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Britain, Argentina mark 30th anniversary of Falklands war  USHUAIA: Argentina and Britain on Monday marked 30 years since they went to war over the Falklands, with Argentine President Cristina Kirchner calling British rule over the disputed islands "absurd." "It is absurd to claim control (of the Falklands) from 14,000 kilometers (8,700 miles) away when the territory is on our continental shelf," Kirchner said in a 20-minute speech to veterans of the bloody 74-day conflict. Kirchner traveled to Ushuaia, the world's southernmost city, to pay homage to the 649 Argentine victims of the conflict, which began with a surprise Argentine invasion of the remote islands on April 2, 1982. The war ended in a humiliating defeat for Argentina when British prime minister Margaret Thatcher sent in a naval task force to reclaim the archipelago that Britain has ruled since 1833. After the long voyage, the British force launched an assault from the sea, fighting hilltop by hilltop to wrest back control of the ...

LIMA:  President Ollanta Humala's brother Antauro, who was jailed after leading a 2005 military uprising, has been moved to a tighter security facility because of disciplinary problems, Justice Minister Juan Jimenez said Monday. "For the past several months and years, he had been the source of excesses in terms of his behavior," Jimenez told state-owned TV Peru. "He is an undisciplined inmate, does not follow rules and so we have decided to take this drastic measure." Jimenez ...
LONDON: Britain would have to hold its air base on the Falklands unaided for at least a week in the event of another Argentine invasion, a defence pressure group warned Sunday. The UK National Defence Association, which campaigns on British military matters, claimed the archipelago was more vulnerable than at any time since the 1982 Falklands War between Britain and Argentina over the islands. In a report ahead of the 30th anniversary of the invasion on Monday, ...
BRASILIA: Thirty years after the Falklands War,Latin America is closing ranks behindArgentina's sovereignty claim over the disputed islands and reviving a bid for control in the resource-richSouth Atlantic. All countries of the region backBuenos Airesin its bitter dispute withLondonover the remoteSouth Atlanticarchipelago and oppose any British military presence in the region, Colombian Foreign Minister Maria Angela Holguin said in late March. And she stressed that a statement on the issue would be issued at an April meeting ...
CARACAS: President Hugo Chavez returned home to Venezuela on Thursday after a first session of radiation treatment in Cuba that he hopes will cure his cancer and allows him to win a new six-year term in October. The 57-year-old socialist leader has said he will be flying back and forth to Havana over the coming weeks as he undergoes therapy, removing himself from the political stage just as his election rival ramps up his campaign. Very little ...
MANAGUA: Nicaraguan police have arrested businessman Henry Farinas, a key witness to the killing of Argentine folk singer Facundo Cabral, for investigation, an official said. National Police Commissioner Major Fernando Borge told Channel 4 television that Farinas was arrested Thursday at the Augusto Cesar Sandino International Airport in the capital and taken in for "some formalities and investigation." He declined to provide further details on why Farinas was arrested, or to say whether he was detained while ...
Brazil economy to grow 3.5pc in 2012: central bank  BRASILIA: The Brazilian economy is expected to grow 3.5 percent this year, up from 2.7 percent in 2011 while inflation will be around 4.4 percent, according to central bank projections released Thursday. The 2012 projections are lower than those from the finance ministry which is forecasting gross domestic product growth of 4.5 percent and consumer prices rising 4.5 percent. The bank also anticipates low growth "for a prolonged period" for the global economy due to the impact ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyFBS July-June
Trade Balance $-21.271 bln
Exports $23.641 bln
Imports $44.912 bln
WeeklyMay 13, 2013
Reserves $11.863 bln