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US, China bridge some economic differences in Washington talks WASHINGTON: US and Chinese negotiators bridged some differences over economic policy in annual bilateral talks Wednesday, even as the two countries continue to wrestle with major strategic disagreements.Both sides suggested they closed gaps in talks on a bilateral investment treaty (BIT) following the talks. And Washington appeared more ready to support a major step in the internationalization of the Chinese yuan, its inclusion in the basket underpinning the International Monetary Fund's SDR currency.But there was little sign that Washington was ready to embrace China's new Asian Infrastructure Investment Bank, which the US says risks undermining social and environmental standards for loans established by the World Bank. US Treasury Secretary Jacob Lew said at the end of the two-day US-China Strategic and Economic Dialogue that China had agreed to hold off on interventions in the foreign exchange markets to manage the yuan's value except in situations of "disorderly market conditions."China also ...

For Kerry, Iran deal would be a legacy hit after many misses WASHINGTON: If US Secretary of State John Kerry pulls off a nuclear deal with Iran, it will be a singular achievement in a long career in which the grand prize has eluded him.His 2004 presidential election loss, lack of legislative monuments despite 28 years in the Senate, and failure, like many before, to bring peace to Israelis and Palestinians have contributed to a view that he struggles to seal major successes.The 71-year-old has expended remarkable ...
US jobless claims fall WASHINGTON: New claims for US unemployment benefits fell last week, the government said Thursday in a report adding further evidence of a tightening labor market.Initial jobless claims dropped by 12,000 to 267,000 in the week ending June 13, the Labor Department said. The prior week's level was unrevised.The reading was better than analysts expected, with an average estimate pegged at 276,000.The four-week moving average totaled 276,750, a decline of 2,000 from the previous week. A ...
Mexico City mayor to run for president in 2018 MEXICO CITY: Mexico City Mayor Miguel Angel Mancera has joined an early group of presidential hopefuls and left the door open for an historic run as an independent in the 2018 race."I want to be president," Mancera, the mega-city's 49-year-old former chief prosecutor, told Milenio television late Monday.Mancera was elected mayor in 2012 under the banner of the leftist Democratic Revolution Party (PRD) but he is not a member of it, giving him the option ...
Obama invites Netanyahu for post-Iran deal talks JERUSALEM: US President Barack Obama has invited Israeli Prime Minister Benjamin Netanyahu for talks in Washington next month after a deadline for reaching a nuclear agreement with Iran, an Israeli newspaper reported on Tuesday, quoting State Department sources.A spokesman for Netanyahu's office had no immediate official comment on the report. Officials speaking on condition of anonymity, however, told reporters that no such invitation had been received.The mass-circulation Yedioth Ahronoth daily quoted unidentified sources at the ...
Kerry only taking Tylenol for broken leg: report WASHINGTON: US Secretary of State John Kerry is taking nothing more than Tylenol for his broken leg following his low-speed bike accident, he said in an interview published Sunday.Kerry, who remains deeply engaged in the Iranian nuclear talks that have taken place over the past 18 months, told the Boston Globe that the narcotics doctors prescribed for him were having undesired effects. "All I'm taking is Tylenol," he told the paper in an interview Saturday. ...
Bill Clinton: Hillary the 'rock' of the family WASHINGTON: Bill Clinton said in an interview aired Sunday that he admires his wife Hillary as she makes her second run for the White House, defending her integrity in the face of attacks.On Saturday, Clinton held the first major rally of her campaign to become America's first woman president, on home turf in New York."I trust her with my life, and have on more than one occasion," the former US president told CNN's "State of ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln