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South Korea, Japan hold first security talks for 5 years SEOUL: South Korea and Japan on Tuesday held their first high-level security talks in more than five years despite simmering tensions over territorial and historical disputes.The resumption of the so-called "2+2" talks involving senior foreign ministry and defence officials represented a slow thaw in practical diplomatic contacts despite a glacial rift in the overall relationship.South Korean officials said the meeting, last held in 2009, covered regional security, defence policies and cooperation, but refused to disclose any further details.The talks came at a particularly sensitive time as the region prepares to mark the 70th anniversary of the end of World War II, and with a rising tide of nationalism in Northeast Asia.South Korea is closely watching a possible change in defence cooperation guidelines between Japan and the United States following Tokyo's decision to exercise its collective self-defence right.Bilateral ties have always been problematic given the bitter legacy of Japan's 1910-45 rule ...

Defiant China oil boss denies graft charges: report BEIJING: A former senior executive of China's largest oil producer denied most corruption charges at his trial, state-run media reported Tuesday, a rare example of defiance in a country where almost all criminal defendants are convicted.Tao Yuchun, ex-president of a gas subsidiary of state-owned China National Petroleum Corp (CNPC), was accused of abuse of power, embezzlement, taking bribes and seeking illegal gains for relatives and friends totalling around 300 million yuan ($48 million), the Southern ...
Lamborghini, Ferrari in 'Fast and Furious' Beijing crash BEIJING: A Lamborghini and Ferrari crashed in a high-speed road race in Beijing as the seventh stunt-filled "Fast and the Furious" movie opened in China, the latest luxury car accident to provoke controversy Monday.Pictures of the mangled wreckage of a lime green Lamborghini, a damaged red Ferrari and other high performance cars in a tunnel in the Chinese capital emerged online following Saturday's crash, which police said left one person injured.A high-speed Ferrari crash in ...
Japan buries more dolphins after mass beaching TOKYO: Japanese officials were burying several more dolphins on Monday as researchers tried to work out why scores of the animals beached themselves last week.Eight melon-headed whales, a species of dolphin, were found washed up along the coast at Hokota, around 100 kilometres (60 miles) from Tokyo.A city official said the dolphins were probably part of the original herd that rescuers had taken back out to sea."Unfortunately they are all dead, so we will bury ...
No tension 'tolerated' as China limits visits to Hong Kong HONG KONG: Tension between Hong Kong and visitors from China will not be "tolerated", the financial hub's leader said Monday as he confirmed a cap on the number of trips mainlanders can make to the southern city.An influx of millions of Chinese visitors to Hong Kong has prompted angry rallies by frustrated residents tired of seeing public transport clogged and shelves periodically wiped clean of daily necessities purchased for resale over the border.Meanwhile anxiety over ...
Myanmar election talks close without resolution NAYPYIDAW: A second round of talks between the key players in Myanmar's looming election, including Aung San Suu Kyi, finished without resolution, a minister said Friday, though he described the discussion as "successful."Polls, slated for November, are being keenly watched as a litmus test for the veracity of reforms since 2011 when the military shed outright rule after decades of iron-fisted control. Opposition leader Suu Kyi on Thursday refused to rule out a boycott of ...
15 killed in Afghan bombings, including attack on NATO convoy JALALABAD: A Taliban suicide car bomb targeted a NATO convoy in eastern Afghanistan Friday, killing at least three civilians as security forces brace for a full-blown insurgent offensive in the spring fighting season.Separately, 12 civilians onboard a minivan were killed when a roadside bomb struck their vehicle in the militant-infested southeastern province of Ghazni.The civilian fatalities come as Taliban insurgents step up attacks on government and foreign targets after Washington announced a delay in US ...

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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln