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Montevideo, September 24th 2018 - 11:59 UTC

Stories for 2018

  • Friday, August 24th 2018 - 08:24 UTC

    Brazilian currency sliding to record lows ahead of October's election outcome

    Brazil's real  was on track for a more than 5% slide for the week on Thursday, having sold off more than 24% in the year so far

    The Brazilian currency Real fell to a 31-month low versus the U.S. dollar on Thursday on jitters ahead of the country’s October election. Jitters across emerging markets caused by a stronger U.S. dollar and exacerbated by the unfolding currency crisis in Turkey already took a toll on the Brazilian unit before this week.

  • Friday, August 24th 2018 - 08:16 UTC

    Monsanto glyphosate weed killer could cost Bayer billions in damage lawsuits

    Bayer said the number of outstanding cases had risen from 5,200 to 8,000. The company's shares are down 11% since it lost the case in a California court

    United States agro-chemicals company Monsanto is facing a surge in lawsuits that may cost its new owners, Bayer, billions in damages. Monsanto manufactures glyphosate-based weed killers which some believe are carcinogenic. Last month it lost a US$ 289m court case that alleged its products Roundup and RangerPro had led to a Californian man's terminal cancer.

  • Thursday, August 23rd 2018 - 09:13 UTC

    Argentine Senate unanimously approves raids on properties from ex president Cristina Fernandez

    Debate in the Senate was lively with Cristina Fernandez allies attacking Judge Bonadio, president Mauricio Macri, and his economic policies, and “big media”

    Argentina's Senators have approved a judge's request for authorities to carry out raids on properties owned by former president Cristina Fernandez de Kirchner, as part of a case investigating widespread corruption. Cristina Fernandez is currently a senator and was one of the 67 lawmakers who voted unanimously in favor of the motion.

  • Thursday, August 23rd 2018 - 09:12 UTC

    The democratic challenge to dictatorships and xenophobia in Latin America

    The panel discussed the democratic clauses of the different institutional bodies in the continent against the erosion of the rule of law

    During the conference entitled “The democratic challenge to the autocracies of the 21st century in Latin America,” organized by the Center for the Opening and Development of Latin America (CADAL) on Tuesday at the Senate of Uruguay, the Government of Venezuela was described as a “dictatorship” and it was exhorted that the democratic governments of the region, especially the Uruguayan government, not be indifferent or “accomplices” against today’s Latin America’s autocratic governments.

  • Thursday, August 23rd 2018 - 09:06 UTC

    Opinion polls confirm Lula's popularity and rattles markets

    In a Datafolha poll Folha de S.Paulo and Globo TV, Lula easily led all contenders when his name was included, winning the support of 39% of those surveyed

    The popularity of imprisoned former Brazilian president Lula da Silva has grown strongly despite his corruption conviction, an election poll on Wednesday showed, a result that rattled markets and raised the possibility that Lula’s running mate could ultimately become the next occupant of the country’s presidential palace.

  • Thursday, August 23rd 2018 - 09:02 UTC

    Labour leader Corbyn to propose tax on tech giants to pay for public interest journalism

    Corbyn has been subject to fierce attacks by sections of the British press and has criticized leading tech firms over tax avoidance and data misuse

    A windfall tax could be levied on tech giants such as Google, Amazon and Facebook to pay for public interest journalism, Jeremy Corbyn is expected to announce. The Labour leader will call for radical reform of the media landscape in a speech at the Edinburgh TV Festival.

  • Thursday, August 23rd 2018 - 08:58 UTC

    Argentine trade deficit in seven months climbs to US$ 5.9 billion

    Export prices rose 11.1% but volume dropped 8.4%, with a special negative impact from commodities because of the drought that cost Argentina over US$ 8 billion.

    Argentina posted a trade deficit of US$789 million in July, government statistics agency Indec said on Wednesday, compared with a deficit of US$ 359 million in June and a deficit of US$ 748 million in July 2017.

  • Thursday, August 23rd 2018 - 08:52 UTC

    Federal Reserve ready to raise interest rates, according to minutes

    The Fed has been raising rates gradually since 2015 and is now concerned the economy is so strong that inflation could rise persistently above its 2% target

    United States Federal Reserve officials discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the U.S. central bank’s last policy meeting showed.

  • Thursday, August 23rd 2018 - 08:48 UTC

    Chile's GDP in the second quarter grew 5.3%

    The sharp increase in growth, up 0.7% over the first quarter of 2018 according to bank figures, came amid strength in the manufacturing and commerce sectors

    Chile's gross domestic product grew 5.3% in the second-quarter of 2018 compared with a year earlier, its biggest jump in nearly six years, the central bank said this week.

  • Thursday, August 23rd 2018 - 08:45 UTC

    Brazil forecasted to expand soybean acreage to a new record

    Over the past 12 years the soy area grew on average about 5% annually, with the fastest rate or growth taking place in the 2012/2013 crop year at 10.7%

    Brazilian farmers were forecast to expand the country’s soybean planted area for the 12th consecutive year amid strong demand from Asia and in spite of risks related to the exchange rate and higher freight costs. Brazil is likely to expand the area to a record 36.28 million hectares this season, which farmers will start planting around September, a 3.2% expansion from the previous cycle based on government data.