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Key Democrats turn against Obama's Iran deal WASHINGTON: Democratic Senator Chuck Schumer announced on Thursday he would vote against the Iran nuclear deal, in a blow to President Barack Obama's efforts to sell the measure.The decision by the influential Jewish lawmaker was quickly matched by another leading Democrat, Eliot Engel, the ranking Democrat on the House foreign affairs committee."Advocates on both sides have strong cases for their point of view that cannot simply be dismissed," Schumer, the number three Democrat in the Senate, said in a statement."This has made evaluating the agreement a difficult and deliberate endeavor," he admitted, following days of speculation about his intentions. "I have decided I must oppose the agreement and will vote yes on a motion of disapproval."Separately, Engel said that he simply did not trust Iran to uphold its end of the agreement to curtail its nuclear program in exchange for an easing of crippling economic sanctions."I still believe that a ...

Obama to evoke ghosts of Iraq, Soviet Union in Iran plea WASHINGTON: President Barack Obama will present the Iran nuclear debate as the most momentous US foreign policy decision since the Iraq war Wednesday, in a fresh history-evoking bid to win support.In the address to the American University in Washington, Obama will frame Congress' polarizing debate over the deal as "the most consequential" since lawmakers in 2002 backed George W. Bush's drive to war, according to a White House official.Obama has long argued that vote represented ...
Canada set for election amid concern over economy and security OTTAWA: Canadian Prime Minister Stephen Harper on Sunday called general elections for October 19, kicking off a campaign for a fourth straight term in power amid a sluggish economy.Harper, in power since 2006, dissolved parliament after meeting with Governor General David Johnston, the representative of Queen Elizabeth II, Canada's nominal head of state in this Commonwealth country.Voters will be choosing all 338 members of the House of Commons, 30 more than in the last election ...
Clinton unfazed by possible Biden White House run: aide WASHINGTON: A top Hillary Clinton staffer told CNN Sunday that the former first lady's campaign team is unfazed by news that Vice President Joe Biden is giving serious consideration to a White House bid."We'll let him make his decision," Jennifer Palmieri, Clinton's campaign spokeswoman, told CNN."However hard it is to secure the Democratic nomination is however hard it is. We have no illusions. We never thought that this was going to be easy," Palmieri said.News ...
Hillary Clinton healthy, quite wealthy: campaign statements WASHINGTON: Hillary Clinton is healthy and "fit to serve" as US president, her doctor affirmed Friday, as the Democratic White House frontrunner also revealed details about her family's substantial personal wealth.Tax data released by Clinton's campaign show she and husband Bill Clinton, the former president, paid a massive $57.5 million in taxes since 2007.Clinton did not release income figures, but by extrapolating her annual combined tax rate of about 40 percent over the period -- ...
US officer charged with murder after deadly traffic stop CHICAGO: A white Ohio police officer who shot a black man during a routine traffic stop was charged with murder Wednesday in what prosecutors called a "senseless" act motivated by anger.The case comes as the United States grapples with heightened racial tensions in the wake of a series of high-profile incidents of unarmed African Americans being killed by police in disputed circumstances."He wasn't dealing with someone who was wanted for murder -- he was dealing ...
Putin orders destruction of smuggled Western food MOSCOW: Russian President Vladimir Putin on Wednesday signed a decree ordering the destruction of Western food smuggled into the country in breach of an official embargo.Moscow last year banned a slew of food products from the West in retaliation for biting economic sanctions over the Ukraine crisis. The decree says that banned food products that are smuggled into the country must be destroyed from August 6 this year.The embargo has seen truckloads of delicacies, from ...


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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 08, 2015
Reserves $20.05 bln