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Fresh protests erupt in Brazil despite Rousseff speech BELO HORIZONTE: Fresh protests erupted across Brazil Saturday despite conciliatory remarks by President Dilma Rousseff, who pledged to improve public services and fight harder against corruption.Rousseff's televised address late Friday appeared to have done little to satisfy protesters, as activists vowed to continue the struggle and ordinarily football-mad Brazilians once again protested outside the Confederations Cup.Some 60,000 people chanting "The Cup for whom?" rallied in the southeastern city of Belo Horizonte as a Japan-Mexico match was under way as part of the international football tournament, a dress rehearsal for next year's World Cup.Police fired tear gas when some of the protesters hurled stones and tried to break through the security perimeter around the Mineirao stadium."We are against the World Cup because it masks the problems the country faces," said musician Leonardo Melo, who dismissed Rousseff's speech as "rhetoric."Over the past two weeks, hundreds of thousands of Brazilians have protested against ...

Tens of thousands march in Rome against unemployment ROME: Thousands of workers and unemployed people marched in Rome on Saturday to protest against record unemployment and call on Enrico Letta's two-month-old government to deliver more than empty rhetoric on the issue.The rally, organised by the country's three largest union confederations, CGIL, CISL and UIL, was the first major protest since Letta's broad, left-right coalition took office following an inconclusive election in February.Italian unemployment hit 12 percent in April, the highest level on record, ...

UK opposition says would not borrow to reverse cuts LONDON: Britain's opposition Labour Party would not borrow more money to reverse spending cuts by Prime Minister David Cameron's coalition government should it win the next election due in 2015, its leader Ed Miliband said on Saturday.Although polls show Labour has a lead of up to 10 points over Cameron's Conservatives, Miliband still needs to convince sceptical voters of his party's economic credibility and shrug off criticism it is wedded to spending money it does ...

Hardliners call on Luxor governor to quit after Mursi defence CAIRO: A hardline Islamic group called on Saturday on one of its members to resign as governor of Luxor "for the sake of Egypt" despite President Mohamed Mursi defending the appointment.Mursi infuriated many Egyptians this week by swearing in al-Gamaa al-Islamiya's Adel Mohamed al-Khayat as governor of the town where members of the group massacred 58 tourists at a pharaonic temple in 1997.Al-Gamaa al-Islamiya, members of which were also charged with killing President Anwar Sadat ...

German, Turkish ministers meet as tension over EU entry rises DOHA: Germany and Turkey's foreign ministers met on Saturday for an "intensive exchange of opinions" in a row over Angela Merkel's criticism of a crackdown on protesters in Turkey and her reluctance to see the country join the European Union.Germany and Turkey on Friday summoned each other's ambassadors for a tit-for-tat reproaches after Merkel said she was "appalled" by Ankara's response to the protests, and a Turkish cabinet minister accused her of blocking Turkey's accession ...

'Secret steps' adopted to change Syria balance DOHA: World powers supporting Syria's rebels decided on Saturday to take "secret steps" to change the balance on the battlefield, after the United States and others called for stepping up military aid to insurgents.Yet even as they prepared to step up their own involvement in the war, they demanded that Iran and Lebanese Hezbollah stop supporting President Bashar al-Assad's regime.In their final communique, the ministers agreed to "provide urgently all the necessary materiel and equipment ...

Japan's Mt Fuji, Niger's Agadez among new UNESCO sites PHNOM PENH: Japan's Mount Fuji, a series of ancient terraced rice paddies China, and the desert city of Agardaz in Niger were among the cultural jewels granted World Heritage status by UNESCO at its annual meeting on Saturday.Fujisan, the highest mountain in Japan at 3,776 metres (12,460 feet), is one of the country's most recognisable sights. The snow-capped peak "has inspired artists and poets and been the object of pilgrimage for centuries", UNESCO said.The United ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln