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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 and Fernando Romero, a son-in-law of Mexican tycoon Carlos Slim, have won a design contract for the project, a source familiar with the decision told Reuters on Tuesday. The government is set to unveil the winning design on Wednesday. The design contract is worth a fraction of the overall cost of airport project. Federico Patino, the financial director of the project, told reporters that the project would initially be financed from operating cash flow generated ...

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, ...
Man shot during anti-government protest in Venezuela CARACAS: A man was wounded by gunfire Monday during the latest protest against the Venezuelan government's new economic policies and authorities later broke up the demonstration, a non-governmental group said.The man was hurt in Tachira state, where the protest was called against the new anti-smuggling measures of President Nicolas Maduro's government, according to the NGO Foro Penal."A man wounded by gunshot in Las Vegas, Tariba, Tachira state," tweeted Foro Penal's director Alfredo Romero.It was not ...
As woes mount, economic stats vanish in Venezuela CARACAS: Prices keep rising in Venezuela, economic activity is sputtering and shops struggle to fill their shelves.But don't ask the central bank how bad things really are: it hasn't published key data in months.The last time the central bank and the national statistics institute published the annual inflation figure was in May, when the indicator rose to 61 percent, the highest in Latin America.Officials have not given any explanations despite repeated requests from economists, politicians ...
No sign of life from missing Nicaragua miners MANAGUA: Rescuers said on Monday there were no signs of life from eight miners missing after a cave-in at a Nicaraguan gold mine, but continued their search after saving 20 trapped workers."There's no sign of them but it's difficult to give a prognosis. We will continue the search until we find them. No one will rest," said Marcela Castillo of Nicaraguan mining firm Hemco, which is taking part in the four-day-old rescue effort.Rescuers have made ...
Maradona steals show from fellow Argentine Pope Francis VATICAN CITY: Pope Francis normally has no competition for attention when he is in a room but it was different on Monday when another larger-than-life Argentine soccer great Diego Maradona attended a papal event. Maradona was among some 400 people who attended a special papal audience for players and organisers of a charity match that was being played on Monday night in Rome to promote peace and inter-relgious cooperation. The pope read an address to ...
Argentina says August tax income rises 31.3pc on year BUENOS AIRES: Argentina tax revenue jumped 31.3 percent in August from a year earlier to 99.7 billion pesos ($11.852 billion), the government said on Monday, below the median forecast of 103 billion pesos estimated in a Reuters poll of analysts. Private economists have estimated Argentina's inflation at between 30 percent and 35 percent, which would mean the increase in tax revenue is largely explainable by consumer price increases.Copyright Reuters, 2014 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln