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El Salvador votes in tight congressional poll SAN SALVADOR: El Salvador voted Sunday in tightly contested congressional elections, with leftist President Salvador Sanchez Ceren seeking broader legislative support for his efforts to fight gang violence racking the country.Since Sanchez Ceren took office in June last year, he has had to strike alliances with small right-wing parties to achieve a majority and overcome fierce opposition from conservative foe ARENA, the party his FMLN ousted from power in the 2009 elections.The FMLN and ARENA fought each other in a bloody civil war that lasted from 1980 to 1992, and the divide between them still dominates the country's politics.The FMLN had a narrow lead heading into the vote, but it was within the margin of error.Opinion polls predicted the 84-member legislature would remain deeply split, with neither party achieving the 43 seats needed for a simple majority.Polling stations closed at 5:00 pm (2300 GMT) without any major incidents being reported. ...

Brazil beefs up police to quell trucker protest BRASILIA: The Brazilian government dispatched extra police Sunday to quell a strike by truckers opposing rising fuel and freight costs, after demonstrations turned violent.Nearing its second week, the strike has hit 11 of Brazil's 26 states. The southern regions of Rio Grande do Sul, Parana and Santa Catarina have been hit especially hard.One driver was killed when he was run over during a Saturday demonstration in Rio Grande do Sul as a lorry driver opposed ...
Brazil loses 81,774 jobs in January, way more than expectations SAO PAULO: Factories, farms and services companies in Brazil shed a net 81,774 jobs in January, the labor ministry said on Friday, the latest evidence that the nation's once booming job market is rapidly losing steam. The number compared with a forecast of 20,000 net dismissals in a Reuters poll of analysts. Copyright Reuters, 2015 ...
Brazil teen killed by police recorded shooting on phone RIO DE JANEIRO: A 15-year-old Brazilian shot dead by police last week was carrying a mobile phone that caught the incident on camera, according to video published Thursday by a news site.Alan de Souza Lima was killed Friday in a favela near Rio by police gunfire as he was hanging out with friends, including one who was shot in the chest but survived.The chilling video, published on news outlet G1 Globo, shows the three teens ...
Brazil arrests 'Amazon's biggest deforester' SAO PAULO: Brazilian authorities said Tuesday they had arrested the boss of a gang blamed for 20 percent of the deforestation in the Amazon rainforest in recent years.Ezequiel Antonio Castanha was detained at the weekend in the northern state of Para, the culmination of a six-month police operation that had already netted eight others, and prosecutors called him the Amazon's single biggest deforester.The gang illegally seized land, clear-cut it and sold it for high prices ...
Striking truckers block Brazil ports SAO PAULO: Striking truck drivers blocked access to major ports in Brazil on Tuesday, raising the specter of critical shortages of basic goods in some cities.Truck drivers protesting rising diesel and freight rates badly hampered activity at Brazil's largest port of Santos, in Sao Paulo, and likewise Paranagua port, in the south, which is the main departure point for agricultural products.Only 10 percent of planned shipments for Tuesday were made at Paranagua, according to the ...
Yellen faces Senate grilling on Fed rate policy, transparency WASHINGTON: Federal Reserve Chair Janet Yellen is expected to face pointed questions this week from US lawmakers aimed at revealing details about the Fed's timing on interest rate hikes, as well as fresh scrutiny about transparency at the central bank.Yellen will likely give away little in her prepared testimony for the Senate Banking Committee on Tuesday, and the House Financial Services Committee on Wednesday. But her answers to lawmakers' questions will be parsed for insight ...


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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln