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British economy slows sharply to 0.3pc growth in Q1 LONDON: Britain's economy grew far slower than expected in the first quarter of 2015, official data showed Tuesday, delivering a blow to the government just nine days before a general election.Gross domestic product expanded by 0.3 percent between January and March compared with GDP growth of 0.6 percent in the fourth quarter of 2014, the Office for National Statistics said in a statement. Analysts' consensus had been for a slowdown to only 0.5 percent in the first quarter, according to Bloomberg News.Copyright AFP (Agence France-Presse), 2015 ...

Greek PM sees EU-IMF loan deal by early May ATHENS: Greek Prime Minister Alexis Tsipras on Tuesday said he was confident that tough negotiations with his country's EU-IMF creditors would reach a deal by early May."Our goal... is to reach a first agreement this week if possible, or next week at the latest," Tsipras said in a late night interview with Greece's Star TV."I believe we are close," he said.Greece has been trying to negotiate a deal that would unlock 7.2 billion euros ($7.8 ...
Vietnam's bad debts rise to 3.49pc in January HANOI: Commercial banks in Vietnam reported bad debts at 3.49 percent of their outstanding loans in January 2015, up from 3.25 percent the previous month, a state-run newspaper quoted a central banker on Saturday as saying.But the State Bank of Vietnam (SBV) estimated the bad debts in the system at 4.75 percent in January, down from 4.83 percent in December 2014, Deputy Governor Nguyen Thi Hong was quoted by the Thanh Nien (Young People) newspaper ...
Russia's Economy Ministry sees inflation at 12-13pc towards summer end MOSCOW: Russia's Economy Ministry sees inflation slowing to between 12 and 13 percent towards the end of the summer, Deputy Minister Alexei Vedev said on Friday. Copyright Reuters, 2015 ...
German business confidence hits 10-month high FRANKFURT: German business confidence rose to its highest level in 10 months in April, as recovery in Europe's biggest economy continues apace, but optimism could soon begin to stall, the Ifo economic institute said Friday. The Ifo institute's closely watched business climate index rose to 108.6 points this month, its highest level since June 2014, the think tank said in a statement. It was the sixth consecutive monthly increase and was better than analysts had ...
South Korea struggles to keep firms in line over Kaesong wage row SEOUL: The South Korean government struggled Friday to prevent company managers conceding to North Korean wage rise demands for workers in their joint industrial zone in Kaesong.The Unification Ministry admitted that around a dozen South Korean companies operating in the zone had -- contrary to Seoul's directions -- signed a note promising to pay an increased wage.The North unilaterally announced in February a salary hike for the more than 50,000 North Korean workers employed by ...
Eurozone business activity disappoints in April: Markit BRUSSELS: Eurozone business activity slowed in April after hitting an 11-month high in March, denting hopes that a massive European Central Bank stimulus programme would give the economy a quick boost, a key survey showed Thursday.The closely watched Markit Economics Composite Purchasing Managers Output Index (PMI) fell to 53.5 points in April from 54 points in March.Although the report showed the economy holding well above the 50-point boom-or-bust line, Markit said many had hoped it ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln