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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 poll's margin of error.The previous survey by polling firm MDA had shown Silva with a six percentage point lead. The survey was begun before a scandal involving alleged bribery at state-run oil company Petroleo Brasileiro SA was reported over the weekend. The allegations by a jailed former Petrobras executive that dozens of politicians from the governing coalition received kickbacks are expected to complicate Rousseff's bid for re-election. The Rousseff administration's approval rating, however, has risen ...

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 ...
Chiquita suspends Fyffes deal vote, to discuss Cutrale-Safra bid SAO PAULO: Banana producer Chiquita Brands International Inc adjourned a shareholder vote on a plan to merge with Fyffes Plc in order to engage in discussions with Grupo Cutrale and Safra Group regarding a $611 million unsolicited takeover bid.US-based Chiquita said in a statement on Monday that Irish tropical fruits producer Fyffes had granted it a waiver to negotiate with Cutrale and Safra. Chiquita's planned Sept. 17 shareholder meeting to vote on the Fyffes deal was ...
Petrobras scandal shakes up Brazil presidential race RIO DE JANEIRO: Brazil's October presidential race has been shaken up by a corruption scandal allegedly involving state-run oil firm Petrobras and dozens of lawmakers, with both leading candidates forced onto the defensive after colleagues were implicated. Media reported on Friday night that a jailed former Petrobras director had named dozens of politicians who allegedly received kickbacks off the company's contracts. The revelations are a headache for President Dilma Rousseff, undermining her reputation for zero ...

 



 
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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%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln