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Ryan says CHICAGO: Former Republican vice presidential candidate Paul Ryan said Monday he has "no regrets" over the 2012 campaign despite losing the election last week.   In his first public comments since Mitt Romney was defeated by President Barack Obama after a multi-billion-dollar campaign, Ryan admitted the Democratic incumbent "did a better job of getting voters to the polls."   "It hurts to lose a big election like this, but I don't have any regrets whatsoever," Ryan told the Racine Journal Times on Monday as part of a series of interviews with local media outlets in his native Wisconsin.   "We ran the kind of race we wanted to run," campaigning on "specific solutions and big ideas," he said.   "It's bittersweet. The sweet part is I'm back home on the block I grew up on, with my friends and family," he said. "The bitter part is we lost a major presidential election at a critical time."   Ryan is expected ...


WASHINGTON: Algeria's economy should grow 2.5 percent this year and 3.4 percent in 2013, the International Monetary Fund said on Monday, buoyed by domestic demand, public spending and a rebounding oil and gas sector.   But rising food prices and public wage hikes have pushed up inflation, which spiked to 8.4 percent this year, the IMF said after the visit of its annual mission to the North African country.   The Algerian government has forecast growth of 4.7 percent ...

Guatemalan quake does damage to historic buildings  GUATEMALA CITY: Historic buildings around Guatemala, including centuries-old town halls and churches, were hard hit by the earthquake that struck last week, killing 42 people, authorities said Monday.   In San Marcos, west of the capital, serious damage was done to the Palacio Maya (Maya Palace) built in 1942 as well as to the Quetzal hall, mayor Carlos Barrios told local media.   "These architectural jewels simply gave way to the earthquake. All we can do is remember how ...

Brazil retail sales likely grew in Sept for 4th month  SAO PAULO: Retail sales in Brazil likely grew in September for the fourth month in a row as low unemployment and rising wages continued to support supermarket sales, a Reuters poll showed.   However, the increase was probably not enough to offset a drop in industrial output in the same month and support the economy - highlighting the uneven nature of Brazil's recent growth and suggesting that economic activity sputtered as the third quarter ended.   Retail sales likely ...

Mexico industrial production revives in September  MEXICO CITY: Mexico's industrial output rose more than expected in September, as factories in Latin America's No. 2 economy gained steam in line with their US counterparts.   Growth in industrial production picked up to a seasonally adjusted 0.9 percent from a 0.8 percent contraction in August, which was the biggest fall in three years, according to revised numbers released by the National Statistics Agency on Monday.   September's month-over-month number also beat expectations for a 0.22 percent expansion ...

LOS ANGELES: The cost of treating heart disease has become a key factor in decisions by US cardiologists grappling with the nation's No. 1 killer.   Record prices for drugs and devices, reduced reimbursement by insurance plans and the looming full implementation of the healthcare reform law are convincing doctors to consider not only novel treatments, but also how to get the most bang for the buck.   The trend was reflected at the annual scientific meeting of the ...

WADA calls for wider effort to tackle sports doping PARIS: The World Anti-Doping Agency (WADA) on Monday called for wider efforts to tackle the use of banned substances in sport, warning that lack of funding was hampering its fight against increasingly sophisticated cheating.   "With $25-30 million (20-24 million euros of funding) a year, WADA's budget is less than some European footballers earn," the organisation's director-general David Howman told a conference in Paris.   "The (Lance) Armstrong affair especially has shown that we're dealing with a more and ...


 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln