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Abbott wants economic reform to be focus at G20 BRISBANE: Australian Prime Minister Tony Abbott, the host of the G20 Leaders Summit, said on Saturday he wanted an informal retreat of leaders to discuss economic reform but was open to other issues.With global security concerns on the rise in Ukraine and the Middle East, and high profile moves on battling climate change garnering headlines, Abbott has been working to keep the focus on growth and jobs."Obviously I would like this discussion to focus on the politics of economic reform," Abbott said as he opened the session."In the end, though, this is your retreat, it is open to any of you to raise any subject that you wish." Copyright Reuters, 2014 ...

G20 finance ministers deliver on global growth goal: Hockey BRISBANE: Finance ministers from the Group of 20 large economies have delivered on their plan to come up with a range of measures that should boost economic growth by 2 percentage points over the next five years, Australian Treasurer Joe Hockey said on Saturday."Through hard work and strong resolve, I'm very pleased we have delivered on that plan for the G20 leaders today," said Hockey, whose country hosts the annual summit this year."This ambition translates ...
Japan PM Abe plans snap election on December 14 TOKYO: Japanese Prime Minister Shinzo Abe plans to hold snap elections on December 14, two years ahead of schedule, as he seeks to bolster his public support by delaying another scheduled tax hike, reports said Saturday.Abe is expected to announce his decision at a press conference on Tuesday, according to major media, including the Yomiuri Shimbun.The development comes as the Abe government moves to postpone a consumption tax hike to 10.0 percent from the current ...
Host Australia urges warm, first-name-only G20 BRISBANE: Just call me Tony: Australia's prime minister tried to get his bickering G20 colleagues to loosen up at summit talks in the laid-back city of Brisbane on Saturday before hosting a barbecue lunch in baking heat.The conservative Australian leader, who held a private leaders-only retreat ahead of formal talks that will focus on economic growth, energy security and tax reform, called for the high-powered meet to be open and friendly."The people around this room ...
Campaigners welcome Obama climate funding BRISBANE: Environmental campaigners on Saturday welcomed US President Barack Obama's US$3 billion pledge to a UN climate change mitigation fund, saying it confirmed global warming is now "front and centre" of the world political agenda.While climate experts conceded Republican opposition meant Obama could struggle to fulfil the vow, they said it added to momentum for change after an ambitious US-China agreement on greenhouse gas emissions was unveiled earlier this week."You can sense the energy lifting ...
7.3-magnitude quake in Indonesia, tsunami warning issued JAKARTA:- A powerful 7.3-magnitude earthquake rocked the Maluku Islands in eastern Indonesia Saturday, sparking a tsunami warning for areas up to 300 kilometres (185 miles) away and causing panicked people to flee their homes.There were no immediate reports of casualties or damage after the undersea quake struck at a depth of 46 kilometres (28 miles) northwest of Kota Ternate, a town in the Malukus, at 0231 GMT, the US Geological Survey said. "Tsunami waves are ...
Obama says US-China climate deal shows world 'we can do this' BRISBANE: A breakthrough agreement between the United States and China on reducing carbon emissions proves that a long-awaited global deal on climate change is achievable, US President Barack Obama said Saturday. "If China and the US can agree on this, then the world can agree on this -- we can get this done," he said in a speech on the sidelines of the G20 summit in Brisbane.Announcing a $3 billion contribution to a UN-backed climate ...

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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln