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PM Cameron to appeal to keep Britain intact on last Scotland visit before vote ABERDEEN/LONDON: British Prime Minister David Cameron is expected to appeal to Scots' emotions on his last visit to Scotland before this week's historic referendum by warning them on Monday that a vote to leave the United Kingdom would be irreversible.With opinion polls suggesting the referendum remains too close to call, Cameron, the leader of the ruling Conservative party, which draws most of its support from England, will plead with voters not to use the referendum as a protest vote."There's no going back from this. No re-run. If Scotland votes "yes" the UK will split and we will go our separate ways forever," he will say, according to advance extracts of his speech given to media by his advisers.Cameron's trip is a last-ditch effort to try to persuade Scotland's many undecided voters to reject independence. Up to 500,000 people out of more than 4 million registered voters are estimated to be ...


Canadian home sales surge in August, to peak in Q3 TORONTO: Sales of existing homes in Canada rose in August from July, hitting the highest level since January 2010, the Canadian Real Estate Association (CREA) said on Monday, but it predicted sales will peak in the third quarter and decline in 2015.The industry group for Canadian real estate agents said sales were up 1.8 percent last month from July. Actual sales for August, not seasonally adjusted, were up 2.1 percent from August 2013.CREA's home price ...

India considers closing some loss-making state firms NEW DELHI: Indian government officials will meet on Tuesday to discuss proposals to shut down some loss-making state-owned companies, risking a conflict with powerful trade unions.After two decades of halting privatisations, the central government still owns about 260 firms and thousands more at the state level, involved in activities ranging from generating nuclear power to making condoms.Some of them, including Oil and Natural Gas Corporation and Steel Authority of India are successful, but there are ...

Ireland likely to use cash to pay off some IMF loans: minister WEXFORD: Ireland will likely use cash reserves to repay some of around 18 billion euros of loans to the International Monetary Fund in a bid to cut its interest bill, the country's Spending Minister said on Monday.Dublin has received support from the International Monetary Fund and euro zone partners about a plan to repay the loans, which have higher interest rates than other parts of an international bailout it received in the wake of a ...

Typhoon Kalmaegi sweeps out of Philippines MANILA: Typhoon Kalmaegi swept out of the Philippines on Monday after causing chest-deep floods in some rural areas but largely leaving the storm-prone country unscathed, authorities said.The storm, with winds of 160 kilometres (100 miles) an hour, struck the northeast of the main Philippine island of Luzon on Sunday evening, then moved west across land before heading into the South China Sea on Monday.Six people were killed after a passenger ferry sank in the central ...

India inflation hits 5-year low but rates to stay high MUMBAI: India's wholesale price inflation slowed last month to its lowest in nearly five years, data showed Monday, but the country's central bank governor dampened hopes of an interest rate cut.The Wholesale Price Index rose 3.74 percent year on year -- far below market forecasts of 4.40 percent -- and sharply lower than the 5.19 percent rate clocked up the previous month, data released by the commerce ministry showed.The better-than-expected wholesale price inflation performance came ...

Eurozone exports fall for second month BRUSSELS: Eurozone exports fell for the second month running in July, official data showed on Monday, signalling that foreign trade is not showing the way to recovery in the stagnating single-currency bloc.Exports from the 18-nation eurozone dipped by 0.2 percent in July compared with June to 168.0 billion euros ($218 billion), the European Union's statistics agency Eurostat said.Exports had dropped by 0.3 percent the month before."The weakening euro may well have hit Eurozone export values ...


 



 
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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