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Mexico leader shortens Asia-Pacific trip amid crisis MEXICO CITY: Mexican President Enrique Pena Nieto has shortened an upcoming trip to major summits in China and Australia amid a growing human rights scandal over the disappearance of 43 college students.Foreign Minister Jose Antonio Meade said Pena Nieto would leave Sunday instead of Friday to monitor the case, which "worries us," and provide a "transparent and public solution."Pena Nieto cut four days from the trip, which will now run from November 9 to 15.Pena Nieto will participate in one of the two days of the Asia-Pacific Economic Cooperation (APEC) summit in Beijing, on November 11, before a two-day state visit in China in his latest effort to forge closer ties with the Asian power.He will then travel to Brisbane, Australia for the G20 summit but will only attend the first day of the two-day meeting.Pena Nieto is facing the biggest crisis of his presidency after gang-linked police attacked busloads ...

Obama digs in even as he vows to work with Republicans WASHINGTON: US President Barack Obama pledged Wednesday to work with Republican lawmakers after their midterm election win but warned he would act without them to protect his core agenda, starting with immigration reform.The US leader stopped short of accepting direct responsibility for his Democratic party's colossal defeat at the hands of opponents who successfully turned the election into a repudiation of his policies.The GOP snatched control of the Senate, tightened its grip on the House ...
Mexicans protest for 43 missing after mayor caught MEXICO CITY: Tens of thousands of protesters swarmed Mexico City on Wednesday to demand the safe return of 43 missing students after authorities arrested the main suspects in the disappearance.Demonstrators chanted "they took them alive, we want them alive" and held a large banner with images of the 43 college students, whose disappearance has drawn international outrage and turned into a full-blown crisis for President Enrique Pena Nieto.After a month on the lam, Jose Luis ...
Putin ally target of US money-laundering probe: WSJ WASHINGTON: US authorities are investigating a member of Russian President Vladimir Putin's inner circle for money-laundering, The Wall Street Journal reported Wednesday.In a politically thorny tightening of screws on Putin's billionaire allies, the Justice Department and New York state prosecutors are looking into whether Gennady Timchenko transferred funds linked to allegedly corrupt deals in Russia through the US financial system, the Journal reported citing a number of unnamed people familiar with the case."The prosecutors are ...
Republican Greg Abbott wins Texas governor's race AUSTIN: Republican Greg Abbott has won the Texas governor's race, Reuters/Ipsos projected on Tuesday, defeating Democrat Wendy Davis, a state senator who drew national attention last year when she filibustered a proposal to limit abortion rights. Texas Republicans were also poised to sweep all statewide offices, extending years of futility for Democrats, who last won the Texas governor's race in 1990 with Ann Richards. Abbott, 56, the Texas attorney general, campaigned on tightening security along ...
Republicans pick up seat in North Carolina to claim Senate majority WINSTON-SALEM: Republican Thom Tillis has unseated US Senator Kay Hagan in North Carolina, Reuters/Ipsos projected on Tuesday, claiming an important prize for Republicans as they gained control of the Senate. The bitter contest was the most expensive US Senate race in history, with more than $108 million spent by the candidates and outside groups, according to the nonpartisan Sunlight Foundation."If we lose North Carolina, then we lose the Senate," Obama had told a radio show ...
Virginia Senate race outcome unclear as Democrat Warner claims win WASHINGTON: Democrat Mark Warner claimed victory in his re-election to the US Senate seat from Virginia, but Republican Ed Gillespie declined to concede in a surprisingly tight contest that is still too close to call. Warner, 59, led in polls earlier this year but suffered from his support for the Affordable Care Act, President Barack Obama's signature healthcare reform, which had a troubled launch. Gillespie followed the familiar Republican strategy of linking his Democratic opponent ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln