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Peru Congress narrowly OKs Humala's new cabinet on third vote LIMA: Peru's Congress narrowly ratified President Ollanta Humala's embattled cabinet on Tuesday after the ruling party offered to suspend a rule requiring independent workers to pay into a pension program.Humala secured scarcely enough support for his sixth cabinet in three years with 55 votes. Fifty-four lawmakers voted against his cabinet and nine abstained.The vote was the third after a majority of lawmakers balked at the cabinet's ratification last week, part of a bid to pressure Humala on a raft of demands ranging from ministerial changes to the repeal of the pension law.Passed in 2012 when Humala wielded more power in Congress, the pension law mandates independent workers to pay into a private pension fund or the state pension program. Peru's private pension system is the most important source of investment capital in the country, managing some $39 billion.After the law was passed, Habitat , a unit of Chile's Inversiones La ...

Quake rocks California wine country, dozens injured NAPA: A 6.0 magnitude earthquake rocked wine country north of San Francisco early on Sunday, injuring dozens of people, damaging historic buildings, setting some homes on fire and causing power outages around the picturesque town of Napa.The quake, the biggest in the region in 25 years, jolted many residents out of bed when it hit at 3:20 a.m. (1020 GMT). It was centered 6 miles (10 km) south of the city of Napa.There were no ...
Ecuador seizes 7.8 tons of liquid drugs bound for Spain QUITO: Ecuador authorities seized 7.8 tons of liquid drugs, likely a form of cocaine, disguised as "disinfectant" due to be shipped to Spain, authorities said Saturday.The operation on Friday in the port city of Guayaquil, in south-eastern Ecuador, also netted three arrests, including one foreigner, who were ordered jailed, said the prosecutor's office in a post to their Twitter page. The liquid, which authorities said was liquid cocaine hydrochloride, was declared to authorities as a ...
Venezuela to fight food smugglers with fingerprint scans CARACAS: Venezuelan President Nicolas Maduro has announced plans to introduce fingerprint scanners at supermarkets in a bid to stop food smugglers he blames for the crippling shortages gripping the country.Price controls in Venezuela keep food and other basic goods up to 10 times cheaper than in neighboring countries, and Maduro blames the shortages on smugglers who buy cheap products and sell them for large profits across the border, particularly in Colombia.Under the new system, the ...
Brazil Socialists pick new candidate, target Rousseff BRASILIA: Brazil's Socialist party named popular environmentalist Marina Silva its presidential candidate Wednesday, reshaping the political landscape after her late running mate Eduardo Campos died in a plane crash last week.Campos's death has radically transformed the outlook for the October vote, possibly setting up Silva, his former vice presidential candidate, to unseat incumbent Dilma Rousseff in a runoff, according to the latest poll."I will give the best I have in me," said Silva, a 56-year-old ...
Prominent Brazil journalist recalls dictatorship torture SAO PAULO: Prominent Brazilian journalist Miriam Leitao spoke out Wednesday on the torture she was subjected to by the military regime in the 1970s, rejecting army claims that its units committed no abuses.Speaking publicly on her detention for the first time since she testified before a military tribunal in 1973, Leitao, one of Brazil's most influential journalists, recalled being severely beaten as a young pregnant student detained at an army barracks where she was locked ...
British Falklands warship towed away for scrap LONDON: The British warship on which Argentina formally surrendered the island of South Georgia during the 1982 Falklands War began its final journey on Wednesday before being scrapped.HMS Plymouth could not be saved despite years of attempts to find a permanent home for the frigate.The ship, which entered naval service in 1961, was decommissioned in 1988. Peel Ports, which owns the dock where the frigate has languished rusting for years, said they had no "practical ...

 



 
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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
WeeklySeptember 25, 2014
Reserves $13.305 bln