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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 are... the most powerful and influential people in this world," Abbott told the likes of United States President Barack Obama, Chinese leader Xi Jinping and Russian strongman Vladimir Putin."We may not always be able to agree but I hope we can at least be open with each other," he said, urging his fellow leaders to speak from the heart, not the "script"."And if we could use first names, that would be good as well. Because ...

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 ...
North Korea issues fresh warning of retaliatory strikes SEOUL: North Korea on Saturday warned of retaliatory strikes days after South Korea fired warning shots at a North Korean patrol near the border.South Korean troops on Monday fired warning shots as the North's patrol approached the military demarcation line (MDL) that designates the border, but there was no exchange of fire and the group eventually turned back."The south Korean puppet military warmongers should be mindful that such reckless military provocations in the area of ...
Japan to vow up to $1.5bn for UN climate fund: report TOKYO: Japan plans to give up to $1.5 billion to the UN-backed Green Climate Fund (GCF) to help developing countries fight global warming, a report said Friday.Prime Minister Shinzo Abe is expected to announce the pledge at a gathering of the leaders of the Group of 20 rich nations in Brisbane, Australia, Kyodo News agency reported, citing sources close to the matter.The cash will come on top of a reported $2.5 billion that Washington is ...
Suu Kyi decries Myanmar constitution as 'unfair, unjust and undemocratic' YANGON: Opposition leader Aung San Suu Kyi on Friday described Myanmar's constitution as "unfair, unjust and undemocratic" after talks with US president Barack Obama in her Yangon home.Suu Kyi is barred from running for the presidency of her nation by a charter clause, an issue Obama also spoke out against during a joint press conference.Copyright AFP (Agence France-Presse), 2014 ...

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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