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Obama administration will not seek Supreme Court stay on immigration block WASHINGTON: The Justice Department will not ask the US Supreme Court to stay an appellate court ruling that President Barack Obama's move to shield millions of undocumented immigrants from deportation should remain on hold, a spokesman said on Wednesday.The 5th US Circuit Court of Appeals ruled on Tuesday in favor of 26 states challenging Obama's executive action on immigration.The immigration order was first put on hold by Texas Judge Andrew Hanen in February after the states, all led by Republican governors, argued that taking in migrants would be overly burdensome. The 5th Circuit will hear the administration's appeal of the injunction in July.An administration official said the White House did not want to add to the confusion surrounding the status of the immigration action by seeking a Supreme Court stay at this time. Instead, the Obama administration will hold off on going to the Supreme Court until after the 5th ...

Less active North Atlantic hurricane season forecast: US WASHINGTON: This year's North Atlantic hurricane season is forecast to be less active than usual, the US government said Wednesday.There is a 70 percent chance of six to 11 tropical storms during the span from June 1 to November 30, the National Oceanographic and Atmospheric Administration said.Of those, three to six could strengthen into hurricanes, including one or two of category 3, 4 or 5, with winds of at least 111 mph (178 kph).Copyright AFP ...
Hackers steal personal data from US tax agency IRS WASHINGTON: Hackers stole information on 100,000 taxpayers from the online computers of the US Internal Revenue Service, the federal tax agency said Tuesday.The IRS said the unidentified cyber thieves used information on the specific taxpayers from sources outside the agency to access the accounts, which included crucial identifying information such as birth dates, addresses and social security numbers."These third parties gained sufficient information from an outside source before trying to access the IRS site, which ...
Congress makes Wall St look like paragon of virtue NEW YORK: US lawmaker Paul Ryan and colleagues claim a recent court ruling exempts them from a self-imposed ban on insider trading. That's lame in any event, but also hypocritical: They're mulling bills to expand constituents' liability. They should get their own houses in order. The US Securities and Exchange Commission on May 18 criticized the House Ways and Means Committee, including Chairman Paul Ryan, for claiming that a recent federal court ruling immunizes members ...
South Korea's Park to visit Obama June 16: White House WASHINGTON: President Barack Obama will welcome South Korean President Park Geun-hye to the White House on June 16, the White House National Security Council said on Twitter on Tuesday. Copyright Reuters, 2015 ...
California beach town cleans up after oil spill SANTA BARBARA: A small army of clean-up workers toiled Friday to scoop up crude oil deposits from a picturesque California beach, three days after a pipeline rupture unleashed thousands of gallons into the ocean.The scenic Refugio State Beach and its neighbor El Capitan would usually be swarming with tourists over America's Memorial Day weekend, but were closed until further notice following Tuesday's spill.Plastic bags filled with blackened sand piled up, and the stench of oil ...
Bacteria blamed in indigenous Mexican baby deaths MEXICO CITY: Bacteria -- and not a contaminated vaccine as initially suspected -- were to blame for the recent deaths of two Mexican babies and for sickening 29 others, according to an official investigation.The babies, from the indigenous town of Simojovel in southern Chiapas state, became sick after receiving Hepatitis B shots earlier this month. Mexican health authorities said Friday that studies carried out on the babies detected a type of Staphylococcus bacterium that is ...


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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln