Just in:  

You are here: Home»World»South America

South America


Thousands protest in Ecuador against president QUITO: Thousands of people marched Wednesday in Ecuador against the leftist government of President Rafael Correa, denouncing a move that would allow him to extend his rule beyond 2017.Union members, students, teachers and indigenous peoples gathered in the capital Quito and other cities for the second march in two months in opposition to the Socialist leader.In office since 2007, Correa was re-elected in February 2013 to a four-year term, the last he is currently allowed under the law.However, in late October, Ecuador's Constitutional Court gave lawmakers the green light to set new rules on term limits that would allow Correa to extend his rule beyond 2017.Around 3,000 protesters marched under police surveillance in Quito, following a September anti-government rally in which 34 officers were injured and 53 people taken into custody."Fear has gone and people are mobilized," signs read Wednesday."If Ecuador wants unlimited re-elections, it has to be done through ...

White House backs increased Venezuela sanctions WASHINGTON: The White House would support increased sanctions against Venezuela, a US administration official said in a Senate confirmation hearing Wednesday.Failed efforts from Latin American allies to reform the government of Venezuela President Nicolas Maduro have led President Barack Obama to switch his stance on increased sanctions, national security adviser Antony Blinken said while facing questions from lawmakers."We would not oppose moving forward with additional sanctions," Blinken said.Blinken was answering questions during a Senate Committee ...
Fate of peace talks in FARC hands: Colombian president BOGOTA: The fate of peace talks is in the hands of the FARC rebels, the Colombian president warned Monday, after halting the negotiations designed to end Latin America's longest-running conflict. The Marxist guerrillas are under increasing pressure at home and internationally to free a general whose kidnapping prompted President Juan Manuel Santos to stop the talks, throwing the two-year-old negotiations into fresh crisis.The most promising effort yet to end Colombia's 50-year-old conflict, the talks were ...
Typhoon-shattered Philippines slowly on mend DAGAMI: Philippine communities shattered by Super Typhoon Haiyan a year ago are starting to bustle again as a mega-reconstruction effort takes root, but millions of survivors still endure brutal poverty and are dangerously exposed to the next big storm.More than 7,350 people perished as Haiyan tore in off the Pacific Ocean with the strongest winds ever recorded on land and generated tsunami-like storm surges more than two-storeys high.The typhoon, on November 8, smashed into a ...
Brazil lifts key rate to 11.25pc RIO DE JANEIRO: Brazil's central bank on Wednesday raised its key interest rate by 25 basis points to 11.25 percent -- the first hike since April -- in the wake of leftist Dilma Rousseff's re-election as president.Analysts had predicted the bank would leave the main Selic rate on hold at 11 percent.But with Brazil fighting inflationary pressures, the rates committee elected to send out a signal given what it termed a "less favorable risk balance ...
Tropical Depression Hanna soaks Nicaragua, Honduras MANAGUA: Tropical Depression Hanna on Monday lashed northeastern Nicaragua and eastern Honduras, unleashing heavy rains that US forecasters warned could cause deadly flash-flooding. Though slightly weaker and downgraded from tropical storm status, Hanna still could drench much of Honduras and northern Nicaragua with up to 15 inches (38 centimeters) of rain, according to the Miami-based National Hurricane Center."These rainfall amounts will produce life-threatening flash floods and mudslides," the NHC cautioned at 0001 GMT Tuesday.Hanna, with ...
Rousseff faces battle to govern divided Brazil BRASoLIA: Brazil's newly re-elected President Dilma Rousseff faces huge challenges to govern the sprawling South American country after winning a deeply divisive race by a narrow margin, analysts said.The leftist incumbent beat business favorite Aecio Neves 51.6 percent to 48.4 percent in a hard-fought run-off Sunday, leaving her with a fragile mandate to reboot the recession-hit economy and answer voters' frustrations over corruption and weak public services.Political analyst Andre Cesar summed up the laundry list ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln