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Argentina sees sabotage as train accident injures 40 BUENOS AIRES: Argentina's government alleged Monday that a train accident that injured 40 people was an act of political sabotage targeting the transport minister, a candidate in upcoming presidential primaries.The accident happened Sunday night when a passenger train crashed into a locomotive that was maneuvering into position on a commuter line linking Buenos Aires with the suburbs.Except for a policeman with a fractured hip, the victims suffered only light injuries.But President Cristina Kirchner's government alleged it was no mere coincidence that Transport Minister Florencio Randazzo had been due to preside over the ceremonial launch of 52 new train cars at the same station later Monday."There's a mafia behind all this, with more businessmen than union members in some cases, who are working specifically for their own gain," cabinet chief Anibal Fernandez said at his morning press conference.He lashed out at transport unions opposed to Kirchner, which have called a strike ...

No jail time for rebels: Colombia's FARC HAVANA: Colombian leftist rebels holding peace talks with the government insisted Wednesday that none of their people should end up in jail for fighting in the five-decade-old war.That issue -- justice for egregious crimes committed during the war -- has proved to be a key stumbling block in the negotiations that began here in the Cuban capital in 2012.The conflict stems from Latin America's oldest and last rebel insurgency, waged by the Revolutionary Armed Forces ...
Brazil prosecutors investigating ex-football confederation leader RIO DE JANEIRO: Prosecutors have launched an investigation against Ricardo Teixeira, former Brazilian Football Confederation (CBF) president, for alleged crimes including money-laundering and fraud, officials said Monday.The charges stem from alleged corruption toward the end of Teixeira's presidency, between 2009 and 2012, but the investigation is being conducted "completely under wraps," Marcelo del Negri, spokesman for the federal prosecutor's office, told AFP.A federal police probe found that between 2009-2012, Texeira, who led the CBF for ...
FARC peace negotiator killed in Colombia strike: rebels HAVANA: Colombia's FARC guerrillas said Wednesday that one of their peace negotiators was killed in an air strike last week that has threatened to derail their talks with the government on ending the five-decade conflict.FARC commander Pastor Alape said his comrade in arms Jairo Martinez was "among the guerrillas murdered" in a strike Thursday on the western rebel stronghold of Cauca that killed 27 rebels.Alape also confirmed that rebel commander Roman Ruiz, a member of ...
Former Petrobras executive sentenced to five years jail SAO PAULO: A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal Judge Sergio Moro said there was ample evidence to support charges by prosecutors that the former director, Nestor Cervero, used bribe money stolen from the company to buy a luxury apartment in Rio de Janeiro. Cervero was ...
Brazil's Levy denies dispute over budget cuts, will stay in post BRASILIA: Brazilian Finance Minister Joaquim Levy on Monday denied any disagreements within the government over unpopular budget cuts and said he did not plan to leave his post. Speculation of a rift between Levy and others in the government emerged on Friday when he unexpectedly missed the press conference to announce the spending cuts, a key part of the finance minister's austerity push. Fears among investors that Levy could be losing the trust of President ...
Colombia's Santos to visit Pope Francis in June: report BOGOTA: President Juan Manuel Santos will meet Pope Francis in mid-June as part of a European tour, Colombia's foreign minister said in comments reported Sunday.After meeting Italian Prime Minister Matteo Renzi, Santos will "travel to Rome for an audience with the Holy Father, who will welcome him on June 15," Foreign Minister Maria Angela Holguin told the El Tiempo newspaper.Santos's tour begins with a summit in Belgium and will also take him to Sweden to ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln