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Venezuela to unveil economic reforms CARACAS: President Nicolas Maduro said on Tuesday he will announce economic reform measures this week, as Venezuela grapples with severe inflation, shortages and other woes.The heir to the late leftist firebrand Hugo Chavez said he wanted to "win the economic war along the path of socialism".Speaking on his weekly television program, Maduro, a former bus driver, said he would announce the measures Friday.Maduro said he will take part in a May Day march that day, and appealed to the working class to support the reforms he will announce. He gave no details of them.Venezuela has the world's largest proven oil reserves but its economy is in serious trouble.Copyright AFP (Agence France-Presse), 2015 ...

5.8 magnitude earthquake hits southeast Ecuador QUITO: A 5.8 magnitude earthquake struck southeast Ecuador Tuesday, sparking panic, though there were no immediate reports in injuries or property damage, officials said. The earthquake occurred at 6:20 am (1120 GMT) in Guayaquil, in Guayas province, at a depth of 71 kilometers (44 miles), Ecuador's Geophysical Institute said.The rumble could be felt in neighboring provinces. Emergency services said no injuries, deaths or damage had been reported, but in a message on social media called ...
Two roads partially blocked in Brazil as truck protest falters SAO PAULO: Truckers in Brazil partially blocked two federal roads at four points in the top soybean growing state of Mato Grosso on Monday, the federal highway police said. The protest has never blocked more than 20 points on federal highways since it started on Thursday. Traffic was stopped at more than 100 points at times during a two-week strike in late February. The drivers have been in talks with the government and freight companies ...
Flights disrupted as Chile volcano spews more ash PUERTO VARAS: Ash from Chile's spewing Calbuco volcano threatened Saturday to spell travel misery in the region and beyond after it triggered the cancellation of domestic and international flights in several cities.A sleeping giant for more than 50 years, the volcano sprang to life in spectacular bursts of ash and lava Wednesday and Thursday, forcing 6,500 people living nearby to evacuate and blanketed southern Chile in suffocating volcanic debris.It coughed out more fire and ash ...
Rights board says Venezuela dissidents' lives 'in danger' WASHINGTON: A regional rights body urged Venezuela on Monday to implement cautionary measures for jailed opposition leader Leopoldo Lopez and another detainee, saying their lives are at risk.The Inter-American Commission on Human Rights, which is part of the Organization of American States, can request such measures in a bid to prevent what it describes as permanent damage to individuals.Lopez has been charged with inciting deadly violence against President Nicolas Maduro's government. Fellow detainee Daniel Ceballos ...
Argentina's Kirchner in Russia to press nuclear, trade deals BUENOS AIRES: Argentine President Cristina Kirchner will visit Russia's Vladimir Putin Wednesday and Thursday to follow up on nuclear and trade deals the countries signed last year and cultivate a budding relationship.Putin extended the invitation during a stop last July in Buenos Aires, where Russian and Argentine officials signed a raft of deals on trade, military cooperation, communications and energy projects.Kirchner's visit comes as the countries mark 130 years of diplomatic relations. But the relationship ...
Two suspected FARC fighters killed in Colombia BOGOTA: Two suspected FARC guerrillas have been killed in central Colombia, officials said, days after President Juan Manuel Santos lifted a suspension of air strikes on the Marxist rebels.Defense Minister Juan Carlos Pinzon said the two suspected members of the Revolutionary Armed Forces of Colombia (FARC) died in an operation to destroy an explosives factory on Saturday in the Vistahermosa region.The action came three days after Santos ordered the resumption of bombardments against the FARC. ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 30, 2015
Reserves $17.717 bln