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Brazilians can vote for their own Obama RIO DE JANEIRO: In Brazil, where nicknames are everything, voters can now opt for a congressional candidate who goes by the name Barack Obama.He is black, like the US president, and running for congress in elections on October 5 for the ruling Workers Party.His real name is Claudio Henrique dos Anjos. A court has allowed the 45-year-old to run in the election with ballots that read "Barack Obama."On his website, he goes by the longer name Claudio Henrique Barack Obama.On Tuesday he formally presented his candidacy, and in the short time alloted him on television he launched the terse slogan "Vote for Barack Obama!"Electoral laws in Brazil give candidates leeway to choose the name they want to go by in campaigns.Here, people's nicknames are almost always more well known than their real names. For instance, Edison Arantes do Nascimento is the football legend better known as Pele.Former president Luiz Inacio ...

Argentina aims to skirt US court, bring debt under national law BUENOS AIRES: President Cristina Fernandez on Tuesday unveiled legislation that seeks to push bondholders to swap defaulted debt for new notes governed by Argentine law, a move aimed at skirting a US ruling that prevented her government from paying its creditors. Argentina slid into default last month after a New York court blocked an interest payment of $539 million owed to holders of debt that was restructured after the country's record 2002 default. The judge ...
New poll shows major shake-up for Brazil election ISLAMABAD: The likely replacement of Eduardo Campos, the Brazilian presidential candidate killed in a plane crash last week, could force a run-off vote with incumbent Dilma Rousseff, a poll has shown.The results of the poll, released on Monday, showed that Marina Silva of the Brazilian Socialist Party, known as the PSB, would come second in the first round and tie with Rousseff in the run-off, Anadolu News Agency Reported.The Datafolha poll was the first since ...
Tens of thousands mourn Brazil presidential candidate Campos RECIFE: More than 160,000 mourners turned out to pay their respects to Brazilian presidential candidate Eduardo Campos here Sunday after the popular socialist politician's death in a plane crash last week.A burst of fireworks marked his burial after a packed crowd of tens of thousands of people accompanied his body, carried in a flag-draped fire truck, through the streets to a family vault in Recife's largest cemetery.The burial took place at 6:35 pm (2135 GMT) ...
Victims of Colombia armed conflict testify HAVANA: A woman whose disabled son was kidnapped and murdered by soldiers was among a group of witnesses to testify on Saturday at peace talks in Cuba between FARC rebels and the Colombian government."This is an unprecedented step of immense significance," President Juan Manuel Santos said in Bogota ahead of the testimony of the 12 witnesses, the first time victims of Colombia's five-decade armed conflict have addressed the talks.The closed-door hearing started at 9:00 am ...
Black box failed on Brazil politician's doomed flight BRASILIA: The black box recovered from the wreckage of the plane crash that killed Brazilian socialist presidential candidate Eduardo Campos failed to record his flight, the air force said Friday.The two hours of recordings it contained were not related to Wednesday's doomed flight, according to the military branch in charge of the investigation into the crash. "The reasons why the recording does not correspond to the flight will be studied during the investigation," the air ...
Argentina to make loan payments to World Bank BUENOS AIRES: Argentina announced on Friday it will make more than $3 billion in payments on loans due this year to international financial institutions, including the World Bank and the Inter-American Development Bank.The move comes even as the government stands in technical default on other debt over its refusal to pay $1.3 billion to settle a dispute with hedge funds holding Argentine bonds from an earlier default in 2001.A US judge, who ruled in favor ...

 



 
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Banking Review 2013


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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln