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Fuel storage tank fire near Brazil's Santos port enters 4th day RIO DE JANEIRO: A fire at a fuel storage facility near Brazil's largest port Santos entered its fourth day on Sunday as 110 firefighters worked to stop the flames from spreading further, the local fire department said.Six fuel tanks run by Ultracargo, owned by Brazil's Grupo Ultra, were hit since the blaze started on Thursday morning, sending a column of thick black smoke into the air. Three of them were still burning on Sunday, the fire department and Ultracargo said. Firefighters said there was little they could do to extinguish the flames before all the fuel was consumed. Instead, they were focusing on dousing nearby tanks to keep the fire from spreading. Traffic was diverted around the site of the blaze, blocking one of the roads to the port.Trucks carrying soybeans and other commodities were still able to deliver their goods via a second entrance, a spokeswoman for the Santos ...

Peru names new PM after spying scandal LIMA: Peru's President Ollanta Humala named a new prime minister on Thursday, moving to end a crisis sparked by spying allegations leveled at the previous premier, who was sacked by Congress.The new premier is Pedro Cateriano, who until now had served as defense minister.In a surprise move, the president also named a new foreign minister.The now ex-prime minister, Ana Jara, was deposed in a no-confidence vote late Monday after media reports that the powerful National ...
Peru cabinet chief sacked in spy scandal, president in crisis LIMA: Peruvian President Ollanta Humala was left scrambling to find a new cabinet chief Tuesday after Congress sacked the incumbent, Ana Jara, over allegations of domestic spying.Jara was deposed in a no-confidence vote late Monday after media reports that the powerful National Intelligence Directorate, or DINI, spied on politicians, journalists, business leaders and thousands of everyday citizens.The cabinet chief had been under fire since March 19, when news magazine Correo Semanal published a sweeping list ...
Brazil builder with ties to Petrobras files for bankruptcy SAO PAULO: Brazil builder OAS, which prosecutors accuse of involvement in the massive corruption scandal at state oil firm Petrobras, filed for bankruptcy protection for nine of its units Tuesday.OAS is accused of being part of a group of companies that paid bribes to politicians and Petrobras executives in exchange for contracts in the oil company."Since the beginning of the investigations at Petrobras, the financial institutions have systematically restricted the access of enterprises to the ...
Argentina unions launch transport strike over tax burden BUENOS AIRES: Transport unions in Argentina launched a 24-hour strike at midnight Monday over a tax regime they say hurts the lowest earners. It is the fourth major stoppage against President Cristina Kirchner, who took power in 2007 and completes her second term at the end of this year. The protest threatened to paralyze bus services, subways, trains, taxis, fuel service stations, airline flights and ports. Because of the strike the airlines LAN of Chile ...
Peru sacks PM over alleged domestic spying LIMA: Peru's Congress sacked the prime minister, Ana Jara, on Monday night over alleged spying against lawmakers, reporters, business leaders and everyday citizens.Supreme executive power in Peru is held by the president, in this case Ollanta Humala. It is the biggest crisis in his four years in power.This is the first time the congress of Peru has deposed a prime minister since 1968. With a year left of his term, Humala must now name a ...
Brazil gov't is confident that Congress will pass fiscal package SAO PAULO: Members of Brazilian President Dilma Rousseff's administration are "strongly confident" that Congress will pass legislation aimed at streamlining spending, Finance Minister Joaquim Levy said on Monday. Passage of those measures should help the economy resume growth later this year, Levy told reporters on the sidelines of an event in Sao Paulo. Copyright Reuters, 2015 ...


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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