Unspent billions of Chilean defense fund remain a mystery

SANTIAGO, Chile, May 21 (UPI) -- More than $4 billion of cash reserved for Chilean military procurement remains unspent because of mysterious workings of funding arrangements.

Report: Israel has Persian Gulf mission

JERUSALEM, May 13 (UPI) -- Israel opened a diplomatic mission in one of the Persian Gulf states a Finance Ministry report indicated.

Morsi appoints new Cabinet ministers

CAIRO, May 7 (UPI) -- Egyptian President Mohamed Morsi appointed nine new ministers Tuesday as part of a Cabinet reshuffle demanded by the opposition.

Japan buying less Iranian oil year-on-year

TOKYO, April 26 (UPI) -- Japanese crude oil imports from Iran were down more than 150,000 barrels per day in March compared to a year ago, Finance Ministry data show.

Israeli Foreign Ministry staff seek department improvements

JERUSALEM, April 25 (UPI) -- Israeli Foreign Ministry staff members, saying the department was "hacked to pieces," are seeking a full-time minister and demand improved working conditions.

Trade deficit in fiscal 2012 hits record $83.5 billion

TOKYO, April 18 (UPI) -- Japan, faced with rising imports and the European debt crisis, Thursday reported a record trade deficit of 8.17 trillion yen ($83.5 billion) for fiscal 2012.

Pakistan defense budget to go up -- report

ISLAMABAD, April 17 (UPI) -- Pakistan's defense spending next fiscal year could rise to $6.37 billion from this year's $5.53 billion, budget documents showed.

South Korea announces $15 billion in additional budget

SEOUL, April 16 (UPI) -- The South Korean Cabinet Tuesday endorsed $15.4 billion in additional budget outlays for this year to spur the economy.

Pakistan's energy sector remains mired in crisis

ISLAMABAD, April 12 (UPI) -- Pakistan's government remains mired over cash shortfalls to resolve the country's energy crisis.

India current account deficit widens

NEW DELHI, March 29 (UPI) -- India's current account deficit hit a record 6.7 percent of GDP in the quarter ended in December on higher imports and slower exports, the central bank said.

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Japan Cabinet approves stopgap budget

TOKYO, March 27 (UPI) -- The Japanese Cabinet Wednesday approved a 13.2 trillion yen provisional budget to cover spending for 50 days beginning April 1.

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Cyprus reports progress on bailout

NICOSIA, Cyprus, March 23 (UPI) -- Cypriot officials said Saturday the country has made "significant progress" on an agreement to resolve its financial crisis with an international bailout.

Japan records 8th month of trade deficit

TOKYO, March 21 (UPI) -- Japan recorded a trade deficit of 777.5 billion yen ($8.1 billion) in February as exports fell and imports zoomed year-on-year, the government said Thursday.
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