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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 ...
Brazil ruling party treasurer held in Petrobras probe SAO PAULO: The treasurer of Brazil's ruling Workers' Party, Joao Vaccari Neto, was detained for questioning Thursday in a widening scandal surrounding oil giant Petrobras.A spokesman for the federal police told AFP that Vaccari was temporarily held for interrogation in a corruption probe that has drawn in a number of politicians -- including members of President Dilma Rousseff's ruling coalition."We want information on the cash donations he requested, legal or illegal, from people who had ...
Venezuela arrests pharmacy chain managers CARACAS: Two top executives at one of Venezuela's largest drugstore chains have been arrested for allegedly violating laws meant to protect consumers from shortages and runaway inflation, the government said.Pedro Luis Angarita Azpurua, president of the Farmatodo pharmacy chain, and Agustin Antonio Alvarez Costa, his vice president, are accused of "irregularities" in how they priced and stocked "essential" goods at their stores.Their understocked shelves and unstaffed cash registers, authorities said, led to long lines, and ...
Kirchner focuses on China deals amid scandal at home BEIJING: Embattled Argentine President Cristina Kirchner sought to keep the focus on a string of deals with China during a visit to Beijing Wednesday as she became embroiled deeper in a high-profile scandal at home.Kirchner met with Chinese President Xi Jinping as it emerged that Argentine prosecutor Alberto Nisman had drafted an arrest warrant for her before his death in mysterious circumstances.After signing 15 agreements, the pair discussed at length a series of projects the ...


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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
WeeklyMay 04, 2015
Reserves $17.491 bln