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Venezuela says SwissLeaks accounts 'transparent' CARACAS: The Venezuelan government's bank accounts at the Swiss division of HSBC, which were revealed in the "SwissLeaks" scandal, are "totally transparent," said the South American country's economy minister.Venezuela ranked third among the countries with the largest dollar amounts in the leaked Swiss files, behind Switzerland and Britain, journalists with access to the secret documents said at the weekend.Clients connected to the oil-rich South American country had $14.8 billion in accounts detailed in data stolen by an IT worker at the bank in 2007 and passed to French authorities, then to the International Consortium of Investigative Journalists (ICIJ).Venezuelan Economy Minister Rodolfo Marco Torres, who is listed as responsible for one account, opened in the name of the Bank of the Venezuelan Treasury in October 2005, defended the government's use of Swiss accounts."These accounts are totally transparent. They're not secret accounts. They've been through the accounting and review process," he said ...

One dead in Peru in oil-related protest LIMA: Police clashed with protesters fighting oil company operations in the Amazon, leaving one dead and 20 injured, police and local media reports said.The protest in the village of Pichanaki in central Peru came Tuesday on the second day of a strike targeting oil operations that local people fear will contaminate rivers and soil.Police confirmed a 25-year-old villager died early Wednesday but did not provide details on the cause of the death.Protest organizers said he ...
Several injured in explosion on Petrobras rig off Brazil: official RIO DE JANEIRO: Several people were injured Wednesday in an explosion on a Petrobras oil rig off Brazil's southeastern coast, a spokesman for the state government of Espirito Santo told AFP.Globo television reported three deaths and 15 seriously injured following the blast but neither Petrobras nor the state government could confirm the claim. Copyright AFP (Agence France-Presse), 2015 ...
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, ...
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 ...


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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 $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln