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Brazil prosecutor asks for freeze of Batista assets, property BRASILIA: The Rio de Janeiro prosecutor's office has asked a federal court to freeze financial assets and up to 1.5 billion reais($641 million) worth of property from Eike Batista, accusing the fallen Brazilian tycoon of market manipulation. In a statement on Saturday, the prosecutor's office said that Batista deceived investors with a "simulated" promise two years ago to invest $1 billion in oil company OGX, now known as Oleo e Gas Participacoes SA, if shares fell to a certain level. Batista failed to fulfill his promise, known as a put option, when the shares touched that level.Batista is also accused of using privileged information on several occasions last year to make a profit of 236 million reais with the sale of company stock, the statement said.A representative for Batista and his industrial group EBX could not be reached for comment on Saturday. Batista has repeatedly denied any wrongdoing in previous ...

Mexico President slams Texas governor over border crackdown MEXICO CITY: Texas Gov. Rick Perry's deployment of National Guard troops on the US-Mexican border is "reprehensible" and puts neighborly relations at risk, Mexican President Enrique Pena Nieto said in an interview published on Friday.Perry, considered a possible contender for the 2016 US Republican presidential nomination, in July ordered up to 1,000 Texas National Guard troops to the border, citing an influx of child migrants from Central America and drug cartel criminality. Critics have charged ...
Maduro says Venezuela can pay debt, blasts default fears CARACAS: President Nicolas Maduro said Venezuela could meet all its obligations to bondholders, as he sought to quell market fears that the Socialist-run country may opt to default when $5 billion of its foreign debt falls due for repayment next month. Fears of a possible default heightened, with bond yields spiking, after the publication of an article by a former planning minister and a pro-opposition economist that suggested an orderly default could ultimately help Venezuela's ...
Rousseff catching up to rival in new election poll SAO PAULO: Brazilian President Dilma Rousseff closed ground on opposition candidate Marina Silva in a new poll on Wednesday simulating a likely second-round runoff in October.The Datafolha survey showed Silva with 47 percent voter support compared with 43 percent for Rousseff, within the poll's margin of error.Last week Datafolha projected Silva would win the matchup by 48 percent against 41 percent for Rousseff.Another poll on Wednesday also showed Rousseff and Silva in a tight race ...
Brazil poll shows Rousseff catching up with Silva in runoff BRASILIA: Brazilian President Dilma Rousseff has recovered support and would run a tight race with opposition candidate Marina Silva if October's election leads to a runoff vote, polls published on Wednesday showed. Silva, the Brazilian Socialist Party's candidate, would have 47 percent of voter support in a second-round vote, against 43 percent for Rousseff of the governing Workers' Party. The gap is within the margin of error of the survey by polling firm Datafolha. Rousseff ...
Dismemberment latest gory trend in Venezuela crime CARACAS: Violent crime in Venezuela has taken a gory turn as a spate of dismembered bodies has turned up around the country, their detached heads and limbs often scattered far away.Forensics analysts say six victims' body parts have been found in the past two months, a disconcerting trend in a country that already has 70 murders a day, according to researchers -- one of the world's highest homicide rates.Police have also registered a recent rash ...
Shocked Chile searches for answers on bombings SANTIAGO: Monday's attack on a Chilean subway station shocked residents of Santiago -- considered by many the safest capital in Latin America -- and sparked a search for the perpetrators that has also reopened old wounds.No one has claimed the attack, which injured 14 people, or a string of other small homemade bombs detonated across the South American country in recent months.And police say they have few clues.The information vacuum has sparked much speculation on ...

 



 
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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln