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FARC kill 10 Colombian soldiers in pre-dawn attack BOGOTA: Suspected FARC guerrillas killed 10 soldiers and injured 20 others in a pre-dawn attack in western Colombia on Wednesday prompting President Juan Manuel Santos to order a resumption of air strikes against the rebels.The attack in a remote mountainous area in Cauca province was one of the deadliest since the government opened peace talks with the Revolutionary Armed Forces of Colombia (FARC) in Havana in November 2012."I have ordered the armed forces to ignore the order suspending bombings of FARC camps until further notice," Santos said in a televised speech."Let this be clear to the FARC: I'm not going to be pressured... by vile acts like this to make a decision on a bilateral ceasefire," he added.Less than a week ago, the president had extended a suspension of the air strikes for 30 days in recognition of a unilateral ceasefire by the FARC.A senior military official said the infantry ...

Brazil police clash with evicted squatters in central Rio RIO DE JANEIRO: Police clashed with illegal squatters at an abandoned building in Rio de Janeiro Tuesday, using pepper spray and arresting several people as some of the 300 occupants refused to leave the property.Police surrounded the building, where several children were staying, in one on Rio's most affluent areas on Rui Barbosa Avenue, as they demanded that the squatters leave, an AFP reporter said. The 20-story building, across from the famous Sugarloaf mountain in ...
Argentina summons British envoy over reported spying BUENOS AIRES: Argentina said Thursday it summoned the British ambassador over media reports that London spied on the South American country to block its efforts to win sovereignty over the Falkland Islands."Actions of this sort violate the right to privacy," Argentina's Deputy Foreign Minister Eduardo Zuain told British Ambassador John Freeman, according to a foreign ministry statement.Argentine news portal TN reported last week that documents leaked by fugitive US intelligence analyst Edward Snowden showed that ...
Protester releases mice at Brazil graft hearing BRASÍLIA: A hearing into a massive graft scandal at Brazil's state oil firm Petrobras was interrupted Thursday when a protester unleashed a mischief of mice on proceedings, sparking chaos at Congress. Several mice were released by an unknown suspect in the middle of the hearing, interrupting a statement by ruling Workers Party treasurer Joao Vaccari Neto. The small brown rodents created brief chaos among journalists and politicians attending the hearing as they scampered across the ...
Mexican navy rescues 14 Cubans at sea MEXICO CITY: The Mexican navy rescued 14 Cubans travelling in a barely seaworthy boat off the coast of the Yucatan peninsula, the navy said on Tuesday.The migrants were spotted on Monday by a navy aircraft and later taken to shore aboard a navy ship and handed over to immigration authorities. One of them was a minor.On March 20 the navy reported a similar rescue of 15 Cubans off the coast of the resort city of ...
Venezuela formally charges Caracas mayor CARACAS: Prosecutors in Venezuela formally charged Caracas mayor and opposition politician Antonio Ledezma on Tuesday with staging a US-funded attempted coup against President Nicolas Maduro.The charge comes as Maduro -- an elected socialist -- heads to a regional leaders' summit in Panama Friday at which Obama is to meet with Maduro's key political ally Cuban President Raul Castro."The Prosecutors' Office on Tuesday formally charged Caracas mayor and opposition member Antonio Ledezma, who was arrested February ...
Brazil could freeze up to $25.5bn in spending BRASILIA: The Brazilian government could freeze up to 80 billion reais ($25.56 billion) in planned spending this year to reach its fiscal savings target, a government official said on Tuesday. A stagnant economy and dwindling tax revenues have complicated President Dilma Rousseff's efforts to balance the government's accounts and avoid losing Brazil's investment grade rating. The official, who spoke on condition of anonymity, said the government was aiming for a freeze of 60 billion reais, ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln