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Maduro says Venezuela can pay debt, blasts default fears CARACAS: President Nicolas Maduro said Venezuela could meet all its obligations to bondholders, as he sought to quell market fears that the Socialist-run country may opt to default when $5 billion of its foreign debt falls due for repayment next month. Fears of a possible default heightened, with bond yields spiking, after the publication of an article by a former planning minister and a pro-opposition economist that suggested an orderly default could ultimately help Venezuela's slumping economy. "We're prepared to meet our international obligations in their entirety," Maduro declared on Wednesday night. "Down to the last dollar." Speaking at an event attended by industrialists, Maduro blasted what he deemed an international campaign to sully Venezuela. Like his predecessor, the late Hugo Chavez, Maduro often accuses the United States or financial speculators of trying to ruin Venezuela's self-styled socialist experiment.Investors have been alarmed by the apparent hesitancy of Maduro's government to ...

Rousseff catching up to rival in new election poll SAO PAULO: Brazilian President Dilma Rousseff closed ground on opposition candidate Marina Silva in a new poll on Wednesday simulating a likely second-round runoff in October.The Datafolha survey showed Silva with 47 percent voter support compared with 43 percent for Rousseff, within the poll's margin of error.Last week Datafolha projected Silva would win the matchup by 48 percent against 41 percent for Rousseff.Another poll on Wednesday also showed Rousseff and Silva in a tight race ...
Brazil poll shows Rousseff catching up with Silva in runoff BRASILIA: Brazilian President Dilma Rousseff has recovered support and would run a tight race with opposition candidate Marina Silva if October's election leads to a runoff vote, polls published on Wednesday showed. Silva, the Brazilian Socialist Party's candidate, would have 47 percent of voter support in a second-round vote, against 43 percent for Rousseff of the governing Workers' Party. The gap is within the margin of error of the survey by polling firm Datafolha. Rousseff ...
Dismemberment latest gory trend in Venezuela crime CARACAS: Violent crime in Venezuela has taken a gory turn as a spate of dismembered bodies has turned up around the country, their detached heads and limbs often scattered far away.Forensics analysts say six victims' body parts have been found in the past two months, a disconcerting trend in a country that already has 70 murders a day, according to researchers -- one of the world's highest homicide rates.Police have also registered a recent rash ...
Shocked Chile searches for answers on bombings SANTIAGO: Monday's attack on a Chilean subway station shocked residents of Santiago -- considered by many the safest capital in Latin America -- and sparked a search for the perpetrators that has also reopened old wounds.No one has claimed the attack, which injured 14 people, or a string of other small homemade bombs detonated across the South American country in recent months.And police say they have few clues.The information vacuum has sparked much speculation on ...
Brazil poll shows Rousseff, Silva neck-and-neck in a runoff BRASILIA: Brazilian President Dilma Rousseff has recovered support and is running neck-and-neck with environmentalist Marina Silva in a likely second-round runoff in the October election, a poll published on Wednesday showed.Silva has 42 percent of voter support in a second-round vote, one percentage point ahead of Rousseff, according to the survey by polling firm Vox Populi. The poll was commissioned by weekly news magazine Carta Capital and published on its website.It was the first Vox ...
Brazil's Rousseff cuts opponent's lead in presidential race BRASILIA: Brazilian President Dilma Rousseff has recovered ground and would be tied in popular support with opposition politician Marina Silva in a runoff vote in October, a new poll showed on Tuesday, though a festering corruption scandal threatens to complicate Rousseff's re-election bid. The poll showed that Silva, an environmentalist, would win a likely runoff election against Rousseff with 45.5 percent of the vote against 42.7 percent for the incumbent, a statistical tie within the ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln