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South Korea presidency office condemns landmine attack SEOUL: South Korea's presidential Blue House demanded an apology Tuesday from North Korea as military tensions surged after two border patrol soldiers were maimed by landmine blasts blamed on Pyongyang.President Park Geun-Hye's spokesman Min Kyung-Wok said the North was responsible for a gross act of provocation that constituted a "clear breach" of the armistice agreement that ended the 1950-53 Korean War.South Korea says North Korean soldiers sneaked across the border and laid the mines, three of which were tripped by members of a South Korean border patrol last Tuesday.One soldier wounded in the blasts underwent a double leg amputation, while another had one leg removed.The incident came with cross-border tensions already running high ahead of the launch next week of a major South Korea-US joint military exercise condemned by Pyongyang.Because the 1953 armistice was never replaced with a peace treaty, the two Koreas remain technically at war, and North Korea ...

Japan ends nuclear shutdown four years after Fukushima TOKYO: Japan switched on a nuclear reactor Tuesday, ending a two-year shutdown in the energy-hungry country that was sparked by public fears following the 2011 Fukushima crisis, the worst atomic disaster in a generation.Utility Kyushu Electric Power, which operates the reactor at Sendai about 1,000 kilometres (620 miles) southwest of Tokyo, said it was turned on at 10:30 am (0130 GMT).The 31-year-old reactor -- operating under tougher post-Fukushima safety rules -- was expected to reach ...
Australia pledges to cut carbon emissions by 26pc by 2030 SYDNEY: Australia plans to reduce carbon emissions by at least 26 percent from 2005 levels by 2030, Prime Minister Tony Abbott said Tuesday, adding the government was focused on balancing the economy with the environment.The conservative government is expected to take the target, which Abbott said was "fairly in the middle" of those made by comparable economies, to an upcoming global climate conference in Paris."We have come to the position our 2030 emissions reduction target ...
Typhoon Soudelor toll rises to 17 in China SHANGHAI: The number of people killed by Typhoon Soudelor in China rose to 17, state media reported on Monday, with five more missing.Three people were killed by a mudslide and one was missing after being swept away by floods in Ningde, in the eastern province of Fujian, the Fujian Daily reported.In neighbouring Zhejiang province 14 were killed and four were missing, the official news agency Xinhua said earlier, quoting local officials as saying that the ...
South Korea president criticises 'Pyongyang Time' SEOUL: South Korean President Park Geun-Hye on Monday criticised the North's "regrettable" decision to turn back its clocks to a new time zone, saying it would deepen divisions between the two rivals.North Korea announced Friday that it was changing its standard time to GMT+8:30, 30 minutes behind South Korea.Pyongyang offered a nationalist rationale for the move, saying it would return the North to an original time zone used before Japan imposed Tokyo standard time during ...
Lowly Beijing official embezzled $130mn BEIJING: Anti-graft authorities have busted a low-level Beijing official for allegedly embezzling more than $130 million, state media reported -- one of the largest amounts revealed in the corruption crackdown under President Xi Jinping. Zhang Peishan, a former low-ranking agricultural services official in a Beijing suburb, misappropriated 821 million yuan ($132.2 million) from 2008 to 2014, according to a report by the official Xinhua news agency.The funds were used for financial investments, it added at ...
France steps up Reunion island search for MH370 wreckage KUALA LUMPUR: France said it would launch new air, land and sea searches from Reunion on Friday in hopes of finding more wreckage from MH370, after Malaysia said a wing part found on the island came from the ill-fated flight.The find is the first physical clue to solving one of the biggest mysteries in aviation history, 17 months after the aircraft inexplicably veered off course en route from Kuala Lumpur to Beijing.A military plane will ...

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln