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Magnitude 6.8 earthquake strikes off Chile: USGS WASHINGTON: A magnitude 6.8 earthquake struck off the coast of Chile on Monday, the US Geological Survey said, with no immediate tsunami warning issued.The quake occurred at 0949 GMT at the shallow depth of 10 kilometers (six miles) and the epicenter was 1,538 kilometers south-southwest of the capital Santiago.Copyright AFP (Agence France-Presse), 2013 ...

Former Argentine dictator Videla dies in prison at 87 BUENOS AIRES: Jorge Rafael Videla, an austere former army commander who led Argentina during the bloodiest period of a "dirty war" dictatorship and was unrepentant about kidnappings and murders ordered by the state, died on Friday at age 87.Videla was the first president to head the military junta that "disappeared" thousands of suspected leftists from 1976 to 1983, and he spent his final years behind bars for human rights crimes, including the systematic theft of ...
Ecuador smashes India-to-US migrant smuggling ring QUITO: A ring that smuggled immigrants from India and Sri Lanka into the United States through Ecuador has been broken up with the arrest of six people, Ecuadoran authorities said Thursday.Three Indian nationals and two members of Ecuador's immigration police were among the six people arrested in the port city of Guayaquil, where the smuggling network operated, officials said."They brought in nationals from India and Sri Lanka, and arranged refuge for them in various hotels," ...
Argentina challenges EU over biofuels: WTO GENEVA: Argentina has launched a new challenge to the European Union over the bloc's rules on the import of biofuels, the World Trade Organization said Wednesday."Argentina has notified the WTO Secretariat, on May 15, of a request for consultations with the European Union on measures imposed by the EU and/or its Member States that affect the importation and marketing of biodiesel and implementing measures as well as measures supporting the biodiesel industry," the Geneva-based body ...
Church defrocks Chilean priest for child sex abuse SANTIAGO: A Chilean priest has been defrocked by his order for allegedly sexually abusing two minors, the country's Roman Catholic church said on Tuesday.The church had investigated the allegations against the priest, Hector Valdes, in 2008, but a new probe was ordered four years later by the archbishop of Santiago, Ricardo Ezzati.The second investigation found Valdes "guilty of the crime of sexually abusing two minors, and abuse of his ministry," the church said in a ...
Venezuela's lone opposition TV network is sold CARACAS: Globovision, Venezuela's only opposition television network which had a long history of clashes with the socialist government, was sold Monday and will change its critical coverage, network officials said."Ths channel already has been sold off," the network's website said in a statement.Leopoldo Castillo, one of the new managers and a host of the "Hello Citizen" show, said it had been decided to move the channel's editorial line toward the center in the interest of ...
Argentina secures 3 more LNG cargoes for 2013 LONDON: Argentina has secured a total of three liquefied natural gas (LNG) cargoes for delivery this year from oil major BP, Norway's Statoil and US bank Morgan Stanley, trade sources said.Latin America's No. 3 economy has struggled to source its record LNG requirement of 83 cargoes for this year as it tries to offset falling domestic supplies amid surging demand.In its latest tender launched in April, state-run oil company YPF asked global suppliers to submit ...


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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