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Mozambique polls close with opposition crying foul  MAPUTO: Mozambicans voted Wednesday in a closely-fought test for the ruling Frelimo party, which has run the southern African country since independence from Portugal in 1975, with opposition parties crying foul.Frelimo is facing growing discontent over a wealth gap that persists despite huge mineral resources, with fast economic growth sidestepping the bulk of a population that is among the world's poorest.But members of the two opposition parties later claimed they had discovered attempts to stuff ballots by the ruling party."A young man was shot (in the feet). He tried to stop the Frelimo (local) secretary from stuffing boxes," in central Sofala province, said Sandes Carmona, spokesman for the fledgling MDM opposition party.In northern Nampula province, riot police used teargas to disperse a crowd that had gathered at a polling station to watch the counting, claimed the MDM representative in the area, Elias Nquiri.Main opposition Renamo spokesman, Adriano Muchunga, claimed police ...


World vows Ebola action as second US case stirs fears WASHINGTON: World leaders declared the Ebola outbreak the worst global health emergency in years, as President Barack Obama vowed a "much more aggressive" response to the spreading virus, which has killed nearly 4,500 people.US President Barack Obama on Wednesday called on the world to do more, while insisting his own country would be "much more aggressive" in its response, after a second Texas hospital worker tested positive.The fact that the newly infected Dallas caregiver took ...

Putin accuses Obama of hostility, meddling MOSCOW: President Vladimir Putin accused US counterpart Barack Obama of a hostile attitude towards Russia, warning against "attempts to blackmail" Moscow.Speaking ahead of his visit to EU aspirant Serbia on Thursday and key talks with EU leaders on Friday, Putin minced no words, demanding that Washington take Moscow's interests into account.In some of his most combative comments on US-Russia ties yet, the Kremlin strongman took issue with Obama's speech at the United Nations General Assembly ...

As Hillary Clinton stumps for Democrats, 2016 looms large WASHINGTON: Hillary Clinton hit the campaign trail Wednesday in support of a Democratic Senate hopeful, but she sounded every inch like the prospective frontrunner for the 2016 presidential race.The former secretary of state was in Kentucky lending her political star power to Alison Lundergan Grimes, who has mounted an underdog challenge to unseat five-term Senator Mitch McConnell, the chamber's top Republican.The race, in which polls show McConnell with a slim lead, has garnered national attention ...

Obama to hold Ebola meeting at White House, postpones trip WASHINGTON: US President Barack Obama abruptly postponed a political trip he was to make on Wednesday to stay at the White House to convene a high-level meeting about the Ebola outbreak.The White House said Obama's trip to New Jersey and Connecticut has been postponed."Later this afternoon, the president will convene a meeting at the White House of his team coordinating the government's response to the Ebola outbreak," spokesman Josh Earnest said.Copyright Reuters, 2014

Kerry, Zarif, Ashton start talks on Iran's nuclear programme VIENNA: Talks between US Secretary of State John Kerry, his Iranian counterpart and the EU foreign policy chief towards advancing troubled negotiations on Iran's nuclear drive started on Wednesday, an AFP reporter said.The discussions in Vienna between Kerry, Mohammad Javad Zarif and Catherine Ashton come six weeks before a November 24 deadline to strike a deal aimed at easing concerns about Iran's atomic programme.Copyright AFP (Agence France-Presse), 2014

US producer prices fall first time in a year WASHINGTON: US producer prices fell in September for the first time since August 2013, pulled lower by falling energy and food prices, the Labor Department said Wednesday.The producer price index dipped 0.1 percent in September, after a flat reading in August and a 0.1 percent gain in July.Analysts had expected the PPI to rise by 0.1 percent amid tepid price changes on goods and services in the so-called "pipeline" -- before they reach consumers.Year-over-year, producer ...


 



 
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Banking Review 2013


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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln