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Facebook, Microsoft describe US data requests WASHINGTON: Internet giants Facebook and Microsoft say they received thousands of requests for information from US authorities last year but are prohibited from disclosing how many related to national security.The two companies have come under heightened scrutiny since word leaked of a vast secret Internet surveillance program US authorities insist targets only foreign terror suspects and is needed to prevent attacks.Facebook said Friday it had received between 9,000 and 10,000 requests for user data affecting 18,000 to 19,000 accounts during the second half of last year and Microsoft said it had received 6,000 to 7,000 requests affecting 31,000 to 32,000 accounts during the same period.But those requests include criminal warrants, subpoenas and other orders, and both firms said they were prohibited by law from listing a separate tally for security-related requests or secret court orders related to terror probes."We continue to believe that what we are permitted to publish continues ...

Americans among seven arrested for child prostitution in Mexico GUADALAJARA: Seven people, most from the United States, have been arrested for alleged links to child prostitution in Puerto Vallarta, a popular tourist destination in western Mexico, a Jalisco state official said Friday.The seven were arrested in separate raids since last week for alleged crimes including corruption of minors, said Jalisco general secretary Arturo Zamoro."Two of them are directly linked to international pedophile rings," Zamoro said.He said the detainees are wanted in other countries and ...
Hong Kong lawmaker calls on US to let Snowden go HONG KONG: Two Hong Kong pro-democracy lawmakers on Friday urged US President Barack Obama not to prosecute Edward Snowden for exposing secret surveillance programmes, as supporters prepared for the city's first major rally calling for his protection.The United States has launched a criminal investigation after Snowden, a former CIA technical assistant, blew the lid on the National Security Agency's vast electronic surveillance operation.The 29-year-old, who is in hiding in the southern Chinese city, has vowed ...
Explosion at US chemical plant kills two, injures 49 CHICAGO: An explosion at a chemical factory killed two people, injured at least 49 others and sent orange flames and huge plumes of black smoke billowing into the air in the US state of Louisiana on Thursday."We've got two dead -- one confirmed dead and one missing presumed dead," Jean Kelly, a spokeswoman for the state's department of environmental quality, which is investigating the blast, told AFP.Some 600 hundred workers were inside when the blast ...
Obama, Japan's Abe discuss security in phone call WASHINGTON: President Barack Obama and Japanese Prime Minister Shinzo Abe spoke by phone Wednesday, days after the US leader met over the weekend with the president of China, the White House said in a statement.The two leaders "discussed the president's recent meetings with President Xi Jinping of China, and agreed on the importance of ensuring stability and pursuing dialogue as it relates to the East China Sea," the statement read.The reference to the East China ...
Obama base voices concern on Pacific trade pact WASHINGTON: Lawmakers from President Barack Obama's Democratic Party voiced alarm Tuesday over a proposed trans-Pacific trade pact, saying negotiations were too secretive and could lead to US job losses.A letter signed by a majority of first-term Democrats in the House of Representatives said that talks on the Trans-Pacific Partnership, which Obama has billed as a signature priority, have progressed in "extreme secrecy."The lawmakers vowed to resist efforts to give Obama "fast-track" trade promotion authority -- ...
US court dismisses Bloomberg suit against swaps regulator WASHINGTON: The top US derivatives regulator won a legal victory over Bloomberg LP late on Friday when a court dismissed a case the data vendor had filed that claimed a new rule on trading swaps would hurt its business.Bloomberg is one of a dozen or so providers launching a platform on which to trade swaps, as regulators across the world crack down on the $630 trillion market to prevent a repeat of the 2008 financial ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln