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Ecuador seizes 7.8 tons of liquid drugs bound for Spain QUITO: Ecuador authorities seized 7.8 tons of liquid drugs, likely a form of cocaine, disguised as "disinfectant" due to be shipped to Spain, authorities said Saturday.The operation on Friday in the port city of Guayaquil, in south-eastern Ecuador, also netted three arrests, including one foreigner, who were ordered jailed, said the prosecutor's office in a post to their Twitter page. The liquid, which authorities said was liquid cocaine hydrochloride, was declared to authorities as a shipment of disinfectant, prompting the suspicion of police. "A company making its first export declared 7,000 liters of disinfectant, which it said was bound for Valencia, Spain," said Interior Minister Jose Serrano."This amount called the attention of police personnel, who opened the container to verify the product," and found the drugs, he said.So far this year, authorities have seized 38 tons of drugs, mostly cocaine, Ecuador said.Drug cartels, including Mexico's Sinaloa and others from Colombia, ...

Venezuela to fight food smugglers with fingerprint scans CARACAS: Venezuelan President Nicolas Maduro has announced plans to introduce fingerprint scanners at supermarkets in a bid to stop food smugglers he blames for the crippling shortages gripping the country.Price controls in Venezuela keep food and other basic goods up to 10 times cheaper than in neighboring countries, and Maduro blames the shortages on smugglers who buy cheap products and sell them for large profits across the border, particularly in Colombia.Under the new system, the ...
Brazil Socialists pick new candidate, target Rousseff BRASILIA: Brazil's Socialist party named popular environmentalist Marina Silva its presidential candidate Wednesday, reshaping the political landscape after her late running mate Eduardo Campos died in a plane crash last week.Campos's death has radically transformed the outlook for the October vote, possibly setting up Silva, his former vice presidential candidate, to unseat incumbent Dilma Rousseff in a runoff, according to the latest poll."I will give the best I have in me," said Silva, a 56-year-old ...
Prominent Brazil journalist recalls dictatorship torture SAO PAULO: Prominent Brazilian journalist Miriam Leitao spoke out Wednesday on the torture she was subjected to by the military regime in the 1970s, rejecting army claims that its units committed no abuses.Speaking publicly on her detention for the first time since she testified before a military tribunal in 1973, Leitao, one of Brazil's most influential journalists, recalled being severely beaten as a young pregnant student detained at an army barracks where she was locked ...
British Falklands warship towed away for scrap LONDON: The British warship on which Argentina formally surrendered the island of South Georgia during the 1982 Falklands War began its final journey on Wednesday before being scrapped.HMS Plymouth could not be saved despite years of attempts to find a permanent home for the frigate.The ship, which entered naval service in 1961, was decommissioned in 1988. Peel Ports, which owns the dock where the frigate has languished rusting for years, said they had no "practical ...
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 ...
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 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln