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Peru court orders mining firm to pay $163 million LIMA: Pervuian mining concern Doe Run must pay $163 million for failing to take sufficient environmental measures at its site in La Oraya, the country's high court announced Saturday.Doe Run Peru also produces lead, copper and other metals that create large amounts of polluting byproducts.Its contract, which the Peru high court says the company failed to honor, requires that it take stringent preventive measures to safeguard the environment in the area. The government sued Doe Run Peru after it failed to build a treatment plant to reduce the emissions, and the country's Supreme Court has ruled in its favor, judicial officials announced.A report last year by the International Federation for Human Rights found that "the air been contaminated by emissions of lead and other heavy metals spewed from the chimneys of the refinery," run by Doe Run Peru, and that the water and soil also had been contaminated.Doe Run Peru ...

Mavericks owner rips IOC after injury: report DALLAS: Dallas Mavericks owner Mark Cuban blasted the International Olympic Committee (IOC) in the wake of NBA star Paul George suffering a broken right leg playing for the US national team.Cuban told ESPN he sees the IOC as reaping all the profits while clubs take all of the risks when it comes to athlete injuries."The greatest trick ever played was the IOC convincing the world that the Olympics were about patriotism and national pride instead ...
Brazil police launch probe as shooting video emerges RIO DE JANEIRO: Brazilian police have launched a probe following the release of a video purportedly showing elite officers shooting a man who had apparently turned himself in.The footage, published Saturday by the magazine Extra, allegedly documents an incident on May 23 during an operation in the west of Rio de Janeiro.Police said the officers in question would be brought to justice if the scenes prove to be true.The video purportedly shows two officers from ...
US judge orders new talks on Argentina debt dispute NEW YORK: The US judge presiding over Argentina's bitter dispute with hedge-fund creditors ordered the two sides to hold new negotiations and called for an end to "mistrust" at a hearing Friday in New York.Argentina needs to strike a deal with the two US hedge funds, whose legal battle against its debt restructuring has blocked it from paying bondholders who agreed to take a 70-percent write-down after the country's 2001 economic crisis.It missed a $539 ...
Venezuelan ex-intel chief wanted by US freed in Aruba, arrives home CARACAS: A Venezuelan ex-military intelligence chief arrested at the United States' request on drug trafficking charges by Aruba was freed from jail Sunday and returned home, authorities said."It is a very brave decision by Holland to acknowledge diplomatic immunity was violated, and for international law to be restored. It takes clarity, good will and bravery," President Nicolas Maduro said.Aruba, close to Venezuela's coast, is an autonomous part of the kingdom of the Netherlands.Copyright AFP (Agence ...
Venezuelan ex-intel chief sought by US freed in Aruba, now home CARACAS: A Venezuelan ex-military intelligence chief arrested by Aruba at the United States' request on drug trafficking charges was freed Sunday and returned home to Caracas, authorities said.Retired major general Hugo Carvajal was detained late Wednesday on the southern Caribbean island, where he had been designated but not confirmed as Venezuela's consul. "It is a very brave decision by Holland to acknowledge diplomatic immunity was violated, and for international law to be restored. It takes ...
Venezuela says ex-general sought by US to be freed in Aruba CARACAS: Venezuela said on Sunday that retired military General Hugo Carvajal, wanted by the United States over drug accusations and arrested four days ago on the Caribbean island of Aruba, would be released and return home shortly."A plane is taking off at this moment to go and pick up our comrade Hugo Carvajal," Foreign Minister Elias Jaua said on state TV, hailing "a new victory" for Venezuela.Carvajal's lawyer, Chris Lejuez, speaking to Reuters by telephone ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln