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Japan wants TOKYO: Japan wants to develop "mutually beneficial" relations with China's new leaders, the country's foreign ministry said Thursday, after Beijing unveiled its new top line-up.   "We really hope that the mutually beneficial relationship based on common strategic interests will be further developed and enhanced with the new leadership" of China, the ministry's Deputy Press Secretary Naoko Saiki said.   Copyright AFP (Agence France-Presse), 2012 ...

French museum to open major show in China SHANGHAI: France's Musee d'Orsay will on Friday open a major exhibition of paintings from the 19th century at the new modern art museum in China's commercial hub of Shanghai, museum officials said Wednesday.   Many of the 87 paintings by artists in the French Naturalism movement, including works by Gustave Courbet and Jean-Francois Millet, are being shown in China for the first time, exhibition organisers told a news conference.   "It's a very large exhibition. We have sent large ...
10 killed as Iran rescue chopper crashes in fog: report TEHRAN: Ten people were killed Wednesday when a rescue helicopter ferrying wounded people from a vehicle accident to hospital hit power lines and crashed to the ground in northeastern Iran, media reported.   Those who died included four members of the helicopter crew, five people who had been wounded in the minibus crash and a medic from the emergency services.   "Eight people were killed on the spot and two people wounded in the crash died later in hospital," ...
Japan PM offers election if opposition cooperates TOKYO: Japan's Prime Minister Yoshihiko Noda said he would dissolve parliament on Friday to hold an election if his opponents play ball on reforming the electoral system.   "I will dissolve the parliament on November 16" if the Liberal Democratic Party promises to cooperate on slashing the number of seats in the lower house, Noda said Wednesday in a one-on-one debate with LDP president Shinzo Abe.   Noda promised to call a snap election "in the near future" in ...
Quake rocks central Philippines MANILA: A 5.8-magnitude quake rocked the central Philippines on Wednesday, with seismologists warning it could cause damage.   The quake struck at sea 71 kilometres (44 miles) off Negros island's coast at 1:21pm (0521 GMT), with fairly strong ground shaking across the island's west coast, the Philippine Institute of Volcanology and Seismology said.   The ground disturbance was fairly shallow, and the institute expects damage and aftershocks, it said in a bulletin.   However, the civil defence office in the region ...
SEOUL: South Korean prosecutors said Wednesday they would refer President Lee Myung-Bak's only son to the tax authorities as they handed down indictments over a land deal for Lee's retirement home.   Although Lee Si-Hyung was not among the three people indicted, prosecutors said his tax records would be checked for possible evasion of gift tax on financial help he received from family members to help buy a plot for the home.   "Lee Si-Hyung has been cleared of ...
South Korea urges Russia to send rocket parts swiftly SEOUL: South Korea has urged Russia to send rocket parts as soon as possible so it can go ahead with an already-delayed satellite launch this month, an official said Tuesday.   Seoul wants to make another attempt to send the satellite into space between November 9 and 24 after last month's rocket launch was cancelled because of a defective part.   "We've been asking Russia to give a green light at the earliest possible date, but we don't know ...

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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln