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FIFA member behind illegal Cup ticket sales: police RIO DE JANEIRO: Football's powerful governing body came under renewed scrutiny after a Brazilian police chief said Thursday a FIFA member provided thousands of World Cup tickets sold illegally at games for millions of dollars.Police commissioner Fabio Barucke said "someone from FIFA" and "an intermediary from Match Hospitality", FIFA's ticket agency, had channelled the tickets onto the black market.The FIFA figure, whom police are trying to identify, is believed to be staying at the Copacabana Palace, a luxury Rio de Janeiro hotel used by some FIFA hierarchy at the World Cup, Barucke told reporters.The scandal is the latest to hit FIFA, which is already battling allegations that members accepted bribes from a Qatari football official to secure support for the emirate's campaign to get the 2022 World Cup finals.Brazilian police on Tuesday arrested 11 people accused of selling tickets that may have been obtained through a contact at football's governing ...

Brazil police break up World Cup-related protest SAO PAULO: Brazilian police fired tear gas and rubber bullets to break up a protest Tuesday by some 300 people demanding the release of demonstrators arrested in early protests against the World Cup, news reports said.Police confirmed some 300 people took part in the protest in downtown Sao Paulo but gave no further details. Brazilian media said six people were arrested and at least two of them were released after being questioned by police.The rally ...
Kerry urges Central America cooperation on child migrants PANAMA CITY: US Secretary of State John Kerry reiterated on Tuesday Washington's calls for Central American cooperation in addressing the plight of tens of thousands of illegal child migrants making their way to the United States.The rapid surge in unaccompanied children making the dangerous journey, most of them from Central America, has prompted US officials to talk of a "humanitarian crisis" and to issue reminders the vast majority of the minors will be deported.Kerry met ...
Argentina faces vulture funds in countdown to default BUENOS AIRES: Argentina risks technical default by the end of on Monday in its combat with so-called vulture funds over a US court ruling that it must settle unpaid debts to bondholders.The country must reach an agreement to pay $1.3 billion to these "vulture" hedge funds by the end of July to avoid default but a decision by a judge on Friday has brought that danger even closer.Wheeling overhead are speculative funds that bought Argentinian ...
List of impossible-to-find goods grows in Venezuela CARACAS: Shopping has become a feat of endurance in Venezuela, where mass shortages have extended beyond basic goods to everything else, from hair dye to sandpaper and even to caskets.As inflation has soared above 60 percent and airlines have canceled service to Venezuela over billions of dollars owed by the Caracas government, the list of impossible-to-find-items has grown considerably."Now, there aren't even enough coffins!" lamented Roberto Leon, president of Venezuela's main consumers association (Anauco).His group ...
Venezuela cities including capital hit by blackout witnesses CARACAS: Venezuelan cities including the capital Caracas were hit by a blackout on Friday afternoon, Reuters witnesses said.National power company Corpoelec did not respond to phone calls seeking details about the extent of the power outage.Copyright Reuters, 2014 ...
US judge warns Argentina over 'illegal' payments NEW YORK: A US judge said on Friday a deposit from Argentina towards paying off restructured debt was illegal unless hedge funds holding $1.3 billion in bonds were also paid.Judge Thomas Griesa warned Buenos Aires that any further such payment attempts would put it in contempt, and said the $539 million sitting in an account of Bank of New York Mellon should be returned.He told the Republic to expedite negotiations to settle with the hedge ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln