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Iran refuses to give ground on key Arak reactor TEHRAN: Iran sees "no more room" for negotiations on the design of its Arak reactor, Tehran's nuclear chief said, refusing to give ground on a key issue in international negotiations."On Arak, we have said we were ready to design it so that the concerns are lifted. This matter is settled to some extent on the technical aspect and there is no more room for further negotiations," Ali Akbar Salehi was quoted Thursday by media as saying.Western nations fear the Arak heavy water reactor could provide Iran with weapons-grade plutonium, but Tehran insists it is solely for research purposes.Copyright AFP (Agence France-Presse), 2014 ...

Tokyo looks to slash $1.7bn off 2020 bill TOKYO: Tokyo is looking to slash the price tag for the 2020 Summer Olympics by $1.7 billion through scrapping or scaling back plans to build new facilities amid fears over spiralling costs.Recent estimates put the bill for the venues, including the construction of 10 new facilities, at 450 billion yen ($3.8 billion) -- three times the initial estimate -- triggering renewed belt-tightening measures and even calls to use existing venues as far away as Osaka."We ...
Thai police detain three students as 'Hunger Games' screenings axed BANGKOK: Thai police detained three university students at Bangkok cinemas on Thursday while at least two theatres in the junta-ruled nation cancelled opening screenings of "The Hunger Games".A female student was escorted out of a cinema in a high-end mall in the capital after flashing the three-finger salute from the films -- an unofficial symbol of resistance against the army's May coup -- while police detained two other students, who did not appear to be ...
Six nurses killed in latest attack on Chinese medical workers BEIJING: A man with a history of mental illness stabbed and killed seven people, six of them nurses, at a sanitorium dormitory in northern China on Thursday, state media reported.An administrator was among those killed and another nurse was seriously injured in the attack in the early hours of the morning, the official Xinhua news agency said.The sanitorium is in Beidaihe, a seaside resort close to Beijing.Copyright Reuters, 2014 ...
South Korea court jails ferry operator CEO for 10 years SEOUL: The head of the company that operated South Korea's ill-fated Sewol ferry was sentenced to 10 years in prison Thursday, after being convicted of manslaughter over the disaster that killed more than 300 people.A court in the southern city of Gwangju determined that Kim Han-Sik, CEO of Chonghaejin Marine Co., had allowed the ferry to be routinely overloaded and approved illegal renovations to increase its passenger capacity.Copyright AFP (Agence France-Presse), 2014 ...
Signs North Korea preparing bomb material amid nuclear test threats SEOUL: New satellite imagery suggests North Korea may be firing up a facility for processing weapons-grade plutonium, as Pyongyang threatened Thursday a fresh nuclear test in response to UN condemnation of its rights record.The images show steam rising from a re-processing plant at the North's main Yongbyon nuclear complex -- a sign consistent with maintenance and testing prior to commencing operations, the US-Korea Institute at Johns Hopkins University said on its closely followed 38 North ...
Suu Kyi party admits 'cannot win' fight to change constitution YANGON: Aung San Suu Kyi's opposition party on Wednesday admitted it "cannot win" its battle to scrap parts of a junta-era constitution that bars her from Myanmar's presidency, decrying a parliamentary decision to postpone amendments until after 2015 elections."Calculate the ratio mathematically. We cannot win (the fight to change key sections of the constitution)," party spokesman Nyan Win told AFP, explaining that an effective army veto in parliament meant it would not prevail in its ...

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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