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North Korea blames 'absurd' South for Asiad talks failure SEOUL: North Korea on Friday blamed South Korean duplicity for the breakdown of talks on Pyongyang's participation in the upcoming Asian Games in Incheon and threatened to pull out of the event.The North's official KCNA news agency said the talks in the border truce village of Panmunjom on Thursday had turned sour following what it suggested was the intervention of the presidential Blue House in Seoul.After a long delay, the South began the afternoon session with a series of "absurd" demands that overturned everything agreed in the morning, KCNA said.As well as raising concerns over the number of North Korean athletes and cheerleaders, it sought to place restrictions on the size of the North Korean flag to be displayed at the Asiad, the agency said.Another apparent point of contention was who would foot the bill for the North delegation during its stay in South Korea.Seoul reportedly wants to break from ...

China braces for Super Typhoon Rammasun BEIJING: China on Friday braced for a powerful super typhoon heading for its southern coast after the storm left a trail of destruction and at least 40 dead in the neighbouring Philippines.China's National Meteorological Center (NMC) said Super Typhoon Rammasun was on course to hit Hainan island and Guangdong province late in the afternoon.The outer bands of the storm lashed Hong Kong overnight with heavy rain and strong winds but the city was spared a ...
Some 100 on board crashed Malaysia flight were AIDS workers: reports MELBOURNE: As many as 100 of those killed on a Malaysia Airlines plane that crashed in Ukraine were delegates heading to Australia for a global AIDS conference, unconfirmed reports said Friday.The Australian broadsheet and the Sydney Morning Herald both said that more than one-third of the nearly 300 who died were AIDS researchers, health workers and activists en route to Melbourne.The Herald said those attending a pre-conference meeting in Sydney were told that around 100 ...
China studies floating gas plants for South China Sea BEIJING: Chinese energy giant CNOOC Group is studying the possibility of building a multi-billion-dollar floating liquefied natural gas (FLNG) vessel, as-yet untried technology that would likely be used to produce gas from the deep waters of the South China Sea. While the state-run company has made no public announcement, a pre-feasibility study was well under way, CNOOC and other industry officials said. CNOOC was already talking to global engineering firms about possible joint design of ...
South Korea’s carbon trading to cost $27 billion should be delayed SEOUL: South Korea’s emission trading to start next year will cost a total of 27.5 trillion Korean won ($26.64 billion) for the next three years and should be delayed to 2020.A business lobby group said that the scheme is due to start January 1, 2015 to cap greenhouse gas emissions from over 400 of the country’s major polluters such as power generators and manufacturers. It aims to cut emission in 2020 at 30 percent below ...
Moderate 4.6 quake hits Japan, no tsunami warning TOKYO: A moderate 4.6-magnitude earthquake hit the region that hosts Japan's crippled Fukushima nuclear plant on Wednesday, but there were no reports of damage and authorities did not issue a tsunami warning.The quake struck at 5:24 pm (0824 GMT) in Fukushima prefecture at a depth of 10 kilometres (six miles), according to the Japan Meteorological Agency.Tokyo Electric Power, which operates the Fukushima plant, said the quake did not adversely affect the site of the worst ...
Tokyo assemblyman quits after tweeting 'Drop dead' TOKYO: A local councillor in Tokyo has quit after writing "Drop dead!" during an angry exchange on Twitter, in another gaffe by local Japanese politicians in recent weeks.Hiromi Kaneko, 51, a communist member of the assembly in one of Tokyo's 23 districts, told Japanese media Wednesday he stepped down at the behest of colleagues and supporters because the expression was "not appropriate" to be used by anyone,let alone a legislator."You ARE human scum. Drop dead! ...

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln