Just in:  

You are here: Home»World»South America

South America


Brazil arrests four as first fire victims buried SANTA MARIA: Police in Brazil arrested four suspects Monday after a nightclub fire killed 231, left dozens more clinging to life and forced officials to defend readiness for the Olympics and World Cup.   Two owners of the Kiss club were arrested, along with a pair of musicians who starred in the ill-fated pyrotechnic show blamed for sparking Sunday's tragedy in the university town of Santa Maria in the south of the country.   President Dilma Rousseff pressed mayors across the massive South American nation to ensure that such a "terrible tragedy never takes place again."   The president, who rushed back from a regional summit in Chile to meet with grieving families, called the pain she had witnessed "indescribable."   The inferno, described as the second worst in Brazilian history, forced the cancellation of an event to mark the run-up to the country's hosting of next year's football World Cup, the biggest global sporting event.   The fire broke ...

Colombia central bank may cut interest rate BOGOTA: Colombia's central bank may cut its key interest rate on Monday for a third straight month as the government piles pressure on policymakers to protect the economy from a global slowdown that has hurt growth.   The board could reduce its overnight lending rate by a quarter point to 4 percent after weakness in the industrial and export sectors sparked concern the economy is stalling.   Strong capital inflows have boosted the value of the currency against the ...
LatAm leaders hear message from Chavez SANTIAGO: Venezuelan Vice President Nicolas Maduro on Monday read out a message from cancer-stricken President Hugo Chavez to a summit of Latin American leaders in Chile.   In his message, Chavez, who is undergoing treatment in Havana and has not been seen in public for weeks, hailed Cuba for its assumption of the presidency of the Community of Latin American and Caribbean States.   "Latin America and the Caribbean are telling the United States with a single voice that ...
Police arrest Brazil club owner after inferno: official SANTA MARIA: Police have arrested an owner of a Brazilian nightclub where 231 people were killed in a blaze early Sunday that survivors said was set off by a musical group's pyrotechnics, a police official said Monday.   Two members of the musical group also were arrested, and an arrest warrant was issued for another owner of the club, Kiss, said police official Michele Vimmerman. "There were three temporary detentions," Vimmermann said.   Copyright AFP (Agence France-Presse), 2013 ...
European, Latin American leaders close trade summit SANTIAGO: European and Latin American leaders wrapped up a two-day summit here Sunday, pledging to reinvigorate their "strategic partnership" for expanded free trade while shunning protectionism.   But the high-profile meeting attended by some 60 countries from both continents was overshadowed by a nightclub fire that killed at least 232 people in Brazil and forced President Dilma Rousseff to cut short her visit.   "It's a tragedy for all of us, and I cannot continue here at the summit, ...
Nightclub fire kills 232 in Brazil college town: police SANTA MARIA: At least 232 people died early Sunday when a fire tore through a nightclub packed with university students in the southern Brazilian city of Santa Maria, police said.   Shocked survivors described a frantic rush to the exits as flames swept through the crowded club in the university town, with scores of young people getting trampled and passing out from smoke inhalation.   Another 131 people were injured, and the death toll from the inferno had climbed ...
Police empty Venezuela riot prison after 61 killed BARQUISIMETO: Security forces on Sunday regained full control over a prison in northwestern Venezuela and evacuated inmates after a riot left 61 dead and twice as many wounded, officials said.   "The evacuation of prisoners from the Uribana jail has concluded. Now for reconstruction," Prisons Minister Iris Varela announced on her Twitter feed.   Varela said the final prisoners left quietly "without any resistance," posting to the social network a photo of several inmates with military officials.   The minister had ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln