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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 royal's efforts."Given the time restraints in trying to teach him, it was a bit difficult trying to learn the actions and the words, so I think he did really well," he told reporters."He was sweating, we were sweating, a bit of frustration set in. He was keen, that was the main thing."The Maori haka is a traditional challenge, the most famous of which "Ka Mate" is regularly performed by the All Blacks rugby team.Harry performed ...

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 ...

Mozambique's economy to grow 7pc in 2015: IMF MAPUTO: The International Monetary Fund said Tuesday it expected Mozambique's economy to grow seven percent this year, thanks to investment in the vast northeastern Rovuma gas fields."Mozambique's economic performance remains robust and stronger than most other Sub-Saharan African countries," said Alex Segura-Ubiergo, who led an IMF team on a two-week trip to Mozambique."Growth is expected to reach seven percent in 2015."The Fund forecasts growth to climb to an average of eight percent for four years ...

EU to warn Finland over budget deficits: media HELSINKI: The European Commission will issue a warning for Finland over its budget deficit and public debt that are seen breaching the EU limits, Finnish public broadcaster YLE and Helsingin Sanomat daily reported on Tuesday.According to YLE citing unnamed sources, Finland will be the only member state to get such a warning from the EU on Wednesday. Finnish government officials were not immediately available for comment.The EU Commission forecast earlier this month that Finland's general ...


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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln