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Argentina marks 10 years of Kirchner rule BUENOS AIRES: The "Era K," as the decade-old rule of Cristina Kirchner and her late husband Nestor is known in Argentina, is showing its age.Together the couple have dominated Argentina since Nestor Kirchner was first elected president on May 25, 2003, with Cristina by his side, leading the country out of a devastating economic crisis to a heady period of surging growth.Cristina, who succeeded Nestor in 2007, has had a more turbulent ride, weathering her husband's death of a heart attack in 2010 as she presided over a flagging economy that now appears threatened by high inflation.Rising corruption, crime, and her increasingly authoritarian tone are additional signs that the country may be nearing the end of a major political cycle, critics say."It was extraordinary what they did in human rights and economics," said sociologist Jorge Giacobbe, who also consults for corruption watchdog Transparency International."But in speeches, Cristina offends people, she ...

Five dead in Colombia army-rebel fighting BOGOTA: A clash between Colombian army and rebel forces left five combatants dead, the army said in a statement Friday, marking the latest fighting despite ongoing peace talks between the two sides.The battle Thursday in northern Antioquia department left three army soldiers dead and three wounded.Two members of the FARC leftist rebel group died and two more were wounded, the army said in a statement.The Colombian government has been holding peace talks with the FARC ...
Venezuela's Maduro warns of 'psychological war' CARACAS: President Nicolas Maduro on Tuesday denounced as "psychological war" a leaked audio recording that purports to show a power struggle among key followers of the late Hugo Chavez.In the recording, which has set off a sensation since it was made public Monday by an opposition lawmaker, a well-known government newscaster is heard accusing National Assembly speaker Diosdado Cabello of conspiring against Maduro.The newscaster, Mario Silva, dismissed the recording as a montage pieced together from ...
Venezuela opposition says tape shows ruling party rift CARACAS: The Venezuelan opposition has released what it says is an audio tape revealing intrigue within the ruling socialist party of the late Hugo Chavez and Cuban meddling in the country's affairs.The opposition says the tape is of a conversation between well-known state media presenter Mario Silva and a Colonel Aramis Palacios, identified as a Cuban intelligence agent, about a rift among Venezuela's top leadership.In the tape, Silva accuses Diosdado Cabello, president of the National ...
Chile Q1 GDP grows 4.1pc SANTIAGO: Chile's economic growth eased in the first quarter to expand 4.1 percent year-on-year, its slowest pace of growth in a year and a half, central bank data showed on Monday.The mining and services sectors helped lift activity in the first quarter, while drops in fishing, restaurant and hotels, agriculture and livestock and industry weighed, the bank said. Gross domestic product grew 0.5 percent in the first quarter from the last quarter of 2012, compared ...
Magnitude 6.8 quake strikes off Chile; no tsunami seen SANTIAGO: A magnitude 6.8 earthquake struck off the coast of Chile on Monday, the US Geological Survey said, but Chilean emergency authorities said they saw no prospect that the tremor would generate a tsunami.The quake struck 400 miles (640 km) west of Puerto Aisen at a depth of 6.2 miles, the USGS said.It said the quake had occurred at 5:49 a.m. Chile time (0943 GMT)Chile's emergency office said on Twitter that the quake did not ...
Magnitude 6.8 earthquake strikes off Chile: USGS WASHINGTON: A magnitude 6.8 earthquake struck off the coast of Chile on Monday, the US Geological Survey said, with no immediate tsunami warning issued.The quake occurred at 0949 GMT at the shallow depth of 10 kilometers (six miles) and the epicenter was 1,538 kilometers south-southwest of the capital Santiago.Copyright AFP (Agence France-Presse), 2013 ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln