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South Korea Nov 1-20 exports rise 3.6pc y/y, imports down 3.1pc SEOUL: South Korean exports rose 3.6 percent in the first 20 days of November compared with the same period last year while imports fell 3.1 percent, customs agency data showed on Friday.Exports for the Nov. 1-20 period totaled $29.854 billion and imports were $28.567, Korea Customs Service said on its website.It said the trade surplus for the 20 days was $1.287 billion.The trade ministry will release preliminary trade figures for all of November on Dec. 1.Copyright Reuters, 2014


Mexico police, protesters clash outside National Palace MEXICO CITY: Riot police clashed with protesters outside Mexico City's National Palace on Thursday, after a massive march against the government's handling of the investigation into the feared massacre of 43 students.Police sprayed water at the protesters, some of whom kicked the officers' shields, after powerful firecrackers were thrown at the palace, which President Enrique Pena Nieto uses for ceremonies.Copyright AFP (Agence France-Presse), 2014

Britain's UKIP set for landmark poll win ROCHESTER: Britain's anti-EU UK Independence Party (UKIP) was set to claim its second seat in parliament, as votes were counted early Friday in the town of Rochester, potentially foreshadowing a political upheaval at next year's general election.The by-election in southeast England on Thursday was called after MP Mark Reckless defected in September from Prime Minister David Cameron's Conservative Party to UKIP, which wants strict quotas on immigration.Speculation over further defections to UKIP swirled after Reckless ...

Clashes as Mexicans hold rally for 43 missing students MEXICO CITY: Tens of thousands of black-clad protesters angry at the presumed slaughter of 43 students marched in Mexico City on Thursday, chanting for President Enrique Pena Nieto's resignation.In the latest day of nationwide demonstrations, protesters waved blackened Mexican flag, shouting "Urgent! Urgent for the president to resign!" and "He will fall, he will fall, Pena Nieto will fall!"Parents of the 43 male college students, who reject claims their sons are dead, led the march ...

Ousted Burkina president arrives in Morocco from I Coast RABAT: Burkina Faso's deposed president Blaise Compaore arrived in Morocco from Ivory Coast, where he has been in exile since his ouster in a popular revolt last month, the Moroccan foreign ministry announced early Friday.Compaore, 63, arrived with five other people for a "fixed-term visit," it said in a statement released on the official MAP news agency, without mentioning any time-frame."The kingdom of Morocco, which has strong historic, human and political links with Burkina Faso, ...

UK retail sales rebound, set to counter growth slowdown LONDON: British retail sales jumped in October, suggesting that shoppers will take the edge off an end-of-year economic slowdown as Europe's weak growth takes its toll on Britain's factories.Sales volumes rose by a much stronger-than-expected 0.8 percent on the month, helped by purchases of furniture after the housing market surged earlier this year and by falling prices, data from the Office for National Statistics showed on Thursday.Consumer spending has driven Britain's strong economic recovery which ...

US consumer prices unchanged, but underlying inflation picking up WASHINGTON: US consumer prices were unexpectedly flat in October, but there are signs that underlying inflation pressures are starting to push higher.The Labor Department said on Thursday falling gasoline prices, which offset rising shelter and medical costs, had restrained its Consumer Price Index last month.The CPI had gained 0.1 percent in September and economists polled by Reuters had it slipping 0.1 percent last month. The CPI increased 1.7 percent in the 12 months through October, ...


 



 
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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