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Police on trial in Brazil for 1992 prison 'massacre' SAO PAULO: Twenty-six military police officers were due to go on trial here Monday for their role in Brazil's worst prison tragedy that claimed the lives of 111 inmates.The officers are specifically blamed for the deaths of 15 prisoners, who died in pavilion 9 of Sao Paulo's Carandiru penitentiary during an operation to quell a revolt on October 2, 1992. The incident became known as the "Carandiru massacre.""Clearly there was a massacre, an execution. The inmates were killed without an opportunity to defend themselves," the G1 website quoted Fernando Pereira da Silva, a prosecution official, as saying.But the defense argues that the police officers fired in self-defense after being threatened and assaulted by the prisoners.All the officers involved in the operation were unharmed. In addition to the 111 prisoners killed, some 87 others were injured.Survivors claimed that police fired on inmates who had already surrendered or were trying to hide ...

Chile says CPI rose 0.4pc in March SANTIAGO: Chile's consumer price index posted a 0.4 percent rise in March, its fastest pace since October, coming in above expectations for a 0.3 percent jump and driven higher by rising education, food and non-alcoholic beverage costs, the government data showed on Monday.The CPI rose 0.1 percent in February and 0.2 percent in January, after remaining unchanged in December.Inflation in the 12 months through March was 1.5 percent, below the bottom end of the central ...
Chilean ports back to normal but strike resumption possible SANTIAGO: Most ports in Chile were returning to normal operations on Saturday after an extended strike that slammed the No. 1 copper producer's exports, but the central port of San Antonio remained closed, a union leader told Reuters on Saturday night.If workers at San Antonio do not reach a deal by Tuesday, the rest of port workers will resume their strike in solidarity, Richard Orellana, head of the Angamos port union, told Reuters.Workers at the ...
Maduro plays up his bus-driver roots for Venezuela campaign CARACAS: Gripping the wheel and grinning at passengers, acting President Nicolas Maduro drives a bus to campaign rallies before an election he hopes will let him steer Venezuela to six more years of hardline socialism. From banners all around him, the image of the man Maduro calls his "father," the late Hugo Chavez, beams beatifically and salutes. "Chavez sets the route, Maduro takes the wheel!" is the catchy slogan of the government's campaign ahead of ...
Puerto Rico approves public pension system overhaul SAN JUAN: Puerto Rico Governor Alejandro Garcia Padilla has signed an overhaul of the US territory's cash-short public pension fund into law, after it was passed by lawmakers late on Thursday in a bid to soothe investors and shore up the country's sputtering economy. "This has not been a simple process," Garcia Padilla said as he enacted the legislation on Thursday night that had been bitterly opposed by labor unions. "It has been a topic ...
Venezuelan leader says opposition will turn lights off CARACAS: Venezuela's acting President Nicolas Maduro accused the opposition Thursday of plotting to sabotage the national power grid to cause a blackout ahead of the April 14 election to replace Hugo Chavez.Maduro, who is facing opposition leader Henrique Capriles in a bitter campaign, said he ordered the "militarization" of areas with power stations, and that he would call on the armed forces and population to "take the street" if national power is shut down."I want ...
Suspected killers of ecologists on trial in Brazil RIO DE JANEIRO: Three suspected killers of a couple who blew the whistle on illegal logging in the Brazilian Amazon went on trial Wednesday.Antonio Filho, a member of Brazil's Catholic Church-affiliated Pastoral Land Commission (CPT) who is monitoring the trial before a court in the Amazonian town of Maraba, said it was expected to last until Thursday .In the dock are Jose Rodrigues Moreira, who allegedly masterminded the May 2011 ambush killing of Jose Claudio ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 30, 2015
Reserves $17.717 bln