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Two police, one youth killed in Portugal shooting LISBON: Three people, including two police officers, were killed in a shootout in Portugal on Saturday following a row in a town near Lisbon, police said.Another person was seriously injured when a man opened fire in Quinta do Conde, around 30 kilometres south of the capital, following what television reports called a row between neighbours.A plainclothes policeman, who lived in the neighbourhood, was gunned down after rushing to the spot to investigate after hearing shots.Another officer from a patrol team that was called to the scene was also shot dead, with a bullet to the head.The third victim was a 23-year-old youth, said by local media to be the son of the plainclothes policeman who had intervened to try to assist his father.He was seriously injured in the crossfire and died later in hospital of his injuries, a police spokesman told the local Lusa agency.The suspected shooter, aged 77, was ...

Hollande, Merkel, Putin call for fresh summit on Ukraine PARIS: The leaders of France, Germany and Russia discussed the Ukraine crisis over the phone on Saturday and agreed to hold a new summit in the coming weeks, said the French presidency.Francois Hollande, Angela Merkel and Vladimir Putin once again reaffirmed their support for the "Minsk II" peace measures agreed in February. "They strongly supported the call for a complete ceasefire from September 1 at the time of schools reopening," said the Elysee palace in ...
Croatia's forecast-beating second-quarter growth lifts 2015 hopes ZAGREB: Croatia's economy grew 1.2 percent in the second quarter year-on-year, the state statistics bureau said in its flash estimate on Friday, beating expectations and lifting hopes for full-year growth after a long recession. Analysts' forecasts were an average 0.7 percent, compared with first quarter growth of 0.5 percent year-on-year. "This is certainly a positive surprise driven by stronger household consumption and exports. I expect a similar figure in the third quarter, thanks to tourism, ...
German inflation stays ultra low in Aug, state data suggests BERLIN: German consumer prices remained ultra low in August, data from states around the country suggest, putting pressure on the European Central Bank to consider additional stimulus measures as falling oil prices and a slowdown in China curb inflation. In North Rhine-Westphalia (NRW), the federal state that tends to act as a bellwether for the national inflation rate, consumer prices held steady at 0.2 percent on the year in August. In three other states annual ...
EU clears DTZ's purchase of Cushman & Wakefield BRUSSELS: The European Commission said on Friday it had approved DTZ's planned purchase of peer Cushman & Wakefield Inc for an estimated $2 billion to create one of the world's largest real estate services companies. The combined group, which will have more than $5.5 billion in annual revenue and 250 offices in more than 50 countries, will retain the Cushman & Wakefield name. "The Commission concluded that the proposed acquisition would raise no competition concerns, ...
Italy police detain 10 suspected people traffickers in murder probe PALERMO: Italian police have detained 10 people on suspicion of multiple homicide and aiding illegal immigration after 52 migrants were found dead in the hull of a boat this week, a prosecutor's office source said on Friday. Police in Palermo, Sicily, held the suspects after a Swedish coastguard ship arrived at the port city on Thursday carrying the corpses of the victims and hundreds of survivors. Copyright Reuters, 2015 ...
UK migration hits record level over 12 months LONDON: Net migration to Britain has hit record levels, official figures showed Thursday, with the difference between migrants leaving and arriving in Britain rising to 329,000 in the year to March."The net migration figure was a statistically significant increase from 236,000 in year ending March 2014 and is the highest net migration on record," the Office for National Statistics (ONS) said.Immigration Minister James Brokenshire called the figures "deeply disappointing".Prime Minister David Cameron had vowed to ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln