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Draft Biden group airs first TV ad urging him to run WASHINGTON: Vice President Joe Biden, who has spent months mulling whether to jump into the 2016 White House race, received strong encouragement Wednesday when a pro-Biden group released a TV ad urging him to run."Things can change in a heartbeat. I know," begins the 90-second ad, which consists entirely of remarks Biden made during a commencement address at Yale University.The spot was released by Draft Biden, a political action group not directly connected with the Delaware native but which is encouraging him to run for president.Voters and the nation's political class have been closely watching whether Biden, 72, will challenge Democratic frontrunner and friend Hillary Clinton for their party's nomination.The new ad highlights Biden's empathy, and the special connection he has with everyday Americans, something that Clinton's critics say she lacks on the campaign trail."The incredible bond I have with my children is the gift I'm not sure I would ...

German industrial output falls in August BERLIN: German industrial output unexpectedly fell in August, the economy ministry said Wednesday, as Europe's top export power feels the pinch of slowing growth in China and other emerging markets.The ministry calculated that factory output fell 1.2 percent compared with a month earlier, corrected for seasonal factors and inflation.The decline was a much steeper than a 0.1 percent fall predicted by financial services firm FactSet.The data was released a day after news that German industrial ...

Kerry urges Haiti to get behind upcoming vote PORT-AU-PRINCE: Three weeks before Haiti holds polls that could make or break its recovery from disaster and political crisis, US Secretary of State John Kerry checked in Tuesday to urge the country to get behind the vote.Haiti's President Michel Martelly is forbidden from seeking a second term in office. But before he steps down, he has one more very important task -- to help Haiti prepare for the October 25 vote to choose his successor.In ...

Brazil's Rousseff to be investigated for alleged funds misuse BRASÍLIA: President Dilma Rousseff's campaign will be investigated for alleged use of funds skimmed from the vast Petrobras corruption scheme, officials said Wednesday, in a twist that could potentially end her term early.The opposition Social Democratic Party of Brazil (PSDB) has filed five complaints, including one now accepted by a federal electoral body. Opposition lawmakers -- whose candidate lost in a tight race against Rousseff in 2014 -- say Rousseff of the Workers Party and ...

Erdogan warns Russia after airspace incursion ISTANBUL: Turkey's Recep Tayyip Erdogan warned Moscow against taking "undesirable steps" on Tuesday following accusations Russia deliberately violated Turkish air space in its bombing campaign in Syria.Russian fighter jets entered Turkish air space in two separate incidents at the weekend, prompting Ankara to summon the Russian ambassador twice to protest both violations.Meanwhile, the Turkish military has said its fighter jets were harassed by a MIG-29 plane from an unidentified country close to Syria on Sunday ...

Russia says claims its jets hit Syria's Palmyra 'absolute lie' MOSCOW: The Russian defence ministry on Tuesday angrily dismissed reports that its planes had launched air strikes against the Syrian city of Palmyra as false, the TASS news agency reported. "All reports by foreign media that Russian planes allegedly struck the city of Palmyra are an absolute lie," Major-General Igor Konashenkov, a spokesman for the ministry, was quoted as saying. "Our planes in Syria do not strike populated areas and especially ones with architectural monuments." ...

Brazil economy headed for steep contraction: IMF BRASÍLIA: The International Monetary Fund predicts a three percent shrinkage in Brazil's economy this year, with a further one percent in 2016, reflecting deepening trouble for Latin America's biggest country."In Brazil, business and consumer confidence continue to retreat in large part because of deteriorating political conditions, investment is declining rapidly, and the needed tightening in the macroeconomic policy stance is putting downward pressure on domestic demand," the IMF said in a global survey Tuesday. Copyright ...


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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