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Montevideo, December 18th 2024 - 09:07 UTC

Stories for April 2023

  • Saturday, April 29th 2023 - 10:33 UTC

    Fitch highlights Peru's performance

    Peru can improve its credit rating in the coming years if levels of growth higher than those projected by Fitch are achieved

    Peru's macroeconomic strength proved decisive for the international agency Fitch Ratings to grade the South American country with a BBB quotation thanks also to its moderate public debt, strong external liquidity, and its fiscal discipline, it was reported.

  • Saturday, April 29th 2023 - 10:31 UTC

    Telegram to appeal Brazilian ban

    Telegram will, however, stick to its confidentiality policy and leave the Brazilian market if need be, Durov hinted

    After Brazil's Supreme Federal Court (STF) ordered access to the message application Telegram be banned nationwide after failing to honor a request to turn over to law enforcement information on a high-profile school shooting, the company said it would appeal the measure.

  • Saturday, April 29th 2023 - 10:24 UTC

    Lula wants to host South American “retreat” summit

    Lula also insisted it was imperative that South America be regarded as a region of peace and cooperation

    Brazilian President Luiz Inácio Lula Da Silva has been reported to be planning a major Summit in the form of a retreat in Brasilia on May 30 and is sending letters of invitation to his South American colleagues to relaunch the South American Union of Nations (Unasur), as per an O Globo article.

  • Saturday, April 29th 2023 - 10:11 UTC

    Lava Jato scandal: Marcelo Odebrecht serves out his prison sentence

    Odebrecht was involved in the scandal that resulted in Lula's incarceration and ban from running in the 2018 elections

    Businessman Marcelo Odebrecht has been fully released from jail in Brazil Friday after serving his sentence for corruption, illicit association, and money laundering that went public in the Operation Lava Jato scandal. He had been doing community work at a hospital in exchange for a sentence reduction.

  • Friday, April 28th 2023 - 11:43 UTC

    Venezuelan migrant crisis sparks diplomatic clash between Chile and Peru

    Otárola urged Boric to “solve their problems and not to throw them to another country”

    Peru's Foreign Ministry Thursday Chilean ambassador Óscar Fuentes as thousands of Venezuelan migrants are trying to cross into the country from the southern border to “protest for the lack of collaboration shown by the Chilean police authorities, which has generated the events that occurred today” when a group tried to force their way into the country and circumvent the police checkpoints.

  • Friday, April 28th 2023 - 11:15 UTC

    “Blue” dollar keeps backtracking in Argentina

    Massa secured a US$ 690 million loan with the Development Bank of Latin America (CAF) during a meeting in Uruguay. Photo: Gastón Britos / FocoUY

    The “blue” (a euphemism for “black market”) dollar dropped to AR$ 467 Thursday after further announcements and measures from Argentine authorities, after reaching an intraday record of AR$ 497 on Tuesday. It is still an AR$ 72 peso (18.2%) increase for the month of April.

  • Friday, April 28th 2023 - 10:59 UTC

    Argentina: CFK announces no candidacies

    “Inflation does not stop with dollarization,” CFK stressed

    Argentine Vice President Cristina Fernández de Kirchner (CFK) made no announcement regarding the upcoming presidential elections during her appearance Thursday at a La Plata theater for the ceremony marking the opening of the Néstor Kirchner Institute. Following last week's declaration by President Alberto Fernández that he would not seek reelection, all eyes are focused on her next move.

  • Friday, April 28th 2023 - 10:59 UTC

    Uruguayan Senate gives nod to pension reform bill

    The measure was urgent “because of life expectancy,” Lacalle argued

    Uruguay's Senate Thursday approved at around 9 pm the pension reform bill which is now up to President Luis Lacalle Pou to be signed into law.

  • Friday, April 28th 2023 - 10:50 UTC

    Brazil's Security Cabinet sacks military personnel involved in Jan. 8 riots

    Cappelli said he was following President Lula's instructions

    Brazilian authorities have sacked 28 military personnel and one civilian for their conduct during the Jan. 8 uprising in Brasilia, Acting Institutional Security Cabinet (GSI) Minister Ricardo Cappelli announced Thursday in a statement.

  • Friday, April 28th 2023 - 10:47 UTC

    Presidents of Brazil, Argentina discuss Unasur

    Both leaders reviewed the evolution of bilateral trade and progress in the implementation of cooperation agreements signed in recent months

    Presidents Luiz Inácio Lula da Silva of Brazil and Alberto Fernández of Argentina held a virtual conference Thursday during which they discussed the return of their countries to the South American Union of Nations (Unasur) and other bilateral issues.