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Norbert hits hurricane strength off Mexico MEXICO CITY: Tropical Storm Norbert surged to hurricane strength late Wednesday off Mexico's Pacific coast, forecasters said.At 0300 GMT, Norbert was churning 335 kilometers (205 miles) south of the southern tip of Baja California peninsula, according to the US National Hurricane Center.Norbert packed maximum sustained winds of 130 kilometers (80 miles) per hour while moving northwest at 13 kilometers (eight miles) per hour."The center of Norbert is expected to approach the southern tip of the Baja California peninsula on Thursday and move nearly parallel to the Pacific coast of the peninsula on Friday," the NHC warned.Last year, Mexico was simultaneously struck by a pair of hurricanes, Ingrid and Manuel, on both coasts, killing 157 people, destroying bridges and burying most of a mountain village in the Pacific coast state of Guerrero.Copyright AFP (Agence France-Presse), 2014 ...

Disputed Kurdish oil tanker lifts anchor, sets sail near Texas HOUSTON: An oil tanker off the coast of Texas loaded with $100 million of disputed Iraqi Kurdish crude has pulled its anchor from the water and set sail for the first time since entering the Gulf of Mexico in July, satellite tracking showed on Wednesday. As a tussle over the cargo between Baghdad and the Kurds enters its third month, the United Kalavrvta tanker changed its status to "underway using engine" from "at anchor" and ...
Obama calls for  front against IS in Iraq BAGHDAD: US President Barack Obama called on Wednesday for an international front against militants in Iraq and Syria after they beheaded a second American reporter, as Britain and France weighed military action."We know that if we are joined by the international community, we can continue to shrink ISIL's sphere of influence, its effectiveness, its financing, its military capabilities," said Obama, referring to the Islamic State (IS)."And the question is going to be making sure we've ...
Judge denies ex-Goldman trader's request to toss pay dispute ruling NEW YORK: A New York state judge on Wednesday ruled against a former Goldman Sachs Group Inc trader who wanted the court to toss an arbitration panel's decision in his pay dispute against the firm.New York State Supreme Court Justice Eileen Bransten, who ruled from the bench in her Manhattan courtroom, confirmed a March decision by a Financial Industry Regulatory Authority (FINRA) arbitration panel to dismiss a case filed by the ex-trader, Deeb Salem. She ...
Phillips 66 to add railcars to move more crude to coast refineries HOUSTON: Phillips 66 is buying more railcars to eventually move up to 185,000 barrels per day (bpd) of North American crude oil, including output from North Dakota's Bakken shale and Canada, to its refineries on the East and West coasts, Chief Executive Officer Greg Garland said on Wednesday. The fourth-largest US refiner has already bought, or has on order, 3,200 railcars. Garland said during a webcast of a presentation at the Barclays CEO Energy-Power Conference ...
Canada bank watchdog leaves for CEO job at investment regulator TORONTO: One of the top figures at Canada's main banking supervisor will leave his post to take on the chief executive role at the country's primary investment industry self-regulator, his new employer said on Wednesday. Andrew Kriegler will succeed Susan Wolburgh Jenah, who announced her intention to step down as head of the Investment Industry Regulatory Organization of Canada (IIROC) earlier this year."Andrew Kriegler has an exceptional track record in the financial services industry, including ...
Twin tropical storms flank Mexico NUEVO LAREDO: Tropical Storm Dolly lashed Mexico's northeastern coast on Tuesday, prompting authorities to close schools and prepare shelters, while a second weather system threatened the other side of the country.Dolly moved ashore in the evening south of Tampico port in the state of Tamaulipas, blowing maximum sustained winds of 75 kilometers per hour (45 miles per hour), according to the US National Hurricane Center.The storm was expected to produce between 150 and 250 millimeters ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln