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Montevideo, November 22nd 2024 - 13:35 UTC

Stories for May 2018

  • Friday, May 11th 2018 - 08:45 UTC

    Confucius Institute opens in Uruguay to celebrate 30 years of diplomatic relations with Beijing

    Retired Chinese architect and teacher Cheung-Koon Yim, 81, who emigrated to Uruguay in 1953, was tapped to run the institute in Montevideo

    A Confucius Institute recently opened in Uruguay's capital Montevideo, fulfilling a dream for promoters of Chinese culture and locals keen to learn more about China. The institute, a worldwide network that offers a window to Chinese culture through Mandarin (standard Chinese) language classes and other types of courses, opened in April, thanks to an agreement between Uruguay's University of the Republic (Udelar) and Qingdao University in eastern China's Shandong Province.

  • Friday, May 11th 2018 - 08:35 UTC

    Paraguay's president “soul brother” accused by Brazil of money laundering

    A Brazilian financial crimes prosecutor on Wednesday accused the president's friend, Dario Messer, of money laundering and criminal association.

    Paraguayan authorizes have issued an arrest warrant for a man President Horacio Cartes has described as his “soul brother” as part of a sweeping investigation into corruption in Latin America.

  • Friday, May 11th 2018 - 06:29 UTC

    Argentine stock market climbs 6% and the exchange market operates cautiously

    Finance Minister Luis Caputo said the IMF deal would guarantee financing through the end of President Macri's first term in December 2019

    Argentine equities rallied on Thursday, while the country's peso currency was stable, as the central bank sold foreign currency reserves in the spot market for the first time since the country announced it was seeking financing from the IMF.

  • Friday, May 11th 2018 - 06:12 UTC

    Bank of England leaves interest rates unchanged, slashes 2018 growth prospects

    Governor Mark Carney said the Bank believed the “underlying pace of growth remains more resilient than the headline data suggest”. (Pic Bloomberg)

    The Bank of England has backed off from raising interest rates as it slashed 2018 growth forecasts, but said the economy would bounce back from a weather-hit “soft patch”. Policymakers kept the prospect of rate hikes firmly on the cards, although it sparked confusion over when the next increase may come.

  • Friday, May 11th 2018 - 06:00 UTC

    “Lords should not undermine the will of the majority” that voted for Brexit

    Leader Andrea Leadsom said the Lords should not undermine the desire of voters who backed the UK leaving the EU at the 2016 referendum

    Peers should not undermine the will of those who voted Brexit, a senior minister has said after the UK Government suffered 14 defeats over key legislation. Commons Leader Andrea Leadsom said the Lords has made significant improvements to the European Union (Withdrawal) Bill, which transfers EU law into UK law, linked to devolution.

  • Friday, May 11th 2018 - 05:39 UTC

    IMF and White House support Macri's economic reform program

    “I stressed my strong support for Argentina's reforms to date, and expressed the Fund's readiness to continue to assist the government,” Lagarde said

    International Monetary Fund chief Christine Lagarde said on Thursday she is ready to aid Argentina and wants talks on a financing package to be finalized quickly. Lagarde said she instructed the IMF team to continue discussions on a loan program with the goal to “reach a rapid conclusion.”

  • Thursday, May 10th 2018 - 18:34 UTC

    IAATO’s Responsible Tourism Conference votes new and revised guidelines

    Over 140 people attended the meeting at Newport from May 1-3, representing IAATO member companies and invited stakeholders

    The International Association of Antarctica Tour Operators (IAATO) has concluded its 27th annual meeting in Newport, Rhode Island, USA having agreed to strengthen its mission of promoting the practice of safe, environmentally responsible travel to the Antarctic.

  • Thursday, May 10th 2018 - 18:14 UTC

    Falklands delegation travels to Buenos Aires for fishery talks and data exchange

    The two days meeting will discuss fish and squid stocks in the South Atlantic, and the possibility of resuming the exchange of scientific fisheries

    Next Monday, 14 May 2018 four representatives from the Falkland Islands Government’s Natural Resources Department will be part of a UK Foreign and Commonwealth Office lead delegation meeting with the Government of Argentina, in Buenos Aires, to begin two days of discussions on fish and squid stocks in the South Atlantic, and the possibility of resuming the exchange of scientific fisheries data for the benefit of the region.

  • Thursday, May 10th 2018 - 08:28 UTC

    Swedish PM to testify in corruption case involving sale of 36 fighter jets to Brazil

    Lofven will be asked in a Swedish court about contacts with Brazil’s ex presidents Rousseff and Lula da Silva regarding the purchase of Saab Gripen fighters

    Swedish Prime Minister Stefan Lofven has been summoned to testify next month as a witness in a Brazilian corruption case involving the purchase of fighter jets by Brazil, the Stockholm District Court said on Wednesday. Lofven will be asked in a Swedish court about his contacts with Brazil’s former presidents Dilma Rousseff and Lula da Silva regarding the country’s purchase of Saab Gripen fighters in a deal struck five years ago.

  • Thursday, May 10th 2018 - 08:20 UTC

    Argentine congress passed capital market reform bill; Merval up 6%

    Argentina's benchmark Merval stock index reacted strongly and was up nearly 6% on Wednesday afternoon.

    The Argentine Congress passed the government's capital markets reform bill on Wednesday, seeking to boost a troubled economy by reducing the power of market regulators and loosening restrictions on some funds investing in Argentina. Investors and economists consider the reform bill key to President Mauricio Macri's effort to boost investment in the country, whose capital markets are far smaller than regional peers.