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Ten feared dead in Colombia plane crash BOGOTA: Colombian authorities said there was little chance of finding survivors after a small plane with 10 people on board crashed in the Amazon jungle.The aircraft with registration number HK-4755 PA 34 Navajo took off from Araracuara Airport in the country's south around 3:00 pm local time (2000 GMT) on Saturday. It lost contact with air traffic control as it went over the town of Florencia.Authorities have yet to find the occupants -- two crew members and eight passengers -- although it is almost certain they are dead."The aircraft was located -- fragmented and incinerated -- 10 kilometres (six miles) from the urban centre of the town of Puerto Santander... It is possible that no passengers will be found," the Civil Aviation Authority said in a statement."Specialised rescue personnel are currently in a search and rescue mission for the bodies of the occupants of the aircraft."The unit is responsible for ...

Ecuador to target unhealthy diets with 'junk food tax' QUITO: Ecuador plans to impose a "junk food tax" on fast food restaurants, and will use the revenues to address the negative health effects on its citizens of diets laden with salt and fat. "We are moving past poverty-related problems since the country is progressing a lot, and moving on to problems of affluence," President Rafael Correa said Thursday.The chief of state, who holds a majority in parliament, said the tax would mainly target international ...
Venezuela leader's popularity sinks amid crisis CARACAS: Less than two years after succeeding Venezuela's late leader Hugo Chavez, President Nicolas Maduro has struggled to replicate his mentor's popularity amid a deepening economic crisis.With his approval rating plummeting, Maduro announced late Tuesday that he was replacing the head of state oil giant PDVSA, Rafael Ramirez, and relieved him of his role as vice president for economic policy.But the socialist leader fell short of announcing much-awaited measures to revive an economy beset by ...
Argentina proposes France as bond payment jurisdiction BUENOS AIRES: Argentina's Senate on Wednesday began debating a bill designed to sidestep US court-rulings that led to the South American country's July debt default, including an amendment to add France as a jurisdiction for making bond payments.President Cristina Fernandez wants to resume servicing sovereign bonds that were restructured after Argentina's previous default in 2001.The bill is her attempt at putting the country's debt out of reach of US courts that have jurisdiction over some ...
Mexico to fund new airport via cash flow initially MEXICO CITY: Mexico's government will finance the first stage of a new $9.15 billion airport planned for the capital via cash flow from the current airport and could issue up to 30-year bonds to finance later stages, a senior project official said on Wednesday.President Enrique Pena Nieto formally announced the new six-runway airport project, which aims to ease delays at the current hub, the Benito Juarez International Airport, on Tuesday. Renowned British architect Norman Foster ...
Maduro replaces Ramirez as PDVSA oil chief CARACAS: President Nicolas Maduro on Tuesday replaced Rafael Ramirez as head of Venezuela's state oil giant PDVSA, saying Ramirez would leave that key post to head up the foreign ministry. Ramirez was also relieved of his role as the oil minister and vice president for economic policy, to become -- in addition to top diplomat -- political vice president.Venezuela has the world's largest proven oil reserves and PDVSA is the world's fifth largest oil company, ...
Man shot during anti-government protest in Venezuela CARACAS: A man was wounded by gunfire Monday during the latest protest against the Venezuelan government's new economic policies and authorities later broke up the demonstration, a non-governmental group said.The man was hurt in Tachira state, where the protest was called against the new anti-smuggling measures of President Nicolas Maduro's government, according to the NGO Foro Penal."A man wounded by gunshot in Las Vegas, Tariba, Tachira state," tweeted Foro Penal's director Alfredo Romero.It was not ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln