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Obama says would move fast to take Cuba off terrorism sponsor list WASHINGTON: President Barack Obama vowed on Tuesday to act quickly once he receives a State Department recommendation on whether to remove Cuba from the U.S. list of terrorism-sponsoring countries, a remaining obstacle to the restoration of relations between Washington and Havana.With just days to go before a hemispheric summit in Panama where Obama will come face-to-face with Cuban President Raul Castro, he offered no clear sign of how he was leaning or the timeframe for his decision. He ordered the review immediately after announcing a diplomatic breakthrough with Havana on Dec. 17.Obama, in a Reuters interview in early March, said he hoped the United States would be able to open an embassy in Cuba by the time of the April 10-11 Summit of the Americas, and U.S. officials have since said the review was being expedited.But the lack of a decision so far on taking Cuba off the terrorism blacklist ...

Obama says confident Iran sanctions could be reimposed if deal broken WASHINGTON: US President Barack Obama said in an interview released on Tuesday he is confident sanctions against Iran could be reimposed if Tehran violates an agreement to restrict its nuclear program.Obama told National Public Radio (NPR) that U.S. and European negotiators are trying to reach a deal with Iran in which sanctions could be reimposed without a U.N. Security Council vote, where Tehran-ally Russia would have a veto."We are absolutely convinced we can do it ...
Rand Paul to become second Republican to enter US presidential race LOUISVILLE: Rand Paul, a conservative libertarian and precursor of the Tea Party branch of his party, will become the second major Republican to join the 2016 presidential race when he announces his candidacy on Tuesday.Rand has summoned supporters and reporters to a speech at 1600 GMT in Louisville, Kentucky, where he has served as senator since January 2011. Paul will follow Texan Ted Cruz, who launched his candidacy two weeks ago with an appeal to ...
US regulator says 2016 payments for Medicare Advantage to rise NEW YORK: The US government on Monday said that payments to health insurers for 2016 Medicare Advantage health plans for the elderly and disabled will increase by 1.25 percent, a reflection of an expected growth in health spending. The announcement, by a division of the US Department of Health and Human Services, comes after the US government proposed a 0.95 percent cut in payments to insurers in February. More than 16 million people are enrolled ...
Haiti floods kill six, damage thousands of homes PORT-AU-PRINCE: The first heavy rains of the wet season flooded parts of the Haitian capital Port-au-Price over the weekend, leaving at least six dead and damaging 8,000 homes, authorities said Monday.Raging floodwaters swept two children aged three and seven to their deaths in the Delmas district of the capital, and a 24-year-old woman was killed when a church wall collapsed on her house.Three more people died in the western, coastal Carrefour district of the city.Haiti, ...
Oil rig fire hit Mexico's oil output MEXICO CITY: Mexico's oil production dropped following a deadly fire at an offshore platform, while authorities are still searching for three missing workers, state-run energy firm Pemex said Sunday.Production fell from 650,000 barrels per day to 430,000 in the Campeche Sound region of the Gulf of Mexico after Wednesday's blast and blaze, which killed four people, a company official said.Most oil wells shut down when the main structure of the Abkatun A-Permanente complex burned, said ...
US generates paltry 126,000 jobs in March WASHINGTON: The US economy produced a disappointing 126,000 jobs in March, half of what was expected and the worst month since December 2013, the Labor Department reported Friday.The department also trimmed 69,000 from the two previous months, dimming the picture for the world's largest economy after a year that averaged 287,000 new hires a month across the country.The huge service sector remained solid, generating a net 142,000 new positions last month, according to data the ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln