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US Justice Department to investigate Baltimore police WASHINGTON: The US Justice Department will conduct a federal probe into Baltimore's police department following riots triggered by the death of a black man under police arrest, the Washington Post reported Thursday.Attorney General Loretta Lynch could make the announcement as early as Friday, the Post said, citing two law enforcement officials.A spokesperson for the Justice Department had said Wednesday that Lynch was "actively considering" a civil rights probe into the city's police department following a request from Mayor Stephanie Rawlings-Blake.The mayor asked for an investigation that would look into whether the city's police department "has engaged in a pattern or practice of stops, searches or arrests" that violated residents' legal rights.On April 12, Freddie Gray suffered a serious spinal injury while in the back of a police van. The 25-year-old died from the injury a week later, setting off riots in Baltimore.The incident occurred at a time of exacerbated racial ...

US Senate passes Iran nuclear review bill WASHINGTON: The US Senate easily passed legislation Thursday giving Congress the right to review and possibly reject any final nuclear deal with Iran, after the bill overcame fierce initial objections from President Barack Obama.The measure, amid intense negotiations between world powers and Iran on a deal intended to prevent Tehran's development of a nuclear weapon in exchange for lifting economic sanctions, passed 98-1, belying the weeks of impassioned debate over how to hold Iran to ...
Obama administration approves Cuba ferry service licenses MIAMI: The US Treasury Department on Tuesday approved licenses for passenger ferry service between the United States and Cuba, a Treasury Department official told Reuters.One of the licenses was issued to Baja Ferries, part of a major shipping group with passengers and cargo operations, including on Mexico's west coast, according to a lawyer who handled the license application.Ferry services between Cuba and the United States were cut off in the early 1960s, following the Cuban ...
Clinton draws contrasts with Republicans on immigration WASHINGTON: Democratic presidential frontrunner Hillary Clinton called Tuesday for a path to citizenship for some of the 11 million illegal immigrants in the United States, drawing a sharp contrast with her Republican foes.The former secretary of state and ex-first lady called immigration a family and economic issue, and pressed for expanding a program to help not just immigrant children but their parents as well stay in the US.She has long backed an overhaul of the ...
US Republicans pass $3.8 trillion 2016 budget WASHINGTON: The Republican-led US Congress passed a 2016 budget Tuesday, a largely symbolic policy document which would balance federal spending and slash $5 trillion in social, education and health programs over the next decade.The $3.871 trillion blueprint for the year beginning October 1, 2015, would lead to a total elimination of the US public deficit by 2024, without raising taxes, and beefs up Pentagon spending.The Senate approved the Republican budget by a final vote of ...
Obama picks Marine general as top military advisor WASHINGTON: President Barack Obama nominated Marine General Joseph Dunford as chairman of the joint chiefs Tuesday, choosing an officer with battlefield experience in Iraq and Afghanistan for the military's top job.Describing Dunford as "one of the most admired officers in our military," Obama hailed the Boston native as a top-notch strategic thinker."I know Joe. I trust him," Obama said in a White House Rose Garden announcement ceremony."He's already proven his ability to give me his ...
Fed cooperating with probe on leak: Yellen NEW YORK: US Federal Reserve chairwoman Janet Yellen on Monday said the central bank was cooperating with authorities over the alleged leak of confidential information in 2012 ahead of a crucial meeting of the bank's monetary policy panel.The Justice Department is probing what it suspects were organized leaks, carried out before an important monetary policy decision by the Federal Open Market Committee (FOMC) in October of that year, Yellen said in a letter to lawmakers.Medley ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln