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Brazil's embattled left strikes back RIO DE JANEIRO: Brazil's embattled left staged a string of protests Thursday in a show of support for President Dilma Rousseff, although turnout was markedly lower than at massive anti-government rallies over the weekend.The protests hit back at the right's push to impeach Rousseff, who less than a year into her second term is struggling for political survival."We want to continue with democracy. No to the coup, no to fascism!" said poet Jorge Salomao, 68, attending a rally called by Rousseff's Workers' Party in Rio de Janeiro.According to organizers, some 172,000 people turned out around the country in more than two dozen cities. However, political parties in Brazil frequently exaggerate turnout.A partial police estimate, which did not include figures for Rio de Janeiro, was 72,000, including 40,000 in Sao Paulo, the country's biggest city.Whatever the real number, the mid-week demonstrations were clearly unable to match the heft of protests on ...

Brazil Senate passes austerity bill in win for Rousseff BRASILIA: Brazil's Senate approved a bill to roll back payroll tax breaks on Wednesday that is a key measure in President Dilma Rousseff's efforts to reduce a gaping fiscal deficit and restore confidence in her government's accounts.The Senate voted 45-27 to pass the bill. It was received from the lower house with no changes, so it will go to Rousseff to be signed into law without delay.The vote puts an end to months of heated ...
El Salvador murder rate surges with 125 dead in three days SAN SALVADOR: Long plagued by gang violence, El Salvador's murder rate has taken a turn for the even worse, with at least 125 murders in just three days, police said Wednesday.National Police chief Mauricio Ramirez said 40 people were killed Sunday; then 42 Monday and 43 on Tuesday, most in gang-related bloodletting."These are worrisome numbers. These are Salvadorans who are dying. Regardless of who is a gang member or not," he told reporters.Authorities in this ...
Venezuela gets new oil minister CARACAS: Venezuela's President Nicolas Maduro on Tuesday announced the current head of state oil giant PDVSA will take over as minister of oil and mining as well."I have decided to name comrade Eulogio del Pino as the People's Minister for Oil and Mining," Maduro said in an address on state television.Del Pino, who has led PDVSA since September 2014, is not the first to take on the dual ministerial role in the oil-dependent OPEC member ...
Eight Venezuelan police prosecuted in videotaped killing CARACAS: Eight Venezuelan police officers have been detained and face prosecution after videotape emerged of them apparently executing a suspected criminal as the bodies of three others lay on the ground, officials said Friday.The officers will be charged in a court in northern Aragua state for their alleged roles in the death of the four men, aged between 21 and 35. The officers were arrested Friday afternoon at the request of prosecutors. The dead men ...
Brazil's Cosan says will focus on preserving cash SAO PAULO: Brazil's Cosan, the country's largest sugar and ethanol maker, said on Thursday on a conference call to market analysts that it will focus this year on preserving cash, gauging carefully any new investment opportunities.Copyright Reuters, 2015 ...
Thousands of women march in support of Brazil's Rousseff BRASÍLIA: Thousands of women rallied Wednesday in support of President Dilma Rousseff, whose poll numbers have plummeted amid a national scandal involving state oil company Petrobras.The beleaguered Brazilian leader addressed the gathering, vowing not to let the country go backwards, even amid difficult economic times."We won't allow any reversal of the social and democratic progress in our country," Rousseff declared to enthusiastic applause as the event wound down.The show of support comes just days after ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln