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China says Vietnam must stop South China Sea oil work  BEIJING: Vietnam must immediately stop its unilateral oil exploration in disputed areas of the South China Sea, China's Foreign Ministry said on Thursday.   Vietnam expelled Chinese fishing boats from waters near China's southern Hainan province, Foreign Ministry spokesman Hong Lei said at a regular briefing on Thursday.   It was not immediately clear when the incident took place.   The vast waters of the South China Sea are rich in oil and gas and are contested by China, Vietnam, the Philippines, while Taiwan, Malaysia and Brunei also lay claims to parts of it.   Last Friday a Vietnamese ship in the waters had a cable it was pulling cut by two Chinese fishing ships. Copyright Reuters, 2012 ...

South Africa Q3 current account gap steady at 6.4pc of GDP PRETORIA: South Africa's current account deficit held steady at 6.4 percent of gross domestic product in the third quarter of 2012 even as the trade account recorded its biggest shortfall in over a year, t he South African Reserve Bank said on Thursday.   "Domestic production suffered from widespread industrial action, thereby contributing to the country's lacklustre export performance," the bank said in its December Quarterly Bulletin that reports on third quarter economic activity.   However, lower dividend payments to ...
French jobless rate hits 10.3pc, highest in 13 years  PARIS: France's unemployment rate rose to 10.3 percent in the third quarter of 2012, its highest since the third quarter of 1999, fr om 10.2 percent in the previous quarter, d ata published by national statistics office INSEE showed on Thursday.   The jobless figure, based on the measurement criteria of the International Labour Organisation (ILO), showed the scale of the challenge President Francois Hollande faces as he seeks to make good on a goal of reversing ...
S&P Publishes Japan SF RAC Report For November 2012  TOKYO: Standard & Poor's Ratings Services today published its list of rating agency confirmations (RACs) for Japanese structured finance transactions from Nov. 1, 2012, to Nov. 30, 2012. We are publishing this list to provide investors and other market participants with more timely information regarding certain amendments to publicly rated structured finance transactions.   Our decision to provide an RAC reflects our opinion that a proposed amendment will not in and of itself result in a downgrade, ...
South Korean growth slows to three-year low  SEOUL: South Korea's economy grew 0.1 percent in the third quarter from the previous three months -- the slowest pace in more than three years, on shrinking investment and manufacturing, data showed Thursday.   The revised figure -- compared to 0.2 percent growth predicted by the Bank of Korea in October -- was the same as the first quarter of 2009 when the South was hit by the global financial crisis.   On a year-on-year basis, gross domestic product ...
Australian jobless rate in surprise drop to 5.2pc  SYDNEY: Australia posted a surprise drop in unemployment to 5.2 percent Thursday, despite data showing the mining-powered economy is cooling due to China's slowdown.   The Australian Bureau of Statistics said the seasonally adjusted jobless rate fell from 5.4 percent in October to a three-month low of 5.2 percent last month, with the economy creating an unexpectedly high 13,900 jobs.   Analysts had expected unemployment to increase to 5.5 percent, with September quarter growth data published Wednesday showing the ...
New Zealand WELLINGTON: New Zealand's central bank left interest rates at a record low of 2.5 percent on Thursday, saying it expected modest short-term domestic growth amid rising unemployment and low inflation.   The Reserve Bank of New Zealand said that while economic growth was expected to rise to 2.5-3.0 percent over the next two years "on balance, it remains appropriate for the OCR (official cash rate) to be held at 2.5 percent".   Central bank governor Graeme Wheeler said reconstruction ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
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WeeklyOctober 27, 2014
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