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Brazil trade surplus seen surging to $30bn in 2016 RIO DE JANEIRO: Brazil's trade surplus will likely climb to $30 billion in 2016, doubling from an estimated $15 billion this year, Trade Minister Armando Monteiro said on Thursday. Speaking at an event of steel producers, Monteiro said the government plans to decide in 15 days whether to raise import tariffs on steel products to help the local industry. The government formed a working group to analyze the impact of a possible tariff increase on other sectors of the economy, government officials told Reuters on Wednesday.Copyright Reuters, 2015 ...

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 ...
Brazil Senate leader, BTG Pactual CEO arrested in Petrobras probe SAO PAULO/BRASILIA: Brazilian police arrested the ruling party's leader in the Senate and the head of Latin America's biggest independent investment bank on Wednesday on suspicion of obstructing a sweeping corruption investigation. Andr Esteves, the billionaire CEO and controlling shareholder of BTG Pactual SA and Brazil's most influential dealmaker, was arrested early in the morning at his home in Rio de Janeiro and taken to federal police headquarters. In Brasilia, police arrested ruling Workers' Party ...
Magnitude 6.4 quake hits western Brazil: USGS WASHINGTON: A large but very deep 6.4 magnitude earthquake hit western Brazil Thursday, the US Geological Survey said.The quake struck at 12:45 am (5:45 GMT) at a depth of 375 miles (604 kilometers). It occurred some 81 miles southwest of the town of Tarauaca and 436 miles northeast of Lima, Peru.Copyright AFP (Agence France-Presse), 2015 ...
Venezuelan opposition candidate shot dead during campaign event CARACAS: An opposition candidate in Venezuela's upcoming legislative elections was shot dead during an event on Wednesday, alongside the wife of a jailed opposition leader, an official said.The December 6 elections are critical to President Nicolas Maduro's socialists remaining in power."Luis Manuel Diaz, local leader of the Democratic Action party in Altagracia de Orituco (Guarico state) has just been shot dead," the party's chairman Henry Ramos Allup said on Twitter.Ramos Allup said Diaz was standing ...
Two major quakes jolt Peru, neighbors LIMA: A pair of major 7.6-magnitude earthquakes jolted eastern Peru near its border with Brazil on Tuesday, and were felt across several South American nations, but authorities had no immediate reports of damage or casualties.The first quake, which struck at 5:45 pm (2245 GMT), was 601 kilometers (373 miles) deep, according to the US Geological Survey. It was located about 169 kilometers west-northwest of Iberia and 688 kilometers east-northeast of the capital Lima.Five minutes later, ...
Canada, provinces to present united front at Paris climate talks OTTAWA: Canada's federal government and its provinces will present a united front on combating greenhouse gas emissions at the Paris climate summit which begins next week, Prime Minister Justin Trudeau said.After a meeting with the premiers of Canada's provinces -- the first such gathering in more than six years -- Trudeau said that each was ready to act together to fight climate change.Without changing the goals set by the previous conservative government -- to reduce ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln