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Brazilian police arrest another executive in Petrobras probe SAO PAULO: Brazilian police on Friday arrested the CEO of Grupo Galvo, the latest executive arrested in a corruption probe focused on state-run oil firm Petroleo Brasileiro SA. Dario Galvo, chief executive of the construction group, and Guilherme Esteves, who is being investigated for funneling bribe money, were taken to federal police headquarters in the southern city of Curitiba, according to a court spokeswoman. Trials are underway there in what has become Brazil's biggest-ever corruption probe known as Operation Car Wash. In December, prosecutors accused the CEO of participating in a cartel of construction executives that fixed prices on contracts at Petrobras, as the oil company is known. Federal Judge Sergio Moro called Galvo the mastermind of the company's criminal activity and said he posed a risk of committing more crimes. Prosecutors have proof of his crimes from 2008 until 2014, Moro wrote in a court decision. Moro also cited ...


UN chief will discuss Yemen crisis with Arab leaders SHARM EL-SHEIKH: UN Secretary-General Ban Ki-moon told al-Arabiya television on Friday he would discuss the crisis in Yemen with Arab leaders attending a March 28-29 summit in Egypt. "I will discuss the Yemen crisis with Arab leaders in Sharm El-Sheikh including (Saudi Arabia's) King Salman," he said through an Arabic translator.Copyright Reuters, 2015

US welcomes Israel release of Palestinian tax revenue WASHINGTON: The United States welcomed Israel's decision on Friday to release frozen tax revenue to the Palestinian Authority, three months after freezing the payments to protest unilateral Palestinian moves towards statehood."We certainly hope both sides would be able to build on this," State Department spokesman Jeff Rathke said. "We think it's an important step." Rathke told reporters at a briefing the move will benefit the Palestinian people and said that having a functioning Palestinian Authority ...

Mexico unveils national strategy ahead of Paris climate talks WASHINGTON: Mexico on Friday said it will cap its greenhouse gas emissions by 2026, becoming one of the first countries to formally submit its national climate plan the United Nations ahead of a key climate summit in Paris in December. Mexico's Foreign and Environment Ministries presented the national climate submission in Mexico City, unveiling a strategy to begin reducing emissions by 2026, leading to a 22 percent reduction in greenhouse gases below business-as-usual levels by ...

Britain's Kate makes last royal visit before birth LONDON: Britain's Prince William and his wife Kate visited a charity in London on Friday on what media said would be her last public engagement before she gives birth.The Duchess of Cambridge, who is around eight months pregnant, is already mother to one-year-old Prince George, the third in line to the throne."We asked her when it's due and she said April. End of April," said Paul Reardon, 50, who chatted to the royal couple when ...

Brazil stagnates in 2014, recession looms for 2015 RIO DE JANEIRO: The Brazilian economy, the world's seventh-largest, posted near-stagnant growth in 2014, expanding just 0.1 percent, and will likely enter recession this year, officials said Friday.Hosting the World Cup in June and July and gearing up for the Olympics next year failed to reverse the drag of rising inflation, a ballooning deficit and a $4-billion kickbacks scandal at state oil giant Petrobras that has tarnished Brazil's largest company and President Dilma Rousseff's party.It ...

Brazil's economy grows 0.1pc in 2014 RIO DE JANEIRO: The Brazilian economy, the world's seventh-largest, posted near-stagnant growth in 2014, expanding just 0.1 percent, the government said Friday, as inflation and a massive corruption scandal took their toll.Hosting the World Cup in June and July and gearing up for the Olympics next year failed to reverse the drag of soaring prices, a ballooning deficit and a $4-billion kickbacks scandal at state oil giant Petrobras that has tarnished Brazil's largest company and ...


 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln