Just in:  

You are here: Home»World»South America

South America


Bolivia's Morales sworn in for third term as president LA PAZ: Evo Morales was sworn in Thursday for a third term as president of Bolivia at a ceremony in the country's national assembly as thousands of supporters cheered outside.Morales, Bolivia's first indigenous president, took the oath of office with his left fist raised "on behalf of the Bolivian people and equality for all human beings."The 55-year-old former coca grower, in office since 2006, was re-elected in October with 61 percent of the vote. His new term ends in 2020.During his first nine years in office, Morales nationalized the country's oil and other natural resources, and imposed state control over major strategic industries like telecommunications and electric power.Bolstered by high prices for its natural gas exports to neighbors Brazil and Argentina, Morales spread the rising income among the country's poor."Now he'll have to govern in context of falling oil prices and consequently lower natural gas prices, which is to say ...

Brazil's grid operator says January rain to be 44pc of average SAO PAULO: Brazil's national electric grid operator, the ONS, on Friday said rainfall over reservoirs in the southeast and center-west would be just 44 percent of the historical average, down from 56 percent expected a week earlier. Below-average precipitation in what should be the rainiest month of the year is a nightmare scenario for Brazil's most populous region, with drinking water reservoirs nearly dry and export crops like cane and coffee facing another year of ...
Hitchhiker snags a ride from Uruguay's president MONTEVIDEO: The person who stopped for hitchhiker Gerhald Acosta offered to give him a ride, but only as far as the presidential palace.It soon became clear why: The good Samaritan was himself the president, Jose Mujica.At least, that's the story Acosta told the daily El Observador newspaper, as he described a ride he said he got from Mujica on January 5.Acosta told the daily that dozens of cars had passed him by as he stood ...
Human error behind Brazil crash that killed politician SAO PAULO: The plane crash that claimed the life of Brazilian presidential candidate Eduardo Campos last August was the result of a succession of human errors, Estado de Sao Paulo reported Friday.An air force investigation unearthed no mechanical failures, the paper said in publishing several extracts of the report into the August 13 crash in the southeastern port city of Santos in which all seven on board died.Campos, 49, was killed just two months before ...
Seven shot dead at Venezuelan funeral CARACAS: Gunmen opened fire during a burial at a Venezuelan cemetery on Thursday, leaving seven people dead and five wounded, authorities said.The shooting took place in the old graveyard of the central town of Turmero, the attorney general's office said in a statement."Several armed men fired against a group of people at the funeral of a friend who had died days earlier," the statement said, describing the incident as a "clash."Local media said the victims ...
Brazil sets limit on government spending ahead of budget vote SAO PAULO: Brazil's government will limit monthly discretionary spending to 1/18 of its proposed budget for 2015 until Congress approves the budget, according to a decree published in the official gazette on Thursday. The widely expected measure reflects President Dilma Rousseff's focus on maintaining fiscal discipline in her second term, as her new economic team works to shore up government accounts and win back credibility among investors. Congress does not reconvene until early February. A ...
Rousseff condemns 'barbaric' attack on French paper BRASILIA: Brazilian President Dilma Rousseff strongly condemned Wednesday's "act of barbarism" on the offices of French satirical newspaper Charlie Hebdo that left at least 12 people dead as an assault on democracy. "I learned of this bloody and intolerable act of terrorism with great sorrow and indignation," Rousseff said in a statement."This act of barbarism, quite apart from the deplorable loss of life, is an unacceptable attack on the basic values of democratic societies and ...


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln