Uruguay's central bank was forced to sell almost 65 million dollars on Tuesday, the highest volume so far this year, to keep the US dollar from ballooning as fears of the collapse of the Brazilian economy are felt through the region. The dollar finally ended trading with a slight 0.12% increase at 28,826 Pesos to the greenback.
Estela de Carlotto, the president of Argentina's Grandmothers of Plaza de Mayo human rights organization, considered Daniel Scioli a “faithful and different man” whose triumph in the October presidential elections could pave the way for a “constructive transition” toward the “return of Cristina” Fernández to power in four years time.
The extradition proceedings against Jack Warner, a former vice-president of football's world governing body FIFA, are to go ahead after being approved by Trinidad's attorney general. Untied States wants to try Mr. Warner, 72, a Trinidadian national, on corruption charges. He is accused of accepting millions of dollars in bribes.
Colombia and Venezuela have agreed to restore diplomatic dialogue and oversee progressive normalization of their border, after a meeting between Colombian President Juan Manuel Santos and his counterpart Nicolas Maduro.
Pope Francis has celebrated mass in front of thousands of people in the eastern Cuban city of Holguin. During his homily, he paid tribute to the efforts and sacrifices the Roman Catholic Church has made in Cuba.
The former treasurer of Brazil's ruling party was sentenced Monday to more than 15 years in prison for his role in a massive corruption scandal at state oil giant Petrobras. The judge investigating the scandal found Joao Vaccari, who was the Workers Party treasurer until April, guilty of corruption, money-laundering and conspiracy, and sentenced him to 15 years and four months.
Israeli Deputy Minister of Foreign Affairs Tzipi Hotovely defended the appointment of former settlements' department director, Dani Dayan, as the Jewish state's ambassador in Brazil, after it was rejected by Brazilian President Dilma Rousseff.
Of all four Pacific Alliance countries, Colombia spends most on its congressional representatives, despite the South American country’s low wages. According to a report published on Monday by economic newspaper La Republica, the state pays Colombia’s congressmen a total of nearly $2.1 million per month in salaries, almost double the total of Chile, whose congressmen have the highest individual salaries, but in total cost the state $1.2 million per month.
Brazil’s currency closed on Monday at the weakest level ever against the dollar as raging economic and political situations increased uncertainty and the odds of the country losing its investment-grade credit rating from yet another ratings company, which could be catastrophic.
More than 75,000 people visited the British Pavilion at the Expo Prado 2015 -the largest agro-industrial exhibition in Uruguay. The Pavilion was awarded first prize in the category “Best Embassy and Chamber of Commerce Pavilion” by the Uruguayan Rural Association, organisers of the Expo.