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FARC peace negotiator killed in Colombia strike: rebels HAVANA: Colombia's FARC guerrillas said Wednesday that one of their peace negotiators was killed in an air strike last week that has threatened to derail their talks with the government on ending the five-decade conflict.FARC commander Pastor Alape said his comrade in arms Jairo Martinez was "among the guerrillas murdered" in a strike Thursday on the western rebel stronghold of Cauca that killed 27 rebels.Alape also confirmed that rebel commander Roman Ruiz, a member of the FARC's high command, was killed Sunday in another strike in the northwestern department of Choco.Colombia's military has intensified its air and ground campaign against the FARC since the guerrillas killed 11 soldiers last month in an ambush in Cauca.The rebels said the attack, which came amid a unilateral ceasefire they had declared in December, was a "defensive" action taken against an army siege.But it caused a furious President Juan Manuel Santos to order the ...

Former Petrobras executive sentenced to five years jail SAO PAULO: A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal Judge Sergio Moro said there was ample evidence to support charges by prosecutors that the former director, Nestor Cervero, used bribe money stolen from the company to buy a luxury apartment in Rio de Janeiro. Cervero was ...
Brazil's Levy denies dispute over budget cuts, will stay in post BRASILIA: Brazilian Finance Minister Joaquim Levy on Monday denied any disagreements within the government over unpopular budget cuts and said he did not plan to leave his post. Speculation of a rift between Levy and others in the government emerged on Friday when he unexpectedly missed the press conference to announce the spending cuts, a key part of the finance minister's austerity push. Fears among investors that Levy could be losing the trust of President ...
Colombia's Santos to visit Pope Francis in June: report BOGOTA: President Juan Manuel Santos will meet Pope Francis in mid-June as part of a European tour, Colombia's foreign minister said in comments reported Sunday.After meeting Italian Prime Minister Matteo Renzi, Santos will "travel to Rome for an audience with the Holy Father, who will welcome him on June 15," Foreign Minister Maria Angela Holguin told the El Tiempo newspaper.Santos's tour begins with a summit in Belgium and will also take him to Sweden to ...
Brazil's Rousseff says Finance Minister Levy to stay in job BRASILIA: President Dilma Rousseff on Thursday rejected calls from some lawmakers in her Workers' Party for Finance Minister Joaquim Levy to quit, saying he would remain in the job. The lawmakers disagree with Levy's push for government austerity, which they think will sink Brazil's economy further towards recession. Rousseff said she has full trust in Levy, who is trying to push through the unpopular measures in order to reduce Brazil's fiscal deficit and ward off ...
Two Colombian soldiers killed in ELN rebel clashes BOGOTA: Two Colombian soldiers were killed in clashes with leftist ELN rebels, the country's second largest rebel group, the military said.The army accused guerrillas from the National Liberation Army (ELN) of launching an attack in the northeastern town of Cubara near the Venezuelan border. Officials said the insurgents on Saturday attacked soldiers who were trying to dismantle oil infrastructure that the ELN is building in the area. "During the security and defence operation, our soldiers ...
Brazil's inflation eases to 0.71pc in April, lower than forecast RIO DE JANEIRO: Brazil's benchmark IPCA consumer price index rose 0.71 percent in April from March, statistics agency IBGE said on Friday, the lowest since November and below market expectations of 0.76 percent.In the 12 months through April, consumer prices rose 8.17 percent, the highest rate since December 2003 and well above the government's 4.5 percent inflation target.Copyright Reuters, 2015 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune-July
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln