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Rousseff pulls clear in race for Brazil presidency: poll RIO DE JANEIRO: Marina Silva is losing ground in the race for the Brazilian presidency and may not even make the run-off, an opinion poll showed Thursday, three days ahead of the vote.For the first time last week, polls put the environmentalist and Socialist Party candidate behind incumbent Dilma Rousseff in the event of a run-off, and put her neck-and-neck with Social Democrat Aecio Neves, who for weeks had been running a distant third.But the latest poll by the Datafolha firm showed Silva was continuing to slip back, just when it matters most.Silva only became the Socialist Party candidate after her running-mate Eduardo Campos died in an air crash. She got off to a strong start and a surge in support put her ahead in the polls, but she has since been losing momentum badly.Brazil's first round of presidential voting is on Sunday, after which a run-off is likely.Datafolha put ...

Fleeing war, Syrians find refuge in Latin America MONTEVIDEO: Forced to flee the war raging in his native Syria, 22-year-old Hussein Al Fleig Al Ali first tried neighboring Lebanon before discovering he had more opportunity in far-away Uruguay.While most of the more than three million refugees who have fled the Syrian conflict have flooded into neighboring countries such as Lebanon and Turkey, a growing number are defying language barriers and distance to try their luck in Latin America.The three-and-a-half-year-old war has stretched refugee ...
Brazil stocks slide as Rousseff gains in polls RIO DE JANEIRO: Brazil's stock market and currency tumbled Monday on signs that President Dilma Rousseff is making up ground on her main challenger less than a week before the country's elections.The nation's benchmark Bovespa index fell 4.52 percent on the day, while the real slipped 1.67 percent against the dollar to 2.457 from Friday's close -- its lowest level in six years.Investors were discouraged by Datafolha poll numbers released Friday showing Rousseff 13 percentage ...
El Salvador police swoop on 140 gang suspects SAN SALVADOR: El Salvador police rounded up 140 suspected gang members on Friday in a broad sweep encompassing several communities across the country, which has one of the highest murder rates in the world.The suspects were arrested in connection to a range of crimes including murder, extortion, robbery and rape, a statement from the attorney general's office said.In the west San Salvador community of Las Palmas, 31 members of the notorious Barrio 18 gang were ...
Argentina exits recession in second quarter BUENOS AIRES: Argentina exited recession with 0.9-percent economic growth in the second quarter, national statistics institute INDEC said Wednesday, a rare bit of good news amid the country's new debt default.But with inflation estimated at more than 30 percent and the value of the peso tumbling, Latin America's third-largest economy is still mired in a slowdown after averaging 7.8-percent annual growth from 2003 to 2011.Economic analysts are forecasting the economy will shrink two percent this ...
Three sentenced in Venezuela over ex-beauty queen killing CARACAS: Three men were sentenced to more than 20 years in prison on Tuesday in Venezuela over the killing of an ex-beauty queen and her partner.All three, aged 18, 19 and 21, pleaded guilty to the crime, the attorney general's office said.The victims in the January roadside robbery and shooting were former beauty queen Monica Spear and her partner Thomas Berry.The three sentenced were among 10 people charged with the crime. Two of them were ...
Ex-Petrobras director pocketed kickback: report BRASïLIA: A former director of Brazilian oil giant Petrobras who has accused dozens of politicians of taking kickbacks allegedly pocketed one himself for the purchase of a US refinery, local media reported.Paulo Roberto Costa, currently in custody for money laundering, told police and justice ministry officials probing his allegations that he took 1.5 million reais ($636,000) as part of a deal to buy the Texas-based refinery, Globo television reported late Thursday.Costa is at the heart ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln