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Romney: Obama means cuts to jobs and income  DENVER: Republican White House hopeful Mitt Romney said Wednesday that if President Barack Obama is re-elected it will usher in an era of falling household incomes and chronic joblessness.   "If the president is re-elected will you see a middle-class squeeze," Romney said in a televised debate. "You will see chronic unemployment -- 43 straight months with unemployment above eight percent."   Romney finished looking the more confident of the two contenders, but the debate never caught fire. Obama concluded with a vow to continue to fight for middle-income families in tough economic times.   "You know, four years ago, I said that I'm not a perfect man, and I wouldn't be a perfect president, and that's probably a promise Governor Romney probably thinks I've kept," Obama said.   "I also promised I would fight every single day on behalf of the American people, the middle class and all of those striving. I've kept that promise, and if ...


It DENVER: After hundreds of campaign stops, $500 million in mostly negative ads and countless tit-for-tat attacks, President Barack Obama and Mitt Romney go head to head Wednesday in their debut debate.   Both candidates completed walkthroughs of the venue at theUniversityofDenver, hours before the first of three televised showdowns just 33 days before American voters decide their fates.   Obama clings to a narrow lead in his bid to defy the omens sown by a stubbornly sluggish economic recovery ...

Spain targets London investors for MADRID: Spain's Economy Minister will meet investors in London on Thursday in the hope of tempting them to buy into a 'bad bank' that will house billions of euros of the country's soured real estate assets.   Madrid hopes the newly formed asset management company will help unblock the credit flows to businesses and families that have been progressively choked off as the country's economic crisis has worsened.   Its creation is also a condition of Spain receiving up ...

LISBON: Portugal adopted sweeping tax hikes on Wednesday to meet budget goals under its international bailout, prompting unions to call a general strike against austerity measures that have exacerbated recession and are set to push record unemployment yet higher. In a sign of progress in its long haul back to financial stability, Portugal earlier in the day returned to bond markets for the first time since it sought the 78 billion euro ($101 billion) bailout last ...

IMF head warns eurozone to act fast on debt crisis  PARIS: IMF head Christine Lagarde urged eurozone leaders Wednesday to move fast to resolve the bloc's debt crisis, warning in an interview that the latest boost to markets by an ECB decision could soon wear off.   "No one has the luxury of time, this is really urgent," Lagarde told the French daily Figaro in comments to appear on Thursday.   She said a decision by the European Central Bank to buy debt issued by struggling eurozone governments was "fundamental," ...

BUENOS AIRES: Argentina on Wednesday alleged that Ghana is violating international law by holding one of its frigates under a court order by creditors suing Buenos Aires over its 2002 bond default.   Ghana's seizure of the warship Libertad "is against the Vienna Convention on diplomatic immunity," an Argentine foreign ministry statement said, alleging the lawsuit by NML Capital was fraudulent.   "The foreign ministry has already taken steps to clarify to the African nation's government the fraud these ...

French opposition seeks more savings, less tax in 2013 budget  PARIS: France's opposition UMP party will push to rebalance the Socialist government's 2013 budget more towards spending cuts and away from tax hikes when the bill goes through parliament, a senior party member said on Wednesday.   President Francois Hollande's government presented the toughest budget in decades last week, counting mostly on tax increases to raise revenues.   Conservative UMP lawmakers want 5-10 billion euros ($6.5-13 billion) in additional savings measures to be written into the budget and tax ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln