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Mexico president reshuffles cabinet MEXICO CITY: Mexican President Enrique Pena Nieto appointed seven new ministers Thursday in a cabinet reshuffle, including naming a new foreign minister, in a mid-term shakeup of his administration."I have decided to make changes to meet new circumstances and challenges we have as a country," said Pena Nieto, whose terms runs until 2018.It was the first significant cabinet reshuffle since much-maligned attorney general Jesus Murillo Karam quit in February, after the presumed slaughter of 43 college students.Pena Nieto dispensed with Jose Antonio Meade as foreign minister, moving him to the portfolio of social development. Claudia Ruiz Massieu replaced him.Another major change concerned Renato Sales, who had served as anti-kidnapping commissioner.He now takes charge of homeland security in place of Monte Alejandro Rubido. Rubido paid the price for the fiasco involving gang kingpin Joaquin "El Chapo" Guzman, who escaped a high-security prison in July and is still at large.Copyright AFP (Agence ...

Colombia, Venezuela recall ambassadors amid border tension BOGOTA: Colombia and Venezuela recalled their ambassadors on Thursday for consultations, amid mounting tensions that began nearly a week ago when Caracas closed off their shared border.Venezuela's President Nicolas Maduro made the move to indefinitely close the frontier last Friday, declaring a state of emergency in part of the border region over an attack that wounded four people.Colombian President Juan Manuel Santos said Thursday that his nation "wanted to tell the world... what had happened, ...
US to welcome 5,000 to 8,000 Syrian refugees in 2016 WASHINGTON: The United States expects to accept between 5,000 and 8,000 Syrian refugees in 2016, officials said on Monday.State Department spokesman John Kirby also said 15,000 Syrian refugees have been referred to the US for resettlement by the UN refugee agency.In December, Washington had said it had received 9,000 referrals from the UN.It had also previously said it would admit between 1,000 to 2,000 Syrian refugees in fiscal year 2015, and increase that number by ...
US to deploy F-22 Raptor fighter jets in Europe WASHINGTON: The United States soon will deploy F-22 Raptors in Europe, sending the stealth fighter jets to reassure NATO partners concerned about Russia's actions in Ukraine, a Pentagon official said.Air Force Secretary Deborah Lee James did not offer specifics about where or when the single-seat jets would be deployed, citing operational security reasons. James also would not say how many of the planes would be deployed.The deployment comes at the request of commanders in the ...
Obama makes case for renewable energy LAS VEGAS: US President Barack Obama made a full-throated defence of renewable energy Monday, hitting coal-championing critics as free market hypocrites. With one eye on a looming battle over power plant emissions limits, Obama took on fossil fuel supporters during a speech in the parched desert oasis of Las Vegas.Framing climate change as "one of the most important issues not just of our time, but of any time," Obama said renewable energy offered a viable ...
White House admits Biden mulling 2016 run WASHINGTON: The White House on Monday acknowledged that Vice President Joe Biden is still weighing a possible run for the top job, amid controversy surrounding Democratic frontrunner Hillary Clinton.Biden, President Obama's deputy for nearly seven years, has previously said he would make a decision on entering the 2016 race by the end of the summer."I would assume that that means he's got a another month or so to think about this and announce a decision," ...
US air strike kills 'IS number two': White House WASHINGTON: The second-in-command of the Islamic State group has been killed in a US air strike in northern Iraq, the White House said on Friday.The National Security Council identified the slain militant as Fadhil Ahmad al-Hayali, also known as Haji Mutaz, and said he was IS leader Abu Bakr al-Baghdadi's senior deputy.This is not the first time that US officials have announced Hayali's death. In December, US defence officials, speaking to reporters on condition of ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln