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Chavez to go to Cuba for more medical exams           CARACAS: Venezuelan President Hugo Chavez plans to travel to Cuba next month for a medical check-up after four rounds of chemotherapy for cancer, the Venezuelan state news agency said Friday. The announcement came just a day after Chavez appeared before reporters to squelch reports he had been rushed to a Caracas military hospital because of a health crisis. The AVN news agency quoted Chavez as saying the check-ups in Havana in the latter half of October "close this cycle" of his recovery from a cancerous tumor removed from his pelvic area in June. Chavez, 57, has undergone four rounds of chemotherapy since the operation, but little information has been provided about the nature of the cancer, which has raised uncertainties about the state of his health. On Thursday, Chavez was forced to deny a report in the Miami-based Spanish language El Nuevo Herald that he was rushed to a military hospital for emergency care ...

Libya CARACAS: Venezuelan President Hugo Chavez, one of the last remaining friends of ousted Libyan strongman Moamer Qadhafi, ridiculed the country's new UN representative Thursday, calling him a "puppet" and a "dummy." The new ambassador to the United Nations, Ibrahim Dabbashi, "shouldn't even have been there," Chavez told reporters in Caracas, where he made an appearance to quell rumors that he was in bad shape as he recovers from cancer treatment. "Of course, that guy was there (at ...
One dead, 18 injured in Venezuela train wreck     CARACAS: One person was killed and 18 injured Thursday in a crash involving three trains outside the Venezuelan capital, officials said. Transport Minister Francisco Garces told state television that a train leaving the capital suffered a mechanical failure and was hit from behind in the Valles del Tuy area. The collision pushed one of the trains into another travelling in the opposite direction along an adjacent track. One of the train drivers was killed, according to Deputy Justice ...
Chile students in fresh clashes with police SANTIAGO: Student protesters clashed with police in the Chilean capital on Thursday, just ahead of scheduled talks with the government on education reforms which have sparked massive demonstrations. Riot police used tear gas and water cannon to try to disperse the tens of thousands of protesters, some of whom responded by attacking security forces with sticks and rocks, scenes broadcast on Chilean television showed. Tear gas wafted into private homes and office buildings in the area, briefly ...
Peru enacts new mining tax to raise $5.5bn   LIMA: Peru's new leftwing President Ollanta Humala has passed three new mining laws containing a tax hike aimed at raising $5.5 billion over the next five years to be used for social spending. The laws passed Wednesday fulfil a campaign pledge made by Humala before he assumed office two months ago to ensure that the country's poor share in its recent economic success. "This will allow the state to have more resources to be used primarily for ...
Brazil court orders halt to work on $11bn mega-dam SAO PAULO: A federal court in Brazil has ordered a halt in construction at the controversial $11 billion Belo Monte hydroelectric dam, saying it would disrupt fishing by local indigenous people. The project has drawn international criticism, including from Oscar-winning movie director James Cameron of "Avatar" fame, who said indigenous tribes in the Amazon rainforest could turn to violence to block dam construction. Para state federal judge Carlos Eduardo Castro Martins on Wednesday barred Norte Energia from ...
Argentina inaugurates third nuclear power plant BUENOS AIRES: President Cristina Kirchner on Wednesday inaugurated Argentina's third nuclear power plant in a move she says helps diversify her country's energy sources. The German-designed Atucha II plant is expected to be fully operational in six to eight months after engineers run a series of tests. Construction on the plant began in the early 1980s, but worked soon stopped and did not resume until 2006, when then-president Nestor Kirchner (2003-2007), the current leader's late husband, ordered ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln