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Russia hits Syria, Obama warns action a 'recipe for disaster' WASHINGTON: US President Barack Obama warned on Friday that Russia's aggressive military campaign in Syria supporting strongman Bashar al-Assad is a "recipe for disaster," though Washington could still work with Moscow on reducing tensions.Differences between the two have punctuated the last several days of the crisis, in which Russian jets have pounded Syrian opposition forces, but Obama stressed that "we're not going to make Syria into a proxy war between the United States and Russia."Moscow carried out a third day of air strikes Friday in Syria, saying it targeted Islamic State militants, as Russian President Vladimir Putin faced increased international criticism over his military campaign.The West has raised concerns that Russia is using its campaign against "terrorists" as a pretext to strike at moderate rebel groups opposed to Assad in a bid to bolster its ally.Putin "doesn't distinguish between ISIL and a moderate opposition that wants to see Mr Assad ...

Canada election frontrunner falters, could finish third OTTAWA: New polling showed the former frontrunner in Canada's legislative elections could finish third over its opposition to a popular niqab ban, as political leaders squared off in a final debate Friday.The race is still too close to call, with the rivals sparring over taxes, trade negotiations, the Syrian refugee crisis, air strikes against the Islamic State group, and upcoming Paris climate talks.Thomas Mulcair's New Democrats jumped into the lead at the start of the ...
Clashes after Mexico City massacre protest MEXICO CITY: Masked protesters clashed with riot police in Mexico City on Friday after thousands of people marched to commemorate the 47th anniversary of a student massacre.Three people were arrested in the hour-long violence in Zocalo square during which about 300 self-styled "anarchists" lobbed stones and firebombs at police guarding the National Palace, who responded by firing tear gas.The clashes triggered calls for restraint from organizers of the rally, which drew more than 15,000 people, ...
US weekly jobless claims rise WASHINGTON: New claims for US unemployment insurance benefits rose last week, the Labor Department reported Thursday, a day ahead of the much-anticipated September job market report.Initial jobless claims, an indicator of the pace of layoffs, rose by 10,000 to 277,000 in the week ending September 26.The weekly claims reading has remained below 300,000 since March as the labor market steadily improves. The four-week moving average, which helps strip out volatility, fell by 1,000 to 270,750. ...
Hurricane Joaquin gains strength en route to Bahamas MIAMI: Hurricane Joaquin gained strength Wednesday as it headed toward the Bahamas with powerful winds and torrential rain, the US National Hurricane Center said.It was packing maximum sustained winds of 80 miles (130 kilometers) per hour, located about 215 miles east-northeast of the island chain.At 1100 GMT, the Category One storm was moving southwestward at six miles per hour.The Bahamas issued a hurricane warning for people to brace for heavy winds and rains.The NHC said ...
US House Republicans to vote Oct. 8 for new leaders WASHINGTON: Republicans in the US House of Representatives will hold leadership elections on Oct. 8, House Speaker John Boehner said on Wednesday, moving speedily to get a new team in place to deal with a series of fiscal challenges ahead. "After consulting with our conference, a large majority of our members have made clear they want these elections held next week. With their considerations in mind, the House leadership elections will take place on Thursday, ...
After warm White House welcome, pope heads to Congress WASHINGTON: After bonding with US President Barack Obama on progressive themes like climate change, Pope Francis on Thursday addresses Congress, where conservatives embrace his moral authority but are less comfortable with the pontiff's more political preachings.On his first full day in the United States, Francis was greeted with pomp and ceremony at the White House Wednesday, then crisscrossed Washington to huddle with bishops, greet ecstatic well-wishers, conduct mass and elevate a Franciscan friar to sainthood.He ...


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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 $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln