The United States claimed on Tuesday that Venezuelan President Nicolas Maduro was on his way out, saying he had a plane ready and that senior officials were plotting to oust him, even as the leftist firebrand appeared to survive a military uprising.
Argentina’s embattled peso currency gained briefly against the dollar on Tuesday after the central bank announced measures aimed at controlling volatility of the currency amid a grinding recession.
Argentina announced on Tuesday it had struck a deal with Chinese authorities that would allow it to begin exporting pork to the Asian giant from 25 of the country’s meat-packing plants.
President Donald Trump slammed the Federal Reserve on Tuesday for incessantly raising interest rates and said cutting rates by a full point would make the economy surge.
The president in charge of Venezuela, Juan Guaidó, announced from the military air base of La Carlota that since Tuesday, April 30, Operation Libertad began to “cease the usurpation” of Nicolás Maduro's regime. Civilians gathered at the east of Caracas in support of the military insurrection and Military supporters of Maduro government took part of the base of the Military Aviation, armed with long weapons.
An armored vehicle of the National Guard (GN) of Venezuela intentionally ran over a group of citizens who were demonstrating in support of the call to activate the so-called “operation freedom”, led by the president in charge Juan Guaidó on a highway in Caracas.
Argentina’s embattled peso gained strength on Monday after the central bank said it would ease limits on its foreign exchange market interventions, signaling its willingness to sell reserves in an effort to better control the volatility of the local currency. The peso began the session up 3.37% and closed 3.56% stronger at 44.37 per U.S. dollar.
Brazil’s central government’s primary budget deficit narrowed in March thanks to aggressive cuts in discretionary spending, the Treasury said on Monday, although it warned that public finances were still at risk from pension commitments and weak revenues.
A national strike will halt much of shale-rich Argentina's economy on Tuesday amid growing investor concern that market-oriented president Mauricio Macri will lose a bid for re-election in October, swinging Argentina back toward state intervention.
Brazil's foreign minister on Monday voiced high hopes for a major rally planned this week in Venezuela by Juan Guaido, the country's self-proclaimed president. Guaido, who is recognized by more than 50 countries including the United States and Brazil, has called protests for the May 1 workers' holiday that he has vowed will be “the biggest in the history” of Venezuela.