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Peru declares state of emergency in anti-mining protest area LIMA: Peru declared a state of emergency late Friday in the country's south, where a violent protest against the Tia Maria copper mine has killed four people in two months.The move, which means the military will take charge of security in the province of Islay, came hours after a clash between protesters and police left a 55-year-old demonstrator dead, according to medical sources. Witnesses said the victim died after he was shot in the chest. Local authorities did not confirm or deny the information.Additionally, four demonstrators and three police were injured when a group of protesters tried to take control of a local police station.Earlier this month, the government had already deployed some troops to help local police maintain order.Protesters are demonstrating against the project by Mexican-owned copper firm Southern Peru, which they say will pollute their water and damage agriculture.Local residents, who have opposed the project for years, have ...

Intense gunfight kills 43 in troubled Mexico region TANHUATO DE GUERRERO: Mexican federal forces killed at least 42 suspected cartel members on Friday during a three-hour gunfight on a ranch in a violence-torn western region, marking one of the drug war's bloodiest battles.Only one federal police officer was killed in the operation, which authorities launched after learning that "armed criminals" were occupying the ranch in Tanhuato, Michoacan state, near the neighboring state of Jalisco, officials said."Up to now, we have counted 42 suspected ...

Bank of England admits to researching 'Brexit' risks LONDON: The Bank of England revealed Friday that it is researching the economic risks of Britain leaving the European Union, just as Prime Minister David Cameron began negotiations with EU leaders ahead of a referendum on membership.The central bank study, which could have a major impact on the debate over Britain's future within the bloc, was due to remain confidential but details were accidentally emailed to an editor at The Guardian newspaper.Cameron used an EU ...

Japan to give $400mn to Pacific islands to fight climate change TOKYO: Japanese Prime Minister Shinzo Abe on Saturday pledged $453 million in aid to Pacific island nations to help them combat climate change and natural disasters.Abe made the pledge as leaders of 14 Pacific island nations gathered for a two-day meeting, which began on Friday in Iwaki, Fukushima prefecture, to discuss their development needs."As a pledge of the Japanese government, we will provide no less than 55 billion yen ($453 million) to you in the ...

Indonesia believes most migrants at sea not Rohingya: Australia SYDNEY: Indonesia has told Australia that most of the migrants stranded at sea in Southeast Asia are illegal labourers from Bangladesh, not oppressed Rohingya, Foreign Minister Julie Bishop said in comments published on Saturday.More than 3,500 migrants have swum to shore or been rescued off the coasts of Malaysia, Indonesia, Thailand and Bangladesh since a Thai crackdown on human-trafficking in early May threw the illicit trade into chaos. "They (Indonesia) believe there are about 7,000 ...

Senate blocks bill that would end US bulk data dragnet WASHINGTON: The US Senate rejected legislation early Saturday aimed at reforming NSA intelligence gathering, a blow to President Barack Obama and others who support ending the controversial bulk collection of Americans' telephone records.The Senate immediately turned to consideration of a two-month extension of parts of the USA Patriot Act which are set to expire June 1 without congressional action, but that bill too appeared in jeopardy, leaving the fate of key national security provisions in ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln