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MOSCOW (Reuters) - Finance Minister Anton Siluanov said on Friday that the Russian economy could contract by 4 percent next year and that the budget could have a deficit of more than 3 percent of gross domestic product if oil prices average $60 a barrel. Siluanov also told journalists that his ministry had recalculated its budget forecasts to take into account oil prices at $60 a barrel and that he expected the ruble's average exchange rate to be around 51 rubles per dollar in 2015. He added that state bank VTB could get 100 billion rubles ($1. ...
BANDA ACEH, Indonesia (AP) — Crying onlookers took part in beachside memorials and religious services across Asia on Friday to mark the 10th anniversary of the Indian Ocean tsunami that left more than a quarter million people dead in one of modern history's worst natural disasters.
Myanmar's main city is poised to go to the polls on Saturday for the first municipal vote in six decades, but observers warn the process is riddled with flaws and could cast a shadow over crucial 2015 general elections. For many the ballot in Yangon, home to more than five million people, will offer the first taste of voting under the country's quasi-civilian government and a rare chance to steer the direction of its biggest commercial hub.