The Argentine Peso slid to all-time lows against the dollar as concerns about inflation, weak growth and October's presidential election weighed. The currency has lost 14% so far this year and the weakness raises fears of a repeat of the currency crisis of 2018 when the Peso lost half its value against the dollar.
Brazilian President Jair Bolsonaro and his economy minister tried to rescue their contentious pension reform bill on Wednesday, as deepening political chaos surrounding the government’s signature proposal slammed Brazilian markets.
Swiss pharmaceutical company Roche said this week it will stop producing medicines at its Rio de Janeiro unit in Brazil, a new blow to a country whose economy appears to be in its most sluggish decade in 120 years. Roche said the move will take place within the next five years because that factory is not financially sustainable.
Efforts to persuade MPs to back Theresa May's Brexit deal will continue on Thursday, a day after she promised to quit as PM if it was approved. Her pledge brought some on-side, such as ex-foreign secretary Boris Johnson.
A Chilean appeals court ruled on Wednesday that the Catholic Church should pay compensation to three victims in a sex abuse case involving former Santiago parish priest Fernando Karadima, a decision that could open the floodgates to similar lawsuits.
The Falkland Islands will add to its registered fleet a state of the art trawler which should be operational by 2021 belonging to a local joint venture company, Petrel Fishing Company Ltd. In early 2019, the Board of Fortuna Ltd approved the construction of a new trawler to join their current fleet of five trawlers. The vessel will be owned and operated by Fortuna Joint Venture Company - “Petrel Fishing Company Ltd”.
Uruguay formally announced it will support China's Agriculture and Rural Affairs deputy minister as the next Director-General of FAO to be elected June 2019. The official statement was made by Uruguay's foreign minister Rodolfo Nin Novoa during a meeting with China's Deputy Prime Minister Hu Chunhua in Montevideo.
A county in New York state has declared a state of emergency following a severe outbreak of measles. Rockland County, on the Hudson River north of New York City, has barred unvaccinated children from public spaces after 153 cases were confirmed.
Brazil Mines and Energy Minister Bento Albuquerque said that Venezuela had not complied with its contract to supply the northern state of Roraima with energy since March 7. Roraima is a neighbor of Venezuela and an international bridge has become an escape way for thousands of Venezuelans fleeing from the Nicola Maduro regime and the lack of food and medicines.
Venezuela's opposition leader Juan Guaidó has called on his supporters to take to the streets in protest at nationwide power cuts. He also told followers to prepare for a final push to try to overthrow President Nicolás Maduro.