal's first to be drawn up by elected representatives -- was adopted on September 20.He announced on October 2 he would ask the president to begin the process of forming a ...

Rousseff urges Brazil cabinet to focus on economy, minister says BRASILIA: Brazilian President Dilma Rousseff urged ministers at her first meeting with the new cabinet on Thursday to focus on the country's staggering economy, Chief of Staff Jaques Wagner said.The meeting was called by the president on Wednesday after the government failed for the fourth time to get enough support to hold a vote in Congress on whether to back or overturn Rousseff's vetoes of two spending bills despite a cabinet reshuffle last week meant ...

US jobless claims tumble WASHINGTON: New claims for US unemployment insurance benefits tumbled last week to their lowest level in nearly three months as the jobs market improves, Labor Department data released Thursday showed.Initial jobless claims, a sign of the pace of layoffs, dropped by 13,000 to 263,000 in the week ending October 3. The prior week's level was downwardly revised by 1,000 to 276,000.Last week's claims reading was the lowest since July 18 and was much lower than ...

Toyota willing to help probe over IS truck fleet TOKYO: Toyota on Thursday said it was willing to help the United States probe how the Islamic State group has managed to get hold of so many of its notoriously tough trucks.The Japanese manufacturer responded after an ABC News report on Wednesday said counter-terrorism officials at the US Treasury have been in contact with the auto giant over the issue.Fleets of Toyota trucks are a common feature of IS propaganda videos out of Syria, Iraq ...

Samsung's Lees top Asia's richest families list SINGAPORE: South Korea's Lee family, which controls the formidable Samsung conglomerate, topped an inaugural list of Asia's 50 richest families published Thursday by Forbes Asia magazine.The family had a net worth of $26.6 billion as of late September, with second- and third-generation members now running more than 50 businesses, the magazine said.The Samsung empire, founded in 1938 by wealthy landowner's son Lee Byung-Chull, has diversified interests ranging from mobile phones to construction and shipbuilding. Forbes ...

Brazil court hits Rousseff again, fueling impeachment talk BRASÍLIA: Brazil's President Dilma Rousseff suffered a major new setback Wednesday when a court ruled that her government's accounting practices were illegal, handing ammunition to opponents threatening impeachment proceedings.The decision by the Federal Accounts Court or TCU was the latest blow to Rousseff, less than a year into her second term. The court said that her government's accounting practices in 2014, including taking what amounted to unauthorized loans from state-owned banks to make up for ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln