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  • Brazil Official:US May Not Accept 200-Mile Sea Border -Report
    RIO DE JANEIRO 'We claim that the limit is 200 miles. Various countries agree and others don't,' Lima If the U.S. doesn't accept Brazil's claim for a 200-mile zone, 'we have a problem,' Lima Brazil's state-run oil firm, Petroleo Brasileiro SA (PBR), or
  • Chavez says Germany is not EU's only voice
    Venezuelan president Hugo Chavez has told Germany it is not Europe's only mouthpiece ahead of the European-Latin American summit in Peru Caracas -- Venezuala has hit back in its increasingly hostile war of words with Germany by issuing a statement
  • Peru sets up environment ministry
    By Dan CollynsBBC News, LimaPeru contains the largest area of Amazon rainforest outside BrazilPeru has created its first environment ministry, on the eve of a joint Latin American and European Union summit expected to focus on climate change. Peruvian
  • Scotiabank To Hike Stake In Peru Branch
    Bank of Nova Scotia is buying Intesa Sanpaolo SpA's shares in Scotiabank Peru, which will increase the Canadian bank's stake to nearly 100%, it said yesterday. Scotiabank said its stake in Scotiabank Peru will rise to 98% from 78% as a result of the
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Ancient Peru was the seat of several prominent Andean civilizations, most notably that of the Incas whose empire was captured by the Spanish conquistadores in 1533. Peruvian independence was declared in 1821, and remaining Spanish forces defeated in 1824. After a dozen years of military rule, Peru returned to democratic leadership in 1980, but experienced economic problems and the growth of a violent insurgency. President Alberto Fujimori's election in 1990 ushered in a decade that saw a dramatic turnaround in the economy and significant progress in curtailing guerrilla activity. Nevertheless, the president's increasing reliance on authoritarian measures and an economic slump in the late 1990s generated mounting dissatisfaction with his regime. Fujimori won reelection to a third term in the spring of 2000, but international pressure and corruption scandals led to his ouster by Congress in November of that year. A caretaker government oversaw new elections in the spring of 2001, which ushered in Alejandro Toledo as the new head of government.

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