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Ahmadinejad hits out at NUSA DUA: Iranian President Mahmoud Ahmadinejad Thursday described the US elections as a "battleground for the capitalists" and dismissed its outcome as not important.   He called on the United States to stop interfering in other countries' affairs and withdraw from military bases worldwide.   Speaking on the opening day of the Bali Democracy Forum, a day after President Barack Obama was elected for a second term, Ahmadinejad said: "Just take a look at the situation in Europe and the US.   "An election, which is one of the manifestations of the people's will, has become a battleground for the capitalists, and an excuse for hefty spending."   An estimated $6 billion was spent in US federal races, making the 2012 general election the most expensive poll in American history, experts have said.   Asked to comment on Obama's re-election, he said: "Coming or going, winning or losing, is not important. The important thing is the policies and behaviours and ...

China BEIJING: China's President Hu Jintao warned Taiwan on Thursday against any moves towards independence but called for the two sides to continue the exchanges that have helped ease their longtime rivalry.   "We resolutely oppose any separatist attempt for Taiwan independence," Hu said in an address to his ruling Communist Party's five-yearly congress.   "The Chinese people will never allow anyone or any force to separate Taiwan from the motherland by any means," Hu said in the speech, in ...
China must use sea power in TOKYO: Beijing must carry use its sea power in a "peaceful manner", Japan said on Thursday, after President Hu Jintao staked a claim for China to become a maritime power.   "It is not surprising to hear leaders in (China) speak about their intention to engage in maritime activities," a Japanese foreign ministry spokeswoman said. "But those activities must be carried out in a peaceful manner based on international law."   Copyright AFP (Agence France-Presse), 2012 ...
China achieves landmark successes in past decade: Hu BEIJING: Hu Jintao said Thursday that China has achieved "new historic successes" over the past decade and the achievements have laid a solid foundation for completing the building of a moderately prosperous society in all respects.   Hu said China has seen continuous economic development, steady improvement in democracy, and increasing cultural prosperity and social stability over the past decade, and the Party has worked hard to ensure and improve the people's wellbeing and brought them more ...
Key quotes from Hu Jintao BEIJING: Key quotes from Chinese leader Hu Jintao from his report delivered on Thursday morning at the opening of the 18th National Congress of the Communist Party of China (CPC).   On Scientific Outlook on Development  -- The most important achievement in our endeavors in the past ten years is that we have formed the Scientific Outlook on Development and put it into practice.    -- This theory provides new scientific answers to the major questions of what kind of ...
China hits back at claims it is blocking climate talks  BONN: China hit back Thursday at claims it was holding up global climate talks in Germany, saying the United States, Europe and other rich states were the ones applying the brakes.   Developed nations are trying to wriggle out of legal targets to curb global warming, Chinese chief negotiator Su Wei told AFP.   "They try to evade the legally binding commitments," he said on the sidelines of negotiations in the former German capital Bonn.   On Wednesday, the European Union ...
China BEIJING: The 112th session of the Canton Fair, China's largest trade fair, witnessed a decline in both participants and turnover, according to the event's closing press conference on Sunday.   Statistics from the fair's organizer show that as of Saturday, 188,145 overseas participants from 211 countries and regions have signed into the fair, said spokesman Liu Jianjun in Guangzhou.   The figure was 10.26 percent lower than the last session, in spring, and 10.5 percent lower than the corresponding ...

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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