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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 who is behind the blasts.Anarchists? Radicalized students? Ultraconservatives? The range of theories spans the political spectrum in this country still deeply divided by its 1973 military coup and 17-year dictatorship.Early investigations into Monday's attack, which targeted a food court inside the packed Escuela Militar (Military School) station at lunch hour, focus on anarchist groups with no formal organizational structure, according to district attorney Raul Guzman.But he acknowledged police had little information and said they had ...

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 ...
Venezuela's inflation soars to 63.4pc CARACAS: Venezuela's inflation rate has soared to 63.4% -- the highest in Latin America -- the Central Bank announced Tuesday.It was the first time the figure was announced since May. Critics charge that President Nicolas Maduro's socialist government has withheld data for its political benefit.Maduro's government has applied many measures trying to rein in inflation, to no avail. It has imposed mandatory price controls, set limits on commercial space rents; and even closed the border ...
Imposter passed as Lebanese diplomat in Colombia BOGOTA: A Colombian man is being investigated for posing as a Lebanese diplomat after giving lectures on the Middle East and advising the Colombian military under a false identity, local media reported.Jeyson Puello, a resident of the northeast city of Valledupar, was using diplomatic papers with a UN seal to pass himself off as Jason Ali Hakim Abdullaziz Al Nayb, supposedly a high-ranking diplomat and former Lebanese foreign minister, news reports said.Despite his perfect Spanish ...
Moody's threatens to downgrade Brazil as economy stalls RIO DE JANEIRO: Moody's Investors Service on Tuesday said it may cut Brazil's credit rating in the next couple of years as the economy slows down, putting added pressure on whoever is elected president in October to change course on economic policy.Brazil will go to the polls on Oct. 5 with the debate about whether to tighten fiscal policy a hot campaign topic. President Dilma Rousseff, seeking re-election, faces a strong challenge from her main ...
Argentina eyes debt move to dodge US court BUENOS AIRES: Argentina's congress will likely pass Wednesday a measure aimed at side-stepping a US court order that has blocked the country from paying back debt tied up in a feud with hedge funds.The lower house will vote on legislation approved by the Senate last week that would move the repayment location from New York to either Buenos Aires or Paris.It is the latest move by President Cristina Kirchner's administration in a legal tussle with ...

 



 
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Banking Review 2013


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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 23, 2014
Reserves $13.465 bln