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China's Li says to push ahead with financial market reform: state TV BEIJING: Chin has fended off systemic risks in its financial markets and will continue to push ahead with market reform, China's Premier Li Keqiang was reported as saying by state television on Thursday.During a visit to the Shanghai branch of the People's Bank of China, Li said that China will further open its capital markets both to inbound and outbound investors, according to China Central Television.Li also said that China will step up efforts to prevent illegal cross-border capital flows.Beijing will seek further improvements in the country's insurance sector as well as the development of multi-tiered capital markets, the state broadcaster reported.Copyright Reuters, 2015

Suu Kyi says Myanmar cabinet to include ethnic groups, other parties YANGON: Myanmar's new cabinet will include members of other political parties and representatives of ethnic minorities, the leader of the National League for Democracy (NLD) Aung San Suu Kyi said on Thursday, stressing the need for national reconciliation.The NLD won a majority in both houses of Myanmar's parliament and also faired better than expected against ethnic political parties in regional legislatures.But Nobel laureate Suu Kyi has emphasised that the first democratically elected government in more ...

Turkey's Erdogan calls for new constitution to include more powerful presidency ANKARA: Turkish President Tayyip Erdogan on Thursday renewed his call to parliament to draft a new constitution that will grant his office greater executive powers, arguing it better suits affluent nations."Look at the world. Almost all developed nations either have a presidential system or a half-presidential system," Erdogan said in a speech to local administrators. "Preparations for a new constitution must be bravely carried out (so that) we can present it to the people to ...

Osborne's spending plans have 50-50 chance of success: UK think tank LONDON: British finance minister George Osborne's latest spending plans have a roughly 50-50 chance of being successful, the head of Britain's non-partisan Institute for Fiscal Studies said on Thursday.Osborne stuck to his commitment of turning a budget deficit into a surplus in 2020 in a budget speech on Wednesday, confounding predictions that he would have to rein in his ambitions for putting the public finances back in the black."(Osborne) is going to need his luck ...

Brazil's current account gap widens to $4.166bn in October BRASILIA: Brazil posted a wider-than-expected current account deficit of $4.166 billion in October, compared with a shortfall of $3.076 billion in September, central bank data showed on Thursday.In the 12 months through October, the deficit was equivalent to 4.02 percent of Brazil's gross domestic product, down from 4.18 percent of GDP the previous month. The country attracted $6.712 billion in foreign direct investment last month, the central bank said.Brazil was expected to post an October ...

Greek PM courts opposition as discontent over pensions grows ATHENS: Greek Prime Minister Alexis Tsipras will seek the backing of opposition party leaders for unpopular pension reforms demanded under an international bailout which have brought thousands to the streets in protest.Greece has promised its European and IMF lenders a comprehensive pension reform plan by December but Tsipras faces resistance to changes from a country worn down by six years of recession and austerity.Tsipras' government majority has shrunk to just three seats as it pushes ...

Spanish economy expands for ninth quarter in a row MADRID: Spain's economy grew for the ninth consecutive quarter, official data showed Thursday just weeks ahead of general elections dominated by economic issues in a country slowly emerging from a devastating financial crisis.Growth slowed slightly in the third quarter of 2015 to 0.8 percent compared with 1.0 percent in the previous three months, according to the country's National Statistics Institute.The country is faring better than its European neighbours, though its growth remains slower than that ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln