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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 possible for coasts located within 300 kilometres," said the Pacific Tsunami Warning Center.The centre said tsunami waves could hit parts of Indonesia, as well the Philippines, Japan, Taiwan and islands in the South Pacific.On the tiny Sangihe Islands close to the epicentre in Indonesia, people ran out of their homes when the quake hit, Toni Supit, head of the islands' Sitaro district, told AFP."People in coastal areas felt the strong quake, which lasted for quite ...

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 ...
Obama meets Myanmar's Suu Kyi at her Yangon villa YANGON: US President Barack Obama began talks Friday with Myanmar's democracy champion Aung San Suu Kyi at her lakeside villa in Yangon, an AFP reporter said.The meeting comes as the opposition leader is pushing to overturn a constitutional rule that bars her from running for the presidency in the nation's landmark elections next year.Copyright AFP (Agence France-Presse), 2014 ...
Under rights pressure, North Korea sends envoy to Russia SEOUL: North Korean leader Kim Jong-Un plans to send a special envoy to Russia, state media said Friday, at a time when Pyongyang is seeking allies to fend off a UN resolution on its human rights record.Choe Ryong-Hae, one of Kim's top aides, will travel to Russia "soon as a special envoy," the Korean Central News Agency (KCNA) said.It gave no details regarding the purpose of the trip or who Choe might be meeting in ...

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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