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Obama, Senate Democrats huddle on next steps for fast-track  trade bill %9 %9 WASHINGTON: President Barack Obama huddled with Senate Democrats on Tuesday to talk about how to move forward after Democrats blocked debate on granting him trade promotion authority (TPA), an administration official said."The president convened a meeting today with Senate Democrats, including members who have publicly indicated their support for advancing a TPA bill, to discuss a path forward for this legislation," the official said, speaking on background.Copyright Reuters, 2015

MH370 search finds uncharted shipwreck SYDNEY: The hunt for missing Malaysia Airlines Flight MH370 has uncovered a previously uncharted shipwreck, leading officials to say Wednesday that if the plane is in their search zone they will find it.The Australian-led team is scouring the southern Indian Ocean seabed in hope of finding the final resting place of MH370, which vanished on March 8, 2014 en route from Kuala Lumpur to Beijing. No wreckage from the flight, which was carrying 239 people, ...

Prince Harry fires up for haka in New Zealand PALMERSTON NORTH: Britain's Prince Harry performed a fearsome Maori war dance, or haka, and mingled with tattooed ex-convicts on his trip to New Zealand Wednesday.Red-faced and sweating with exertion, the fifth in line to the throne participated in a chest-thumping, foot-stomping haka alongside about 30 soldiers at the Linton army camp north of Wellington.He had just 20 minutes to learn the dance before performing it publicly, with his instructor Warrant Officer Brett Pene praising the ...

French economic growth jumps to 0.6pc in first quarter PARIS: French economic growth jumped to a better-than-expected 0.6 percent in the first quarter despite a fall in investment, figures released Wednesday showed.The encouraging figures for the second-largest economy in the eurozone were welcomed as "clearly comforting" by Finance Minister Michel Sapin.Copyright AFP (Agence France-Presse), 2015

German inflation higher in April FRANKFURT: Inflation in Germany, Europe's biggest economy, crept higher in April with consumer prices rising by 0.5 percent year-on-year, final data showed on Wednesday. The previous month, the consumer price index had risen by 0.3 percent on a 12-month basis, the federal statistics office Destatis said in a statement.The final data represent a fractional upward revision from the 0.4 percent originally reported at the end of April. Using the Harmonised Index of Consumer Prices (HICP) ...

China retail sales growth at nine-year low in April: govt BEIJING: Retail sales growth in China fell to 10.0 percent in April, authorities said Wednesday, missing expectations and the lowest for nine years.Industrial output in the world's second-largest economy rose 5.9 percent in April, the National Bureau of Statistics said, while fixed asset investment, a measure of government spending on infrastructure, expanded 12.0 percent in the first four months of the year.Copyright AFP (Agence France-Presse), 2015

Two dead in shooting at South Korea military camp SEOUL: A South Korean army reservist killed one person and wounded three others, before turning the gun on himself during an apparent shooting spree Wednesday at a military training camp, the defence ministry said. The unidentified reservist opened fire with his rifle during shooting practice at the camp in southern Seoul, a ministry spokesman said."The man killed himself on the spot following the shooting spree that killed one of his fellow reservists and wounded three ...


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Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,117.17 0.50
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Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,643.88 1.12

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln