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Peru cabinet chief sacked in spy scandal, president in crisis LIMA: Peruvian President Ollanta Humala was left scrambling to find a new cabinet chief Tuesday after Congress sacked the incumbent, Ana Jara, over allegations of domestic spying.Jara was deposed in a no-confidence vote late Monday after media reports that the powerful National Intelligence Directorate, or DINI, spied on politicians, journalists, business leaders and thousands of everyday citizens.The cabinet chief had been under fire since March 19, when news magazine Correo Semanal published a sweeping list of Peruvians who had allegedly been targeted by the now-suspended intelligence agency.Summoned to Congress, Jara, 46, said the spying dated back to at least the previous two governments, and told lawmakers she had ordered an investigation.But opposition parties attacked her for failing to end the practice, and succeeded in getting the votes needed to remove her from office -- 72 to 42, with two abstentions.The move automatically dissolves the government, though the president can reappoint ...

Brazil builder with ties to Petrobras files for bankruptcy SAO PAULO: Brazil builder OAS, which prosecutors accuse of involvement in the massive corruption scandal at state oil firm Petrobras, filed for bankruptcy protection for nine of its units Tuesday.OAS is accused of being part of a group of companies that paid bribes to politicians and Petrobras executives in exchange for contracts in the oil company."Since the beginning of the investigations at Petrobras, the financial institutions have systematically restricted the access of enterprises to the ...
Argentina unions launch transport strike over tax burden BUENOS AIRES: Transport unions in Argentina launched a 24-hour strike at midnight Monday over a tax regime they say hurts the lowest earners. It is the fourth major stoppage against President Cristina Kirchner, who took power in 2007 and completes her second term at the end of this year. The protest threatened to paralyze bus services, subways, trains, taxis, fuel service stations, airline flights and ports. Because of the strike the airlines LAN of Chile ...
Peru sacks PM over alleged domestic spying LIMA: Peru's Congress sacked the prime minister, Ana Jara, on Monday night over alleged spying against lawmakers, reporters, business leaders and everyday citizens.Supreme executive power in Peru is held by the president, in this case Ollanta Humala. It is the biggest crisis in his four years in power.This is the first time the congress of Peru has deposed a prime minister since 1968. With a year left of his term, Humala must now name a ...
Brazil gov't is confident that Congress will pass fiscal package SAO PAULO: Members of Brazilian President Dilma Rousseff's administration are "strongly confident" that Congress will pass legislation aimed at streamlining spending, Finance Minister Joaquim Levy said on Monday. Passage of those measures should help the economy resume growth later this year, Levy told reporters on the sidelines of an event in Sao Paulo. Copyright Reuters, 2015 ...
Death toll in Chile floods rises to 17 SANTIAGO: At least 17 people were killed in flash floods that hit a normally arid region of northern Chile last week, and about the same number remain missing, authorities said Monday.The latest death toll from the devastating floods was released after five more bodies were found late Sunday and early Monday, as rescue workers continued dealing with the aftermath of the torrential rains in Atacama region, home to the world's driest desert.Chilean President Michelle Bachelet ...
Venezuelan theater chronicles absurdity of life in crisis CARACAS: Stage left is Josefina, a rough-talking working girl; stage right, Sofia, a swankily dressed bourgeois who has fallen on hard times.The two characters in Venezuelan playwright Virginia Urdaneta's new play come together doing something that real people in her homeland spend long hours doing, across the country, every day: waiting in line to buy scarce products from barren supermarket shelves.As the South American oil giant has gone from boom to bust in recent years, ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln