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Montreal mayor arrested in corruption probe MONTREAL: Montreal mayor Michael Applebaum was arrested Monday and will be questioned by the Canadian province's anti-corruption unit later in the day, said a source close to the investigation.His arrest comes amid a probe into several corruption scandals that have shaken Quebec's largest city for more than a year and that led the former mayor to resign in November.Quebec's anti-corruption squad in February raided Montreal city hall, asking employees to leave the building as they searched through files.Officials with the anti-corruption unit, known as UPAC, said it had gathered evidence of alleged fraud and breach of trust there, as well as at eight other locations, including the offices of several boroughs.Montreal's former mayor Gerald Tremblay resigned in November after witnesses in a corruption probe linked him to an alleged mafia scheme, in which his party allegedly received kickbacks from construction bids, and said the mayor was aware of illegal party ...

5.8-magnitude quake strikes central Mexico MEXICO CITY: A 5.8-magnitude earthquake struck central Mexico early Sunday, so far without any casualties or damage reported, officials said.The quake struck just after midnight local time (0519 GMT), east of the city of Huitzuco, in Guerrero state, at a depth of about 30 miles (50 kilometers), according to Mexico's National Seismological Service and the US Geological Survey.The officials downgraded the tremor's magnitude from an initial report of 6.0 on the Richter scale.Although the quake ...
Facebook, Microsoft describe US data requests WASHINGTON: Internet giants Facebook and Microsoft say they received thousands of requests for information from US authorities last year but are prohibited from disclosing how many related to national security.The two companies have come under heightened scrutiny since word leaked of a vast secret Internet surveillance program US authorities insist targets only foreign terror suspects and is needed to prevent attacks.Facebook said Friday it had received between 9,000 and 10,000 requests for user data affecting ...
Americans among seven arrested for child prostitution in Mexico GUADALAJARA: Seven people, most from the United States, have been arrested for alleged links to child prostitution in Puerto Vallarta, a popular tourist destination in western Mexico, a Jalisco state official said Friday.The seven were arrested in separate raids since last week for alleged crimes including corruption of minors, said Jalisco general secretary Arturo Zamoro."Two of them are directly linked to international pedophile rings," Zamoro said.He said the detainees are wanted in other countries and ...
Hong Kong lawmaker calls on US to let Snowden go HONG KONG: Two Hong Kong pro-democracy lawmakers on Friday urged US President Barack Obama not to prosecute Edward Snowden for exposing secret surveillance programmes, as supporters prepared for the city's first major rally calling for his protection.The United States has launched a criminal investigation after Snowden, a former CIA technical assistant, blew the lid on the National Security Agency's vast electronic surveillance operation.The 29-year-old, who is in hiding in the southern Chinese city, has vowed ...
Explosion at US chemical plant kills two, injures 49 CHICAGO: An explosion at a chemical factory killed two people, injured at least 49 others and sent orange flames and huge plumes of black smoke billowing into the air in the US state of Louisiana on Thursday."We've got two dead -- one confirmed dead and one missing presumed dead," Jean Kelly, a spokeswoman for the state's department of environmental quality, which is investigating the blast, told AFP.Some 600 hundred workers were inside when the blast ...
Obama, Japan's Abe discuss security in phone call WASHINGTON: President Barack Obama and Japanese Prime Minister Shinzo Abe spoke by phone Wednesday, days after the US leader met over the weekend with the president of China, the White House said in a statement.The two leaders "discussed the president's recent meetings with President Xi Jinping of China, and agreed on the importance of ensuring stability and pursuing dialogue as it relates to the East China Sea," the statement read.The reference to the East China ...


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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 $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln