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Obama signs Myanmar finance bill into law  WASHINGTON: President Barack Obama on Friday signed into law a measure making it easier for the United States to back international financial institutions which support Myanmar's reform drive.   The legislation, passed by Congress last month, comes as the United States lifts financial and other sanctions on Myanmar, to reward a political opening engineered by President Thein Sein after decades of military rule.   The US Treasury said that the move will support "stronger institutions to ensure sound economic policy and good governance in Burma" and would support development and help reintegrate the isolated state into the global economy.   At the order of the US president, American representatives will be empowered by the law to support financial assistance from international bodies for Myanmar, which is also known as Burma.   "Implementation of this law will provide the United States with the ability to shape the policies and activities of these institutions in a way that advances reform, ...

Obama touts jobs report as he seeks to lift campaign  FAIRFAX: President Barack Obama on Friday hailed a drop in the US jobless rate to the lowest level since he took office, saying the country has "come too far to turn back now," as he sought to recover from a lackluster debate performance against Republican challenger Mitt Romney.   A decline in unemployment to 7.8 percent in September, announced a month before Election Day, gave Obama an unexpected shine to the most vulnerable part of his presidential ...
Obama braces for new job numbers   WASHINGTON: Barack Obama braced for more bad news with the release of a monthly jobs report on Friday expected to show an economy as listless as the president's White House debate performance this week.   Republican challenger Mitt Romney meanwhile, fresh from a much-needed debate win and aiming for the political centre, said his earlier remarks dismissing 47 percent of Americans as government dependents were "completely wrong."   The admission came amid a campaign reset that shocked Obama at ...
Romney says his 47pc comment was "completely wrong"  HARRISONBURG: Republican presidential candidate Mitt Romney said on Thursday his comment on a secretly taped video in which he disparaged 47 percent of voters as dependent on government "was just completely wrong," as he attempted to repair the damage from the controversy.   Romney's interview with Fox News' Sean Hannity was the first time he completely disavowed remarks he made at a private fundraiser in May and which have emerged as a major stumbling block in his ...
US online jobs demand eases in Sept  NEW YORK: A gauge of online labor demand in the United States declined in September, though the number of jobs available was up from a year ago, the operator of a job search website said on Friday.   Monster Worldwide Inc, an online careers and recruiting firm, said its employment index slipped 1.9 percent to 153 points last month from 156 in August. The index was up more than 3 percent from 148 a year ago.   Online demand ...
US needs offensive weapons in cyberwar: general  WASHINGTON: The United States needs to develop offensive weapons in cyberspace as part of its effort to protect the nation from cyber attacks, a senior military official said Thursday.   "If your defense is only to try to block attacks you can never be successful," General Keith Alexander, director of the National Security Agency and commander of the US Cyber Command, told a Washington symposium.   "At times, the government has to look at what you have to do ...
Romney to hit Obama on foreign policy Monday  WASHINGTON: Republican White House hopeful Mitt Romney will address foreign policy and national security in a major speech Monday in the key electoral battleground of Virginia, his campaign said.   A Romney spokesperson told AFP Thursday that the address will take place at the Virginia Military Institute (VMI), one of the nation's oldest military colleges.   Romney reinvigorated his flagging campaign with a command performance in Wednesday's first presidential debate, aggressively challenging Barack Obama on his economic record, health ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln