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Brazil police clash with evicted squatters in central Rio RIO DE JANEIRO: Police clashed with illegal squatters at an abandoned building in Rio de Janeiro Tuesday, using pepper spray and arresting several people as some of the 300 occupants refused to leave the property.Police surrounded the building, where several children were staying, in one on Rio's most affluent areas on Rui Barbosa Avenue, as they demanded that the squatters leave, an AFP reporter said. The 20-story building, across from the famous Sugarloaf mountain in Brazil's second largest city, is owned by former billionaire Eike Batista but has been unoccupied. Brazil's Justice Ministry had ordered the squatters to leave the property on Thursday. Clashes erupted as police tried to evacuate the building.Some officers used pepper spray and arrested two people in the clashes, while 11 people were injured, police and firefighters told AFP.One of the occupants told AFP police used force and insisted the squatters had tried to leave without ...

Argentina summons British envoy over reported spying BUENOS AIRES: Argentina said Thursday it summoned the British ambassador over media reports that London spied on the South American country to block its efforts to win sovereignty over the Falkland Islands."Actions of this sort violate the right to privacy," Argentina's Deputy Foreign Minister Eduardo Zuain told British Ambassador John Freeman, according to a foreign ministry statement.Argentine news portal TN reported last week that documents leaked by fugitive US intelligence analyst Edward Snowden showed that ...
Protester releases mice at Brazil graft hearing BRASÍLIA: A hearing into a massive graft scandal at Brazil's state oil firm Petrobras was interrupted Thursday when a protester unleashed a mischief of mice on proceedings, sparking chaos at Congress. Several mice were released by an unknown suspect in the middle of the hearing, interrupting a statement by ruling Workers Party treasurer Joao Vaccari Neto. The small brown rodents created brief chaos among journalists and politicians attending the hearing as they scampered across the ...
Mexican navy rescues 14 Cubans at sea MEXICO CITY: The Mexican navy rescued 14 Cubans travelling in a barely seaworthy boat off the coast of the Yucatan peninsula, the navy said on Tuesday.The migrants were spotted on Monday by a navy aircraft and later taken to shore aboard a navy ship and handed over to immigration authorities. One of them was a minor.On March 20 the navy reported a similar rescue of 15 Cubans off the coast of the resort city of ...
Venezuela formally charges Caracas mayor CARACAS: Prosecutors in Venezuela formally charged Caracas mayor and opposition politician Antonio Ledezma on Tuesday with staging a US-funded attempted coup against President Nicolas Maduro.The charge comes as Maduro -- an elected socialist -- heads to a regional leaders' summit in Panama Friday at which Obama is to meet with Maduro's key political ally Cuban President Raul Castro."The Prosecutors' Office on Tuesday formally charged Caracas mayor and opposition member Antonio Ledezma, who was arrested February ...
Brazil could freeze up to $25.5bn in spending BRASILIA: The Brazilian government could freeze up to 80 billion reais ($25.56 billion) in planned spending this year to reach its fiscal savings target, a government official said on Tuesday. A stagnant economy and dwindling tax revenues have complicated President Dilma Rousseff's efforts to balance the government's accounts and avoid losing Brazil's investment grade rating. The official, who spoke on condition of anonymity, said the government was aiming for a freeze of 60 billion reais, ...
UN panel cuts Latin America 2015 growth forecast to 1pc SANTIAGO: Latin America's economies will grow just one percent this year, hit by a weakening global outlook, a UN commission forecast Tuesday, slashing its previous projection of 2.2 percent.The forecast comes after the region's economies grew an estimated 1.1 percent in 2014, their lowest level in five years, according to the Economic Commission for Latin America and the Caribbean (ECLAC).In December, when ECLAC released the regional growth figure for 2014, it predicted a better year ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln