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Magnitude 8.5 quake strikes off eastern Japan, no tsunami danger or immediate damage TOKYO: A magnitude 8.5 earthquake struck off the east coast of Japan on Saturday, shaking buildings in Tokyo, but there was no danger of a tsunami and no immediate reports of damage since the quake was extremely deep.There were no reports of further irregularities at the Fukushima Dai-ichi nuclear plant, damaged four years ago in a massive 9.0 magnitude quake, or any other nuclear facilities.The Shinkansen high speed train line had briefly stopped between Tokyo and Osaka due a power outage.The quake, centred off the Ogasawara islands south of Tokyo, occurred at a depth of 590 km and, unusually, was felt throughout much of Japan, but there were no immediate reports of significant damage or injuries, though the Tokyo Fire Department had received calls of people suffering injuries through falls, NHK national television said.In Chiba, just east of Tokyo, loudspeaker broadcasts called on people to remain calm, but there were ...

Rouhani calls for 'free' legislative vote in Iran     TEHRAN: Iranian President Hassan Rouhani said on Saturday that the government aims to hold "free" parliamentary elections next year, the official IRNA news agency reported."The success of the government to is to hold free, healthy and competitive elections," Rouhani said in a speech to governors and provincial governors.Iranians will vote for a new parliament on February 26, 2016, when elections for the Assembly of Experts in charge of appointing, supervising and dismissing the supreme leader ...
India battles deadliest heatwave in two decades HYDERABAD: Indian authorities urged hospitals to treat heatstroke as an emergency as the toll from a long heatwave topped 1,800 on Friday, making it the deadliest in more than two decades.Hundreds of mainly poor people die at the height of summer every year in India, but this year's figures are already nearly double the annual average.Experts say the official figures likely understate the true impact because heatstroke disproportionately affects the poor and homeless, who are ...
India's ex-premier says new regime undermining democracy NEW DELHI: India's former prime minister on Wednesday accused his successor Narendra Modi of suppressing dissent and undermining democratic institutions, in an unusually outspoken attack a year after losing office.Manmohan Singh said Modi's government had "rewritten" history to suit its Hindu nationalist mindset since storming to power in general elections last May."Institutions of democracy are under threat. The entire edifice of the welfare state is now being dismantled," said the 82-year-old Congress leader in a ...
More than 430 dead in India heatwave HYDERABAD: More than 430 people have died in two Indian states from a days-long heatwave that has seen temperatures nudging 50 degrees Celsius (122 degrees Fahrenheit), officials said Monday.Officials warned the toll was almost certain to rise, with figures still being collected in some parts of the hard-hit Telangana state in the south of the country, and with no end in sight to the searing conditions.Large parts of India, including national capital New Delhi, have ...
China's Xi says Japan friendship 'worth cherishing'   BEIJING: China's President Xi Jinping struck a friendly tone on relations with Japan Saturday, but touched on disputes over history which still add to tensions between the East Asian giants.Ties between Beijing and Tokyo have warmed over the past year, but strains over territorial disputes and attitudes towards wartime history persist.Xi told a forum in Beijing that "peace and friendly cooperation between China and Japan is the common will of the people, and the general ...
India Tamil leader returns as state chief after graft case NEW DELHI: One of India's most powerful politicians returned Saturday as chief minister of southern Tamil Nadu state, less than a fortnight after a court acquitted her of corruption.Former film star Jayalalithaa Jayaram was forced to stand down as chief minister of prosperous Tamil Nadu after being found guilty last September of amassing illegal wealth while in office.The 67-year-old was sentenced to four years in jail and fined one billion rupees ($16 million) in a ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln