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US welcomes Azevedo as WTO chief WASHINGTON: The United States welcomed the choice of Roberto Azevedo Wednesday to lead the World Trade Organization, after he beat out Mexico's Herminio Blanco in the final round of the selection process."WTO members had an excellent pool of candidates from which to choose our next director-general, particularly in the case of the two finalists. Both are strong leaders," said acting US Trade Representative Demetrios Marantis."The United States is pleased to join the consensus decision that has selected Roberto Azevedo as the next director-general of the WTO, and we look forward to working with him and with our fellow members for a robust, relevant, and productive organization in the years to come."Washington has raised the pressure on the WTO to conclude the long-stalled Doha round of talks toward a new global trade pact by pushing forward with separate trans-Pacific and trans-Atlantic free trade agreements in case Doha fails.Copyright AFP (Agence France-Presse), ...

Corn, soybeans supported by US weather worry HAMBURG: US corn futures rose on concern rain will make fields too wet for farmers to complete sowings, while cold and wet weather were stalling wheat development and seen lowering the chances of double-cropping soybeans after the wheat harvest.Stalled by rain and late-season snow last week, US farmers have planted just 12 percent of their intended corn area, the slowest pace since 1984, the US Department of Agriculture (USDA) said."The corn and soybean markets are ...
North Korea has gained nothing from recent threats: Obama WASHINGTON: The United States and South Korea vowed on Tuesday to keep up their guard and not reward bad behavior by North Korea, which President Barack Obama said had won no benefits or prestige from recent war threats."If Pyongyang thought its recent threats would drive a wedge between South Korea and the United States or somehow garner the North international respect, today is further evidence that North Korea has failed again," Obama said at a ...
Pentagon cites new drive to develop anti-satellite weapons WASHINGTON: Deputy Defense Secretary Ashton Carter on Tuesday said the US military had launched a "long overdue" effort to safeguard US national security satellites and develop ways to counter the space capabilities of potential adversaries."We have established, really, for the first time, an integrated effort to bring together our space programs, all of them, with those folks who understand best the anti-satellite threat, and also how we can operate, if we have to, without spacecraft," ...
Huge questions in US as decade old kidnapping ends CHICAGO: Spellbound by a horrible story with a happy ending, Americans hungrily awaited details on Tuesday on the ordeal of three women who went missing around a decade ago and suddenly escaped from their abductor.All three were found Monday in a house in Cleveland, not far from where they went missing. An arm sticking out of a door and screams from one of the kidnapped women, answered by a neighbor, are what got it all ...
Three women, missing for a decade, found alive in US CHICAGO: Three young women who had been missing for a decade -- two of whom disappeared as teenagers -- were found alive in a house in Cleveland, police in the US state of Ohio said Monday.The dramatic discovery drew hundreds of cheering people to the usually quiet, residential street to celebrate that girls, long feared dead, were very much alive.The details of the trauma they may have suffered in captivity were not yet known, but ...
North Korea missiles moved away from launch site: US officials WASHINGTON: North Korea has taken two Musudan missiles off launch-ready status and moved them from their position on the country's east coast, US officials told Reuters on Monday, after weeks of concern that Pyongyang had been poised for a test-launch.US Secretary of State John Kerry warned North Korea last month that it would be a "huge mistake" to launch the medium-range missiles, but the prospects of a test had put Seoul, Washington and Toyko on ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyFBS July-June
Trade Balance $-21.271 bln
Exports $23.641 bln
Imports $44.912 bln
WeeklyMay 13, 2013
Reserves $11.863 bln