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Xi seeks energy deals in Venezuela CARACAS: Chinese President Xi Jinping arrived on Sunday in Venezuela, the third leg of a Latin American tour aimed at bolstering trade with the region and sealing energy deals.The Chinese leader's charm offensive, which has already taken him to Brazil and Argentina and will next bring him to Cuba, seeks to secure new bilateral trade deals, particularly for coveted raw materials.Venezuelan President Nicolas Maduro greeted Xi as he landed at the Maiquetia airport that serves Caracas, with dozens of dancers and musicians performing traditional musical pieces.Following a visit to the tomb of revolutionary leader Simon Bolivar, Xi will meet with Maduro and address reporters. On Monday, he will meet with the leader of the National Assembly, Diosdado Cabello, and sign a series of agreements with the Venezuelan government.During the nearly 15 years that late president Hugo Chavez was in power, China became a strategic ally of Venezuela in America's backyard. ...

Thousands march in pro-Palestinian protests in Chile SANTIAGO: About 5,000 demonstrators against Israel's military strikes in Gaza held a protest Saturday in the Chilean capital, home to a sizeable Palestinian community.The march took demonstrators to the Israeli embassy in Santiago, where some participants glued pictures of children who have died in the attacks to the walls of the building.The marchers continued on to the embassy of the United States, seen as Israel's close ally.Protests were also held Saturday in Paris and London. ...
White House says deportation flight to Honduras a 'signal' WASHINGTON: The White House said on Tuesday that the deportation of 40 women and children to Honduras was a sign that illegal immigrants would not be welcomed with "open arms" amid a border crisis.The immigrants, sent home from a holding facility in New Mexico on Monday, became a high profile symbol of the Obama administration's efforts to stem a tide of minors crossing into the United States from Central America.White House spokesman Josh Earnest said ...
Lufthansa says to cut Venezuela flights amid forex dispute CARACAS: German airline Lufthansa said on Monday it will reduce service to Venezuela by 40 percent starting next month amid an ongoing dispute about repatriation of revenue from ticket sales. Carriers, including American Airlines, Delta and United, have in recent weeks reduced flights to Venezuela over complaints they have not been able to obtain hard currency through the OPEC nation’s currency control system. Lufthansa, Europe’s largest airline by revenue, will cut flights to ...
Bolivia's president to seek third term to expand social reforms LA PAZ: Bolivia's President Evo Morales will run for re-election in October to press on with his promise of expanding social reforms in the Andean nation, the vice president of the ruling party said on Monday.The former coca farmer became Bolivia's first indigenous leader in 2006. Morales, 54, is lauded by supporters as a champion of the poor committed to easing the country's grinding poverty.Historically one of South America's most unstable countries, Bolivia has enjoyed ...
Brazil could see record fertilizer consumption in 2014- analyst SAO PAULO: Brazil could use a record amount of fertilizer this year, more than 32 million tonnes, even as low international grain prices decrease the incentive for agricultural expansion, an analyst said on Monday. Many farmers in the world’s top soybean exporter bought fertilizers early in the year when there was a favourable price ratio with soybeans and corn, said an analyst. “There is a lot of fertilizer that was purchased with anticipation and ...
BRICS to create development bank, 'mini-IMF' FORTALEZA: Leaders of the BRICS group of emerging powers meet Tuesday to launch a new development bank and a reserve fund seen as counterweights to Western-led financial institutions.Brazilian President Dilma Rousseff hosts the leaders of Russia, India, China and South Africa in Fortaleza on Tuesday before talks with South American leaders the next day in Brasilia.The summit will mark the first face-to-face meeting between India's new Hindu nationalist Prime Minister Narendra Modi and Chinese President ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln