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US says could open embassy in Cuba before April summit WASHINGTON: The United States said on Friday it could reopen its embassy in Havana before a high-profile summit of the Americas in April, but cautioned "serious disagreements" remain over restoring ties with Cuba."I do think we can get this done in time for the Summit of the Americas," top US diplomat for Latin America, Roberta Jacobson, told reporters at the end of a second round of talks with Cuban negotiators, but much depended on whether "we can get things done in time." The summit will be held in Panama on April 10-11.Copyright AFP (Agence France-Presse), 2015

Merkel urges on Putin to bring opposition leader's killers to justice BERLIN: German Chancellor Angela Merkel on Saturday condemned the "cowardly murder" of Russian opposition leader Boris Nemtsov and called on President Vladimir Putin to bring the killers to justice.Merkel demands that Putin "assure himself that this assassination is elucidated and that its perpetrators are held accountable," the chancellor's office said in a statement.Copyright AFP (Agence France-Presse), 2015

Mexico OKs 5 shallow water areas in Round One oil tender second leg MEXICO CITY: Mexico has approved draft auction terms for five shallow water areas containing around 355 million barrels of oil equivalent (boe) as part of its Round One tender opening up oil fields to foreign investors, the country's energy regulator said on Friday.The areas, located in the southern Gulf of Mexico, are divided into nine production-sharing contracts which will be awarded to companies or consortia by late September.The final bidding terms and contracts for the ...

India raises threshold for transfer pricing rules NEW DELHI: India has raised the threshold for the application of transfer pricing rules to 200 million rupees ($3.24 million), from the current 50 million rupee level, according to the budget proposal presented by Finance Minister Arun Jaitley on Saturday.Copyright Reuters, 2015

India to spend $37bn on major subsidies in 2015/16 NEW DELHI: India is expected to spend 2.27 trillion rupees ($37 billion) on major subsidies during the fiscal year starting April 1, according to budget proposals presented by Finance Minister Arun Jaitley on Saturday.Copyright Reuters, 2015

India budget plans to inject $1.3bn into state banks in FY16 NEW DELHI: India plans to infuse 79.4 billion rupees ($1.29 billion) of capital into state-owned lenders during the fiscal year to March 2016, the annual budget showed on Saturday.Copyright Reuters, 2015

India budget sets net receipts at 200 bln rupees for FY2015/16 MUMBAI: The Indian government set aside 200 billion rupees ($3.24 billion) in net receipts under the market stabilisation scheme (MSS) in the fiscal 2015/16 year, according to the budget documents.Under the MSS, the Reserve Bank of India sells government bonds to absorb excess liquidity from the banking system.Copyright AFP (Agence France-Presse), 2015


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
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Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln