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Obama, Central American leaders meet on child migrants WASHINGTON: President Barack Obama met on Friday with three Central American leaders to try to get control of an humanitarian crisis triggered by a tide of child migrants crossing the southern US border.Obama's won pledges of support from the presidents of Honduras, Guatemala and El Salvador and repeated his appeals to Central American parents not to send their kids north."We reiterated our commitment to prevent families and children from undertaking this dangerous journey and to work together to promote safe, legal, and orderly migration," the four said in a joint statement.They also pledged to pursue the smugglers that prey upon migrants desperate to reach the United States and to "counter misinformation about US immigration policy" that encourages the exodus.The US president, in remarks to reporters following the hour-and-a-half long meeting stressed that Americans feel "great compassion" for the child migrants, who have often endured tremendous suffering before and during their ...

US Congress acts to prevent international child abductions WASHINGTON: Congress gave its final approval on Friday to legislation that compels US authorities to assist American mothers and fathers whose children are victims of international parental abductions.More than 1,000 international child abductions each year are reported to the State Department, with children often taken illegally from the United States by a foreign parent to countries like Brazil, England, India, Japan and Russia. Most of them are not returned.By simple voice vote, the House of ...
US hoping to boost India trade ties WASHINGTON: The United States hopes to give a huge boost to its trade ties with India in an upcoming visit by US Secretary of State John Kerry, US officials said Thursday."Our trade has already grown fivefold since the year 2000 to almost 100 billion (dollars) annually," Assistant Secretary of State Nisha Biswal told US lawmakers."We can grow that fivefold again in the years to come. And we are committed to addressing the inevitable frictions over ...
Republican Paul Ryan to renew U.S. poverty debate with grant plan WASHINGTON: Republican Representative Paul Ryan will probably spark a new round of arguments over how to fight poverty in America on Thursday as he introduces a sweeping plan to replace long-standing social safety net programs with new block grants for states and communities.Ryan, his party's vice presidential candidate in 2012, is best known for his budget blueprints marked by deep domestic spending cuts. This time, the chairman of the House Budget Committee will unveil his ...
Obama presses to close corporate tax loophole 'inversions' LOS ANGELES: US President Barack Obama will call on Thursday for an end to a corporate loophole that allows companies to avoid federal taxes by shifting their tax domiciles overseas in deals known as "inversions," White House officials said.Obama will make the comments during remarks about the economy at Los Angeles Technical College. The president is in California on a three-day fundraising swing for Democrats.So-called inversion deals occur when a U.S. company acquires or sets ...
US Republicans seek more say in Iran nuclear deal WASHINGTON: US Republican lawmakers on Wednesday called for greater say in any deal reached between the West and Iran over the Islamic republic's controversial nuclear program.With negotiations to end Iran's years-long nuclear standoff with the United States and other Western powers recently extended for an additional four months, until November, five senators introduced legislation that would compel President Barack Obama to bring any final deal before Congress for its approval.Many lawmakers have been dubious about ...
Mexico's Pemex says blaze halts most work at Madero refinery MEXICO CITY: Mexican state oil company Pemex said on Wednesday that work at most of its Ciudad Madero refinery in northern Mexico had been halted while it tries to contain an ongoing blaze in a storage tank.Pemex said in a statement that the fire would likely be extinguished by midday on Thursday as the company's emergency personnel and firefighters from nearby cities worked together, the company said in a statement. "Most of the refinery plants ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln