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Brazil's Rousseff under pressure but impeachment seen unlikely BRASILIA: For the first time since a corruption scandal erupted at Brazil's state-run oil company Petrobras last year, senior opposition politicians are publicly floating the possibility of impeaching President Dilma Rousseff. She does not face an immediate risk of impeachment, leading opponents told Reuters, but that could change if prosecutors find evidence that Rousseff knew of or benefited from the massive graft scheme.Prosecutors say executives at Petroleo Brasileiro SA , as Petrobras is formally known, conspired with contractors to skim billions of dollars for themselves and political parties when Rousseff was the company's chairwoman from 2003 to 2010. The scheme continued after she became Brazil's president in 2011. Rousseff has conceded that graft took place but emphatically denied that she knew about it at the time. She has urged a full investigation and prosecutors have not presented any evidence that she was complicit in the scheme. However, a steady stream ...

Chile gets tough on tourists who break park rules SANTIAGO: Chile is introducing new rules to expel foreign tourists if they break rules intended to protect the country's national parks, following a devastating fire at the famous Torres del Paine, the government announced on Tuesday. An Israeli tourist was fined last year and ordered to repair the damage caused by a fire he lit in December 2011 that flared out of control, burning more than 20,000 hectares of native forest in and around Torres ...
Brazil police smash immigration to US ring BRASÍLIA: Brazilian police on Tuesday said they had launched an operation to smash an immigration ring charging Brazilian nationals thousands of dollars to be smuggled over the Mexican border and into the United States.Police from the central state of Goias said after launching Operation Coyote that the ring's clients paid between 15,000 and 30,000 reais ($5,500 to $10,800) for their passage.Those paying the least had to walk for four days to the border whereas those ...
Venezuela leader orders takeover of supermarket chain CARACAS: Venezuelan President Nicolas Maduro on Friday ordered the government takeover of a private supermarket chain, accusing the company of food hoarding amid huge lines and shortages in the crisis-hit country.Maduro said the government's PDVAL food distribution agency would take over "all service of this (Dia a Dia) chain that was waging war against the population."Copyright AFP (Agence France-Presse), 2015 ...
Brazil police kill 13 would-be bank robbers: officials BRASÍLIA: Brazilian police killed 13 men suspected of plotting to rob a bank in the northeastern city of Salvador on Friday, officials said."A group of 30 men was planning to rob a bank branch" and opened fire on police when they approached after receiving a tip-off, said the Bahia state headquarters of the military police.Three suspects and a police sergeant were also wounded in the ensuing shoot-out, police said.Two of the wounded suspects are in ...
Four Chilean ex-military arrested for Pinochet-era murders SANTIAGO: A Chilean judge ordered the arrest of a retired general and three other ex-military officers for alleged roles in the murders of 12 people under former dictator Augusto Pinochet, authorities said Friday.The retired officers were detained Thursday for their alleged roles in Chile's infamous "Caravan of Death," which occurred shortly after Pinochet was installed in 1973, judicial officials told AFP.During the illicit operation, military officials traveled through central and southern Chile by helicopter, summarily ...
Chilean navy rescues 120 from grounded cruise ship SANTIAGO: Chile's navy rescued 120 people from a small cruise ship that ran aground Thursday near Puerto Montt in the south of the country, officials said.Most of the 89 passengers aboard the Skorpio II were foreign tourists on a sight-seeing trip, the navy said.It said the vessel ran aground shortly after leaving the port of Castro before dawn, but all aboard were evacuated without incident.The cause of the accident is under investigation, the navy said.Copyright ...


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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln