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Venezuelan leader closer to decree powers CARACAS: Venezuelan President Nicolas Maduro moved closer on Wednesday to ruling by decree after the legislature held a first vote that would allow him to act against "external or internal" threats to peace.Amid deteriorating relations with Washington, Maduro attended the session of the National Assembly to ask for the special legislative powers to confront perceived a US threat.His move raised concerns that he would use decrees to crack down on the opposition and curb individual rights."The aggression and threat from the US government is the biggest that Venezuela has ever faced and the response must be national unity," the socialist leader said.Maduro urged the population to hold on Saturday a "defense exercise to prevent the yankee boot to ever touch our fatherland." He did not elaborate on the nature of the defense activity.The Venezuelan president has accused Washington of backing an opposition plot to bomb the presidential palace in order ...

Colombia hit by 6.1 magnitude earthquake, felt in several cities BOGOTA: A 6.1 magnitude earthquake hit Colombia on Tuesday, shaking buildings in several cities including the capital Bogota.The quake, with its epicenter located 17 miles south of the eastern city of Bucaramanga, was deep at 98.5 miles below ground which tends to limit the amount of damage caused.There were no immediate reports of damage or injuries.Copyright Reuters, 2015 ...
Dengue deaths on rise in Sao Paulo SAO PAULO: Cases of dengue fever are on the rise in Sao Paulo, with a nearly eightfold increase that saw 24 people die in Brazil's most populous state so far this year, the health ministry said Friday.The mosquito-borne infectious tropical disease comes as Sao Paulo state and the southeast of the country suffer water shortages in the wake of the worst, months-long drought in living memory."In many regions, owing to a lack of water, people ...
El Salvador votes in tight congressional poll SAN SALVADOR: El Salvador voted Sunday in tightly contested congressional elections, with leftist President Salvador Sanchez Ceren seeking broader legislative support for his efforts to fight gang violence racking the country.Since Sanchez Ceren took office in June last year, he has had to strike alliances with small right-wing parties to achieve a majority and overcome fierce opposition from conservative foe ARENA, the party his FMLN ousted from power in the 2009 elections.The FMLN and ARENA ...
Brazil beefs up police to quell trucker protest BRASILIA: The Brazilian government dispatched extra police Sunday to quell a strike by truckers opposing rising fuel and freight costs, after demonstrations turned violent.Nearing its second week, the strike has hit 11 of Brazil's 26 states. The southern regions of Rio Grande do Sul, Parana and Santa Catarina have been hit especially hard.One driver was killed when he was run over during a Saturday demonstration in Rio Grande do Sul as a lorry driver opposed ...
Brazil loses 81,774 jobs in January, way more than expectations SAO PAULO: Factories, farms and services companies in Brazil shed a net 81,774 jobs in January, the labor ministry said on Friday, the latest evidence that the nation's once booming job market is rapidly losing steam. The number compared with a forecast of 20,000 net dismissals in a Reuters poll of analysts. Copyright Reuters, 2015 ...
Brazil teen killed by police recorded shooting on phone RIO DE JANEIRO: A 15-year-old Brazilian shot dead by police last week was carrying a mobile phone that caught the incident on camera, according to video published Thursday by a news site.Alan de Souza Lima was killed Friday in a favela near Rio by police gunfire as he was hanging out with friends, including one who was shot in the chest but survived.The chilling video, published on news outlet G1 Globo, shows the three teens ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln