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US train with toxic chemicals derails, catches fire WASHINGTON: A train carrying toxic chemicals derailed in Tennessee and caught fire, prompting a large-scale evacuation, firefighters said Thursday.The train derailed near Maryville, close to the city of Knoxville, carrying acrylonitrile, a flammable, toxic compound that poses respiratory risks, firefighter Kermit Easterling said.Some 5,000 residents are being evacuated, and firefighters are going door to door wearing breathing equipment to get people away from the fire, he said.Firefighters are not battling the flames because of the dangers of acrylonitrile, and hazmat -- hazardous material -- teams have been called in to access the situation.The train, which is also carrying containers of liquid petroleum gas, derailed just before midnight Wednesday, Easterling said.There have been no reports of injuries, and a shelter has been set up at a local school for evacuated residents, the firefighter said.Copyright AFP (Agence France-Presse), 2015 ...

US, Cuba diplomatic posts witnessed decades of Cold War drama WASHINGTON: The buildings that will become US and Cuban embassies in their neighbor's respective capitals on July 20 have seen over five decades of Cold War protests, provocations and strains.Now, with the longtime enemies finally putting aside all that enmity, Presidents Barack Obama and Raul Castro have exchanged letters agreeing to restore full diplomatic ties.Legally, both countries are currently represented by an "interests section" within the embassies of Switzerland.But the facilities in question in Havana ...
Obama gives nod to Black Keys, and maybe a White House invite WASHINGTON: Garage rockers The Black Keys may have won themselves an invitation to play the White House after President Barack Obama declared himself a fan of the duo.While answering questions Wednesday on Twitter, Obama was asked about his music selections and replied he was listening to The Black Keys' 2011 hit "Lonely Boy" and classic hip-hop duo Outkast's track "Liberation."The Black Keys replied online by asking if they could use Air Force One for their ...
US, Cuba reach deal to reopen embassies WASHINGTON: The United States and Cuba have reached a deal to reopen embassies in Washington and Havana, in a major step toward ending decades of Cold War enmity.President Barack Obama is expected to issue a statement at 11:00 am (1500 GMT) Wednesday in the White House Rose Garden about the deal, which constitutes one of the major foreign policy achievements of his presidency."We will formally announce tomorrow that the United States and Cuba have reached ...
Three dead after plane crashes, setting US home ablaze WASHINGTON: A small plane crashed into a US home Sunday killing all three of the people on board, while the house's occupants escaped a devastating blaze that erupted immediately, officials said."The four occupants of the single-family home were able to get out of the building before it became fully engulfed in flames," the Massachusetts State Police said in a statement.The plane crashed around 6pm (2200 GMT) at a private residence in the town of Plainville, ...
US, China bridge some economic differences in Washington talks WASHINGTON: US and Chinese negotiators bridged some differences over economic policy in annual bilateral talks Wednesday, even as the two countries continue to wrestle with major strategic disagreements.Both sides suggested they closed gaps in talks on a bilateral investment treaty (BIT) following the talks. And Washington appeared more ready to support a major step in the internationalization of the Chinese yuan, its inclusion in the basket underpinning the International Monetary Fund's SDR currency.But there was ...
For Kerry, Iran deal would be a legacy hit after many misses WASHINGTON: If US Secretary of State John Kerry pulls off a nuclear deal with Iran, it will be a singular achievement in a long career in which the grand prize has eluded him.His 2004 presidential election loss, lack of legislative monuments despite 28 years in the Senate, and failure, like many before, to bring peace to Israelis and Palestinians have contributed to a view that he struggles to seal major successes.The 71-year-old has expended remarkable ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln