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Mexico holds interest rates, watching capital inflows MEXICO CITY: Mexico's central bank kept interest rates unchanged on Friday as it brushed off a recent pick-up in inflation and kept the door ajar for a possible further relaxation in credit costs if stimulus in advanced economies fans capital inflows. All 21 analysts polled by Reuters had forecast the Banco de Mexico would keep rates at a record low 4 percent this month after it cut benchmark credit costs for the first time in nearly four years in March. Markets are pricing in a good chance of another 25 basis point cut in the second half of the year, when inflation is forecast to decline and a expected pick-up in the United States should boost growth prospects in Mexico. Policymakers said a spike in consumer prices that has taken inflation above the central bank's ceiling in March and early April was transitory and said they saw no broad price ...

Dentist in Brazil burned to death by robbers SAO PAULO: A dentist died in her suburban Sao Paulo office after three robbers set her alight with alcohol because they could steal only $15 from her, a police spokesman said Friday.The spokesman told AFP that three assailants burst into the office of 46-year-old Cinthya Magaly Moutinho de Souza Thursday and demanded money.The trio stole the dentist's credit card but were only able to withdraw $15 from a nearby automated teller machine.They returned to the ...
Capriles vows to take vote challenge to Venezuela court CARACAS: Venezuelan opposition leader Henrique Capriles vowed Thursday to take his challenge of this month's presidential vote to court and repeated his demand for a do-over of the contested election.Capriles had demanded that Venezuela's National Electoral Board begin reviewing the balloting procedures for the April 14 election he narrowly lost.He set a deadline of Thursday for the panel to begin its review in an ultimatum announced the night before.When the election board failed to respond, ...
7 dead in Colombia as FARC, government to resume talks BOGOTA: Five FARC militants, a policeman and a soldier were killed in recent days, authorities said Monday as peace talks aimed at ending the long-running conflict were set to resume.In the southern Caqueta department, five militants from the leftist FARC rebel group were killed and a soldier wounded in fighting in a rural area, the army operational chief there said.In a separate military operation in the same town of Puerto Rico, troops captured four guerrillas ...
Venezuela's Maduro retains key Chavez ministers CARACAS: Venezuelan President Nicolas Maduro launched a "government of the streets" Monday with new finance and interior ministers, even as his election to replace the late Hugo Chavez remained in dispute.Other key ministers who had been appointed by Chavez were confirmed in their posts, including the foreign, defense and energy portfolios in a line-up that also ratified Chavez's son-in-law Jorge Arreaza as vice president.The changes suggested that Maduro, who narrowly escaped defeat at the polls ...
Brazil's richest woman dead at 100 SAO PAULO: Dirce Navarro de Camargo, Brazil's richest woman and the widow of the founder of the private conglomerate Camargo Correa, has died at the age of 100, press reports said Sunday.The daily Folha de Sao Paulo said Camargo died at her home Saturday.According to Forbes magazine, she was the fourth richest person in Brazil and the country's wealthiest woman with a net worth estimated at $11.5 billion.Camargo controlled Camargo Correa, the group founded by ...
Brazil police sentenced for prison 'massacre' SAO PAULO: Twenty-three Brazilian police officers were sentenced to 156 years in jail each on Sunday for their role in the killing of 111 inmates during Brazil's deadliest prison uprising in 1992.The 23 were among 26 military officers on trial before the Sao Paulo state tribunal. The three others were cleared.The officers, most of them now retired, were accused of killing 15 prisoners in Sao Paulo's Carandiru prison during the operation to quell the revolt ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln