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Brazil's Rousseff plans to make US state visit as tensions cool BRASILIA: Brazil's President Dilma Rousseff plans to make a state visit to the United States by September, her chief of staff said, in an attempt to turn the page on a 2013 diplomatic spat over spying revelations. Rousseff became one of the only leaders ever to cancel a state visit to Washington in October 2013, following revelations that the US National Security Agency spied on her and millions of other Brazilians. Since then, diplomats on both sides have worked to ease tensions. Brazil's stagnant economy, which has suffered from falling investor confidence and a rising trade deficit, has also given Rousseff greater incentive to try to improve ties with the country's second-biggest trade partner behind China.Rousseff communicated her decision to US Vice President Joe Biden in a bilateral meeting on Thursday evening in Brasilia, chief of staff Aloizio Mercadante told journalists following Rousseff's inauguration for a second term. According to ...

Brazil's Rousseff vows to tackle graft, boost economy BRASILIA: Brazilian President Dilma Rousseff kicked off a second term Thursday, vowing to tackle corruption and revamp the economy as her government reels from a series of setbacks. Brazil's economy, once booming, has barely grown during Rousseff's time in office, and her administration is embroiled in a multimillion-dollar graft scandal at state-owned oil giant Petrobras.But the former guerrilla promised to face the scandal head on, vowing to punish anyone found guilty of illicit dealings. "We ...
Brazil's Rousseff begins second term under cloud BRASILIA: Brazil's President Dilma Rousseff begins her second term Thursday, aiming to get economic growth back on track, and to rebuild government credibility after a major kickbacks scandal.Thousands of supporters -- and pockets of detractors -- were due to gather and watch the 67-year-old left-wing former urban guerrilla arrive to receive the seals of office at a ceremony in Brasilia slated for 3:00 pm (1700 GMT).Rousseff, the 200 million-strong South American giant's first female leader, ...
Argentina to start 2015 with lapdogs flying high BUENOS AIRES: Argentine President Cristina Fernandez chose an unexpected theme for her year-end message to the country: a change in policy at the state-run airline to allow passengers to carry their already notoriously-pampered lapdogs with them on flights.Punctuated by photographs on her Facebook page of the two-term leader sitting on presidential plane Tango 01 with her Toy Poodle Lolita, Fernandez said the perk will be shared by travelers on Aerolineas Argentinas, the country's main carrier, ...
Brazil's Rousseff names ambassador to the US as foreign minister RIO DE JANEIRO: President Dilma Rousseff on Wednesday named Brazil's ambassador to the United States, Mauro Luiz Iecker Vieira, as her new foreign minister ahead of her second term starting in January.Luiz swaps places with Foreign Minister Luiz Alberto Figueiredo Machado, who will take up the role of ambassador in Washington.Luiz has been ambassador to the United States since 2010 and was previously ambassador to Argentina.Copyright Reuters, 2014 ...
Seven held hostage in latest Brazil prison uprising RIO DE JANEIRO: Inmates at a prison in southern Brazil on Monday took seven prison staff hostage during the latest in a series of mutinies at penitentiaries in recent months, Brazilian media reported.Officials, quoting state justice officials, said one of those detained was released Monday evening with minor injuries after the seven were taken hostage during disturbances which began mid-afternoon at Maringa prison in the southern state of Parana, some 600 kilometers (370 miles) west ...
Ecuador returning German money in environment row QUITO: Ecuador's President Rafael Correa said Saturday that Quito would be giving back about $8.5 million donated by Germany last year, in an environmental row. "Go ahead, take your seven million euros. If you like, we will give you another seven million euros for training programs in respect, on sovereignty and on international law," Correa, a leftist economist by training, fumed in his weekly address.Germany had expressed disappointment in Ecuador's refusal to allow a German ...


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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