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Brazil's Rousseff to waive some visa requirements for Olympics despite security fears SAO PAULO: Brazilian President Dilma Rousseff has agreed to suspend visa requirements for certain foreigners during the 2016 Olympic games in Rio de Janeiro, Brazil's official gazette reported on Wednesday, despite heightened security fears after the Paris attacks. The government hopes the move will encourage tourism and help revive Brazil's sluggish economy, which is expected to stay in recession for a second year in 2016. The government has yet to decide which countries will be covered by the waiver. Tourism Minister Henrique Alves has said it would apply only to citizens of nations that have hosted the Games and are not seen as presenting a security or immigration risk, such as the United States, Canada, Australia and Japan. Foreigners covered by the waiver will be able to stay for up to 90 days without a visa if they arrive between June and Sept. 18, regardless of whether they have tickets ...

Zimbabwe's economy seen growing at a faster 2.7pc in 2016 HARARE: Zimbabwe expects faster economic growth of 2.7 percent in 2016 but sees potential risks from a possible slowdown in China's economy, low commodity prices and a possible drought, the finance minister said on Thursday. The Southern African country has cut this year's growth forecast by half to 1.5 percent after a drought hit farm output while weak commodity prices reduced earnings from mineral exports and power shortages have affected industry and mines. Finance Minister ...

Brazil interest rate futures jump on policy tightening bets SAO PAULO: Yields on Brazil's interest rate futures contracts jumped on Thursday as investors bet the central bank would raise its benchmark rate in January amid dissent among policymakers over how to battle the country's stubbornly high inflation.Two of the eight members of the central bank's monetary policy committee voted for a 0.50 percentage point rate hike late on Wednesday, in a rare sign of dissent. Brazil's inflation rate is near 10 percent despite a ...

Boko Haram militants kill 15 in southern Niger NIAMEY: Boko Haram militants attacked a village in Niger's southern border area of Diffa on Thursday, killing 15 people, two security sources said. The guerrillas arrived in the village of Gogone on foot and opened fire indiscriminately on residents, the sources said, adding that Niger troops had pursued them. Niger's Diffa region has suffered dozens of cross-border strikes this year by the militant group whose stronghold in northeast Nigeria lies just a few kilometres away. ...

Brazil's current account gap widens to $4.166bn in October BRASILIA: Brazil posted a wider-than-expected current account deficit of $4.166 billion in October, compared with a shortfall of $3.076 billion in September, central bank data showed on Thursday. In the 12 months through October, the deficit was equivalent to 4.02 percent of Brazil's gross domestic product, down from 4.18 percent of GDP the previous month. The country attracted $6.712 billion in foreign direct investment last month, the central bank said. Brazil was expected to post ...

China's Li says to push ahead with financial market reform: state TV BEIJING: Chin has fended off systemic risks in its financial markets and will continue to push ahead with market reform, China's Premier Li Keqiang was reported as saying by state television on Thursday.During a visit to the Shanghai branch of the People's Bank of China, Li said that China will further open its capital markets both to inbound and outbound investors, according to China Central Television.Li also said that China will step up efforts to ...

Suu Kyi says Myanmar cabinet to include ethnic groups, other parties YANGON: Myanmar's new cabinet will include members of other political parties and representatives of ethnic minorities, the leader of the National League for Democracy (NLD) Aung San Suu Kyi said on Thursday, stressing the need for national reconciliation.The NLD won a majority in both houses of Myanmar's parliament and also faired better than expected against ethnic political parties in regional legislatures.But Nobel laureate Suu Kyi has emphasised that the first democratically elected government in more ...


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