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Australian jobless rate rises to 5.6 percent SYDNEY: Australia's jobless rate jumped 0.2 percentage points to 5.6 percent in March with 36,100 fewer people employed, following a sharp rise in positions created the previous month.The Australian Bureau of Statistics said the unemployment rate was up from 5.4 percent, defying analysts, who had broadly tipped the rate to remain steady.The number of jobs lost, seasonally adjusted, was nearly half the upwardly revised 74,000 gained in February, a result that was a near 13-year high and smashed forecasts.The Australian dollar dropped on the data to US$1.0517 from US$1.0537 on expectations that the central bank is more likely to ease interest rates if the labour market weakens.The Reserve Bank of Australia last week kept interest rates on hold at 3.0 percent, saying global downside risks appeared to have eased but domestic pressures were lingering.Both part-time and full-time employment fell in March with the participation rate -- the proportion of people ...

China targets bird flu rumours as cases rise SHANGHAI: China has detained at least a dozen people for spreading false rumours about bird flu, police statements showed Wednesday, with authorities seeking to control "panic" as the number of cases rose to 33.There have been nine deaths since China announced over a week ago that the H7N9 strain of avian influenza had been found in humans for the first time.Local governments announced five new cases, but state media also reported a four-year-old boy in ...
Thatcher made 'racist' comments: Australian FM Carr SYDNEY: Australian Foreign Minister Bob Carr says late British leader Margaret Thatcher made "unabashedly racist" comments, recalling what she allegedly said to him about Asian immigration after she left office.Carr said the conservative "Iron Lady", who died in London on Monday, had told him Australia could end up like Fiji "where the Indian migrants have taken over".While Labor stalwart Carr, who has a Malaysian-born wife, said he respected Thatcher for the boldness of her political ...
South Korea raises alert before expected North Korea missile test SEOUL: South Korea raised its military watch alert to "vital threat" Wednesday before an expected North Korean missile launch, as UN chief Ban Ki-moon warned the Korean peninsula may be slipping out of control.The North last week, told foreign diplomats in Pyongyang they had until April 10 to consider evacuation, fuelling speculation a launch was planned between Wednesday and the April 15 birthday celebrations for late founder Kim Il-Sung.South Korean intelligence says the North has ...
South Korea jobless rate falls in March SEOUL: South Korea's unemployment rate fell in March after a number of job seekers left the market for further education or stopped looking for work, state data showed Wednesday. The seasonally adjusted unemployment rate stood at 3.2 percent in March, compared with 3.5 percent in February and 3.4 percent a year ago, state-run Statistics Korea said.Unadjusted, the jobless rate was 3.5 percent in March, down from 4.0 percent in February.The state agency said the number ...
Cyber attacks hurt China's credibility: US official BEIJING: Cyber attacks against the United States from China are eroding the country's credibility and scaring off potential foreign investors afraid of losing their intellectual property, a senior US official said on Tuesday. The sheer scale of hacking attacks from China bred mistrust in the US government as well as the business community, said Robert Hormats, US under secretary of state for economic growth, energy and the environment. China has repeatedly dismissed the accusations as ...
Philippine dictator staged military drag show: WikiLeaks MANILA: Then-Philippine dictator Ferdinand Marcos forced his military chiefs to parade as women during a tasteless, sycophantic birthday party planned by his unstable wife, according to US diplomatic cables.The US ambassador to the Philippines in the mid-1970s, William Sullivan, wrote a series of blistering criticisms of Ferdinand and Imelda Marcos in secret cables that have since been declassified and published by WikiLeaks.In one of the reports, dated September 12, 1973, Sullivan recounted a "two-day blast" ...

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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln