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Ten killed in plane crash in Colombian jungle BOGOTA: A small airplane crashed minutes after take-off in Colombia's southern jungle on Saturday, killing all 10 people aboard, the country's civil aviation agency said."The airplane was found, broken apart and burned, 10 km (6 miles) from populated areas in the municipality of Puerto Santander, Amazonas department," the agency said in a statement. The Air Force was carrying out the effort to retrieve the bodies of the eight passengers and two crew members, who were traveling to Florencia, the capital of Caqueta department.The aviation agency published a photo on Facebook of a column of dark smoke rising over the jungle and said there was little chance of finding survivors.Copyright Reuters, 2014 ...

Ten feared dead in Colombia plane crash BOGOTA: Colombian authorities said there was little chance of finding survivors after a small plane with 10 people on board crashed in the Amazon jungle.The aircraft with registration number HK-4755 PA 34 Navajo took off from Araracuara Airport in the country's south around 3:00 pm local time (2000 GMT) on Saturday. It lost contact with air traffic control as it went over the town of Florencia.Authorities have yet to find the occupants -- two crew ...
Ecuador to target unhealthy diets with 'junk food tax' QUITO: Ecuador plans to impose a "junk food tax" on fast food restaurants, and will use the revenues to address the negative health effects on its citizens of diets laden with salt and fat. "We are moving past poverty-related problems since the country is progressing a lot, and moving on to problems of affluence," President Rafael Correa said Thursday.The chief of state, who holds a majority in parliament, said the tax would mainly target international ...
Venezuela leader's popularity sinks amid crisis CARACAS: Less than two years after succeeding Venezuela's late leader Hugo Chavez, President Nicolas Maduro has struggled to replicate his mentor's popularity amid a deepening economic crisis.With his approval rating plummeting, Maduro announced late Tuesday that he was replacing the head of state oil giant PDVSA, Rafael Ramirez, and relieved him of his role as vice president for economic policy.But the socialist leader fell short of announcing much-awaited measures to revive an economy beset by ...
Argentina proposes France as bond payment jurisdiction BUENOS AIRES: Argentina's Senate on Wednesday began debating a bill designed to sidestep US court-rulings that led to the South American country's July debt default, including an amendment to add France as a jurisdiction for making bond payments.President Cristina Fernandez wants to resume servicing sovereign bonds that were restructured after Argentina's previous default in 2001.The bill is her attempt at putting the country's debt out of reach of US courts that have jurisdiction over some ...
Mexico to fund new airport via cash flow initially MEXICO CITY: Mexico's government will finance the first stage of a new $9.15 billion airport planned for the capital via cash flow from the current airport and could issue up to 30-year bonds to finance later stages, a senior project official said on Wednesday.President Enrique Pena Nieto formally announced the new six-runway airport project, which aims to ease delays at the current hub, the Benito Juarez International Airport, on Tuesday. Renowned British architect Norman Foster ...
Maduro replaces Ramirez as PDVSA oil chief CARACAS: President Nicolas Maduro on Tuesday replaced Rafael Ramirez as head of Venezuela's state oil giant PDVSA, saying Ramirez would leave that key post to head up the foreign ministry. Ramirez was also relieved of his role as the oil minister and vice president for economic policy, to become -- in addition to top diplomat -- political vice president.Venezuela has the world's largest proven oil reserves and PDVSA is the world's fifth largest oil company, ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln